SCB Bank sells 23 cash transport vehicles at around 173 million each

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

The oldest cars in the batch were registered in 2004, 5 cars in 2007, 11 cars in 2008, and the newest car 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 interested organizations or individuals. Buyers who wish to purchase the cars must submit sealed bids for the bank’s asset liquidation committee to select the highest bidder.

Bidders must make a deposit of VND 690 million (approximately VND 30 million per car). The deposit will be refunded if the bidder does not win. For the winning bidder, the deposit will be deducted 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 complete 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 prices lower 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 used 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 2008 Toyota Camry 2.4G, with a starting price of VND 200 million.

VietinBank, Tra Vinh branch, is also selling a Mitsubishi Pajero cash transport vehicle with a starting price of VND 170 million, and a Honda Civic sedan with a starting price of 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, various banks are auctioning off customer collateral vehicles to handle bad debts.

Agribank, Can Tho branch, is also looking for an organization to auction off 4 cash transport vehicles with starting prices 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 2003 Hyundai Terracan with a starting price of VND 65 million (excluding VAT).

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

TH (Tuoitrethudo)

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