Suggestions for 800k budget

[jut703]

Precisely the reason why pre-owned hanap ko. At my current budget, walang pasok na brand new sa requirements ko- strike anywhere that seats 6-7, meaning flood capable that can seat 7.

I also beg to differ na di porke't 2nd hand di na pwede pangharabas. Remember I'm targetting a 1-3 year old vehicle, so di na siya pwede pangharabas?

Bro, alam mo naman si OB yan. All talk, no walk. Probably has never bought a pre-owned SUV/pangharabas machine.

I recently helped my aunt pick out a used ASX (2011 model). She got it for 650k, GLS SE variant. No headaches so far. Some minor niggles like faulty steering wheel audio controls, but I've brought it to the province and it was fine. Drove it to 200 and it was fine.

Just remember that it takes a bit of patience in finding the best secondhand car for your budget. There probably won't be a perfect secondhand unit with absolutely nothing to fix, but you can get close.

Heck, I just bought an 11-year old car and after a month (only had time to fix it on weekends), it's running well enough to be a highway cruiser that I can bring to the province.

Buying secondhand requires effort, but IMO if you have a bit of car knowledge and a lot of patience, it gives much better value for money than buying brand new.

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[jut703]

*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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[bjreyesmd]

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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Thanks bro! You got it right

Anyway, will visit bank warehouses next week to look at repossesed 2013 and 2014 everests and 2013 innovas. Hope to snag a good one.

[Kestana]

-double post-

[Kestana]

Thanks bro! You got it right

Anyway, will visit bank warehouses next week to look at repossesed 2013 and 2014 everests and 2013 innovas. Hope to snag a good one.

I suggest the following warehouses:

East West bank
Location: Sanford compound, West Service Rd., SLEX, Paranaque (take entrance beside old Astra Zeneca and Robinson's condo)
Comments: Usually open on a Saturday, but call first on Friday to check. Marami bago sa East West and you only need to put in a P10K check along with your bid form. They do bidding frequently, like once every one or two weeks. Due to the frequent bid periods, you're most likely to win even if you just meet the minimum bid. Wala ka kalaban most of the time.

UCPB
Location: Oyster Plaza warehouse, Sucat (near McDo and Airport mall)
Comments: Marami stock compared to other banks. Super dami. Also, they have a lot more expensive cars here like Santa Fes, Land Cruisers, BMWs, etc. But most of the stock don't have a price yet since they're still for redemption. Their bidding periods are infrequent and you'll have to rely on the sale price. Pwede pa naman tawaran yung sale price.

PSBank
Location: C5, Pasig (beside Wilcon and Red Ribbon)
Comments: Most popular since they're always open on a Saturday while most bank warehouses are only open on weekdays. Only thing I don't like at PSBank is you have to queue, get a number, and choose only three cars you want to open. Want to check more than 3 cars? Queue again. Maladas at least 30 mins wait time in line. Agawan to sa good stock during mornings, especially Saturday.

[minicarph]

You have to fast forward into the near futurre, buying those ladder SUvs now will only lose more of your money


The new fort and new montero are already launched an and will be released next year. This will create downward spiral of resale value of current Forts and monteros as more and more Forts and Montero will enter the used market.

It can be as early as 4-5 months from now. If you buy 800k now, guaranteed you will lose 300k kagad in 5 months as SUVs no matter how slightly used will settle at P500k range

We are now America in terms of saturation of cars because of the current car subprime crisis.

Best time to buy next year. Even I would think twice on getting a slightly used Montero at 500k, add 100k mods and gawin ko offroader sa Tanay trails

[bjreyesmd]

You have to fast forward into the near futurre, buying those ladder SUvs now will only lose more of your money


The new fort and new montero are already launched an and will be released next year. This will create downward spiral of resale value of current Forts and monteros as more and more Forts and Montero will enter the used market.

It can be as early as 4-5 months from now. If you buy 800k now, guaranteed you will lose 300k kagad in 5 months as SUVs no matter how slightly used will settle at P500k range

We are now America in terms of saturation of cars because of the current car subprime crisis.

Best time to buy next year. Even I would think twice on getting a slightly used Montero at 500k, add 100k mods and gawin ko offroader sa Tanay trails

That may be true for the Montero and Fortuner, but since naglabas na ng new Everest, I'm trying to take advantage of the relatively lower price of the previous model.

Might be remote na magkaroon ng 500k na 2 year old SUV sa market, I would rather keep it than sell it at that low a price.

[Tj_abs]

Montero sport '09-2010 or fortuner 07-09. Subok ko na both. Madali ang spare parts but inmo, iba pa din ang brand new. Gagamitin mo na lang at less headache.

[Juan Martinez]

Montero sport '09-2010 or fortuner 07-09. Subok ko na both. Madali ang spare parts but inmo, iba pa din ang brand new. Gagamitin mo na lang at less headache.

yung 2007-2009 fort, is it diesel fed? i have a 2007 fort gas fed odo reading at 60k+, but I don't it can command 700k much less 800k. Gusto ko nang maidispose ko na talaga ito--

[jut703]

Mababa mo talaga mabebeta pag gas Fortuner Atty. Mga 600-650k.

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