Quote Originally Posted by Gecko Guy View Post
*jut703: As what I have posted earlier, I'm all go if the vehicle we are talking about is the just the same model. I'm all go for that, buy the 2nd hand vehicle because it'a a good deal.

I'm talking about the New Everest vs. the old model here...night and day difference between the two and If I have 800K to burn, then this is what I will do:

Selling Price[emoji14]1,399,000.00
Downpayment[emoji14]699,500.00
Amount Financed[emoji14]699,500.00
Monthly Amortization[emoji14]14,839.00/month for 5 years or 22K+/monthly for 36months
the 100K left will be for the insurance, chattel, etc.

Again this is for the NEW Everest vs. the old model
Why Everest? Kasi the TS mentioned it...
Of course the new Everest is much better than the old Everest, or the Fortuner, or the Montero. It's also much more expensive.

The new Everest Trend costs almost 800k more than the 3-year old Everests that bjreyes is looking at. That's twice the price. 800k is enough tuition for 4 years of college plus allowances. 800k is a lot of money for investment.

You're proposing for him to DP 800k, then loaning the rest. Instead na makatipid and magstick to the budget, uutang pa siya.

I noticed this happens a lot in this forum. Someone sets a budget and then others propose something else that's much more expensive. Never mind that it's better, it blows out your budget. Why not get a Land Cruiser instead? We're way off budget anyway.

I think if he wanted a brand new SUV, he'd say so. He has a Lexus IS after all. But the point of the thread was a relatively cheap pre-owned, go-anywhere SUV that seats 7. If the Everest at 750-800k isn't to his liking, there are similarly-aged Fortuner Gs and Montero GLS-Vs for about 850-900k.

Just my 2 cents. ☺

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