Buying first family car

[dr. d]

Not into pre-owned. Mas kampante pa din ako sa brand new.
Sa panahon natin ngayon, madami ng kamote drivers who does not know how to take good care of their autos.
Kapitbahay nga lang namin na 7 years na nya ginagamit kotse nya di pa nya alam kung saan nilalagyan ng steering fluid.
Anyway, thank you sa advice/confirmation na alanganin pa din yung financial capability ko to acquire a brand new car.
I think, we will just temporarily stick dun sa pag gamit ng 2 cars pag may lakad kami family.

may kotse naman pala kayo, e...! dalawa pa!
that should make it much easier to wait.

[jodski]

Plano ko din kumuha ng family car na 7 seater up kaso I am having second thoughts kasi baka di ko makayanan yung monthly amortization. Do you think a monthly gross income of 50k (net around 42k/month after govt loans and taxes) is sufficient? deducting other expenses, meron natitira na +/- 20k sa amin monthly.
Gusto ko sana Mobilio, compact yet viable to cater 6 adults and 2 children.
Based on Honda website, Php 18,250.00 yung amortization for a 15% DP.

Any advice?

are you the primary bread winner?

ammortization lang kasi pinakita sa website and did not consider the other recurring expenses like preventive maintenance, annual insurance, fuel, toll, parking, etc.

medyo tagilid yan unless may nakatago kang malaking savings para ilagay mo sa down payment like 40 to 60 %

madami variables bro to consider and you only mentioned and compared monthly compensation versus amortisation


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[wezz_zzew]

Primary bread winner? YES
I am familiar with the expenses of owning a car and that is one of the reasons why I am having second thoughts.
Second, I cannot also guarantee that I will have that same amount of income within that 5-6 years period.

[llpoint20]

Plano ko din kumuha ng family car na 7 seater up kaso I am having second thoughts kasi baka di ko makayanan yung monthly amortization. Do you think a monthly gross income of 50k (net around 42k/month after govt loans and taxes) is sufficient? deducting other expenses, meron natitira na +/- 20k sa amin monthly.
Gusto ko sana Mobilio, compact yet viable to cater 6 adults and 2 children.
Based on Honda website, Php 18,250.00 yung amortization for a 15% DP.

Any advice?

Kuha ka ng quotation sa bank mas mababa monthly amortization nila. With regards to income, medyo marihap yan. Monthly amortization, gas, PMS, simot sarap yung +/- 20k na matitira sayo monthly.

[StockEngine]

Plano ko din kumuha ng family car na 7 seater up kaso I am having second thoughts kasi baka di ko makayanan yung monthly amortization. Do you think a monthly gross income of 50k (net around 42k/month after govt loans and taxes) is sufficient? deducting other expenses, meron natitira na +/- 20k sa amin monthly.
Gusto ko sana Mobilio, compact yet viable to cater 6 adults and 2 children.
Based on Honda website, Php 18,250.00 yung amortization for a 15% DP.

Any advice?

fuel cost is 7500 monthly
parking 10x sa mall is around 500 minimum
necessary maintenance: save 1000/month
necessary insurance: save 1000/month

that is 10,000/month on top of your monthly payments





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[yubby24]

Plano ko din kumuha ng family car na 7 seater up kaso I am having second thoughts kasi baka di ko makayanan yung monthly amortization. Do you think a monthly gross income of 50k (net around 42k/month after govt loans and taxes) is sufficient? deducting other expenses, meron natitira na +/- 20k sa amin monthly.
Gusto ko sana Mobilio, compact yet viable to cater 6 adults and 2 children.
Based on Honda website, Php 18,250.00 yung amortization for a 15% DP.

Any advice?

Try mo magsave up pa ng konti for higher DP. We have mobilio V variant financed by BPI (not in-house). Our monthly amort is P14,343. 20% DP ko which is around 198k. mas mura kapag directly ikaw ang nag-apply ng loan sa bank.

[sixtieth]

Plano ko din kumuha ng family car na 7 seater up kaso I am having second thoughts kasi baka di ko makayanan yung monthly amortization. Do you think a monthly gross income of 50k (net around 42k/month after govt loans and taxes) is sufficient? deducting other expenses, meron natitira na +/- 20k sa amin monthly.
Gusto ko sana Mobilio, compact yet viable to cater 6 adults and 2 children.
Based on Honda website, Php 18,250.00 yung amortization for a 15% DP.

Any advice?

Hi sir. I really would suggest against it. Kampante nga kayo sir sa brand new but baka yung stress naman ng half of your income almost na monthly ang magpastress sa inyo. Sorry for being blunt sir. Just want to help.


