SCB Bank Selling 23 Cash Transport Vehicles for Approximately 173 Million Each

Specifically, this liquidated batch of vehicles includes: 17 Mitsubishi Pajero cars and 6 Hyundai Starex cars that were previously used by SCB as money transport vehicles. All of them have Ho Chi Minh City license plates and were registered from 2004 to 2011.

Among them, the oldest cars were registered in 2004, 5 cars were registered in 2007, 11 cars were registered in 2008, and the newest car was registered in 2011.

The entire batch of cars, with a starting price of VND 3.98 billion including VAT, has an average price of around VND 173 million per car.

However, the bank does not sell individual cars but rather the entire batch to organizations or individuals who are interested. Buyers who want to purchase the cars must submit sealed bids in order for the bank’s asset liquidation committee to select the highest bidder.

Bidders need to make a deposit of VND 690 million (around VND 30 million per car). The deposit will be refunded if the bidder does not win. For the winning bidder, the deposit will be subtracted from the total payment for the batch of cars. If the winning bidder refuses to purchase, the entire deposit will be forfeited.

SCB will be responsible for paying corporate income tax. The winning bidder is responsible for any remaining expenses (including fees and taxes). The winning bidder will also need to handle the vehicle registration transfer process.

Not only SCB, but many other banks are also organizing auctions to recover bad debts, including selling auctioned off assets such as various types of cars. Many cars are being offered at lower prices than the market value, including cash transport vehicles with starting prices below VND 100 million.

For example, TPBank has announced the selection of an organization to conduct asset auctions, including a series of auctioned off cars as collateral in the recent period. TPBank is currently selling an ISUZU truck in white with a starting price of VND 404 million. They are also selling a black Mercedes C200 registered on March 3, 2022, with a price starting from VND 817 million. In addition, a black Vinfast Lux A2.0 registered on December 27, 2021, is being sold with a starting price of VND 583 million. TPBank is also auctioning another Vinfast Lux A2.0, registered on March 24, 2022, with a starting price of VND 510 million. The car is described as being scratched all around, with a dented roof and poor tires.

Thinh Vuong and Development Commercial Joint Stock Bank (PGBank) has also announced the liquidation of a Toyota Camry 2.4G, produced in 2008, with a starting price of VND 200 million.

VietinBank, Tra Vinh branch, is also selling a cash transport vehicle, Mitsubishi Pajero, with a price starting from VND 170 million, and a Honda Civic sedan with a price starting from VND 155 million.

Vietcombank, Bac Giang branch, is auctioning off used cash transport vehicles, produced in South Korea in 2009. The starting price for these vehicles is nearly VND 130 million. In addition, a series of customer collateral vehicles have also been put up for auction by various banks to handle bad debts.

Agribank, Can Tho branch, is also looking for an organization to auction off 4 cash transport vehicles with a starting price ranging from VND 65-70 million. Specifically, 3 Mitsubishi Pajero cars produced in 2004 have a price of VND 70 million (excluding VAT). The remaining car is a Hyundai Terracan produced in 2003, with a starting price of VND 65 million (excluding VAT).

According to experts, consumers can rest assured about the origin and legality of purchasing liquidated cars. However, to avoid risks, it is necessary to consult with bank advisors. It is also important to request a commitment to receive all necessary documents on time in order to facilitate the transfer process.

Since these are used cars, both organizations and individuals who are purchasing should carefully inspect each part, detail, and operating condition to avoid buying low-quality vehicles.

TH (Tuoitrethudo)

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