How to access Sagicor Bank Jamaica's repossessed vehicles and properties, contact the right account managers, and secure a deal below market value.
Sagicor Bank Jamaica operates one of the most accessible repossessed asset programmes on the island. Unlike some institutions that only post listings online, Sagicor assigns dedicated account managers to their private treaty portfolio — meaning you can get the current list, ask questions, and negotiate directly with a named contact. This guide tells you exactly who to call and how to buy.
Sagicor Bank's private treaty listing covers repossessed motor vehicles and, periodically, real estate. When a borrower defaults on an auto loan or mortgage, Sagicor recovers the asset and places it on their private treaty list. This list is distributed by email and published on their website at sagicor.com.
The key difference with Sagicor compared to other Jamaican banks is the direct account manager contact. You are not submitting a blind bid into a form — you are dealing with a named person who can tell you what's available, answer questions about specific vehicles, and confirm whether your offer is competitive.
Sagicor Bank Jamaica
Debt Recovery Unit
📞 876-975-6277
✉️ rricketts@sagicor.com
Sagicor Bank Jamaica
Debt Recovery Unit
📞 876-975-6453
✉️ sstewart@sagicor.com
Email both account managers at the same time requesting the current private treaty list. Include your name, phone number, and what type of asset you are looking for (vehicle make/model preference or property type and parish). This gets you on their radar for new listings as they come in.
Sagicor's private treaty vehicle list is updated regularly and typically includes a range of Japanese and Korean makes popular in Jamaica. Expect to find:
All vehicles are sold "as is, where is" with no warranty. Prices are typically 15–30% below private sale market value, reflecting condition and the absence of dealer preparation.
Sagicor periodically adds repossessed residential properties to their private treaty list. These are less frequent than vehicle listings but represent good value when they appear. Contact the account managers to be notified when property listings become available.
Email Ricardo Ricketts or Shanika Stewart requesting the current private treaty inventory. They will send you the latest PDF or direct you to the online listing page.
Review the list and identify vehicles or properties that match your budget and requirements. Ask the account manager for additional photos, mileage details, or property information where needed.
For vehicles, bring a qualified mechanic. For properties, bring a surveyor. All assets are sold as-is — your inspection determines your true cost of ownership including any repairs needed.
Send your offer in writing to the account manager. Include the asset description, your offer amount, and your contact details. Ask for confirmation of the deadline for competing bids.
Successful bidders are typically required to complete payment within 5 business days. Have your financing or cash ready before submitting your bid — losing a successful bid due to slow payment is avoidable.
Sagicor's private treaty prices reflect the outstanding loan balance rather than current market value in many cases. This means:
If an asset has been on the list for more than 3–4 weeks without selling, Sagicor is motivated to move it. Contact the account manager and ask directly if the price is negotiable. A reasonable counter-offer on a stale listing is often accepted.
Sagicor's direct account manager model makes it one of the most buyer-friendly repo programmes in Jamaica. Here's how it compares:
JamaicaRepo is a free directory covering repossessed vehicles and properties from Sagicor and all other major Jamaican banks, credit unions, and government agencies.
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