Is it the time to buy my own Brand new Car?

[_Cathy_]

Wow. 5 kids. I agree on the Innova

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[didot]

Wow. 5 kids. I agree on the Innova

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hehe blessed eh kala ko kasi baog ako haha anyways innova ^_^ pra kasing napapangitan ko sa itsura pero kung affordable at practical naman bakit pa ko mamimili hehe plano ko sana if SUV i'd go for fortuner or montero para porma na maluwag pa pero kung di nman practical eh wag na lang :P

[D3nb3r]

Ayaw na ayaw ng wife ko dati nung elementary pa mga anak ko pag nag umpisa ng mag kulitan ang bata, and I only have two kids inside a pick-up. Paano pa pag 5 inside a subcompact car, I can only imagine what it would look like pag nag umpisa ng mag kulitan at iyakan at may kasama pang mga sumbong hahaha. But hey, Naka survive nga ako dati nung wala pa akong car and motorcycle lang gamit namin hatid sundo and sa mga lakad namin even going to church. But I'll go with innova on this if ako nasa lugar mo.

[rudy_corolla]

Hello mga sir, bago lang po ako dito and totally newbee po sa Car. Hingi sana ako advise sa inyo kung sapat na kaya yung income namin sa business para bumili ng car?

So 26 year old na po kami mag-asawa at my business, 2 years married but no baby yet. Laki din kami sa hirap pareho at nag sumikap para mag ka roon ng sariling negosyo kaya kung mayroon man kaming pag-gagamitan ng pera ay iniisip muna namin mabuti o nanghihingi ng advise sa ibang tao kung tama ba ang gagawin namin. We are planning to buy car next year sana but we are getting paranoid because of excise tax next year and the next two years. Ang net income namin sa business namin ay 120k to 150k a month. Plan na din namin mag baby this next year.

So hingi sana ako advise sa mga kuya ko dyan na mas may experience sa buhay, i do not want to regret later na kung bakit kumuha ako ng car na worth 1.5m, nga pala ang car na balak namin ay Mazda CX-5 FWD Pro at balak sana namin ay installment lang. So mga 10 to 15 years ba ang lifespan ng car? Ano ba ang tamang estado sa buhay para kumuha ng 1.5m car? Maraming Salamat po mga kuya!

I'm a middle class, 8am-5pm Makati employee and I own a Mazda CX-5. More than 10 years ko ring planong gamitin. Every day use from Las Pinas to Makati (except coding day). I spend about 1,500 pesos every two weeks sa gas, and of course dahil under yojin-3 pa walang bayad sa maintenance. Sa tingin ko with your income, you can afford one. Though my salary is lower than your income, I have a steady source of income and fully paid my house. My wife is also working and I have only 1 child.

[jumilae12]

Hello good day po!

I am interested buyer of Mitsubishi Mirage 1.2 GLX MT. I am employed in a construction company for 2 years and 8 months and a regular employee. i am from Ilocos but when i got my job i lived in Caloocan for 2 years, then i was assigned here in Davao for 8 months and planning to buy a car na dito. last year my gross income is 19k without overtime, then nung naassign ako out of town nag increase ako to 23,500 gross plus my mga out of town incentives pa po ako na di declared sa payslip kasi di sya taxable and direct nalang pumapasok sa account ko. Ngayon po these are my problems kung maaapprove ba ng bank:

1. 23,500 ang gross na nakalagay sa COE ko without out of town incentives indicated at may mga overtime pay pa po akong di rin nakasama sa COE ko which is umaabot ng 10k per month. pero ang total gross ko sana if Basic Salary + Incentives + Overtime umaabot po ng 38k.
2. 8 months palang po ako sa davao, magiging factor po ba na bago lang ako sa lugar? (company provided po ang bahay ko dito at 5 years pa po ako iaassign ng company namin dito)
3. wala po akong co-maker kasi matanda na yung parents ko, sapat na ba yung item 1 para maapprove ako ng bank?
4. yung ITR ko is 2016 pa at ang nagrereflect na Annual gross ko pa is yung 19k pa.

