BUYING A SECOND HAND OR REPOSSESSED CAR | Adulting Hacks
I GOT A SECOND HAND CAR! Buying a Car is a HUGE decision, this is only one way to go about it but it’s the least common option. I hope this video gives you another option so you can best weigh the pros and cons. Good luck to you and I hope wherever you decide to buy, you’ll be happy with your vehicle!
Dealing with personal finances, especially since it’s not taught in school can be quite hard and confusing. I hope this video and this channel will help you out in the challenges we are facing right now with personal finance, entrepreneurship and adulting in general.
►Outline :
Introduction : 0:00
Ways to buy a car : 0:47
How Repossession Works: 1:35
My Car (Price comparisons) : 2:25
Step 1: 3:41
Step 2: 7:03
Breakdown of costs: 9:33
Step 3: 11:28
Step 4: 12:47
Step 5: 14:33
Wrap Up-Pros & Cons: 15:38
WATCH NEXT :
LTO TRANSFER OF OWNERSHIP AND REGISTRATION RENEWAL ►►► • LTO TRANSFER OF OWNERS...
Banks that offer repossessed cars for sale in the Philippines include the following:
RCBC - bit.ly/386AnpU
BDO - bit.ly/3dG1V6K
China Bank - bit.ly/3gbEZhv
EastWest - bit.ly/3dDfBzd
Maybank - bit.ly/3i9BolS
Metrobank - bit.ly/2Zvl2LV
PSBank - bit.ly/2Base82
Security Bank - bit.ly/31uL5p7
Unionbank - bit.ly/2ZeR2DD
►Sources/Links
Ready2Adult Ph : groups/95486...
Moneymax : www.moneymax.ph/car-insurance...
Autodeal: www.autodeal.com.ph/articles/...
Security bank : www.securitybank.com/blog/wha...
Carmundi : www.carmudi.com.ph/advice/thi...
PhilKotse : philkotse.com/car-buying-and-...
► Previous Videos :
LTO TRANSFER OF OWNERSHIP AND REGISTRATION RENEWAL ►►► • LTO TRANSFER OF OWNERS...
I TRIPLED MY SAVINGS! : 5 Tips on How to Get Good with Money ► • I TRIPLED MY SAVINGS! ...
WHY WE’RE BROKE!: Why Earning More Doesn’t Mean Getting Rich ► • WHY WE’RE BROKE! : Why...
HOW MILLIONAIRES EARN | 7 Types of Income ► • 7 TYPES OF INCOME | H...
►SOCIALS
Instagram: / deleoncharmaine
TikTok: / deleoncharm
Facebook Page: / charmdeleon
Facebook Group: / ready2adultph
Email: hello@ready2adultph.com
kzread.info?s...
► Music Credit: DJ Quads
Track Name: “IT’S NEAR”
Music by: Dj Quads @ / aka-dj-quads
Official KZread Channel HERE: / channel
Disclaimer:
This video and description contain affiliate links where I may or may not receive a commission. This helps support the channel and allows me to continue to make videos such as this. I am not a financial advisor. Always do your due diligence.
KEYWORDS:
BUYING A SECOND HAND OR REPOSSESSED CAR, second hand car, buying a car, repossessed car in the philippines, buying a car in the philippines, buying a 2nd hand car, RCBC Repo, Repo Car, buying a repossessed car, how to buy a car, must watch this before buying a car, second hand car shopping, repossessed cars cebu, ready2adultph, Charm de leon, acquiring a car, adulting how-tos
Пікірлер: 511
Saving this for the future! 😊 thanks for this charm!
Sa security bank po kayo tumingin..... Mas MURA ang repossessed nila 😊
@christianching2770
2 жыл бұрын
Paano po ba tumingin sa mga repossessed sa Banko? Meron po ba kayong contact or may Fb page po ba sila? Thanks in advance
I keep on watching this vlog to motivate me to save up to be able to buy myself a care
I love this kind of content, professional and straight forward. looking forward for your channel growth
@CharmdeLeon
3 жыл бұрын
Sid Diaz thank you! Glad you liked it ☺️
thanks charm for that very informative, detailed yet simple (easy to understand) explanation. watched it from beg till end. superb! thumbs up!
