car bank financing or in house car financing (innova E 2.8 Diesel)

[JpPaul1220]

inquire lang po ano po ang mas mababa ang interest sa in house car financing o sa bank financing,sabi kasi ng agent sa in house na lang daw.thank you po....

[Altis6453]

inquire lang po ano po ang mas mababa ang interest sa in house car financing o sa bank financing,sabi kasi ng agent sa in house na lang daw.thank you po....

In house financing is traditionally more expensive due to higher interest rates. It is resorted to by those who have no access to bank financing or those who could not be approved due to some issues (pending litigation, credit findings, etc.).

But, to be sure, why don't you get a quote (based on the term of the in-house loan) from your agent and compare it with that of a bank? Don't rely too much on what the agent says.

[dct]

In house financing is traditionally more expensive due to higher interest rates. It is resorted to by those who have no access to bank financing or those who could not be approved due to some issues (pending litigation, credit findings, etc.).

But, to be sure, why don't you get a quote (based on the term of the in-house loan) from your agent and compare it with that of a bank? Don't rely too much on what the agent says.

Agree. Do your research. Kahit mga info/specs ng sasakyan na bibilhin mo wag ka umasa sa sinasabi ng agent. Mas maraming di totoo ang sasabihin ng mga agent kaysa sa totoo

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[Stigg ma]

inquire lang po ano po ang mas mababa ang interest sa in house car financing o sa bank financing,sabi kasi ng agent sa in house na lang daw.thank you po....

convenience comes with a price, thats basic concept...

now tell me, which is more convenient between the two?

[ChoyJo]

inquire lang po ano po ang mas mababa ang interest sa in house car financing o sa bank financing,sabi kasi ng agent sa in house na lang daw.thank you po....

Syempre automatic yan kapag Agent In-House agad ang sasabihin sa'yo.. Mas malaki kita eh.. Sa exp naming bumibili ng sasakyan, laging mas mababa ang interes sa bank.. Tama ang sabi ng mga katsikot natin, huwag ka magpapaniwala agad sa Agent mo.. Do your research.. Dito nga lang sa tsikot(ito ang sobrang nakatulong sa akin way back 2008 nung first time ko bumili ng brand new ng sasakyan).. Super bait mga tao dito.. Hindi ka magsisisi..👍👍👍

[JJB]

My brother had a quotation done for a fortuber and In-house financing ng toyota for 5 yrs is around 45% while sa BDO is only 24%.
Almost double sa in-house. Update us sa quotation ng SA. Sabihin mo magpasa sya ng quotation


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[ArchiDeos]

Sa tingin ko may pros and cons from both parties. If sa bank financing, mas mababa nga ang interest but you have to do all the papers and transaction. In case na magclaim ka ng insurance mejo mas matagalan ang approval minsan at ikaw pa din mismo maglalakad. Sa In-house naman, you have the convinience, sila na bahala lahat as long as complete na mga requirements mo. And sa pagclaim ng insurance sila na rin bahala, just provide the proper documents. Yun nga lang mas mataas ang interest ng kunti. Well agree ako sa mag katsikot natin dito, huwag ka masyado nagpapaniwala sa SA. dahil minsan mas maya alam ka pa sa sasakyan na bibilhin kesa sa mga SA. Pareho tayo Brod ng situation sa ngayon coz balak ko rin maglabas ng unit this coming X'mas break. Kaya mga katsikot baka may mas magandang payo or suggestion pa tayo jan.. TIA po.

[ArchiDeos]

Eto po yung initial na qoute ng SA sa akin. Any comments po regarding the interest. Medyo namamahalan ako kaya I will try to check it with my Bank. Ford Everest Trend 2017 model po yan.

unit price-1,554,000
downpayment-350,000
monthly for 3yrs-43,108

Freebies
High quality tint(Huper Optik)
Floormat
ERA card
EWD
Extended warranty for 5yrs
Free labor 1st 10k km PMS
Customize Bumper Front and Rear
Rain Visor
Car cover water proof

[shibby75]

Im about to get a subaru levorg that is almost tha same price of a fortuner (1.518m)

Bank dp is 350k
And around 34k for 3 years installment
Bdo ang bank.

[xninjax]

Im about to get a subaru levorg that is almost tha same price of a fortuner (1.518m)

Bank dp is 350k
And around 34k for 3 years installment
Bdo ang bank.

