Financing a car Question, how?

[gie190920]

Hi guys,

I'm a newbie.. planning to get my 1st car... btw I only have 150k (Max) na cold cash... tumitingin kasi ako ng mga ads sa sulit/ayosdito may mga cars na "open/ok for financing" pano po ito? at ano process? kasi I'm looking for a 300-400k na sedan. I don't have the money to buy it pure cash.. pero kaya naman ang monthly... nagtanong ako sa mga banks, some said hindi daw sila tumatanggap ng sa ibang tao bibili at sila magfifinance... either sakanila ka kumuha "repossessed cars" (in my opinion ayoko kumuha ng narepossess)

ask ko lang san pwde magpafinance ng ganito? sang bank if ever? yung mura sana ang interest? thanks guys!

bro pare tayo ng situation about a month ago, hehe about financing usally 30% dp ang required for 2nd hand cars for 2003 model and up, try mo sa rfc nag fifinance sila ng mga 2nd hand or insular bank mabilis din sila mag approved yun nga lang sakit sa ulo ng financing, dami cheche bureche, hehe better to find a car sa kakilala mo kasi on my experience takot yung owner sa financing, security purposes daw ), usually need ng mga regular reqt like itr, payslip etc, and post dated check, tapos need pa na dalin dun sa bank yung car for assessment daw, kaya mejo hassle talaga, if i were you try mo mag loan na lang ng cash sa bank or kaya cash na lang talaga, like what i did, kinuha ko na lang ng cash yung auto para wala na din masyado cheche bureche, but if you still want to try financing, na sasayo yan,

[robot.sonic]

ayaw mo kumuha ng brand new na compact? hyundai eon, kia picanto, chevy spark. etc.

[frequenzy]

actually madali na lang ngayon kumuha ng kotse unlike before. kung bank financing

1. finalize mo muna yung gusto mo kunin na make and model na auto. mapa brandnew man or 2nd hand.
2. punta ka sa banko para mag car loan, mas maganda dun sa banko na may account ka na para less requirements. sabihin mo yung gusto mo kuhanin na auto kung brand new niyan, meron na sila chart para sa interest rates at magkano kailngan na DP.
3. kung 2nd hand naman, most banks allows financing sa 5yrs old and below na car. minsan they will shoulder up to 70% and sagot mo na yung 30%.
4. mag aantay ka lang maaprove yung car loan mo. minsan with 24hrs approve na agad.

[garfield_08]

*TS: yung mga nagpopost sa Sulit na "open for financing" are usually (though not always) connected to car dealerships, karaniwan ahente sila. those cars being posted should be scrutinized thoroughly since you will most likely be buying a car not from the original owner. so if you're expecting that they will tell you the true history of the car, think again. its better to buy it directly from the owners themselves.

meron naman agencies and lending institutions that offer car loans. and since you already have 150k, you'll only need to loan the balance needed for you to purchase your preferred vehicle in cash. kapag sa lending naman, afaik they will require you to surrender the original OR/CR of the car as the collateral. pero ingat ka din. meron mga sindikato that poses as financing agency. safest pa din siyempre sa banks.