BID FORM

PSBank Pre-Owned Auto Mart

86 E. Rodriguez Jr. Ave.
Libis, Quezon City

Date:
Time:

Areas with asterisks are required information. Please completely fill out.
*Offered Price (Amount in words): _________________________________________________________
*Details of Unit:

PhP (______________________)

Year Model / Unit Type:

Plate No.:

*Mode of Payment:

[ ] CASH

[ ] FINANCING

CARPLAN

Down Payment (Minimum of 20%)

Balance (months to pay)
[ ] 12 mos.
[ ] 18 mos.
[ ] 24 mos.

[ ] PSBank
[ ] 36 mos.

[ ] 48 mos.

[ ] MBTC Group

Bidder's Data:
*Name:
*Present Address:

Permanent Address:

*Date of Birth:

*Place of Birth:

*Tel. No.:

*Nationality:
*Mobile No.:

*TIN/Driver's License/SSS/Passport #:

Date & Place Issued:

*Years in Business/Employed: ___________________ *Monthly Income:

*Employment:

[ ] Employed: Name of Employer: _________________________

Nature of Work: ________________________

[ ] Businessman: Nature of Business:

[ ] OFW / Seafarer: Name of Agency:
[ ] Car Dealer

*Source of Funds
Salary
Business

Remittance

*Purpose
Personal

Others

Signature over printed name

[ ] Approved by: _________________________

To be filled-out by PSBank:
Checked by:
Reviewed By:

*Signature:
Business

Date:
Date:

[ ] Disapproved by: _______________________

Reason: [ ] Not Acceptable [ ] Disqualified

I/We hereby acknowledge and accept the following terms and conditions as follows:
1.
That the abovementioned motor vehicle, hereinafter referred to as unit is being sold on "as-is-where-is" basis;
2.
That the subject unit's registration in the Land Transportation Office may not be updated;
3.
That after having made a reasonable inspection and examination of the abovementioned unit, its physical condition , documentation and history, I/We am/are satisfied therein in all respects;
4.
That in the event my bid to buy the unit is accepted and approved by the Bank, the said right to purchase is exclusive and non-transferable;
5.
That the term of payment is may be on cash basis, via refinancing through PSBank or via Carplan of PSBank or any member of the Metrobank Group.
6.
That the full payment must be settled within 24 hours (during working days) for Cash Buyers. Refinancing buyers must also adhere to the 24-hour deadline to settle their non-refundable
and non-transferable P5,000.00 Reservation Fee and apply for a PSBank Auto Loan at the same time. Failure to settle the reservation fee or the full amount shall automatically result in the
cancellation of the bid and forfeiture of my/our right to purchase the unit;
7.
That I commit to make my contact numbers (indicated above) open and available at all times during the bid tabulation date and thereafter. Failure to do so may result in non-notification and
eventual forfeiture;
8.
That all Documentary Tax, Value Added Tax (if any), Transfer Tax, Notarial Fees and expenses for the preparation of the Deed of Sale and relevant documents; expenses/fees for the
cancellation of previous ownership, corresponding transfer, and renewal of registration (if applicable) in my/our favor, as well as other taxes and fees as may be imposed by law shall be for
my/our account;
9.
That the Bank shall execute/issue the Deed of Absolute Sale and release the unit upon availability of full payment for the unit (for Cash Buyers) or upon clearance of my/our loan proceeds
(for Refinancing Buyers)
10.
That I/We am/are required to submit my/our offer in a sealed bid following the mechanics stated below.
Bidding Mechanics:
1.
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 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.
2.
Customer Experience - Business Center shall be the one to award the unit to the winning bidder via phone call or SMS.
3.
Bids are considered non-transferable.
4.
All winning Cash bidders will be required to settle and pay the required bid amount within 24 hours from the time that the unit was awarded to the client (or the next banking day if unit was
awarded after banking hours of Friday or if the next day is a holiday). Likewise, for winning bids to be availed through financing, clients are also required to settle the non-refundable
and non-transferable reservation fee of P5,000.00 within 24 hours from the time that the unit was awarded to the client (or the next banking day if unit was awarded after banking hours
of Friday or if the next day is a holiday).
Cancellation of bids upon awarding shall prohibit the bidder to place another offer for a period of 30 days from the date of cancellation of the first bid and will nullify all other
5.
existing bids.
6.
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.
7.
Release of documents may be requested 7-10 bankings days after the date of full settlement. Request can be made via our 24/7 Customer Experience Hotline at 845-8888.
ver. 2015.5.27