<h2 class="h2-title">How Photographs Can Be Helpful?</h2>
<p>Taking photos in a car accident is a great way to preserve evidence. Car insurance providers need some evidence to the accident you are involved in so that they can assess how much they must pay for your insurance claim. When you're talking to the insurance provider, testifying in a deposition about a car accident, images like these can also help you remember things more clearly.</p>

<h2 class="h2-title">Any Camera Will Do</h2>

Remember that your goal is to preserve evidence, not to win photographic contests. In other words, you don't need to keep a camera in your glove compartment; any kind of camera will do. Cellphone cameras are getting more and more advanced, and many of them come with an integrated flash. An additional choice is a disposable camera. Make sure the time/date stamping feature is turned on in whichever camera or gadget you're using if it has that capability.

<h2 class="h2-title">Capture the Details</h2>

<p>The ideal way to document the details of the damage brought on by an accident is to take several different types of images with your camera, but even without that, you should capture significant details as evidence including:</p>
<ul>
  <li>your car, the damage it sustained</li>
  <li>the other vehicles involved in the accident, and the damage they sustained</li>
  <li>any visible bodily injuries to you, your passengers, and the other parties (if possible and consented to)</li>
  <li>the accident scene</li>
</ul>
<p>Be sure to take photos from different angles and distances.</p>

Being in a car accident is already a stressful situation, especially if both your car and the other vehicle(s) were damaged. Even though you hope to avoid it in the future, if you're purchasing car insurance, you should be aware that capturing quality photos of an accident is crucial for filing an insurance claim for your vehicle.

How to take photos of a car accident to use as evidence for insurance claims?

Consider these top 10 websites in the Philippines to submit your listings on the web to help you steer your car dealing business online. You can weigh their advantages and disadvantages, as well as the features that will benefit site visitors, including you as the business owner.

<h2 class="h2-caption">1. Philvex.com</h2>
<img src="https://res.cloudinary.com/philvex/image/upload/v1653633052/blog/20220527/philvex-logo_pd38pm.webp"  style="width: 300px; height: 75px" alt="philvex-logo"/>

<p><em>Philippine Vehicles Exchange (PhilVex)</em> is a free classified ads website for automobiles that provides the latest technology for car shopping online. For those buyers who prefer to use MAPS while still being able to use classic search methods like <a class="a-link" target="_blank" href="https://philvex.com/cars-for-sale">lists</a>, then this website is for you. This platform utilizes map functionalities for searching both new and used cars online.</p>

<p>If you're looking to buy a new car, PhilVex has a map feature called the <a class="a-link" target="_blank" href="https://philvex.com/new-car-dealerships-map-locator">new car dealerships locator</strong></a> that allows you to easily search among the hundreds of official new car dealerships in the Philippines that have joined the network. Pricing, active listings, and special offers, are among the information that you can get while enjoying this tool. You may compare the pricing and promos of car dealerships to find the best deal for you. </p>

<p>You can also look for official sales agents who have registered and are linked with a specific car dealership if you require expert assistance. If you prefer to look directly for the top sales agents in your area with good ratings, you can utilize its <a class="a-link" target="_blank" href="https://philvex.com/sales-agents-map-locator">sales agents locator</strong></a>.</p>

<p>PhilVex also has a <a class="a-link" target="_blank" href="https://philvex.com/used-car-dealerships-map-locator">used car dealerships locator</strong></a>, a version of a map locator for buyers who prefer pre-owned, and slightly used autos.</p>

<p>If you want more flexibility while searching for new and used vehicles in your area, you may use its <a class="a-link" target="_blank" href="https://philvex.com/search-on-map?nearby=true" >find cars on maps</a> tool, which allows you to filter by make, model, price, and other specifications.</p>

<p><a class="a-link" target="_blank" href="https://philvex.com/car-insurance">Car insurance</a> and <a class="a-link" target="_blank" href="https://philvex.com/auto-loan-application">auto loan</a> applications are among the services that can quickly be availed through Philvex.</p>

<h2 class="h2-caption">2. Autodeal.com.ph</h2>
<img src="https://res.cloudinary.com/philvex/image/upload/v1653632720/blog/20220527/autodeal-com-ph-logo_enwgnj.webp"  style="width: 300px; height: 50px" alt="autodeal-logo"/>

