Help: First time car buyer.

[zeus17]

Mga Sir bago lang po ako dito and planning to buy my first car.
Pero i am running on a small budget...

Can anyone tell me where i could get a car loan that will not be heavy on my budget..
tpos ung less requirement kasii kakaemploy lng sa akin at fresh grad...
help nmn po...
marikina are po ako..planning to buy an old bug..

[1D4LV]

Mga Sir bago lang po ako dito and planning to buy my first car.
Pero i am running on a small budget...

Can anyone tell me where i could get a car loan that will not be heavy on my budget..
tpos ung less requirement kasii kakaemploy lng sa akin at fresh grad...
help nmn po...
marikina are po ako..planning to buy an old bug..

not to burst your bubble, but kung fresh grad ka and kaka-employ mo pa lang, you need to build up credit history first which is a pre-requisite ng mga banks offering car loans.

and i think you cannot get an old bug from a bank loan. i think they are limited to cars 5 years and below.

a suggestion, why not borrow money from your parents? or siblings?

[devdevlin]

a suggestion, why not borrow money from your parents? or siblings?

tama to advise na to chief, or why not just save up at wag mo madaliin pag bili ng oto. this way mas mapapalaki mo savings mo and build up your credit history sa bank at the same time. i once read in a magazine, its not the end of the world if you don't buy a car today.

[shadow]

tama, huwag ka mag madali mag ka kotse...tapos yun bibilhin mo pa is super luma...additional expense yun maintenance.....

[zeus17]

tama, huwag ka mag madali mag ka kotse...tapos yun bibilhin mo pa is super luma...additional expense yun maintenance.....

sir salamat..hehehe kasi po ung work will be transferred to tiendesitas next year e...e kesa sa mag motot o taxi araw arw kasi 3am pasok...better get a car..tama po ba?
been working na din for 2 years pero di pa nag start nang savings hehehe colboy po..
does this change anything?
tingin nio po?

[Syuryuken]

Kung kaya ba ng bulsa mo ang downpayment, monthly payment, maintenance, gas bakit hindi

[1D4LV]

sir salamat..hehehe kasi po ung work will be transferred to tiendesitas next year e...e kesa sa mag motot o taxi araw arw kasi 3am pasok...better get a car..tama po ba?
been working na din for 2 years pero di pa nag start nang savings hehehe colboy po..
does this change anything?
tingin nio po?

only you can determine if you really need a car or not. the problem here is how can you buy one? as i've mentioned before, you need to build your credit history first before you can get a car loan and you cannot get a car which is 5 years and older.

so if you would really need one:

a) try to apply. there are certain documents that a bank would require from you like ITRs, COEs, etc. who knows, you might get approved. but i am sure they will not give you out money for a old beetle. probably, a new beetle, they can.

b) now if you would really want to get a cheap car, and the bank would not give you out a loan, then you might want to talk to your parents to loan you money. just ensure you pay them regularly.

c) or.... consider getting a personal loan, NOT A CAR LOAN. imho, PSBank offers as such. Money is withdrawable via ATM card. I think their average is around 100k, which you can use to get your car. Medyo mataas lang interest. I think the interest is 3.5%/month. Pero hassle-free, collateral free.

d) and consider other expenses like repairs, gas, parking, which loads up your monthly budget.

[zeus17]

only you can determine if you really need a car or not. the problem here is how can you buy one? as i've mentioned before, you need to build your credit history first before you can get a car loan and you cannot get a car which is 5 years and older.

so if you would really need one:

a) try to apply. there are certain documents that a bank would require from you like ITRs, COEs, etc. who knows, you might get approved. but i am sure they will not give you out money for a old beetle. probably, a new beetle, they can.

b) now if you would really want to get a cheap car, and the bank would not give you out a loan, then you might want to talk to your parents to loan you money. just ensure you pay them regularly.

c) or.... consider getting a personal loan, NOT A CAR LOAN. imho, PSBank offers as such. Money is withdrawable via ATM card. I think their average is around 100k, which you can use to get your car. Medyo mataas lang interest. I think the interest is 3.5%/month. Pero hassle-free, collateral free.

d) and consider other expenses like repairs, gas, parking, which loads up your monthly budget.

Sir salamat po

[tph]

bro kung fresh grad ka san ka kukuha ng ITR na isa sa main requirement for an auto loan.

[wildthing]

^^if you paid your taxes before this April 2007, merun ka ng ITR. Talk to our office HR.

*zeus17,

When you said an "old bug" do you mean a VW bug? Wow that would be great, pero AFAIK the parts are more expensive than an oldschool toyota or mitsubishi.

Alternatively, why not buy an oldschool ride - toyota (dx, starlet, macho machine, celica) or mitsubishi (lancer EL, lancer box type). A running one will be between P30-80K depending on the condition of the vehicle.

[zeus17]

bro kung fresh grad ka san ka kukuha ng ITR na isa sa main requirement for an auto loan.

sir 2 years na ako sa colcentr industry..may itr na po ako...working stud kasi hakhak..

[zeus17]

^^if you paid your taxes before this April 2007, merun ka ng ITR. Talk to our office HR.

*zeus17,

When you said an "old bug" do you mean a VW bug? Wow that would be great, pero AFAIK the parts are more expensive than an oldschool toyota or mitsubishi.

Alternatively, why not buy an oldschool ride - toyota (dx, starlet, macho machine, celica) or mitsubishi (lancer EL, lancer box type). A running one will be between P30-80K depending on the condition of the vehicle.

Sir salamat naiicip ko din na mas maganda nga un..kaso di ko mahanap ung mga kotseng un..at tpid po ba un sa gas at maintenace?

kaya po kasi ako bngh2nap ng sasakyan kasi 3am pasok ko at sa Tiendisitas pa..ala commute kundi taxi araw arw...

tingin nio po...

my ITR naman po ako..

[Syuryuken]

Sir salamat naiicip ko din na mas maganda nga un..kaso di ko mahanap ung mga kotseng un..at tpid po ba un sa gas at maintenace?

kaya po kasi ako bngh2nap ng sasakyan kasi 3am pasok ko at sa Tiendisitas pa..ala commute kundi taxi araw arw...

tingin nio po...

my ITR naman po ako..

Get a Kia Pride CD5 or GTX

http://tsikot.yehey.com/auto-classif...cat.php?cat=19

[zeus17]

Get a Kia Pride CD5 or GTX

http://tsikot.yehey.com/auto-classif...cat.php?cat=19

salamat sir sa link..kaso po ang problem ko for now is jow to get it financed or get a car...


kaya po iam looking for any financial loans that would or might help me...
i could shell out maybe 4-5k a month..ung minimal requirements kasi pang gabi work..antok sa umaga..d makapag lakad ng madaming requirements/...

[wrcastro_ph]

try to do a personal na lang. For that 5k+ budget, you can get a 100k loan (depends on your salary bracket and take home). ang hulog nyan ay within your budget. HSBC or BDO ang i try mo.

Pero kung 100K lang ang budget mo sa car ay masyadong maliit para makakuha ka ng maayos-ayos na sasakyan. Make it double and you can get more decent car.

[shadow]

*TS, kapag nag car loan ka whether brand new or 2nd hand car, meron ka pa rin cash out...equity, chattel mortgare, insurance etc, hinde namna sasgutin ng mga bank 100% purchase price....

so better kung makakhiram ka sa parents mo....

[_Qwerty_]

wag car loan.. di ka ma a approved nyan.. tapos 2nd hand pa..

i suggest you get the cheapest 2nd hand car you can find.. the KIA pride is a good choice..

then go to BDO.. they offer one of the lowest interest for a personal loan with a maximum of 300T.. like 1% per month interest.. and you get approval in 7 days.

[zeus17]

try to do a personal na lang. For that 5k+ budget, you can get a 100k loan (depends on your salary bracket and take home). ang hulog nyan ay within your budget. HSBC or BDO ang i try mo.

Pero kung 100K lang ang budget mo sa car ay masyadong maliit para makakuha ka ng maayos-ayos na sasakyan. Make it double and you can get more decent car.

ganun po ba kahit ung mga below 1ook n cars na naka post dito hndi maganda?
di po ako nagh2nap ng pangporma..ung pang transpo lng kesa sa i pangtaxi ko arw araw...bili n lng ng sarili db?tyama po ba?

saan po kaya maganda at papasa po kaya ako dun?sa personal loan at di po kaya ako mabigatan masyado nun..Fami9ly of 3 lng kami..16k ako a month.

[shadow]

meron ka ng pamilya? icoconsider din nila yun monthly expense mo....

[zeus17]

meron ka ng pamilya? icoconsider din nila yun monthly expense mo....

uu mom at sis ko