List of Used Cars from PSBank (150+ Repossessed Cars for Sale)

Here is the latest used cars from PSBank. If you are looking for a repossessed car (cars owned by the bank), here is your chance to find a cheap quality used cars.

Take note that this list of PSBank used cars (repossessed cars) are the list for the August 31, 2017. if you are reading this list, be sure to find the latest cars for sale here. Awhile ago we shared the latest repossessed cars of RCBC with a price ranging from one hundred thousand to five hundred thousand pesos only.

Readers of InvestmentTotal.com are getting excited and interested to this blog because of the cars for sale (repossessed cars, pre-owned cars) published here. One good example whereas many people are getting excited is the list of EastWest bank repossessed cars without bidding.  The contents are from different banks researched by the site admin and share it to many Filipino who are looking for used and cheap but quality cars.

List of Used Cars from PSBank (Repossessed Cars for Sale) as of August 31, 2017

Note:  Units are available for viewing from Monday thru Saturday 8:30 am – 5:00 pm.

Bidding Mechanics:

1. All New Arrival Units posted on the corporate website the previous day will be subject to a Special Bidding the following working day from 8:30am-9:30am. Minimum bid price for this is the unit’s
Selling Price. Bids will be tabulated by ARMD at 9:30am and winning bidders will be announced to the participants immediately thereafter.

2. Selling Price Offers are treated on a first-come, first-serve basis and is prioritized over bids below the Selling Price.

3. For bids below the Selling Price, all bids will be turned over to ARMD – PSBank Head Office every Tuesday and Friday and will be opened at 2:00pm of the same day for validation and tabulation .Cut-off time for the submission of bid forms will be at 1:00pm of Tuesday and Friday; when a holiday falls on a Tuesday or a Friday, the tabulation schedule will be moved to the next bid tabulation day.

4. Customer Experience – Business Center shall be the one to award the unit to the winning bidder via phone call or SMS.
5. Bids are considered non-transferable.

6. All winning bidders will be required to settle the required bid amount (for cash buyers) or non-refundable and non-transferable reservation fee of P20,000.00 (for financing buyers) until 4:00pm the same day if awarded between 8:30 AM to 1:59 PM (or until 12:00 noon the next banking day if unit was awarded from 2:00 PM to 5:30 PM).

7. Should a winning bidder cancel a bid upon awarding or fail to settle the required payment within the specified time, PSBank shall forfeit all other bids of the said bidder and nullify subsequent bid offer
for 30 days beginning from the date of cancellation of the first bid.

8. In case of disputes on bid or bid results, PSBank shall have the sole responsibility to decide on the dispute and all decisions made by PSBank related to such disputes shall be deemed final. Release of documents may be requested 7-10 bankings days after release of the unit. Request can be made via our 24/7 Customer Experience Hotline at 845-8888.

There are more than 150 units available for sale. To see the complete list, kindly visit PSBank.com Updated Lists here. To download the bid form, visit this link. I hope you find quality used cars. For more information, kindly visit PSBank Pre-Owned Auto Mart (see address below), any PSBank branch near you, or contact PSBank Customer Experience at (632) 885-8208