<p>Autodeal.com.ph is a leading platform for buying and selling new and used cars in the Philippines. The website allows users to search for cars based on make, model, price range, and location, and provides a variety of tools and resources to help users make informed decisions about their purchases. In addition to listings for new and used cars, the site also offers information on financing and insurance options, as well as tips and advice for car buyers and sellers. </p>

<h2 class="h2-caption">3. Zigwheels.ph</h2>
<img src="https://res.cloudinary.com/philvex/image/upload/v1653632720/blog/20220527/zigwheels-ph-logo_nn4xhe.webp"  style="width: 300px; height: 60px" alt="zigwheels-logo"/>

<p>Zigwheels.ph is a car website that provides the latest automotive news, reviews, and features in the Philippines, as well as tools and resources for car buyers. The site covers a wide range of topics, including new car releases, automotive trends, and motoring events, and offers resources such as car comparisons and a car loan calculator to help users make informed decisions about their purchases.</p>

<h2 class="h2-caption">4. Philkotse.com</h2>
<img src="https://res.cloudinary.com/philvex/image/upload/v1653632720/blog/20220527/philkotse-com-logo_kwzety.webp"  style="width: 300px; height: 130px" alt="philkotse-logo"/>

<p>Philkotse.com is a comprehensive car website that offers a variety of resources for car buyers and enthusiasts in the Philippines. In addition to car listings, the site features car reviews, news, and features on a variety of topics, including new car releases, automotive trends, and motoring events. Users can also find information on financing and insurance options, as well as tips and advice for car buyers and sellers.</p>

<h2 class="h2-caption">5. Carousell.ph</h2>
<img src="https://res.cloudinary.com/philvex/image/upload/v1653632720/blog/20220527/carousell-ph-logo_su375w.webp"  style="width: 300px; height: 70px" alt="carousell-logo"/>

<p>Carousell is an e-commerce website for various products including cars, gadgets, apparels, and many more. Formerly known as OLX, carousell offers a wide variety of features to a smooth transaction including chats to buyers and notifications. With an average of 4.1 million monthly visitors, it is considered as one of the e-commerce giants in the Philippines.</p>

<h2 class="h2-caption">6. Carmudi.com.ph</h2>
<img src="https://res.cloudinary.com/philvex/image/upload/v1653632720/blog/20220527/carmudi-com-ph-logo_ybvay4.png"  style="width: 300px; height: 120px" alt="carmudi-logo"/>

<p style="margin-top: -20px">Carmudi.com.ph is a classifieds website that specializes in new and used cars. It features a wide range of car listings from dealers and private sellers, and allows users to search for cars based on various criteria such as make, model, price range, and location. The site also offers resources and tools to help users make informed decisions about their purchases, including car reviews, financing and insurance options, and tips and advice for car buyers and sellers.</p>

<h2 class="h2-caption">7. Automart.ph</h2>
<img src="https://res.cloudinary.com/philvex/image/upload/v1653634215/blog/20220527/Automart-ph-logo_kxyfvv.webp"  style="width: 300px; height: 80px" alt="automart-logo"/>

<p>Automart.Ph is a popular destination for those looking to purchase a repossessed or used car in the Philippines. The website offers a large selection of affordable vehicles and has partnerships with major banks in the country, providing customers with access to a wide range of repossessed cars at discounted prices. Automart.Ph also has a team of professional sales advisers available to assist customers during the buying process. In addition to being an online platform, the website has physical car lots located in several cities in the Philippines, where customers can visit and view available vehicles in person.</p>

<h2 class="h2-caption">8. Usedcarsphil.com</h2>
<img src="https://res.cloudinary.com/philvex/image/upload/v1653634349/blog/20220527/usedcarphil-logo_imjwsk.webp"  style="width: 300px; height: 90px" alt="usedcarsphil-logo"/>

<p>Usedcarsphil.com is a platform for buying and selling used cars in the Philippines. The website allows users to search for cars based on make, model, price range, and location, and provides a variety of tools and resources to help users make informed decisions about their purchases. In addition to listings for used cars, the site also offers information on financing and insurance options, as well as tips and advice for car buyers and sellers.</p>

<h2 class="h2-caption">9. Tsikot.com</h2>
<img src="https://res.cloudinary.com/philvex/image/upload/v1653632720/blog/20220527/tsikot-com-logo_f9jeeh.webp"  style="width: 300px; height: 90px" alt="tsikot-logo"/>

