Here’s a huge list of repossessed cars from EastWest Bank updated as January 26, 2024. There are 898 vehicles on this list. Details below.
Table of Contents
I found this list of Eastwest Bank pre owned cars for sale (which are actually bank repossessed cars) when I was searching for the latest list of foreclosed properties from EastWest bank.
View EastWest Bank Repossessed Cars List
For easy searching and filtering, you may view the entire EastWest Bank inventory of repossessed cars in my “Classifieds Database” below:
==> Click here to view searchable list with ALL EASTWEST BANK REPOSSESSED CARS (Database)
Auction vs Outright Sale
I noticed they sell these cars via auction or outright sale.
For the cars/vehicles for sale via auction, the deadline for bids is on January 31, 2024 (Wednesday) at 5:30pm.
==> Click here to view list of vehicles for sale via auction
For the rest of the cars that can be purchased via outright sale, you don’t need to bid, you just have to submit an offer. This is on a “first-come, first-served” basis.
==> Click here to view list of cars available via outright sale
View/Download Eastwest Bank Repossessed Cars List w/ Guidelines(PDF)
List as of January 26, 2024
==> Click here to download the list of EASTWEST Repossessed Cars (PDF)
EastWest Bank Repossessed Cars Warehouse list
To check the actual condition of the cars for sale, you will have to personally visit EastWest Bank’s warehouses, located all over the Philippines. See below:
By the way, they also refer to these as “Eastwest Bank pre owned cars“.
You must first identify the car(s) you are interested in, and then take note which warehouse it is located at. Or, you can just choose from the available cars in the warehouse you can visit.
If you are interested in a car that is in a warehouse located far away from you, you will really have to spend time/money/effort to go there.
The list of warehouses and their corresponding locations (with links to google maps) and schedules for viewing are included with the list above.
Can you test-drive the repossessed cars for sale?
No, you cannot test-drive any of the repossessed cars from EastWest Bank. However, you are allowed to inspect the car which includes starting the engine.
Let me quote the guidelines from EastWest Bank below:
“During inspection, viewers may get inside the car, check trunk, hood, compartment box, and start the engine.”
Furthermore:
“Viewers are allowed to bring their own fuel and/or battery in case the chosen unitโs tank is empty or battery is discharged.”
Lastly:
“In case of refueling, ensure that the correct fuel type (gas/diesel) is used”
I highly suggest that you bring a trusted mechanic with you when you inspect the car to help you check if the car is in good condition.
What are the payment terms? Is financing available?
As usual, you can either pay in cash or get financing through a car loan, which they also offer to winning bidders as mentioned on this page on EastWest Bank’s website.
You can also check the auto loan interest rates and requirements on this page, which also states that the minimum downpayment required is 20%.
How to buy repossessed cars from EastWest Bank
- Choose a vehicle to purchase from the List of Vehicles For Sale
- Submit your offer/s or bid/s before deadline through Messenger (https://www.ewlend.com/auction) or via email @ [email protected]
- Wait for an email or SMS confirmation from EastWest Bank
What you see above is just a summary. See below complete info for viewing and how to avail.
Source: EastWest Bank website
Pre-owned Cars, Repossessed Cars, Foreclosed Cars… what’s the difference?
Eastwest Bank refers to their vehicles for sale as pre-owned cars, but these can also be referred to as bank repossessed cars, or even foreclosed cars.
They are basically cars/vehicles that got repossessed due to non-payment of their car loan.
Eastwest Bank Contact Info
Contact Details: | |
Email: | [email protected] |
Contact Nos. | 0999-8857507 / 0908-8936456 |
Note: Monday โ Friday, 8:30AM to 5:30PM, excluding holidays |