Car Loan via Assume Balance Payoff or Impounding - A New Way to Stay Out of Replevin Case and Respossession of your Auto

One of the worst dilemma of a car buyer who opted in for car financing or mortgage loan with banks or financing companies is repossession. When this happens, it's your worst nightmare on the way to coming true. The reason is because you will end up with at least 2 court cases - replevin case and BP-22 case. In the Philippines this is 2 of the worst financial case you won't want to end up with. The reason is because if you have either under your name, chances are, you won't be able to qualify for many types of collateral and non collateral loan anymore.

Car Financing Loan - Processing and How to Lower Monthly Amortization Premium Payment Through Refinancing

Car Refinancing Without Taking Your Car

Car financing in the Philippines has always been the best way to acquire your dream car if you don't have cash on hand to pay for the full amount. Whether it's a brand new auto or used / second hand car, it doesn't really matter for as long as you can arrive at the lowest possible interest rate, low initial down payment and low monthly payment premium amortization.