<p>Tsikot is a comprehensive car website that allows users to buy and sell new and used vehicles, including cars and motorbikes, as well as auto parts, in the Philippines. The website features an intuitive search function that enables users to easily find the vehicles they are interested in by filtering their searches based on various criteria, such as keyword, condition, make, model, body type, price range, and location. In addition to its car listings, Tsikot also offers a variety of services related to cars, including engine repairs, towing and auto transportation, body and detailing, car insurance, and financing.</p>

<h2 class="h2-caption">10. Philmotors.com</h2>
<img src="https://res.cloudinary.com/philvex/image/upload/v1653632720/blog/20220527/philmotors-com-logo_mdo81y.webp"  style="width: 300px; height: 80px" alt="philmotors-logo"/>

<p>Philmotors is another one of the pioneers of the automotive websites in the Philippines. It offers free of charge car listings. That is why it is considered as one of the most visited sites when it comes to automotive listings.</p>

<p>Since the COVID-19 outbreak began in December 2019, the car-dealing industry has been one of the hardest hit. Travel restrictions and intermittent lockdowns have hampered business-as-usual onsite visits, preventing clients from visiting your business.</p>
<p>Being visible online as a car dealer business owner is the most efficient strategy to adopt market behavior and reach the market. The majority of individuals nowadays use the internet to research items and services they wish to purchase. So take advantage of this opportunity to position your company online.</p>

Top 10 Best Websites to Buy and Sell Cars in the Philippines - 2023 Ranking

<p><em>Assume balance</em>, also known as <em>pasalo</em>, is a type of sale in which a car with an existing auto loan is sold to the buyer on the condition that the buyer assumes responsibility for continuing to pay the monthly amortization until the loan is paid off in full. It's basically selling the vehicle even if the loan isn't completely paid off. </p>
<p>In this arrangement, the buyer pays a lump sum based on the car's condition, market value, and total paid monthly amortization. This amount is often much lower than the traditional down payment for financing, making it more appealing. Following payment, the buyer then assumes the responsibility for paying the remaining monthly amortization. Though banks discourage this practice, it has become popular despite the fact that auto loans are not assumable per se, making the transaction becomes illegal.</p>
<p>However, what makes the transaction legal is when the seller (or the car owner with an existing auto loan) seeks permission from the lender to arrange such a transaction in order to avoid defaulting on the auto loan. If the lender agrees, the buyer will be subjected to the same credit investigation. They must also submit the same documentation as the original borrower did.</p>

<h2 class="h2-title">Is the assume balance safe?</h2>
<p>Though the "assume balance" is a win-win solution for both the seller and the buyer, as well as the bank, there are some risks associated with this arrangement.</p>
<p>On the <strong>seller’s side</strong>, it is important to seek permission from the lender before entering this transaction as the lender may sue you legally for selling and removing the vehicle from your premises without their consent because it violates the Chattel Mortgage Agreement, and you'll be the one who ends up with a bad credit rating if the buyer fails to make the monthly payments. As long as you obtain consent, the lender will go after the buyer instead of the seller once the buyer defaults on the monthly amortization.</p>
<p>On the <strong>buyer’s side</strong>, it is also important to have the lender’s consent as the vehicle can be legally sold to you. To protect your purchase, sign a Deed of Absolute Sale, but make sure it mentions that the vehicle is still mortgaged to the lender and the payment terms. This will allow you to keep ownership of the unit, subject to the lender mortgage, which means you'll assume the seller's remaining loan obligation. Furthermore, instead of sending monthly payments to the seller, agree to pay the bank directly, if possible, thus the payment is not dependent on the seller’s will.</p>
<p>Is it still worth it to enter an "assume balance" sale? Yes, but make sure you comply with all legal requirements. A simple contract of sale will not save you; if it breaches the law, it will be unenforceable in a court of law. Prior to closing the deal, both buyers and sellers must exercise due diligence. It will be safe and lawful as long as you receive the lender's approval with the relevant documentation.</p>

<p>Car owners who are unable to keep up with the monthly amortization of their auto loan would opt for someone else to shoulder the payment of the vehicle instead of losing money when the bank or financial institution exercises its right to repossess the vehicle. They'd rather enter into an "assume balance" arrangement or what they call "pasalo" in the hopes of recovering a portion of the paid monthly amortization. But what exactly is this scheme all about?</p>

What is assume balance or pasalo? Is it safe?