Thanks for these tips! These are the things i wish our school teaches us.
Shout out to you for being clear & spot on :) I've learned so much
Nice. I've only watched 4 vids from your channel and I can say that I've learned things I thought I already knew.
Blessed New Year. Thank you for the info.
Thanks for sharing your experience of buying repossessed car. Thank you.
This is typically very helpful. Thank you!
Great topic very clear explanation thank you!
She spoke the word “inventory” correctly! Nice vid btw. Very informative!
Been watching some of your vlogs already. I must say their strength lies in the details you put into. I’m impressed on how much detail you put into your videos. Good job! I appreciate your work. Keep it up!
@CharmdeLeon
2 жыл бұрын
Thank you!
This is very informative! thank you!
@CharmdeLeon
4 жыл бұрын
Jerry Ching thanks, appreciate that ☺️
Well said and very informative. You are awesome, keep the blog coming.
@CharmdeLeon
3 жыл бұрын
Thank you!
Thanks for sharing this info! Really helpful!!
@CharmdeLeon
3 жыл бұрын
Glad it was helpful, Anton! 😂😉
this vlog is very informative thank you!
I'm so glad to have found this video. It was very informative and you look very reliable . I very much trust what you've said and will sure be very useful to me when I buy a car. Thank you so much for sharing your experience and enlightening us viewers.
@CharmdeLeon
3 жыл бұрын
Arje A thank you! ☺️
Thanks for the video, it was comprehensive, detailed and reliable. The price of a repossessed car is important but not having any warranty and ability to test drive the car makes me hesitant to choose and bid on a car sitting in a warehouse for months if not years. I am glad it all worked out for you. I suggest having an update on your car ownership 3 years to let us know if you have no regrets.
@CharmdeLeon
3 жыл бұрын
Great idea! Thank you!
@ezyllabaya1563
4 ай бұрын
Hoping to get an update on this 😅
Hi Charm, thanks for this very informative and genuine video~
@CharmdeLeon
3 жыл бұрын
Marie Kris Sobreo you’re welcome! I’m glad you liked it 💕 I have more videos about adulting and personal finance. Let me know what other content you want to see ☺️
Omg this is so helpful. Thanks for all the info! ❤
@CharmdeLeon
3 жыл бұрын
Melissa Marinduque welcome! 🤗
Wise move and very informative. Thanks for sharing your experience!
Thank you for the tips. ☺️
Thank you for the tips! :)
That was very informative, thank you!
@CharmdeLeon
3 жыл бұрын
🤗🤗🤗
Thanks ate Charm for this!!!
Thank you so much! This is very helpful...
Your English communication skills is superb. You explained it very well and very detailed. Good job
@lalalamahahah6748
3 жыл бұрын
She a Cebuana. That explains it.
THank you for sharing this experience. I learn a lot and I'm planning this way to have my first car.
Very informative and interesting topic you got. I like it
This is very informative! Ang articulate nyo din po. Thank you for this!
Very helpful! More power to you, thank you...😊
thank you so much Charm.. very informative and helpful..🤗🤗
@CharmdeLeon
3 жыл бұрын
Thank you! Appreciate it 💕
Very informative. Love it!!! Keep it up 😀
@CharmdeLeon
3 жыл бұрын
Justin Angelo Farillon thank you! 🙏🏻
Wow I didn't know about this thank you so much
Very informative. Thank you. Subscribed 😊
@CharmdeLeon
4 жыл бұрын
Nico Gonzales thank you! 🤗
Thanks for this video, Charm! Can you make a vlog about the expenses incurr after buying a repossed car? Like, insurance, chattel and how often you maintain your car. Thanks so much!
