Trade-In question

**SzMchFrLv** · May 8th, 2021 12:06 AM

Hi po. just want to gain knowledge about trading in car. first, a little background lang po, My family owns a Mistusbishi Montero MT. We acquired via financing. this is our first car and so newbie pa lang po ako about transactions and car knowledge. We dont miss naman po our monthly payments. but now we are deciding to purchase an AT. But since our car is not fully paid yet and still have atleast 3 years to pay. I wanted to ask if its possible for a trade-in kahit hindi pa siya fully paid to purchase or avail a new car. and if possible pwede ba siya for other brand? We are really looking at Geely. Thanks po in advance for your help and apologies on my ignorance. Thanks!

**dr. d** · May 8th, 2021 07:27 PM

Originally Posted by SzMchFrLv

Hi po. just want to gain knowledge about trading in car. first, a little background lang po, My family owns a Mistusbishi Montero MT. We acquired via financing. this is our first car and so newbie pa lang po ako about transactions and car knowledge. We dont miss naman po our monthly payments. but now we are deciding to purchase an AT. But since our car is not fully paid yet and still have atleast 3 years to pay. I wanted to ask if its possible for a trade-in kahit hindi pa siya fully paid to purchase or avail a new car. and if possible pwede ba siya for other brand? We are really looking at Geely. Thanks po in advance for your help and apologies on my ignorance. Thanks!

OT.
not to insult geely, but
why do you want to replace your monty with a geely?

**EQAddict** · May 8th, 2021 07:32 PM

The Geely Okavango (spelling not sure) looks much more luxurious than a Monty at 3/5 the price. Heck it looks like a BMW x5. Not out of place in an executive's garage. Its also a 48v hybrid. Ive seen one up close. Very impressive.

And Geely is 10x larger than Mitsubishi with a much more impressive roadmap. Heck they own Volvo.

Gotta take off our made in China blinders off when it comes to cars nowadays.

If Tesla doesnt come to the Philippines soon, my first EV will most likely be Chinese.

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**Egan101** · May 8th, 2021 07:35 PM

Originally Posted by EQAddict

The Geely Okavango (spelling not sure) looks much more luxurious than a Monty at 3/5 the price. Heck it looks like a BMW x5. Not out of place in an executive's garage. Its also a 48v hybrid. Ive seen one up close. Very impressive.

And Geely is 10x larger than Mitsubishi with a much more impressive roadmap. Heck they own Volvo.

Gotta take off our made in China blinders off when it comes to cars nowadays.

If Tesla doesnt come to the Philippines soon, my first EV will most likely be Chinese.

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I have seen a couple of Okavangos within BF Homes. They are about as big as the Forester SJ but they have a 3rd row seat. At 1.3M, you get value for money for what it offers.

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**EQAddict** · May 8th, 2021 07:37 PM

Bro probably larger than the Forester . I could be wrong but they looked definitely larger and longer.

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**jut703** · May 8th, 2021 07:52 PM

Okavango definitely larger. Interior space beats the PPVs and 3rd row is actually spacious even with full-sized seats instead of the typical jump seat.

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**thearsenal1205** · May 8th, 2021 09:00 PM

Originally Posted by SzMchFrLv

Hi po. just want to gain knowledge about trading in car. first, a little background lang po, My family owns a Mistusbishi Montero MT. We acquired via financing. this is our first car and so newbie pa lang po ako about transactions and car knowledge. We dont miss naman po our monthly payments. but now we are deciding to purchase an AT. But since our car is not fully paid yet and still have atleast 3 years to pay. I wanted to ask if its possible for a trade-in kahit hindi pa siya fully paid to purchase or avail a new car. and if possible pwede ba siya for other brand? We are really looking at Geely. Thanks po in advance for your help and apologies on my ignorance. Thanks!

i'm on a same league with dr. d. Not insulting or bashing geely.
and why considering a geely okavango and not a Toyota Innova?

MPV Spec Check: Toyota Innova vs. Geely Okavango

Actually if you test drive an okavango at geely dealers, you might win some geely's prizes. Unfortunately not a new okavango though.

Test drive a Geely Okavango, get a chance to win prizes

**SzMchFrLv** · May 8th, 2021 09:15 PM

It is actually my brother's choice (the actual owner of our montero). I believe hes looking at the Geely because of its features (like the 360 camera, spacious interior, adjustable headlights) with its price range. not final naman po na Geely talaga if ever. Thanks po for all your replies, sorry but medyo parang lumalayo po duon sa inquiry ko about trade-in. hehe though your replies po are really helpful with those additional knowledge and added perspective. If you have any idea lang po about the trade-in process or its possible. will highly appreciate po your help. Thanks!

**Egan101** · May 8th, 2021 09:24 PM

Originally Posted by SzMchFrLv

It is actually my brother's choice (the actual owner of our montero). I believe hes looking at the Geely because of its features (like the 360 camera, spacious interior, adjustable headlights) with its price range. not final naman po na Geely talaga if ever. Thanks po for all your replies, sorry but medyo parang lumalayo po duon sa inquiry ko about trade-in. hehe though your replies po are really helpful with those additional knowledge and added perspective. If you have any idea lang po about the trade-in process or its possible. will highly appreciate po your help. Thanks!

Wala ata trade-in among local dealers except for the European car dealers. What happens is that a dealer works with a partner buy&sell. The buy&sell offers you a price for your car and you can use the proceeds to pay partially the car that you like from the dealer.

In some European car dealers, they do purchase back some models and they refurbish them to factory specifications. Then the dealer would sell the car as “certified pre-owned”.

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**dr. d** · May 8th, 2021 09:31 PM

Originally Posted by SzMchFrLv

It is actually my brother's choice (the actual owner of our montero). I believe hes looking at the Geely because of its features (like the 360 camera, spacious interior, adjustable headlights) with its price range. not final naman po na Geely talaga if ever. Thanks po for all your replies, sorry but medyo parang lumalayo po duon sa inquiry ko about trade-in. hehe though your replies po are really helpful with those additional knowledge and added perspective. If you have any idea lang po about the trade-in process or its possible. will highly appreciate po your help. Thanks!

i do not think mitsubishi will accommodate you in purchasing from the competition.

but if your mortgage provider is a bank...
talk to the bank.
perhaps they can help you.
after all, they stand to earn more from you in your next car purchase...
good luck.