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Various objects can be repossessed, including boats and aircraft, but most repossession agencies focus on car repossession. The repo agent normally uses a tow truck or pickup truck with a special towing attachment called a boom. They also may obtain the key from the car owner. Usually, the vehicle owner must be notified of a repossession.
If you owe $12,000 on the loan, for example, and the lender sells your repossessed car for $8,000, the $4,000 difference — as well as any associated fees and costs — are called the deficiency ...
Repossessed: vehicles can be voluntarily or involuntarily repossessed by financial institutions for several reasons, including late payments, undisclosed past credit issues, or failure to maintain full coverage insurance. Auto auctions are the most common method of disposing of repossessed vehicles.
The CARS Program was implemented by the Department of Trade and Industry in order to attract and encourage new car companies to produce vehicles in the Philippines [15] and stimulate demand and impose industry regulations that will restore the country's automotive industry, and make the country a regional automotive manufacturing hub, [16] and ...
Delta Motor Corporation was a former automobile company established by Ricardo C. Silverio Sr. in the Philippines. [2] It operated under a technical tie-up with Toyota Motor Corporation of Japan, [3] but also produced its own range of small off-roaders called the "Delta Mini Cruiser". Delta was founded in 1962 and continued to be Toyota's local ...
The company grew into a multimillion corporation that produced the majority of jeepneys in the Philippines. At its peak, the ratio of Sarao jeepneys rolling the streets of Manila outnumbered other brands by almost 7 to 1, making the Sarao name synonymous with the vehicle. [2] Jeepney factory 1988 Sarao Jeepney in Southward Car Museum, New Zealand
The Car Awards Group, Inc., the prestigious association of Philippine motoring journalists, will reveal the next vehicle to be crowned as the 2012-2013 Car Of The Year Philippines. Russ Swift Stunt Show precision driver and the Subaru vehicles, die-cast miniature display, sponsors of automotive selections and more exhibitions.
The 3rd Philippine International Motor Show at the World Trade Center from August 19–22, 2010. All 15 CAMPI members will be there with their respective brands, from European nameplates like Audi, BMW, Mercedes Benz, Porsche and Volvo to familiar Japanese marques like Honda, Isuzu, Mitsubishi, Nissan, Suzuki, and Toyota.
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