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?

Here are a few pro tips on how to sell your car in the Philippines:


<h2 class="h2-title">1. Prepare the necessary documents</h2>

One of the top priorities a potential buyer needs is the complete and valid papers of your vehicle. This includes:

<ul>
  <li>Official Receipt of Registration (OR)</li>
 <li>Original Copy of the Certificate of Registration (CR)</li>
 <li>Absolute Deed of Sale <em style="font-size: 14px;">(will be prepared once the transaction is closed)</em></li>
 <li>Notarized Transfer of Title</li>
 <li>Original LTO Plate Numbers</li>
 <li>Motor Vehicle Clearance Certificate from HPG</li>
 <li>Endorsement to the insurance company for the new owner</li>
 <li>Record of and/or receipts for repairs and maintenance, and accessories</li>
</ul>
	
Each document is vital. No matter how good your car condition is, if there’s a problem with any of the documents, you may find a hard time selling it. 


<h2 class="h2-title">2. Get the car inspected</h2>

<p>Make one last maintenance to your car ahead of selling it. Potential buyers may want to test drive a vehicle to check if it is working fine before making a final purchase decision. Take your car to the auto shop and get it thoroughly examined to make sure it is free from hidden defects. That way, you can fix the problems that might otherwise push you to sell the car at a lower price due to these defects. </p>

<p>Once your car is inspected, you can ask the mechanic about its market value before and after getting fixed. This will give you an initial idea of pricing your vehicle for the market.</p>


<h2 class="h2-title">3. Spend time researching the car’s price</h2>

It is difficult on your part to decide the price of a used car especially when it is your first time. Sometimes, the initial idea of your auto mechanic is not enough. Spend some time researching the car’s market value. You can visit various online platforms, such as <a class="a-link" href="https://philvex.com" target="_blank">PhilVex</a> and Carousell, and get the average price of the same unit that you are selling. Some of the important parameters that are usually considered when estimating the car’s value would include model year, mileage, fuel type, transmission, and accident history.


<h2 class="h2-title">4. Decide How to Sell</h2>

There are plenty of ways on how to sell your used car. You can sell it directly to a dealer, a private buyer, or through an online classified website. 

<p style="font-size: 16px; font-weight: bold; opacity: 0.8">Selling through a dealer</p>

You must know when you decide to sell it to a car dealer, expect that its price is lower than on a private and classified website. Of course, they need to earn on their business and the benefit of selling your car through them is less hassle and is easier than on a private and classified website. So, it’s up to you.

<p style="font-size: 16px; font-weight: bold; opacity: 0.8">Selling through classified websites</p>

You can opt for an online trading platform for selling your car. Online trading portals are emerging as a preferred destination for many car sellers. It provides an end-to-end solution for car buying and selling needs. <a class="a-link" href="https://philvex.com" target="_blank">PhilVex</a> is one such online platform that offers a great experience to the users. It uses the latest technology, such as <a class="a-link" target="_blank" href="https://philvex.com/search-on-map?nearby=true">maps explorer</a>, to easily find the right car for the prospective buyer base on location. One important thing to know is that all PhilVex’s features are FREE including unlimited listings, SEO, basic CRM, email alerts and notifications from your prospective buyer, and profile visibility to sellers’ map locator.


<h2 class="h2-title">5. Prepare for your ad</h2>

Ok, you have decided to sell your car through classified websites. Take some time to craft your ad with a compelling description of the car that you want to sell. But there are some important things to do when preparing your ad:

<ul>
<li><strong style="opacity: 0.9;">Take clear, high-definition photos</strong>. Good visuals are bound to get more attention and attract genuine buyers. So, get a good photo op with your HD camera. Try to get a photo of your car from several angles that focus on the front and rear view with the trunk/hood open and close; side-view with the doors open and close; close-up of the engine; tires and wheels; front and back seats; and floor for all seats. </li>

<li><strong style="opacity: 0.9;">Be honest about your vehicle</strong>. It is important to declare an honest history of your vehicle such as having been flooded and having experienced a collision. If you’re caught in a lie about your vehicle, your credibility with buyers may humper will not get any chance of selling other vehicles. In some cases, it could cause a sale to be declared null and void, forcing you to return the money and take your car back.</li>
</ul>


<h2 class="h2-title">6. Viewings and negotiation</h2>

Ok, you are done placing your ad through classified websites. Expect potential buyers to contact you soon asking some questions about your vehicle, others wanted to see the actual vehicle. 
Some buyers may ask you to have your car inspected by a mechanic or by someone knowledgeable to make sure that they are not dealing with a car with hidden defects. Other buyers would also like to test drive your car to get the feel of your vehicle. In most cases, potential buyers may ask for a discount after scrutinizing, and if they found discrepancies in your vehicle.