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[tsik_r2d2]

Hi sir. I really would suggest against it. Kampante nga kayo sir sa brand new but baka yung stress naman ng half of your income almost na monthly ang magpastress sa inyo. Sorry for being blunt sir. Just want to help.


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This is the statement of a person with a car OR near to his office OR has a convenient mode of transportation.
I'm sharing the same sentiment of spending half of my income on amort/gas/parking/PMS and is considering a brand new for my first car.

Kung sakto lang budget, you'll do everything para alagaan ang sasakyan which is very challenging for me since it'll be my 1st ever.
Malayo ang office ko to my home and TNVS prices (500 per ride) everyday is somehow close to a monthly amort.

I'm taking the risk of purchasing a brand new for the convenience and comfort.
It pays to have 'em.

[sixtieth]

This is the statement of a person with a car OR near to his office OR has a convenient mode of transportation.
I'm sharing the same sentiment of spending half of my income on amort/gas/parking/PMS and is considering a brand new for my first car.

Kung sakto lang budget, you'll do everything para alagaan ang sasakyan which is very challenging for me since it'll be my 1st ever.
Malayo ang office ko to my home and TNVS prices (500 per ride) everyday is somehow close to a monthly amort.

I'm taking the risk of purchasing a brand new for the convenience and comfort.
It pays to have 'em.

suit yourself sir. im just saying it’s not prudent.


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[yapoy86]

This is the statement of a person with a car OR near to his office OR has a convenient mode of transportation.
I'm sharing the same sentiment of spending half of my income on amort/gas/parking/PMS and is considering a brand new for my first car.

Kung sakto lang budget, you'll do everything para alagaan ang sasakyan which is very challenging for me since it'll be my 1st ever.
Malayo ang office ko to my home and TNVS prices (500 per ride) everyday is somehow close to a monthly amort.

I'm taking the risk of purchasing a brand new for the convenience and comfort.
It pays to have 'em.

Brand new or not still same have risk!

What we don't want to happen is to see the sheriff in your driveway!

There are practical options when you badly want a car! As I frequently share here, i was lucky to buy a used car from a bank. Got some extra moolah to burn (around 400k) and weighed my option between buying a used car or using the money as 50% downpayment then amortize the remaining balance.. after computations.. i realized i don't want to spend in amortization! So i went on looking for a repossessed car from the bank (btw you can also have it amortized for 3 years) and found a barely used car.. got some scratches but everything is in good condition. Another plus is it still covered by dealers warranty... and the rest is history! Went home with a smile!

[jut703]

This is the statement of a person with a car OR near to his office OR has a convenient mode of transportation.
I'm sharing the same sentiment of spending half of my income on amort/gas/parking/PMS and is considering a brand new for my first car.

Kung sakto lang budget, you'll do everything para alagaan ang sasakyan which is very challenging for me since it'll be my 1st ever.
Malayo ang office ko to my home and TNVS prices (500 per ride) everyday is somehow close to a monthly amort.

I'm taking the risk of purchasing a brand new for the convenience and comfort.
It pays to have 'em.

You're comparing between having no car and having a car. I would definitely agree that having a car is so much more convenient than commuting, even if it comes out more expensive.

But it doesn't have to be brand new.

If you can afford to pay in cash, it's better to spend that money for a depreciated but new-ish car than to use it as downpayment to buy brand new.

I've owned several brand new cars and several used ones. They start becoming expensive to repair after 10+ years, but for the first 5-7 years of ownership, it's just your usual oil and fluid changes.

Buying brand new gives you that nice feeling of the new car smell, but I'd take the savings from buying used any time. Seeing more money in my bank account for my family's future definitely beats the new car smell.

The only pre-requisites are patience in finding a fresh unit with a decent price, and having enough car knowledge to know a good unit from a bad one. You can even outsource the second requirement by simply having a trusted mechanic check your car for you.

It takes weeks and possibly even months to find a used car in excellent condition at an excellent price. But at the end of the day, the savings are very much worth it.

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[chris_d]

Plano ko din kumuha ng family car na 7 seater up kaso I am having second thoughts kasi baka di ko makayanan yung monthly amortization. Do you think a monthly gross income of 50k (net around 42k/month after govt loans and taxes) is sufficient? deducting other expenses, meron natitira na +/- 20k sa amin monthly.
Gusto ko sana Mobilio, compact yet viable to cater 6 adults and 2 children.
Based on Honda website, Php 18,250.00 yung amortization for a 15% DP.

Any advice?

