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Questions On Car Loans


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#41 baguio_boy

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Posted 10 September 2014 - 11:49 PM

If were to have car loan, how much would i pay monthly if i were to loan a cheap car?

#42 ted dibiase

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Posted 11 September 2014 - 10:37 AM

If were to have car loan, how much would i pay monthly if i were to loan a cheap car?


No one can answer your question unless you provide more details.

#43 bushido03

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Posted 06 October 2014 - 07:18 PM

Add on rate kse pag car loan. Mas malaki inaapply sa interest kesa sa principal so for sure ang laki pang utang mo, lugi ka kung pay off mo.




actually in depends on the bank, I/m working for Toyota as a Marketinf Professional. Alam ko may rebate sa bbyaran mo pag i pay off mo na

#44 daphne loves derby

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Posted 15 October 2014 - 09:42 AM

Good Day sir's..

How about po ung sa mga 2nd hand cars na na acquired ng bank pero mga halos bago pa?
papano ang proseso nito at terms of payments? Usually po magkano ang mga initial payment dito? Pde po ba ito i loan? Kung pde gano katagal?

TIA

#45 ylrob

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Posted 20 November 2014 - 09:40 PM

actually in depends on the bank, I/m working for Toyota as a Marketinf Professional. Alam ko may rebate sa bbyaran mo pag i pay off mo na


Mga sirs, does same principle applies ba if kunwari ang remaining loan ko is 400k for 24 months then meron akong 200k na ibabayad sa bank so bale 200k nalang matitira? May ganun po ba sa atin na mag lump sum ka if may available na cash? Thanks in advance.

#46 Seta Sinestro

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Posted 22 May 2016 - 01:07 PM

Mas ok ba mag car loan sa bank, or opt for their "in-house financing"?

#47 Google

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Posted 23 May 2016 - 09:34 AM

If were to have car loan, how much would i pay monthly if i were to loan a cheap car?

 

it depends on the car, the amount of your DP and your monthly budget.

if you made a higher DP, naturally, you would be paying lower MAs.



#48 Google

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Posted 23 May 2016 - 09:37 AM

Mas ok ba mag car loan sa bank, or opt for their "in-house financing"?

 

in-house financing is easier, but is more expensive interest wise

sa bank, more strict, but lower in interest.


Good Day sir's..

How about po ung sa mga 2nd hand cars na na acquired ng bank pero mga halos bago pa?
papano ang proseso nito at terms of payments? Usually po magkano ang mga initial payment dito? Pde po ba ito i loan? Kung pde gano katagal?

TIA

 

for those units that were repossessed by the bank, the procedure is the same. you pay a downpayment and pay it monthly.

however, may limit ang payment period. i think the maximum is 4 years old dapat ang oto, tapos one year to pay lang. kung 3 years old ang oto, 2 years to pay, etc.



#49 martinace1

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Posted 27 May 2016 - 09:09 PM

The best way to take out a car loan is via the Bank and not via the dealership.

 

Get an approval letter from BPI, then show this to BDO.

BDO will give you a better offer letter.

Show this to East West and they will give you an even better offer.

Then take that offer letter back to BPI and they will in turn give you the best deal.

 

Variables have to remain the same in order for you to comapre properly. - Amount to loan, term of the loan.  

Watch out for Free insurance with conditions (lock down for length of loan) could be positive, could be negative.

Look for free / low chattel mortgage fees.

 

As for the dealer, look for upfront discounts, free LTO, 3rd party insurance, freebies- accessories



#50 camus

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Posted 30 May 2016 - 09:49 PM

Mas ok ba mag car loan sa bank, or opt for their "in-house financing"?


Get a quote from both and compare it. in general, banks will give you a lower rate than in-house.

#51 oakley_boy

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Posted 15 June 2016 - 02:00 AM

Good day MTC Experts! Need help po regarding our problem sa auto loan

 

Last month we bought our first car. Before namin makuha yung kotse, inadvise kami nung agent na magopen kami ng saving account sa UCPB kasi dun daw nila ipapasok yung loan namin sa kotse. dumating yung day na kinuha nmin yung sasakyan, sa sobrang excited namin ng wife ko, hindi namin napansin na hindi nadiscuss smen yung details nung car loan like total amount financed, due date, monthly ammort (though may idea naman na kami bout sa monthly payment), and other fees. wala kaming nakuhang documents about sa car loan. ang papers lang na dala nmin pauwi was the receipt of our downpayment and yung registration sa lto. walang contract for loan. pagdating namin sa bahay, we asked the agent kung bakit ndi nya diniscuss smen, sabi nya lang imamail daw yung contract after 1 month basta magdeposit na lang daw kami dun sa savings account na inopen namin kasi auto debit naman yun.

 

I called UCPB main and pumunta ako dun sa bank kung san ako ngopen ng savings account to check the details of my loan. pareho sila ng sagot, wala akong existing autoloan sa kanila. Now sinabi ko sa agent nung kotse na hindi muna ako mgdedeposit sa savings account ko kasi wala akong contract, hindi ko alam yung due date and pano ko masisigurado na if may deductions sa savings, eh mapupunta sa payment ng car ko.

 

Ang kinakatakutan ko lang po is kung anong magiging negative impact neto saken, as a borrower. pwede bang mahila yung kotse ko? as i've checked; based sa

REPUBLIC ACT No. 3765

Section 2. Declaration of Policy. It is hereby declared to be the policy of the State to protect its citizens from a lack of awareness of the true cost of credit to the user by assuring a full disclosure of such cost with a view of preventing the uninformed use of credit to the detriment of the national economy.

 

Section 4. Any creditor shall furnish to each person to whom credit is extended, prior to the consummation of the transaction, a clear statement in writing setting forth, to the extent applicable and in accordance with rules and regulations prescribed by the Board, the following information:

 

ano pong dapat kong gawin and kelan po? TIA



#52 cypher_05

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Posted 27 June 2016 - 08:30 AM

Anong bank madali ang auto loan?



#53 Astig73

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Posted 20 August 2017 - 11:02 PM

If were to have car loan, how much would i pay monthly if i were to loan a cheap car?

 

meron auto loan calculator, you can try. the value is the actual computation. though you can call the bank the computation.



#54 markkho1990

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Posted Today, 01:29 AM

Ok ba mag Car Loan ng 2nd hand?



#55 markkho1990

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Posted Today, 01:31 AM

Like Porche / Audi / Ford Mustang / Camaro? Any insights?

Mas maganda ba yung Brand New Bilhin?

Madalas kasi sa Sports Car or Luxury Car mataas Depreciation ng Value pero Low Millage



#56 markkho1990

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Posted Today, 01:33 AM

Bakit pag nag Cash ng sasakyan mas less ang freebies? May income ba yung mga Car Dealers from Interest na nakukuha ng Banks?






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