Repossessed cars

I have always been fascinated by the possibility of buying bank repossessed cars as an alternative to buying a brand new car because of the simple fact that cars really lose a big chunk of their value once you drive it home and why not buy it afterwards so that you can get it cheaper right?

I know there maybe repossessed cars out there that have already been thrashed by their previous owners so aside from bringing along a trusted mechanic to avoid those that are already junk, why not buy repossessed cars that are still within the manufacturers warranty so that problems can still be fixed at no cost right?

For example, what if I happen to find a 2 year old repossessed Hyundai Getz that is covered by 5 years warranty, it would be a good buy since I can still have any problems fixed by dealership right? Sounds good to me!

Now I just need to find banks that have bank repossessed cars for sale here in the Philippines. So far I have found two listings of bank repossessed cars for sale and these contain BPI repossessed cars and RCBC Savings Bank repossessed cars. Check out the repossessed cars here.

Feel free to let me know if you also find other banks that offer repossessed cars for sale. Thanks!

I Love My Hyundai Getz But I Dream Of The i20

Image via Wikipedia

I must admit that I am a Hyundai Getz fan. I currently own the CRDi variant and I bought this last April 11, 2008. After almost a year, I still love this car. My average fuel consumption is 15 to 19 kilometers per liter,

Image via Wikipedia

and that's a mix of relaxed driving on weekends and bumper to bumper city driving during weekdays in mega Manila where I try to coax the VGT turbo kick in whenever possible.


However, I can't help but think about the new i20 which is supposed to replace the Getz. Though I plan to keep my car which I call "Sky" for the next 5 years(that's the warranty that comes with it). I look forward to the day when I get a new i20. Maybe for now I'll just focus on what's happening with Sky while sharing information about the i20 which I find on the web.