<h2 class="h2-title">7. Closing the deal</h2>

<p>Alright, you have finally closed the deal with a particular buyer. The most important thing to do that you should never forget is “Never release your car unless you have received the money”. There are many cases of car scams. Try reading this <a class="a-link" target="_blank" href="https://philippinevehiclesexchange.com/blog/how-to-spot-a-scam-when-buying-and-selling-cars-online">article</a> to give you an idea of how to avoid being a victim of a car scam.</p>

<p>But when is the point of receiving the money? If paying by check, make sure you wait for it to be cleared on your account. At that point, you are sure that the amount is readily available to be used or to be withdrawn. You can also ask for a manager’s check, this guarantees as good as cash. If the buyer decides to pay you cash, make sure that you count it one by one. </p>
<p>Once the consideration is cleared, you can now draft a “Deed of Sale” and issue a receipt. Make full disclosure regarding insurance, warranty, and maintenance with the buyer. This will help ensure that the buyer understands the status of your vehicle and for you to avoid post-sale obligations.</p>


<p>Now, you have decided of letting go of your used car after planning it for a long time. Maybe you have consulted your friends and family about your decision, considering that you have invested so much in it, both financially and emotionally. </p>

<p>If this is your first time selling a car, there are many things to do before offering it to the public. It may seem a tedious task to you but once you know the process, you will be ready to attract buyers and will receive a most profitable result. Moreover, this will also save you from a post-sale obligation.</p>

What should you do before selling your car?

<h2 class="h2-title">Common red flags when buying a car</h2>

<p>Keep these warning signs in mind when purchasing a car online:</p>

<ul class="ul-margin1">
   <li><strong>Fake listings on classified websites</strong>. Classified websites can be a potential medium for online scamming. They tend to post a fake listing by copying the same information from a legitimate one of the same website or others. They usually post these listings at very attractive prices within a limited timeframe, thus, attracting more victims in a hurry.</li>

  <li><strong>The seller’s and car’s identities don’t match</strong>. Always ask the seller for proof of identity. This includes government-issued IDs like SSS/UMID and driver’s license. Make a full check if the name and address match on the vehicle’s registration form. Make sure that the vehicle registration form is original and not a copy, then check for evidence of tampering.</li>

  <li><strong>The seller insists on wire transfer payment in advance</strong>. Online scammers usually insist you make a payment in advance using wire transfer services, like MoneyGram or Western Union, before shipping the car. Other scammers nowadays use GCash or account deposit as a medium of fund transfer. Legitimate car sellers don’t use these modes of payment.</li>

  <li><strong>The seller avoids pre-purchase inspection</strong>. A pre-purchase inspection is a good way to determine hidden defects of the car you want to buy. Though it costs you to pay for an auto mechanic, it saves you a lot from uncovering defects that you may have missed before pushing the deal.</li>

</ul>

<h2 class="h2-title" style="margin-top: 3rem;">Common red flags when selling a car</h2>

<p>Watch out for these common warning signs when selling cars online:</p>

<ul class="ul-margin1">
   <li><strong>Fraudulent fake deposit</strong>. A scammer may ask for your bank account number and name to send money to your account. After a few hours, he will send you a fake validated bank deposit slip claiming that he had made a payment for the car purchased. Don’t just rely on the validated deposit slip, make some effort to check your balance online or call your bank to verify the deposit of the same amount.</li>

<li><strong>Promise of future payment</strong>. A dishonest buyer may promise you a staggered payment arrangement or wait until he gets the next paycheck before paying you. This could be a sign that the buyer will not pay after he got the car.</li>

</ul>

<p>As the internet users grow fast, the online automotive marketplace also has tremendously grown fast as it is easier to buy and sell vehicles on the secondary market. But don’t ignore the fact that scammers are also moving to the internet.</p>

<p>Whether you are on the market for brand-new or slightly used vehicles, you always must safeguard yourself against the potential risk of losing your hard-earned money to these online scammers. Spend some time researching so that you can avoid being a victim of a car scam.</p>

Selling Tips Posts

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

What is assume balance or pasalo? Is it safe?

What should you do before selling your car?

How to spot a scam when buying and selling cars online?