Interesting.Parang wala ata cla kita sa quote n yan


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[shibby75]

450k pala ang down na hingi nila.

[JJB]

Im about to get a subaru levorg that is almost tha same price of a fortuner (1.518m)

Bank dp is 350k
And around 34k for 3 years installment
Bdo ang bank.

Wow great price na yan!!


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[jreyes]

ask lang po, kung sa in house ba mas madali na maapproved ka compare sa direct sa bank?

[robin19]

Syempre automatic yan kapag Agent In-House agad ang sasabihin sa'yo.. Mas malaki kita eh.. Sa exp naming bumibili ng sasakyan, laging mas mababa ang interes sa bank.. Tama ang sabi ng mga katsikot natin, huwag ka magpapaniwala agad sa Agent mo.. Do your research.. Dito nga lang sa tsikot(ito ang sobrang nakatulong sa akin way back 2008 nung first time ko bumili ng brand new ng sasakyan).. Super bait mga tao dito.. Hindi ka magsisisi..👍👍👍

sir ask ko lang ano bang range ng interest sa banks ang pwede na? plano ko din kasi kumuha next year. TIA

[Airmax_90]

Share ko lang po.. Since planning to get a car also by Feb., but not Innova.. I tried quotations sa bank and in house financing.. Eto po mga analysis ko:

1. Mas mababa interest ng Bank. Though mas malaki ang DP (minimum 20%). Kung katulad ko na medyo hindi kaya ang buong 20% DP ng kukuning sasakyan, we have no choice but to go to in-house which will offer low DP.
2. Malaki nga lang ang discount ng Bank sa dealers, usually 20-40k discount.
3. Hindi kasama sa Bank loans ang paperworks (LTO registration, Chattel Mortgage, Comprehensive Insurance) while sa in house sempre kasama na nila yan All-in. Kaya tama un sabi, which is more convenient for you.



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[Red Crimson]

Share ko lang po.. Since planning to get a car also by Feb., but not Innova.. I tried quotations sa bank and in house financing.. Eto po mga analysis ko:

1. Mas mababa interest ng Bank. Though mas malaki ang DP (minimum 20%). Kung katulad ko na medyo hindi kaya ang buong 20% DP ng kukuning sasakyan, we have no choice but to go to in-house which will offer low DP.
2. Malaki nga lang ang discount ng Bank sa dealers, usually 20-40k discount.
3. Hindi kasama sa Bank loans ang paperworks (LTO registration, Chattel Mortgage, Comprehensive Insurance) while sa in house sempre kasama na nila yan All-in. Kaya tama un sabi, which is more convenient for you.



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Question lang po, may low dp din bang promo kapag bank financing?

[ice15]

Question lang po, may low dp din bang promo kapag bank financing?

Based on experience, there was a time when a certain bank was giving me a Jazz at 15%DP... The offer was based on our history with them (branch manager gave me a call)

But the lower the DP, the higher the loaned amount which will mean a bigger interest later... So we decided to say no (we didn't need the extra car anyway)

If you can, better pay the highest DP you can afford...

[ZkiZZoiD]

Mga boss ok na ba ang computation na ito?

INNOVA G DSL AT
UNIT COST :PHP 1,411,000.00
AMOUNT FINANCED :PHP 1,128,800.00

ALL-IN 20% DOWNPAYMENT
PHP 165,834.26 (PROMO)

MONTHLY INSTALLMENT
36MOS/3YEARS - 40,988
48MOS/4YEARS - 33,394
60MOS/5YEARS - 28,926

FREE ITEMS
1. COMPREHENSIVE INSURANCE (WITH ACTS OF GOD & 3 YEARS TPL)
2. 3 YEARS LTO REGISTRATION
3. CHATTEL MORTGAGE FEE
4. PROCESSING FEE
5. 3M TMT
6.1,500 FUEt
7. EARLY WARNING DEVICE
8. SIDEVISOR
9. PAINT PROTECTION
10.CAR COVER
11.RUST PROOFING
12.SEAT COVER
13.BACKING CAMERA

[keithdb]

Mali ata unit price

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[ZkiZZoiD]

Boss yan talaga unit price increase na naman daw kasi. Bale binawasan lang nila DP instead of 282,200. Yan promo nila ngayon.



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