Financing a car Question, how?

**ajkotse** · October 3rd, 2012 10:47 PM

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!

**m05tw4nt3d** · October 3rd, 2012 10:55 PM

afaik banks offer financing of second-hand cars, although at a higher rate compared to brand-new cars, im not sure by how much. and may certain limit sila sa age ng cars, like it should be at most 5 years by the start ng financing.

papatayin ka talaga ng interest rates lalo na kung long term yung loan. even 36 months is already long enough. better to save up na lang muna, kesa pilitin mo and magkaproblema suddenly, sayang lang yung pinaghirapan mo.

**Retz** · October 3rd, 2012 11:01 PM

Just make sure you have the money to pay for the monthly amortization. Ang daming mga low DP pang enganyo sa mga potential car buyers.

**ajkotse** · October 4th, 2012 12:20 AM

Hmm... kasi a car is a need for me right now... ok lang sakin kahit hindi maporma.. necessity ko talaga siya right now kasi halos everyday ako nagtataxi

it sucks 250 pamasahe ko daily eh sa makati-qc lang naman route ko... madaling araw kasi uwi ko eh... I think kaya ko naman ang monthly... *pero nkakapanghinayang din talaga yung interest*

so in short pwde ako pumunta sa bank para ipa-finance yung bibilin ko auto? kelangan ba kasama ko yung seller? ano mga process? thanks guys sa mga reply!

**kidgz** · October 4th, 2012 12:42 AM

kung may 150k kana

why aim pa dun sa 300 or 400 tapos pa finance mo pa sayang interest

kuha ka na lang 90 to 2000 model

pasok pa sa budget mo syempre kailangan lang mabusisi ka para ok ok pa na kuha mo

wala kana intendihen na interest

save mo na lang pera mo after a year saka ka ulit updgrade ng ride mo

.....

**ajkotse** · October 4th, 2012 01:34 AM

Originally Posted by kidgz

kung may 150k kana

why aim pa dun sa 300 or 400 tapos pa finance mo pa sayang interest

kuha ka na lang 90 to 2000 model

pasok pa sa budget mo syempre kailangan lang mabusisi ka para ok ok pa na kuha mo

wala kana intendihen na interest

save mo na lang pera mo after a year saka ka ulit updgrade ng ride mo

.....

this is a good point, the problem is... I'm a newbie and I don't know anything about cars except for driving :P hehe... kung mabusisi lang tlaga ako..

kung may masusuggest kayo na bank na nagfifinance at alam nyo process.. please share it sa thread na toh. thank you :D

**slapz** · October 4th, 2012 09:53 AM

alam ko sa mga Car Dealerships mismo, merong mga pre-owned na vehicles na nakadisplay outside. You can start from there. Like go to Toyota, for sure merong mga Vios na nakadisplay dun. Ask about them.

or, go to Ford. Mas mura 2nd hand nila. Ehehe!

here in Pampanga, there is CarMix (ito lang napuntahan kong pre-owned car dealer), tutulungan kapa nila on how to finance the car na napili mo. Usually 30% dp, 36 months ang mga pre-owned. Kaso, nagbrand new na ako. Ehehe!

**Syuryuken** · October 4th, 2012 10:25 AM

Originally Posted by ajkotse

this is a good point, the problem is... I'm a newbie and I don't know anything about cars except for driving :P hehe... kung mabusisi lang tlaga ako..

kung may masusuggest kayo na bank na nagfifinance at alam nyo process.. please share it sa thread na toh. thank you :D

daming repo sa PSBank pwedeng installment mga yun kahit sa BDO. Sa producers bank naman 28% ang interest basta 2ndhand payable in 2 years.

**_Qwerty_** · October 4th, 2012 10:28 AM

try mo din sa BPI.. nagpapa utang din sila for 2nd hand cars.. mas mataas lang interest..

**ajkotse** · October 4th, 2012 01:50 PM

Hi guys!

thanks sa mga reply really appreciate it... the problem is, as much as possible ayoko talaga kumuha ng repossessed cars (no offense) kasi ang dami ko kakilala na pinapalitan mags,kinukuha yung radio, binabalasubas yung kotse, etc pag-alam nila marerepossess na...

mas gusto ko talaga sa tao bumili (1st owner kung pwde) kasi mas alam mo yung history kesa nung mga nahila na... malalaman mo pa kung ano talaga sira... may mga kotse ang nagugustuhan sa SULIT.COM pero hindi ko sure kung pano yung financing, (pwde ba yun sa ipa-finance sa bank?)

ittry ko din pumunta sa toyota to check mga 2nd hand cars nila.. Vios is the safest to buy right? hindi sirain at mura ang parts?