Informative and helpful. Thanks
@CharmdeLeon
3 жыл бұрын
markmomez thank you! ☺️
Nice info. Thanks
Nice tips!
You deserve more subs! Simple yet informative
@CharmdeLeon
3 жыл бұрын
chefmigz alvarez thank you 🙏🏻
Great topic! Another topic would be buying repossessed properties 😊
@CharmdeLeon
4 жыл бұрын
Great suggestion!
Thank you for this video 😊
@CharmdeLeon
3 жыл бұрын
Richard Dalupang thanks for watching!
Good insights 👍
Very helpful! Thank you
@CharmdeLeon
4 жыл бұрын
Glad it was helpful!
Another informative video 💯
@CharmdeLeon
4 жыл бұрын
Max Ilagan thank you 🙏🏻
Automatic is good on gas when ur driving in traffic road daily. To check ur new repo car u need to test drive it if they won’t let u then find another dealer. Remember ur spending 1000’s it’s the least u could do make sure it’s good. Check the oil make sure it’s oil not milky or metal, check the transmission oil make sure it’s nice and pink if it’s dark and smells burn then u don’t want it. Check for suspension push the hood and back down and make sure it’s stiff and bounce back and not bouncy.
Thank you for the helpful information! First time hearing about the process of buying repossessed cars. Currently saving up for enough dp because my reasoning is I want to give a huge amount of cash right away, and just have a small amount to pay monthly. That's just me. Targeting also a Vios, because that's our family car and have grown comfortable to it.
Also if u purchase do it close to the end of the month dealers are more willing to lower the price to meet their quota on that month. For brand new car wait a month the following year to purchase.
I’m from Cebu and the price you bought the vios for was already a very good deal! I was thinking of buying from used car sellers but after seeing this I might consider repo cars instead 😁
A STRAIGHT simple tip to people thats looking to buy 2nd hand car. You can consider this IF and ONLY IF you have a TRUSTED MECHANIC that can honestly evaluate the current condition of the car especially the engine. dont ever get in a trap of going to repair shop in a monthly basis burning 5 digit money just to keep it running
Kudos! well explained. I hope you can help me when i buy a car there.. just checking which car i like to take. Thank you for the info.
Very informative thank you
@CharmdeLeon
3 жыл бұрын
Very welcome
Thank you for the tips, it's very helpful! Ang galing mo mag explain 😘
I love this vid ❤❤❤
Buy a car within your limits brand new or second hand. For starters a young second hand vehicle is a good deal say 2-3 years old car is good as brand new. Once you save enough to buy your dream car then you can sell your old car and buy the brand new. Keep your money with you, the amount of money that goes to the bank for profit from car loans are just mind blowing.
ADULTING IS HARD, BUT THIS DEFINITELY HELPS 😁
Very well explained,,
new subscriber here, thank you very much, very informative 😊
@CharmdeLeon
3 жыл бұрын
mylen tarca welcome to the fam! Haha let me know what other videos you’re interested in ☺️
Great Video!
@CharmdeLeon
3 жыл бұрын
Abir Immanuel thank you! ☺️
I dont have a car but yes I'm watching this over and over again
@CharmdeLeon
4 жыл бұрын
Eldawn Catalan for the future! 😅
Very helpful detailed explanation. You are also so pretty…😍
Great! Awesome content charm! Now Im leaning towards a 2nd hand car rather than a brand new 😁
@CharmdeLeon
3 жыл бұрын
Go for it!
Thanks so much!
Thank you dear. For the more Info. Nice review... More videos aswell... Godbless...
Im planning to buy a car and your video is a great help ...thank u
Found this on youtube recommended videos. No regrets of consuming 17mins.of my time because its informative, honest and straightforward. Bottomline we need to have a detailed research in everything that we are going to buy and have some experts with you to guide and assist you if you have second thoughts. You're cute also🙂, next time po little bit of smile naman though this video is not meant to entertain but a glimpse of smile is valid to us viewers.🙂
@CharmdeLeon
3 жыл бұрын
Axel Tan thank you 😊 Haha need to keep that in mind. Super focused kasi. Sometimes I forget to smile haha?
thanks for sharing.
nice tips
Thank you so much 💕
My dream car back in 2015 - 2016 was a Range Rover Sport, fast forward to 2019 and I got myself a 2017 RRS. Im not quite interested on the newer ones as of now, thus I might end up keeping mine til it gives me a headache (mechanically). Its not bad buying a used car, you really just need to look at the history of it.
