How to purchase a used car
1
Choose your car. Browse our list of used cars. You may view the cars in person by visiting our showrooms to fully inspect them prior making offers. For further inquiries on a specific unit, you may click the Inquire button.
2
Offer on the cars online under *Buy Now every Monday/Tuesday or under the weekly bidding from Wednesday to Sunday.
*BUY NOW PAGE:
Buy Now – Auto | Security Bank Philippines
3
Wait for confirmation. Buy Now Offers are provided feedback within 1 banking day while the weekly bidding cut-off is every Sunday and results are announced 3 banking days after the cut-off.
4
Provide payment and requirements.
5
Drive your car. Congratulations! Your car will be available after the successful transaction.
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Hear from our clients
How to refer and earn commission
1
In the online offer form, when the client is asked “Were you referred?”, please choose Yes.
2
Under Referral Information of the offer form, please provide the referrer’s name, phone number, and email address.
3
We will get in touch with the referrer once the sale is completed.
4
Commissions may be claimed as early as 2 weeks after the sale is completed. Read the full information for referral eligibility here.
Easy steps upon receipt of award notice
Used cars showrooms
Las Piñas
Las Piñas
Tagaytay
Laguna
Cebu
Cebu
Davao
Davao
Bulacan
Frequently asked questions
What are Used Cars?
Used Cars or Bank-Repossessed Cars are vehicles that came from the Bank’s Auto Loan Borrowers who defaulted in their loan obligation.
What car brands are available in your warehouse?
There are affordable and high-quality used cars for sale available from popular car brands such as Subaru, BMW, Toyota, Mitsubishi, Ford, Hyundai, Nissan, etc. Check out the full list of available cars here. Please note that the availability of the units listed is subject to change without prior notice. The roster of available units is updated weekly.
Are the vehicles for sale in good condition?
Car conditions may vary per unit. To assure quality, cars may be viewed in our showrooms.
What is the Minimum Bid Price?
The minimum bid price is the lowest acceptable offer under the weekly bidding process
How do I make an offer/bid?
You can make an offer for the “Buy Now” units every Monday and Tuesday by clicking the “Buy Now” button located at the lower right corner of the specific unit interested in. The bids can be made for units under the weekly bidding every Wednesday to Sunday by clicking the “Make Offer” button located at the lower right corner of the specific unit interested in or by filling up the forms and submitting the same to our branches and or via email of [email protected] on or before the Sunday deadline (weekly). Please ensure that when submitting manual forms an acknowledgement is sent by ROPA Auto Sales, no acknowledgement means non-receipt.
What happens if my offer is below the Minimum Bid Price?
All offers will be part of the weekly tabulation wherein the highest offer received shall be awarded of the unit. If the highest bidder decides not to pursue the unit, then the Bank shall re-award it to the 2nd highest bidder, up to the 10th highest acceptable bid. If the unit remains unsold, the unit will be part of another sale via a different channel.
When will I get notified of the results of my bid?
The Buy Now happens every Monday and Tuesday and the result of the offer under this program is released to the buyer within 1 banking day. For the weekly bidding, cut-off is every Sunday and the results are announced 3 banking days thereafter.
If my mode of payment is Auto Loan, do I apply for an Auto Loan?
Please wait for the awarding confirmation before applying for an Auto Loan. Kindly note that units under the “Buy Now” program are not eligible for an Auto Loan.
How do I provide payment?
For Cash Sales, full payment should be made within 2 banking days upon award notification from Security Bank. Employees of Security Bank applying for their car plan benefit will be considered under Cash Sales. For LOG/Auto Loan, you must submit the LOG within 10 banking days. If you fail to complete the transaction within the said period, the deposit is forfeited and the Bank will return the car in the available for sale pool.
How do I find out if a unit is available?
Availability of units listed is subject to change without prior notice. The roster of available vehicles is updated weekly. The client agrees with the quality and condition of the unit before submitting the offer.
Can I offer multiple times for the same unit?
Yes, but offers of bidders with up to first degree of consanguinity, including common-law spouses, shall be considered as one offer. The Bank will capture only the highest offer.
What is the difference if I pay in cash or auto loan?
For cash payments the amount to pay is the awarded selling price of the unit plus notarial expense ranging from 500-1,000 depending on selling price. The processing of the cancellation of mortgage and transfer of registration shall be handled by the buyer as new owner upon release of documents. For Auto Loan the following cash-out will be required that will cover the transfer of registration:
- 30% down payment
- Insurance coverage
- Chattel mortgage fees that may range from 40,000-50,000 depending on the registration of the unit