See if you can save more before buying brand new so you can end up with a higher down payment (20-30%) and around 15k monthly loan direct with bank. As others mentioned also remember the other expenses related to car ownership. In my case annually I pay around 40k for insurance for two cars, 10k for registration. PMS, fuel, toll, parking... I track all our expenses and monthly spend around 10k for transpo related expenses for three vehicles excluding the insurance/registration/PMS.

[GTi]

Can't really say much. But what I do know is that there weren't that many Outlanders sold in its limited production run in the country. It is wildly popular in Taiwan though, which should speak a lot about its quality but my main concern is parts availability, especially those small, model specific trim parts. The X-Trail on the other hand has had a very long production run with many units sold. No parts problem then.

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[playplugg]

Hello! Hingi po sana ako ng advice kung anong marerecommend niyo na units given my criteria. Para po ito sa aking aging parents (60s) na madaming lakad. Right now they’re using a very old van (Grace). Thankfully nakapagipon po ako ng konti para sa kanila and I want to buy in cash po soon or in the next 6 months.

- budget: 700k-1M comfy (flex up to 1.2 sagad)
- not more than 7 years old
- SUV or any 7seater na hindi van. Gusto ng tatay ko SUV sana. Bahain din po sa lugar nila pag tag-ulan.
- Comfy: malalaking tao po sila, all 5’10” pataas at bilugin hehe
- AT/diesel
- Safety features: Gusto ko po sana yung may side curtain airbags at knee na din po. Dito po ako nahihirapan maghanap. Innova at pajero lang po ang nakikita ko online na pasok dito.

Salamat mga katsikot sa tulong!



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"Better to ask them"

[sixtieth]

"Better to ask them"

They want an alterra


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[n_spinner06]

They want an alterra


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Ayun. What's stopping you from considering the alterra sir? Spacious and comfortable. And since preference na nila baka mas.ok ito...2 airbags pero on par naman sa mga suggestions dito.

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[sixtieth]

Ayun. What's stopping you from considering the alterra sir? Spacious and comfortable. And since preference na nila baka mas.ok ito...2 airbags pero on par naman sa mga suggestions dito.

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Nabanggit ng kuya ko sir na baka mahirap daw parts dahil short production. Totoo kaya to?

I've read articles and YouTube videos... most of them say na if everything is equal... CVT only gives you 6% savings...

Not much, pero on paper they can use that "6% savings" when making fuel efficiency presentations in developed countries.

***
Local setting, 4 A/T means there are chances that more third party service centers can rebuild your tranny 10+ years later.

Personally, I've met a lot of old people with 10-20 years 4 A/T cars who never replaced their transmission oil... And the car still brings them from point A-B!

***
Back to TS...

Get a used Innova or top of the line Sportivo.
They may not have all the safety features you're looking for, but lets face it... Both are still way better than the Grace.

Tama ka sir hehe pero I don’t have multiple 1 millions lying around so I want to make sure I cover all bases. This will probably be the last car they’ll drive. If I’m just going by what’s better than the grace thats pretty much anything haha. Salamat sa suggestion sir. Medyo ngumingiwi mukha ng tatay ko sa innova haha kahit di niya sabihin im sure ako di niya masyado trip. Looks siguro :/


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[n_spinner06]

Nabanggit ng kuya ko sir na baka mahirap daw parts dahil short production. Totoo kaya to?



Tama ka sir hehe pero I don’t have multiple 1 millions lying around so I want to make sure I cover all bases. This will probably be the last car they’ll drive. If I’m just going by what’s better than the grace thats pretty much anything haha. Salamat sa suggestion sir. Medyo ngumingiwi mukha ng tatay ko sa innova haha kahit di niya sabihin im sure ako di niya masyado trip. Looks siguro :/


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The alterra is based on the dmax of the same era so i guess some parts would be identical i.e. suspension etc. I think even the headlights are identical. Sa engine 4jj1...same sa ginamit 3.0 engines sa mux if im not mistaken pre-bluepower. My father owns 1 for almost a decade wala pa naman pinalitan na major part...

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[GTi]

Nabanggit ng kuya ko sir na baka mahirap daw parts dahil short production. Totoo kaya to?



Tama ka sir hehe pero I don’t have multiple 1 millions lying around so I want to make sure I cover all bases. This will probably be the last car they’ll drive. If I’m just going by what’s better than the grace thats pretty much anything haha. Salamat sa suggestion sir. Medyo ngumingiwi mukha ng tatay ko sa innova haha kahit di niya sabihin im sure ako di niya masyado trip. Looks siguro :/


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The Alterra has remained basically the same for its entire production run, IIRC, from 2005-2013. Should have no problem with parts for a very, very long time.

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[Walter]

Ayun. What's stopping you from considering the alterra sir?

Because it looks like a hearse ... nicknamed Isuzu Forluner ....