BDO pre-owned Auto Fair (September 10 to 26, 2010)

Last September 10, 2010, me and my husband went to the BDO car depot.  This is located at No. 63-65 Howmart St. Road Baesa Quezon City. We heard that they have this BDO pre-owned Auto Fair from September 10 to 26, 2010. Pre-owned means foreclosed vehicles by BDO bank. We were considering to buy a car because there is a possibility that we have to return back the car that we are using to my father in law.

Before going there, you might want to check out the list of vehicles for sale at this site.
http://www.bdo.com.ph/assetsforsale/properties_sale_cars.asp
We had a list at hand, and went there as early as we can last September 10.

There were so many pre-owned cars of different models, brand and year at the depot. You can choose from a wide selection of Toyota, Nissan, Mitsubushi, Honda, Hyundai, Kia, Chervolet, Ford, BMW.  Though there were some expensive cars that we saw, like a Ford Expedition, BMW sedan, a couple of SUVs, most of them were mid level cars.

Our prospects includes the following
1. Toyota Avanza 1.5G A/T Gas,  Year 2007, 49T Mileage, Scarlet Fury color, P499,000
2. Hyundai i10L GLS A/T Gas,  Year 2009, 13T Mileage, Champagne Gold, P389,000
The process includes bidding at their office.
If you bid at the exact price indicated in the list and you're the first one to bid, most likely the car will be awarded to you. You can also bid lower than the indicated price but it will depend on how many interested parties there is. Cash payment will be more prioritized than loans.
The loan interest is peg at 25.65% for 24 months and 16.85% for 18 months but this rate is  for the promo only. (Normally, a 24 months loan is set at 27% interest)