Lastly check the ground and the engine bay make sure u don’t see any leak either oil or coolant.
@boleroakoable
3 жыл бұрын
sir pano po yun malalaman. wlaa kasi ako budget kaya 2nd hand lang kaya
New friend here. Thanks.... I learned a lot. More videos please. Stay safe.
Nice info ma'am, ,,,,,,thanks......
Very good information, although I would have jumped at the one with the Dent, easily removed interior easily cleaned. Big shout out to your dad for keeping the corolla for so long, it's actually gaining value now the older it gets
@CharmdeLeon
4 жыл бұрын
Martin Tully Thanks! Yah it sold pretty okay for an old car because everything was kept stock and wasn’t mod.
Which of these banks offers lowest interest if im going to take thru loan ?
Hi! Great content! Did you consider getting a car insurance? Is there any difference in terms of price considering yours is only used for over a year?
@CharmdeLeon
3 жыл бұрын
I have insurance yes. It’s required when you renew your registration annually. Price is based on standard depreciation.
Loved your video! We just got our second-hand car just last week for just 355k php-it’s a 2013 Altis 1.6G. The mileage is already pretty high, but it still kinda looks and feels brand new. I had it serviced in the casa for 15k, and then I bought a dashcam for 5k. Including other expenses, the running total is 390k
@CharmdeLeon
3 жыл бұрын
Woohoo! Altis was one of the cars I wanted to get instead of the Vios.
@dgreat0268
Жыл бұрын
Hello any update for the altis? Planning to buy 2016 altis. How much did you spent for maintinance and what are the issues? Thank you
@christianb1829
Жыл бұрын
@@dgreat0268 hello. No issues experienced. We just bring it to Toyota for annual maintenance (around 12k)
Very Nice, informative topic. Godbless 💕✌️
good thing I saw your page! you sound reliant and seems like you really did your research. very helpful! I subscribed!
@CharmdeLeon
4 жыл бұрын
wikiyara thank you! Means a lot ☺️🙏🏻
hi i am planning to buy a second hand car, I never had a car before, can you give me some advise on what to do before buying a 2nd hand car?and what is the safest way to pay it in full?
Man, i need your knowledge!!
This video is great! Very informative. I had a Mitsubishi Lancer 97 that was given to me by my parents back in 2005. It was a 2nd hand, I had it towed back in 2009 along the North Expressway around Valenzuela area. There was something wrong (kumatok yung makina) as what the mechanic explained. It was a Manual Transmission. Back in 2012, I decided to have it sold since there was a car racer who was really into my car, he wanted to buy it for a higher price. The Lancer was well taken cared of. I even had it repainted in 2008 when I graduated and the mag wheels have also been changed before I had it repainted. Then after selling it for 200k, I decided if I would buy something 2nd hand, Repo or Brand New car. I ended up buying a brand new Accent 2012. Wonder I came up with it? I thought of what I had been through owning a 2nd hand car. Yes, I didn't have to pay for the monthly amortization and insurance but maintenance was very meticulous especially after towing it along the Expressway. Then the Accent lasted until this 2020. A friend needed a 2nd hand car. He wanted to buy my car and I realized ang baba ko pala nabenta for again, 200k coz that was my friend's budget. He needed to have a car coz it's pandemic and he cannot afford to commute from Bulacan to Pampanga for work, everyday. Then I decided to get a brand new Xpander again. This time it's an Automatic Transmission. My Tip: The reason I decided to go for brand new cars in 2012 and 2020 is because of one thing. I use my car everyday. Owning a 2nd hand car or a Repo car is very much okay but, I told myself to save myself from the hustle of being towed again. 