In the world of auto loans, the bank giveth and the bank taketh away: If you can’t pay for a car, best put that dream on hold until you have the means to actually afford a set of wheels. Otherwise repossession comes into play, leaving you with no ride and messed-up finances, too.

ADVERTISEMENT - CONTINUE READING BELOW

On that note, one man’s financial irresponsibility can become a bargain for another.

“Some may have the impression that just because repossessed cars are pre-owned, they are worn out,” says Fitz Chee, head of Buena Mano, which offers financing services for pre-owned and repossessed vehicles. “It is worth noting that a typical car-loan period can span anywhere from one to five years, and as such, repossessed cars are fairly new, and mostly in good condition.”

Chee added: “Clients experience a bargain-hunters’ gain. We continue to improve our processes to make sure car ownership is fast, affordable, and easy for our clients.”

According to Buena Mano, individuals can save as much as 30% buying pre-owned or repossessed units instead of brand-new ones. It adds that customers are guided through the entire car-buying process, and assisted when assessing the physical condition and paperwork of a unit before purchasing.

The prospect of finding a repossessed car in ideal condition makes visiting the company’s stockyard a very tempting proposition. Would you considering buying one for your family instead of a brand-new unit?

ADVERTISEMENT - CONTINUE READING BELOW

More From FemaleNetwork.com

This story originally appeared on Topgear.com.ph.

* Minor edits have been made by the Femalenetwork.com editors.

Get the latest updates from Female Network
Subscribe to our Newsletter!
View More Articles About:
Cars Money Tips Bargains
Comments

Latest Stories

Iza Calzado Wishes She Had Her Eggs Frozen Earlier

The actress reveals why she isn't entertaining the idea of motherhood yet.

25 Words You Might Still Be Misusing

Think you are using a word that means one thing, only to find it means something else entirely? Get the lowdown on some common errors right here.

6 Beautiful Antipolo Churches to Go to for Visita Iglesia

Visita Iglesia with a view and relatively less traffic? Head East towards Antipolo City!

What are Hooded Eyes, and How to Apply Makeup on Them

Hooded eyes are natural, but it can be sometimes be a challenge to put makeup on them.
Load More Stories