TIPID MODE-KiaRio 1.2 Manual vs MitsubishiMirage G4 base Manual vs Vios 1.3 J variant

**niky** · November 24th, 2013 11:39 PM

Best get a comparable bank quote. A good bank should be to lop at least a thousand off those monthly payments.

**viper888** · November 25th, 2013 12:50 AM

Originally Posted by Mr. Budget

sirs need your feedback, good or bad deal. do I need to haggle pa or anything?
quotation from Laguna showroom. in-house financing ito, ill try to have a bank quotation for comparison. thanks (=

Mirage G4 GLX MT:

unit price is 578, 000
5 years scheme with 30% DP of 173,400
Amount to be financed 404, 600
Monthly Amort of 10, 024

Insurance Premium: Free
LTO registration: 7500
CM: 17236
Discount: 10, 000
Holiday Promo: 10, 000

freebies: rust proofing, tint, seat cover, EWD, Care care kit

TOTAL DP: 173, 400

The interest over 5 years is almost 50%
In house financing is always more expensive
I just checked in the BPI loan calc
it suggests a monthly of only 8.5k

Calculator - Auto Loan

**boytsiks** · November 25th, 2013 12:59 AM

Originally Posted by Mr. Budget

sirs need your feedback, good or bad deal. do I need to haggle pa or anything?
quotation from Laguna showroom. in-house financing ito, ill try to have a bank quotation for comparison. thanks (=

Mirage G4 GLX MT:

unit price is 578, 000
5 years scheme with 30% DP of 173,400
Amount to be financed 404, 600
Monthly Amort of 10, 024

Insurance Premium: Free
LTO registration: 7500
CM: 17236
Discount: 10, 000
Holiday Promo: 10, 000

freebies: rust proofing, tint, seat cover, EWD, Care care kit

TOTAL DP: 173, 400

Pards, for me bad deal yan. Inhouse, di free ang LTO? CM, sobrang laki yata for a loan of 404k? Tapos standard freebies lang? Based on my computation, 48% ang interest.

Magbank loan ka lang, makukuha mo pa rin yung freebies na yan.

**Mr. Budget** · November 25th, 2013 11:59 AM

initially binibigay ng libre ung LTO, peru nung may pnapafill up sakin at cnbi ko na mag bbank finance ako, tnanggal ung free LTO, bka daw mpagalitan sya. okie thanks mga sir. pa compute muna ko bank, den balikan ko c miss SA, ihaggle ko ung LTO, saka kwesyunin ko ung mahal na CM, try ko mkaiskor ng mudguard, 3M tint at iskurin pa ang pwedeng maiiskor (=
btw, the G4 looks decent, not striking, peru strong looking, maybe gawa nung design ng harap.

**boytsiks** · November 25th, 2013 02:57 PM

Originally Posted by Mr. Budget

initially binibigay ng libre ung LTO, peru nung may pnapafill up sakin at cnbi ko na mag bbank finance ako, tnanggal ung free LTO, bka daw mpagalitan sya. okie thanks mga sir. pa compute muna ko bank, den balikan ko c miss SA, ihaggle ko ung LTO, saka kwesyunin ko ung mahal na CM, try ko mkaiskor ng mudguard, 3M tint at iskurin pa ang pwedeng maiiskor (=
btw, the G4 looks decent, not striking, peru strong looking, maybe gawa nung design ng harap.

Nagfill up ka na pala sa dealer ng application? Try to ask your SA kung ni-lodge na nila ang application mo. Base sa sinabi sa kin ng bank officers nung nagcacarloan ako, pag nagfill up ako ng application through dealers at nakakuha sila ng approval, yung dealers rate na ang maibibigay ng bank sa kin... Parang centralize sila sa ganyan. Although di ko rin maintindihan kasi bakit ka pedeng makakuha ng several approvals from different banks pero pag may approval ka ng dealer, yung dealer's rate ang mag-aapply. I have ask 3 banks, ganun ang sinasabi nila sa kin. Better check with your SA... If not you will have to wait for 3 months yata para magexpire yung approval.

**dr. d** · November 26th, 2013 12:19 AM

Originally Posted by boytsiks

Nagfill up ka na pala sa dealer ng application? Try to ask your SA kung ni-lodge na nila ang application mo. Base sa sinabi sa kin ng bank officers nung nagcacarloan ako, pag nagfill up ako ng application through dealers at nakakuha sila ng approval, yung dealers rate na ang maibibigay ng bank sa kin... Parang centralize sila sa ganyan. Although di ko rin maintindihan kasi bakit ka pedeng makakuha ng several approvals from different banks pero pag may approval ka ng dealer, yung dealer's rate ang mag-aapply. I have ask 3 banks, ganun ang sinasabi nila sa kin. Better check with your SA... If not you will have to wait for 3 months yata para magexpire yung approval.

this is what i understand...
your financial schedule to the bank is what is known to you. but only the bank and the dealer know for how much the car is really going.
and the SAs are to work within a certain "leeway" only...

**Walter** · November 29th, 2013 08:10 AM

When one applies for bank loan thru dealer, the SA can demand for a higher percentage incentive from the bank (about 1-3%). If one goes directly to the bank, the bank is the one who decides how much commission to give (normally 0.6 to 1.0%). Best would be to buy car in cash and get a car loan thru reimbursement, this is cheaper by 0.5-1.0% per year.

**Mr. Budget** · December 4th, 2013 01:09 PM

mga brod, nkakuha ko bank quotation sa bpo, pcheck nman kung good deal toh over sa inhaws na pinost ko b4.

unit: 578, 000 discounted to 558, 000
DP: 167, 400 (30%)
amount finance: 390, 600
term: 60 months
add on rate: 30.26 % (without one month advance) 29.13% (with 1 month advance)
monthly amortization: 8, 480 (without one month advance) 8, 407 (with 1 month advance)
CM: 14, 567
compre insurance: 19, 035

haggle price na ung insurance, mahal pa din ba? nu pa pdeng ihaggle at idiskarte?
kakalogkalog na auto ko, kelangan na tlga bago.

salamat