BID FORM

Date: _______________

To: _______________

Vehicle Details Year Model / Make / Type: __________________________________________

Plate no. ______________________

Offer Price (amount in words) ____________________________________________ (Php ___________)

Payment Mode
( ) Cash ( ) Financing (Installment (Minimum downpayment of 30%)
Term ( ) 6 mos ( ) Other : Subject For Approval

Buyer’s Details
Name _________________________________________________________________
Address _________________________________________________________________
Date of Birth ___________________________ Tel./Mobile No. ___________________
Source of funds ( ) Salary ( ) Business ( ) Remittance
Buyer _______________________________
Signature over printed name Referred by ___________________________

To be filled by SAFC (AUDIT) : Bid Result ( ) Highest bid ( ) Rank on Bid

Checked by __________________________
Signature over printed name
Conditions:

Offers must include the following:

A. Validated deposit Slip of P5,000.00/P10,000.00 per unit as Bid Bond.
B. Duly accomplished Buyer’s Information Sheet
C. 2 Government-Issued Identification Cards (with Picture and 3x signature)

I hereby acknowledge, confirm and accept the following terms and other conditions:

1. That I will submit a Bid Offer only for the motor vehicle/s that I am certain to purchase.
2. Bid offer will only be acknowledged upon receipt of the bid bond for each unit.
Php 5,000.00 (Offers below of P 999K and Php 10,000.00(Offers P 1M up)
3. Motor vehicles for sale are on an “as is where is basis”.
4. That I confirm that I have undertaken all necessary Inspections of the units before the placement of the offer.
5. I acknowledge and confirm that South Asialink Finance Corp. does not provide any warranties, express or
implied, including, but not limited to, any warranty against any and all physical defect/s which may be found,
but are not otherwise stated herein, on the units after the sale.
6. That after having made a reasonable inspection of the physical condition, documentation, and historical
background, I hereby confirm that I am fully satisfied and intend to purchase the unit/s.
7. That the subject units’ registration in the Registry of Deeds/LTO may not be updated.
8. I fully acknowledge and understand that in the event my offer for the unit/s is accepted and approved by
South Asialink Finance Corp.; I am committed to purchasing the unit/s within the period (2 working day).
9. Purchase through in-house financing will be allowed 1 working day to submit all necessary documents while
purchase through other financial institutions will be given 1 working day to have the unit checked by the credit
investigator.
10. Extension for payment on approved repossessed asset offer shall only be allowed if 50% of the amount due can
be paid in cash within the 3 working day period allotted to the buyer. An extension of 3 working days shall be
given subject to approval of the ROPA head and the President/COO. A total of Php 10,000.00 shall be forfeited
in favor of the company if buyer shall fail to pay in full the subject repossessed asset.
11. In case of failure to pay within the period allotted by South Asialink Finance Corp., it will result in revocation
of my Bid Offer and the bid bond will be forfeited in favor of South Asialink Finance Corp. also; the company
reserves the right to include me in the blacklisted buyers.
12. That South Asialink Finance Corp. will issue all documents pertinent to the cancellation of mortgage and
transfer of ownership will be borne by me.
13. That South Asialink Finance Corp. shall execute/issue the deed of sale within 5 working days of cash
payment or clearing of the check.
14. That South Asialink Finance Corp. reserves the right to reject any offers and accept, at its sole discretion,
such offers as may be deemed most advantageous to the company.
15. In submitting this Offer, I/We authorize South Asialink Finance Corporation to receive, use, process, store, make
a profile, or share to any of its departments and affiliates within the Asialink Group, any third party, agent, or
service provider who provides related services to South Asialink Finance Corporation, and any government
agency/regulatory body/branch, which in turn is/are authorized to receive the information provided herein, without
prior notice: (a) to facilitate and/or consummate the transaction herein; (b) for the protection of either party against
fraud; (c) validation/verification of data indicated herein; (d) to enable South Asialink Finance Corporation to
enforce its rights or perform its obligations by reason of any law or regulation, contract or order from any court or
quasi-judicial and administrative offices; and (e) in the prosecution or defense of South Asialink Finance
Corporation or its affiliates within the Asialink Group. By giving the foregoing authorities and for South Asialink
Finance Corporation to fully exercise the same. I/We hereby waive any related right accorded me under Republic
Act No. 10173 (Data Privacy Act of 2012) or applicable laws.