😁 Also, before buying a car, make sure you are financially ready. No matter how much you need it or want it, do not get into the responsibility of owning one if you cannot maintain it. Sometimes it's better to wait. Save up first, let that be your goal, your focus on how you will become a more disciplined person by working hard for it. Who knows? The money you have by then may already be enough to pay for at least half of the price of the car when you are very much ready to own either a brand new or a slightly used car. In my case, I just committed myself into paying for everything that comes along with the responsibility of owning a car. It's like raising a child or taking care of a dear pet. That's how I take care of my vehicle. 😊
@CharmdeLeon
3 жыл бұрын
Raffy G thank you for the insight! Great contrast to the video for those who would still prefer a brand new car! ☺️
@MrSuperralph23
3 жыл бұрын
@@CharmdeLeon Actually, it will really depend on the budget. If kaya mo mag brand new, that is for the convenience and assurance that the car is really at its best quality and condition. But if the budget can only really fit a repo or a 2nd hand, why not go for it? After all, that's the role of a mechanic, to hire them and let them assess for us if we decide for a more practical car. And buying a car is really something that is really for necessity and not to show off. Mas maganda pa ding investment ang jewelry and residential houses or vacant lots. At least, their value get higher as they get older. 😊 Thanks for complimenting. ❤️
This is all helpful! Thanks! I wonder if your car already had an insurance when u purchased it from RCBC? 😄 thanks again!
@CharmdeLeon
3 жыл бұрын
It did and you can process the transfer but it can be a hassle and I preferred to get another one together with the transfer of ownership
thanks ma'am !!
It's really nice to hear how you speak! typical cebuana gyud!
Thanks for this!! Sana all beauty amd brains
@CharmdeLeon
3 жыл бұрын
EJ Rizal awwee thank you din! Tayo lahat we can be!
Hi Charm. Thank you for the very informative content. Im planning to buy repossessed car here in Cebu. Can you recommend an agent that has also helped you in buying your repossessed car?
Very informative.. cute din and malinaw magsalita.. nice
yes good info.im planning neither
Thank you! I love you for this highly informative video! Keep up the generosity, ate! 😘 Edit: Waaah you're an architect! 😍
@CharmdeLeon
3 жыл бұрын
Thank you! ❣️✨
Thanks for info. Planning to buy a repo. Car
@CharmdeLeon
3 жыл бұрын
jerry casana yay good luck!
Rwally good information.. planing on buy a SUV when I visit the Philippines
@CharmdeLeon
3 жыл бұрын
Glad it was helpful!
Proud cebuano here. Thanks for sharing!
I remember, u were my classmate sa JPT review center. Thanks u-tube for this random recommended video, it's very useful. How informative ^_^ thanks architect
@CharmdeLeon
3 жыл бұрын
Hi, classmate! Haha glad you found this helpful! (I was always late, mao nang ma ilhan jd)
@jayfavz838
3 жыл бұрын
@@CharmdeLeon i'm sorry, i don't understand Cebuano, i'm from Luzon kasi. hehe anyways,thanks 4 ur reply. Subscribed olready :)
@CharmdeLeon
3 жыл бұрын
Jay Favz oh haha! Anyway, I was always late in class. That’s it 😂
@jayfavz838
3 жыл бұрын
@@CharmdeLeon ahh okay hahaha ^_^ di ko masyado napapansin, sa harap ksi ako nakaupo. hehe Godbless,
@myownopinion6676
3 жыл бұрын
Naging kayo? Bagal mo tol, di pa huli! Oh ano, goodluck sa inyo!
Thank you
I love your content. You could have a CPA friend maybe so you can also consider the potential tax savings you could use to even lower your overall effective cost hehe
Well said idol
@CharmdeLeon
4 жыл бұрын
Zubenelgenubi Libra Alpha thank you, idol haha
Thanks :) ganda