Sana po masagot yung questions ko, first time buyer po kasi. Thanks

di po ako makapost sa thread kaya nag private message nalang po ako hehe

[dr. d]

Hello good day po!

I am interested buyer of Mitsubishi Mirage 1.2 GLX MT. I am employed in a construction company for 2 years and 8 months and a regular employee. i am from Ilocos but when i got my job i lived in Caloocan for 2 years, then i was assigned here in Davao for 8 months and planning to buy a car na dito. last year my gross income is 19k without overtime, then nung naassign ako out of town nag increase ako to 23,500 gross plus my mga out of town incentives pa po ako na di declared sa payslip kasi di sya taxable and direct nalang pumapasok sa account ko. Ngayon po these are my problems kung maaapprove ba ng bank:

1. 23,500 ang gross na nakalagay sa COE ko without out of town incentives indicated at may mga overtime pay pa po akong di rin nakasama sa COE ko which is umaabot ng 10k per month. pero ang total gross ko sana if Basic Salary + Incentives + Overtime umaabot po ng 38k.
2. 8 months palang po ako sa davao, magiging factor po ba na bago lang ako sa lugar? (company provided po ang bahay ko dito at 5 years pa po ako iaassign ng company namin dito)
3. wala po akong co-maker kasi matanda na yung parents ko, sapat na ba yung item 1 para maapprove ako ng bank?
4. yung ITR ko is 2016 pa at ang nagrereflect na Annual gross ko pa is yung 19k pa.

Sana po masagot yung questions ko, first time buyer po kasi. Thanks

di po ako makapost sa thread kaya nag private message nalang po ako hehe

i will not pretend to second-guess the financial institutions, but...
if you came to me and asked me for a loan, using this information, i would turn you down.
i reckon, you would have to eat cardboard for some time, if you were to keep up with the monthlies.
successfully bringing the car home to your garage, is but the first step in car ownership. it is also the easiest step. the next step(s), is/are the monthlies, the daily little thingees, aka, maintenance and gas/oil costs, parking fees, etc etc... that will always remind you of your baby with a gradually increasing appetite but refuses to grow up.

but if your car of choice were a second-hand car... i mean, isang bayaran lang at sa iyo nang lubos...

[arvs18]

i will not pretend to second-guess the financial institutions, but...
if you came to me and asked me for a loan, using this information, i would turn you down.
i reckon, you would have to eat cardboard for some time, if you were to keep up with the monthlies.
successfully bringing the car home to your garage, is but the first step in car ownership. it is also the easiest step. the next step(s), is/are the monthlies, the daily little thingees, aka, maintenance and gas/oil costs, parking fees, etc etc... that will always remind you of your baby with a gradually increasing appetite but refuses to grow up.

but if your car of choice were a second-hand car... i mean, isang bayaran lang at sa iyo nang lubos...

I have to agree with doc here. 23.5k (consistent) won't cut it. 10k-15k alone goes for your car's monthly amortization and fuel expense.

8.5k - 13k nalang matitira sayo. PMS pa, annual insurance. unexpected events like ma bump car mo. etc.

Wag ka muna bibili ng brand new. Gaya ng sabi ni doc, if kaya mo bumili ng second hand car with cash, pwede ding option yun dahil wala ka nang poproblemahing monthlies.

If desidido ka talaga ng brand new, magipon ka muna for x number of years til nasa 50%+ worth of downpayment ka na. Para mas magaan. Or tiisin mo muna til mas financially capable ka na to own a brand new vehicle.

And to answer if ma-appprove ka sa above criteria na pinrovide mo.
If direct sa bank, I have a hunch na hindi ka maapprove sa vehicle choice mo, unless partner ng bank si Mitsu. Ang bagsak mo nyan is in-house financing, which is more expensive.

[zechs]

Hindi ba pwede i-subsidize ng company mo part of the car's cost? Magiging company car siya then after paying them off, sa iyo na mapapangalan ung car.

