Repossessed vehicles in the Philippines are cars acquired by a bank from its previous owner due to non-payment. These units are sold in a “as-is where-is” condition.

Banks typically want to offload... Read More

Repossessed vehicles in the Philippines are cars acquired by a bank from its previous owner due to non-payment. These units are sold in a “as-is where-is” condition.

Banks typically want to offload repossessed vehicles as quickly as possible which is why they are listed with a considerable discount. It will also be more convenient for buyers, especially existing bank clients, to acquire these vehicles through financing. Less