<p>We all know that the covid-19 pandemic has been striking our economy since December 2019, forcing businesses to reduce their workforces or, in the worst-case scenario, shut down operations due to lockdowns and quarantine restrictions. When the pandemic hit, car owners were among the most affected, as their payments were halted. Even though the economy is slowly getting back to normal, many of them are still having trouble repaying their auto loans, and others have already defaulted.</p>
<p>Once you miss payments on your auto loan, expect your creditor to charge you late fees. Furthermore, your creditor will likely charge you interest (normally 5%) on the overdue amount that has accumulated. It can also impair your credit history, making it more difficult for you to secure loans in the future, even if they are unrelated to car purchases. Though creditors do not automatically repossess your vehicle after missing one payment, or even after the three (3) month grace period (which varies by creditors), you still have a chance to avoid having your vehicle repossessed.</p>


<h2 class="h2-title">What options do you have to save your car from being repossessed?</h2>

<p>As previously mentioned, you still have options to save your car from being repossessed by your lender, including:</p>
<ul class="ul-margin1">
  <li><strong>Make up for payments that were missed</strong>. If you can still catch up on missed payments, it is better to review the loan contract you signed. Loan terms may vary between banks and other financing companies, some consider default if you missed payment by just one day while others provide you a longer grace period.</li>
  <li>
    <strong>Car loan refinancing</strong>. In a car loan restructuring or debt restructuring per se, you must negotiate with your bank to modify the terms of your auto loan in order to reduce the burden of repayment, provided that you promise to be able to repay the auto loan after restructuring. This could involve modifying your payment schedule, offering you a longer grace period, or even adjusting your interest rates. 
    <div><p class="related-article"><strong>Read</strong>: <a class="a-link" target="_blank" href="https://philippinevehiclesexchange.com/blog/car-loan-refinancing-and-its-benefits">What is auto loan refinancing? How would you benefit from it?</a></p></div>
  </li>
  <li><strong>Trade in your car at the dealership</strong>. Consider trading in your car for a cheaper model if you’re still able to make payments but with a reduced monthly amortization. In this way, the value of your car (after deducting depreciation) will offset the value of the cheaper model. While the more affordable model you choose may result in lower subsequent payments, the negative equity created by your old loan being applied to the new loan may result in higher payments. It depends on what you and the dealer can agree on.</li>
  <li>
    <strong>Assume balance or “pasalo”</strong>. This option requires you to find someone willing to take on the responsibility of repaying the auto loan balance in exchange for money, with the goal of recovering a portion of the loan payments. It's the same as selling a car that hasn't been fully paid for. You can list your car online through a dealer, auction, or classified car website such as <a class="a-link" target="_blank" href="https://philippinevehiclesexchange.com/">PhilVex</a>.
    <div><p class="related-article"><strong>Read</strong>: <a class="a-link" target="_blank" href="https://philippinevehiclesexchange.com/blog/what-is-assume-balance-or-pasalo-car-is-it-safe">What is assume balance or pasalo? Is it safe?</a></p></div>
    </li>
</ul>

All these options may be considered to help your financial recovery. With that said, make sure that you have enough emergency funds before considering purchasing a brand-new car through financing as this will avoid you from missing the monthly amortization.

<p>When you opt to finance your brand-new car, you assume that you’re financially capable of paying the monthly amortization, especially if you have a steady monthly income. However, there are some instances that you might experience financial difficulties as a result of uncontrollable circumstances such as the covid-19 pandemic.</p>

How to take photos of a car accident to use as evidence for insurance claims?

The best approach to describe the scene of a car accident and preserve visual evidence for your insurance claim is through photos.

How Photographs Can Be Helpful?

Any Camera Will Do

Capture the Details

Top 10 Best Websites to Buy and Sell Cars in the Philippines - 2023 Ranking

What is assume balance or pasalo? Is it safe?

What would happen if you defaulted on your auto loan?

How to take photos of a car accident to use as evidence for insurance claims?

The best approach to describe the scene of a car accident and preserve visual evidence for your insurance claim is through photos.

How Photographs Can Be Helpful?

Any Camera Will Do

Capture the Details

Why car insurance is so important in the Philippines? Car owners must know

How to keep yourself off from blind spots to avoid accident when driving?

Top 10 Best Websites to Buy and Sell Cars in the Philippines - 2023 Ranking

What is assume balance or pasalo? Is it safe?

What would happen if you defaulted on your auto loan?