Dumaguete Info Search


Best Posts in Thread: Used car paperwork question

  1. SpringYellow

    SpringYellow DI Member

    Messages:
    156
    Trophy Points:
    101
    Ratings:
    +78 / 23
    Blood Type:
    A+
    A wife that doesn't like expensive stuff and likes normal and decent stuff is the best girl for me.
     
    • Agree Agree x 3
    SpringYellow, Dec 15, 2020
    #13
  2. mattchu5150

    mattchu5150 DI Member

    Messages:
    134
    Trophy Points:
    161
    Location:
    Dauin
    Ratings:
    +168 / 32
    If you can’t touch the original CR/OR, don’t touch the car “period”. Even if it comes through you may have unpaid penalties and so fourth you’d be responsible for.

    As the saying goes, if it’s too good to be true, it probably is.

    Safety first
     
    • Agree Agree x 3
    mattchu5150, Nov 14, 2020
    #11
  3. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

    Messages:
    13,106
    Trophy Points:
    451
    Occupation:
    FIRE
    Location:
    Valencia
    Ratings:
    +16,069 / 3,796
    Blood Type:
    O+
    I wouldn't touch a vehicle with an "open" registration like that. So many ways you can get screwed, especially since it is a repo. I would cancel your money transfer asap if possible.
     
    • Agree Agree x 3
    Rye83, Nov 13, 2020
    #6
  4. OzeMike

    OzeMike DI Forum Adept

    Messages:
    429
    Trophy Points:
    186
    Occupation:
    Retired
    Location:
    Dumaguete
    Ratings:
    +625 / 46
    Blood Type:
    O+
    Get him to transfer into his name first before any purchase.
     
    • Agree Agree x 3
    OzeMike, Nov 13, 2020
    #5
  5. Philpots

    Philpots DI Senior Member Restricted Account

    Messages:
    841
    Trophy Points:
    121
    Ratings:
    +801 / 170
    Blood Type:
    A-
    My guess is he is going to scam you. The P50,000 you hold will be given up by him and you will be left with a car that will hard to register. Simply agree to purchase when has has the car properly registered to him and you go through the proper transfer process. Until then start looking for a properly registered vehicle.
     
    • Agree Agree x 3
    Philpots, Nov 13, 2020
    #3
  6. Happy Camper

    Happy Camper DI Senior Member Restricted Account Infamous Showcase Reviewer

    Messages:
    926
    Trophy Points:
    246
    Ratings:
    +1,395 / 180
    Blood Type:
    O+
    And remember what happened after Undoy many years ago. Lots of used cars showed up in the Visayas and Mindanao, looking good and clean. Then the problems began and when the titles were examined it was found out that many came from Marikina and were previously underwater.

    Not saying that is going to happen again, but.
     
    • Agree Agree x 1
    • Informative Informative x 1
    • Funny Funny x 1
    Happy Camper, Nov 14, 2020
    #10
  7. okiebound

    okiebound DI Forum Adept Showcase Reviewer

    Messages:
    404
    Trophy Points:
    180
    Occupation:
    Loan Administration Document Processing Specialist
    Location:
    USA
    Ratings:
    +693 / 38
    Agree with everyone else, do not purchase a car or home without a clean title or you will have nothing but regrets.
     
    • Like Like x 1
    • Agree Agree x 1
    okiebound, Nov 13, 2020
    #9
  8. Always a Poppy

    Always a Poppy DI Senior Member Restricted Account

    Messages:
    658
    Trophy Points:
    166
    Location:
    Philippines
    Ratings:
    +828 / 142
    If you decide to press ahead and let him arrange the paperwork, you must make sure that there's a document included from the original loan company stating that their interest in the vehicle and financial arrangement is ended.
     
    • Agree Agree x 2
    Always a Poppy, Nov 13, 2020
    #7
  9. camote

    camote DI Junior Member

    Messages:
    39
    Trophy Points:
    128
    Location:
    Maluay , Zamboanguita , Negros Oriental
    Ratings:
    +11 / 0
    Don't buy a problem, let the seller first solve his paper work. Why you should be the one!
     
    • Agree Agree x 2
    camote, Nov 13, 2020
    #4