GUIDELINES for AUTO RETAIL SALE via Sealed Bidding on February 05 – February 18, 2020

  1. All units sold on an "AS IS-WHERE IS" Basis.
  2. Buyers should make an offer using the official Offer to Buy (OTB) form for all available cars listed regardless of where the car/unit is physically located.
  3. It should be clearly indicated in the OTB where the car is specifically located (ex. BMABB Chino Roces, BMABB Lipa etc).
  4. Retail Sale sealed bidding will be held from February 05 – February 18, 2020
    • Bids will be accepted starting February 05, 2020 from 1:00pm until February 18, 2020 at  9am.
    • No bid below asking price
    • Buyers should make a bid using the official Offer to Buy (OTB) form. All bid offers should be sealed in an envelope and should be dropped to our official bid box located either in SAMS Main Office located at G/F BPI Buendia Center, #360 Sen. Gil Puyat Avenue, Makati City Desk or at our BM AutoBest Buys Provincial Retail Offices.
    • Bidders must include the following documents in the sealed envelope together with the OTB:
      • INDIVIDUAL    
        • Valid and unexpired photo-and-signature-bearing government issued ID
        • Notarized Corporate Secretary Certificate authorizing the purchase and designating and appointing the official authorized to negotiate and sign the documents
        • Valid and unexpired photo-and-signature-bearing government issued IDs of the following:
          • Corporate Secretary
          • Authorized Signatory/Representative
    • All bid offers should be “time-stamped” by SAMS Customer Care Desk personnel or the authorized SAMS personnel in our provincial offices to confirm the date and time of receipt before bidder places it into the sealed drop box.
    • Opening of bids is on February 18, 2020 starting at 10:00am. Declaration of winners is on the same day.
    • Highest bidder wins. If highest bidder does not push thru, sale will be awarded to 2nd highest bidder.
    • Winning bidders, and their spouses, will be asked to provide the following documents prior to payment (no requirements means no payment)
      • EMPLOYED (submit any two)
        • Certificate of Employment
        • Payslip
        • BIR Form 2316
        • DTI Certificate of Registration
        • Mayor's Permit
        • BIR Form 1701
      • RETIREE
        • Bank Certificate
        • Pension Documents ( SSS / GSIS )
        • See list at the back of Buyer's Information Sheet
    • Buyers who back out from their winning bids will be blacklisted
    • No discount will be given during this period
    • In case of a tie, a rebidding will be held