How to Buy Repossessed Cars in the Philippines

With Dryve PH, it is easier now more than ever to purchase a repossessed car in the Philippines. Find out how to buy a repossessed car!

Share This Post

Why should you choose Dryve when figuring out how to buy repossessed cars in the Philippines?Considering Repossessed cars from banks can prove to be a wise decision because it is dependable and budget-friendly. Contrary to popular belief, these vehicles boast good quality and are priced lower than brand new counterparts and even compared to some car dealerships. Some units are returned voluntarily by their previous owners and lightly used. With online platforms like Dryve PH, it is easier now more than ever to buy repossessed cars in the Philippines.

 

Streamlined Process:

  1. Explore Dryve.Ph: We have collaborated with several banks to present a wide array of repossessed cars. Browse through our listings conveniently from your phone or computer.
  2. Inquire or Connect: Should you have inquiries, reach out to us through 0917-547-3835, initiate a chat by clicking the messenger button at the lower right corner, or send an email to [email protected].
  3. Conduct a Car Inspection: Upon identifying a car of interest, schedule a complimentary inspection. While optional, you can also involve your mechanic to assess the vehicle.
  4. Bid or Purchase Online: Once you’ve found the ideal car, contact us on how to place a bid. There is no required amount to be deposited in our website in order to participate in the bid.
  5. Payment and Documentation: Upon successful bidding, settle the payment at a bank branch of the selling bank and submit know-your-customer forms that will be provided by the bank. Wait for the gate pass to be sent to ensure you can readily pick up the unit at the assigned warehouse, and sign the deed of sale. Dryve PH will guide you through the step-by-step process.
  6. Take Your Car Home: With all formalities concluded, you can drive your newly acquired car home.
  7. Dryve PH will also help in following up all pending documents that is not in your care to ensure you can drive your new car worry free.

 

Some Reminders:

  1. Conduct Inspection: Make sure to inspect the unit and consider a mechanic. You may also ask us this additional service.
  2. Verify sources and transaction: Only transact with accredited channels and avoid transactions outside Dryve PH. This way, we can help assist you even after the sale.
  3. No hidden fees: Prices offered in Dryve has no additional mark up or hidden fees, the prices given to us are direct from the bank. This way, there is no need for negotiation and prices are transparent.

 

More To Explore

News

Top Reasons to Buy a Bank-Repossessed Car

Purchasing a car is a significant financial decision, and finding the right balance between quality and affordability is key. For savvy buyers looking to save without sacrificing reliability, bank-repossessed cars are an excellent option. Here are the top reasons why buying a bank-repossessed car might be the smartest choice for you:

News

A Buyer’s Guide to Bank-Repossessed Cars: What to Know Before You Buy

Purchasing a bank-repossessed car can be a cost-effective way to own a vehicle, especially with the rising prices of new cars. These vehicles, often reclaimed by banks from owners who defaulted on their loans, are sold at discounted prices to recover the outstanding loan amounts. However, buying a bank-repossessed car comes with unique considerations. Here’s a guide before you buy a bank-repossessed cars: