Would you pay cash or loan?

[kenz88]

Cash has always been the best option if you can pay up front. But the problem is that I heard a lot of people saying when you pay in full, the BIR will come and kulit you. Is that true? So will it be better to pay through a car loan?

[tidus1203]

That's not true. The BIR has not harassed me and I bought all my cars CASH. Syempre mga binibili ko naman di naman mamahalin iba na if you buy a Lambo like that pawnshop guy with cash. Or was it a McLaren SLR?

[dr. d]

pay cash if you can.
you save money that way.
plus, you save yourself the hassle of the monthly drudge..

[erichumprey]

mas ok kung cash.. but in reality mas maraming nag lloan kahit sobrang laki ng interest rate dahil wala namang ganung kalaking pera. at isa na ako dun! :D

[belzer]

cash, pero mag cost benefit analysis ka muna...

[KCboy]

dapat kasi gawin ng bir, the interest that you pay for a car can be deducted to your income so you pay less tax, that way madaming tao maeengganyo mag car loan thus stimulating the bank as well as the car industry. that's how they do it in the US. para maging accessible and car to all filipinos. hindi lang yung mga may kay.

[Ginnova]

if you have the money pay in cash. say for a 1M car and the rate of 27% for 5years. that's a whooping 270K savings. hindi kikitain ng pera mo yan kung nakadeposit lang sa bank.

[tidus1203]

dapat kasi gawin ng bir, the interest that you pay for a car can be deducted to your income so you pay less tax, that way madaming tao maeengganyo mag car loan thus stimulating the bank as well as the car industry. that's how they do it in the US. para maging accessible and car to all filipinos. hindi lang yung mga may kay.

Kaya nga nagkaroon ng Great Recession sa US. Many people borrowed too much and in the end they can't pay them and the banks got hit and everyone got hit! Housing nga lang at hindi cars... We still have to be very conservative when giving loans...

[actor21]

kung may cash mas maganda pay in cash..

pero kung 0% interest naman e di mag loan na..like my dad's everest 12months 0%interest.
pero yung vios ko naka TFC hehehe walang cash e..

[basti08]

Cash is nice. Pero kung sa tingin mo mas malaki kikitain ng pera mo (mas mabilis mo mapapaikot para mag self liquidate), kesa sa interest na mag aacrue sa pag bili thru financing eh mas Ok financing.

[tidus1203]

Anong klaseng business NA SAFE ang kaya talunin ang interest rate ng car loan? Siguro kung nagbebenta ka ng droga kaya!

[boybi]

Most of our cars were bought using bank financing. 1 year ammortization, one month advance (OMA), rate is only 4% more or less.

Any business would earn more than 4% in less than a month.

[krinkx]

kung magiinvest ka sa mutual funds and it will give you 5% to 6% per annum... and ang 27% in 5 years ay about 6% din... break even na rin... ang problema lang eh yung monthly mo pag nakalagay sa mutual funds pera mo... hehe...

[Ginnova]

not all of us are good in managing a business. marami din nalulugi. ano ba maganda business ngayon na low risk.

[[archie]]

if the car is for personal use, buy it cash. pero if you have a business better to finance it kasi pwede mo mapasok as expense yung monthly.

[[archie]]

not all of us are good in managing a business. marami din nalulugi. ano ba maganda business ngayon na low risk.

sabi ng first qudrant, sila daw pinakasafe na negosyo. :bwahaha:

[basti08]

Anong klaseng business NA SAFE ang kaya talunin ang interest rate ng car loan? Siguro kung nagbebenta ka ng droga kaya!

Money market ;)

hehe kung magpapa 5-6 ka sa pera na ipa-pang cash mo sa say, Fortuner, at 5-6 or even 10% a month. talo mo ang interest ng loan. na libre na yung MA mo. hehehe

i know someone who did this, instead of forking down the money straight to Toyota for a Fortuner. Lucky for her, it worked. wala naman nanuba sa kanya.

pero still, to each his own, kanya kanyang trip lang yan. kung san ka masaya. go for it.

[IMm29]

If you can afford to pay in cash, like it's just sitting around waiting to be spent, then spend it.

[speed unlimited]

Kung may cash ka mas maganda iwas sakit ng ulo pag may binabayaran monthly.

[tidus1203]

Money market ;)

hehe kung magpapa 5-6 ka sa pera na ipa-pang cash mo sa say, Fortuner, at 5-6 or even 10% a month. talo mo ang interest ng loan. na libre na yung MA mo. hehehe

i know someone who did this, instead of forking down the money straight to Toyota for a Fortuner. Lucky for her, it worked. wala naman nanuba sa kanya.

pero still, to each his own, kanya kanyang trip lang yan. kung san ka masaya. go for it.

Yun na nga ikaw na mismo nagsabi, LUCKY FOR HER. But there is too much risk to buy something that does not make money like a car... Eh kung nag 5-6 ka tapos di nabayad yung pina utang mo or kung nag bayad man late nagbayad tapos dineposito na ng bangko yung post dated check mo tapos since di pa nagbayad yung pinautang mo, talbog cheke mo o pano na?

Taking risk is ok in fact taking risk is the way to make money, but only take it for money making activities and buying a car is not one of them...