To tell you the truth, kung chummy mo ung branch manager, kahit anong salary pa nakalagay dyan ma-approve ka naman. Sagot mo na anong mangyari when you do get the car then start paying it off.

[chronicle]

May mga online loan calculator ang mga banks.

Imo, it is not best to state your earnings sa forums kahit na may account name ka.

Happy hunting.

[Master Bate]

*jumilae12 If you apply for a car loan sa bank directly, most of them require 40k a monthly earning capacity. Siguro you can also try sa casa na loan... mas mataas yung interest dun compared sa bank but they are more likely to approve. May mga officemates din ako kc earning 20-25k plus but approved getting a mirage


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[dreamur]

Start with a one year budget. Plug all your regular income and deduct all expected expenses (meals, clothing, gas, car maintenance,insurance, registration, etc.). If the bottomline is still green, think if that is what you want to be in your pocket at the end of the year. If it is in the red, it is out of the question.

Other considerations:

1. May pang DP ka ba?
2. Stable ba ang company?
3. Palagi bang may overtime pay?
4. Healthy ka ba?

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[shadow]

Yolo! Go!

Or gawin mong BFF si alvinladen

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[CVT]

Yolo! Go!

Or gawin mong BFF si alvinladen

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Iyan ang da best na suggestion!

[_Cathy_]

Yolo! Go!

Or gawin mong BFF si alvinladen

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Iyan ang da best na suggestion!

Nakakainit ng ulo

BTT: Minimum 50% down IMO to loan a car then shortest term possible.

[iamchardie23]

Hello mga sir, bago lang po ako dito and totally newbee po sa Car. Hingi sana ako advise sa inyo kung sapat na kaya yung income namin sa business para bumili ng car?

So 26 year old na po kami mag-asawa at my business, 2 years married but no baby yet. Laki din kami sa hirap pareho at nag sumikap para mag ka roon ng sariling negosyo kaya kung mayroon man kaming pag-gagamitan ng pera ay iniisip muna namin mabuti o nanghihingi ng advise sa ibang tao kung tama ba ang gagawin namin. We are planning to buy car next year sana but we are getting paranoid because of excise tax next year and the next two years. Ang net income namin sa business namin ay 120k to 150k a month. Plan na din namin mag baby this next year.

So hingi sana ako advise sa mga kuya ko dyan na mas may experience sa buhay, i do not want to regret later na kung bakit kumuha ako ng car na worth 1.5m, nga pala ang car na balak namin ay Mazda CX-5 FWD Pro at balak sana namin ay installment lang. So mga 10 to 15 years ba ang lifespan ng car? Ano ba ang tamang estado sa buhay para kumuha ng 1.5m car? Maraming Salamat po mga kuya!

go lang sa pagbuy ng car habang wala pang excise tax.

[rinkana]

Hello,

I am totally new here (can't start a thread, lol) and also a newbie with regards to cars. I really wanted a car and the excise tax implementation even triggered me more.

just wanna ask the same and some questions... Is it the time to buy my own Brand new Car? (this will be my first car)

What should be the percentage of my NET salary that can go to the monthly amortization? (please cite a range)

My State:
- stable job
- single
- above average height (* 5'11 but skinny)

Purpose:
- Weekend use only
- Long drives
- bili suka :D

Considerations:
- budget
- maintenance cost
- realibility

Cars I'm eyeing: (all M/T variant - need to learn manual first)
1. Lancer Ex - my dream car pero dahil sa bad reviews (and parts availability daw), kaya not sure
2. Elantra - I like the looks and interior but also has bad reviews
3. Altis - not sure if I can have this with my budget (E vs G variant?)
4. NP300 Navarra - If I have the budget, Ill go for this one
5. City - my last choice

Opinions please

I was also considering to buy a used car but my friends kept telling me to buy new para daw iwas sakit ng ulo.

Thanks in advance!

