Pag secondhand ba do they still allow downpayments? We're planning to buy an old Montero/Fortuner sana (by the end of the year) but I'm kinda unsure if sellers still permit dp or straight cash talaga sila.
Also is there a preferred old model/variant of the 2 cars Ive mentioned above?? Sorry po new lang sa car stuff [emoji23][emoji23]
How old are we talking here?
I know there is a certain age limit for used cars. Forgot the age, though there are lots of threads here that talk about this. Also the ones that usually allow financing are bayan sellers, so their asking price would already be higher than usual to begin with.
What variants are we looking at here? I say go for the Montero if you prioritize performance and ride comfort, especially the VGT equipped variants. For the timelessly upscale design and best in class resale value, Fortuner is the way to go.
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if they allow dp most likely ipapasa din nila yun sa financing agents like banks. but something to be aware. bank interest rates for 2nd hand are more than double compared to brand new vehicles. 4-5% vs. 11% per annum if I am not mistaken. also they limit the unit to be financed at maximum to be 4 or 5 years old. for "special" i.e. expensive autos they may extend this to 8yr old units.
I'm not sure with MMPC, but with Toyota, they have the CPO (Certified Pre Owned) which are 2nd hand vehicles that were traded in to respective showrooms. The units that are available will vary per showroom. It will come with a 1 year limited warranty after you buy it and you could technically go with a bank mortgage for this (though as someone mentioned, the rate is at least double what you could get for something brand new).
I'm not sure if a 5 year old Fortuner or Montero would be sold at 800k though. Assuming the 1.3million price tag the older base variant of AT (I forgot if that meant just gas for Fortuner) it would hit around 750k php with assumed depreciation of 90% per year.
But, with Toyota CPO program, you'd actually have to call each showroom near your area if they have a Fortuner available for you and within your budget with an acceptable age and mileage driven already.
My mom prefers fortuner/montero. Primarily becoz of the ride height (well we live near UST ) bahain masyado and sitting capacity. With around 500-700k budget (but I think she will opt for downpayment then 1-2year term if possible pag payment. Ang bigat pag full amount well dat depends) Im slowly trying to learn more about cars (pati engine specs etc) so I'll know what to relay sa aming mechanic na cousin tsaka para alam ko rin yung papasukin naming transaction.
Is there a model/variant guys and gals na you can suggest based on the given preferences??
^i'm guessing even the glx will do
do what you gotta do so you can do what you wanna do
Basta do not buy any car model 2009 and below. ONDOY. Period.
I'd go with the montero gls-v.
If the entire amount is readily available, I would suggest you avoid the loans. The terms for used cars are not favorable.
You can get a newer Montero than a Fortuner. With the Fortuner, 500-700 will only get you a 1st gen, if I'm not mistaken.
If you do not go off road, and the vehicle will be mostly for city driving, I suppose the GLS-V will suffice.
If you will not be charging head first into floods all the time, might I suggest the Santa Fe as well. Your budget will get you the Gen 2.5 and above. Much more refined than either of the two, has lots more power, and will cross most floods just fine.
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It was sorento. My wife got caught in Espaņa for 2 hours in half-wheel height flood. 2 months later abs light goes on and diagnosed as the right rear abs assembly. Replaced. Another month passed then it was the left rear abs assembly.
Fyi, hyundai sta fe and kia sorento share the same parts. In fact the box that the parts came in had hyundai markings. The kia quezon ave service center told me they had replaced many abs assemblies on santa fe's and sorentos (santa fe owners go to them because they are the only shop that can reset the abs warning light and they also sell the parts cheaper than hyundai) They said it is a known weakness, that the assemblies can't be submerge in water for long periods.
The abs assembly we are talking about here is that assembly where the rear wheels and brake disks are attached to. It includes the rear wheel bearing and shaft, and the abs gear and sensor.
I'd like to add, if it is a (roughly) 5 year old unit that is most likely diesel (be it Fortuner or Montero), it might be close to needing a timing belt replacement.
For the Montero specifically, booklet and MMPC recommends replacement of Timing Belt at 70k to 90k kms odometer reading. I'm not sure for the Fortuner.
At 5 years old as well, better check the age of the tires as well. There would be a manufacturing date printed on it. Even if the tire doesn't look worn, it might no longer be good for long drives as there might not be much flex left in the rubber. The stock tires that came with our Montero lasts around 60k kms ( I cross checked the internet for it's wear and it was also stated around that region).
The cost to replace the rubber with equivalent Bridgestone is around 10k php per tire back then, I'm not sure if there have been adjustments or increases for the size of tire. Current gen Montero has a slightly larger tire size compared to the previous gen (excluding the TOTL which came with the same size).
So just something to keep in mind.
As for the Fortuner, if you are mainly going to use the car in the city, maybe the 2.7 VVti Fortuner might be an option to consider. Not only does it cost less to acquire one second hand, there is no timing belt to replace per my recollection, and it doesnt have to deal with issues of failing an emission test, plus it is a quieter ride. The main issue of the Gas Fortuner is the lack of power when fully loaded and going uphill.
I am not a fan of the braking characteristics of the disc/drum tuning of the Fortuner as well as suspension tuning (no matter what they claim even to this day). I prefer the suspension, as well as the foam of the seats of the Montero even if the Montero has thinner seats when I do a visual check. =)
I think di na ako susugal sa santa fe kasi yikes bahain talaga sa ust. Altho if ever I can find an elevated parking garage for rent near us, we might consider this.
Thanks everyone.
Last edited by _Cathy_; March 7th, 2019 at 08:33 PM. Reason: user banned
That's a far reaching thought.
Pambili lang yan ng buhangin sa pinas na itatambak sa aagawin nilang isla sa atin....
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