[dr. d]

Hello,

I am totally new here (can't start a thread, lol) and also a newbie with regards to cars. I really wanted a car and the excise tax implementation even triggered me more.

just wanna ask the same and some questions... Is it the time to buy my own Brand new Car? (this will be my first car)

What should be the percentage of my NET salary that can go to the monthly amortization? (please cite a range)

My State:
- stable job
- single
- above average height (* 5'11 but skinny)

Purpose:
- Weekend use only
- Long drives
- bili suka :D

Considerations:
- budget
- maintenance cost
- realibility

Cars I'm eyeing: (all M/T variant - need to learn manual first)
1. Lancer Ex - my dream car pero dahil sa bad reviews (and parts availability daw), kaya not sure
2. Elantra - I like the looks and interior but also has bad reviews
3. Altis - not sure if I can have this with my budget (E vs G variant?)
4. NP300 Navarra - If I have the budget, Ill go for this one
5. City - my last choice

Opinions please

I was also considering to buy a used car but my friends kept telling me to buy new para daw iwas sakit ng ulo.

Thanks in advance!

look at your financial status, po.
how much are you willing and able to put aside monthly, to pay for your dream car, and still live decently and in relative comfort?

see the various car plans. deduct the monthlies from your take-home income.
then kaltas an additional 5K monthly, from your remaining take-home money. this is my very conservative, estimated-out-of-the-hat monthly maintenance car expenses. gas, parking fees, insurance, pms schedule, etc. deduct 5K-10K more, if you feel you are maluho.
if you still can live comfortably on what remains of your income, then you might afford a car.

the next step, is to go convince the financing firm, that you are worthy of their gamble.

kayo lang po ang nakaka-alam kung magkano ang kita ninyo.
kayo lang po ang nakaka-alam, kung ano ang monthly gastos ninyo ngayon.
at kayo lang po ang nakaka-alam, kung magkano ang nai-papasok ninyo sa bangko buwan-buwan. pag bili nyo ng kotse, hindi na sa bank account pupunta ang perang yan. sa finance company na.
kaya po ba?

[exodudz]

*I can't reply with quote (newbie) but here's my response *rinkana

Honda City. I'm not saying this is the better brand/model out of your choices, but to my experience it was a reliable daily driver car (city driving mostly). I haven't had issues with it - very fuel efficient, and roomy for its segment. There are a number of debates on the PMS costs of manufacturers, but I'm satisfied w/ Honda service, so far. No comment on buying a brand new vs. pre-owned cars - i'll leave it to the gurus to answer this.

[dr. d]

i'm no guru.
but if buyer is a total newbie to cars, buying brand new is probably the safer, albeit, more expensive, choice.
but if one is knowledgeable with cars, buying used cars can be a money-saving experience.

personally, i wouldn't mind buying used car, if it seems, to me, that it was reasonably cared for by its owner.

[exodudz]

Hello,

I am totally new here (can't start a thread, lol) and also a newbie with regards to cars. I really wanted a car and the excise tax implementation even triggered me more.

just wanna ask the same and some questions... Is it the time to buy my own Brand new Car? (this will be my first car)

What should be the percentage of my NET salary that can go to the monthly amortization? (please cite a range)

My State:
- stable job
- single
- above average height (* 5'11 but skinny)

Purpose:
- Weekend use only
- Long drives
- bili suka :D

Considerations:
- budget
- maintenance cost
- realibility

Cars I'm eyeing: (all M/T variant - need to learn manual first)
1. Lancer Ex - my dream car pero dahil sa bad reviews (and parts availability daw), kaya not sure
2. Elantra - I like the looks and interior but also has bad reviews
3. Altis - not sure if I can have this with my budget (E vs G variant?)
4. NP300 Navarra - If I have the budget, Ill go for this one
5. City - my last choice

Opinions please

I was also considering to buy a used car but my friends kept telling me to buy new para daw iwas sakit ng ulo.

Thanks in advance!

City. I haven't had issues with it - very fuel efficient, and roomy for its segment. There are a number of debates on the PMS costs of manufacturers, but I'm satisfied w/ Honda service, so far. No comment on buying a brand new vs. pre-owned cars - better if gurus can answer this.