Toyota Innova G AT or Fortuner G AT?

**poohge123** · August 15th, 2019 11:36 AM

Originally Posted by Egan101

Some people will pay the almost 200k premium of the Fortuner over the Innova. For the practical folks, it's a no brainer that they will go for the Innova.

As for the ALL-IN promos, it's better to compute for the total cashout across 5 years and compare it against a regular car loan.

As for the ALL-IN promos, it's better to compute for the total cashout across 5 years and compare it against a regular car loan.

Sorry sir pwede pa explain, I am totally new to this. Does it mean compare the rates to a car loan vs the rates ill be paying with the all in promo the dealer is offering?

**heavenlee** · August 15th, 2019 11:36 AM

Originally Posted by dr. d

i was driving the van by my lonesome, for years.
it's no big deal at all. i didn't feel lonesome nor cumbersome nor rattled.

my opinion has always been, "if you have nowhere to park it in, don't buy it".

innova versus fort.
the fort has arrive, albeit more difficult to climb into. the innova is practical and easier to get in, if that issue is important to the users.

I have an uncle who was an early adopter of the Ssangyong/Mercedes MB100 when it first came out in the 90's, and his usual rant to us is that he feels like a rattle when he's driving it all by himself.

Guess it got stuck in my head.

But I guess he loved that van because it's still with him up to now.

**_Qwerty_** · August 15th, 2019 11:38 AM

yes, mas malaking downpayment, mas mababa ang i lo loan mo, mas mababa interest na babayaran mo.

hingi ka nang mga computations.. then compute for the total cash out after the loan then compare..

Originally Posted by poohge123

A lot of confusing words haha pero i googled some and I got a clear picture of what you are trying to say sir. Basically, the all in promo is a trap. I may only be settling a low downpayment pero talo ako in the long run if i'm reading you right sir.

Also, with regards sa loan sa bank. Are you saying, mag downpayment ako as high as I can and pay the rest with a car loan?

**dr. d** · August 15th, 2019 11:38 AM

normally, cold cash is best, if one can afford it.
second best is the installment plan with the biggest down payment you are willing to pay.

buying a pre-owned is also a viable option, but some folks are allergic to pre-owneds.

**poohge123** · August 15th, 2019 11:38 AM

Originally Posted by heavenlee

Yes, sir, IT refers to the vehicles.

For fuel efficiency, I've had the chance to drive both alternately last year, for 3 consecutive months, and the innova came out a bit better in terms of being more frugal with the diesel. 2.8 vs 2.4 engine, but the innova was 1-2 kms ahead in terms of fuel mileage. If I'd get 11 km/liter on the fort, I'd get 12 to 13kms / liter with the innova on the same route, with me and only me as driver. Guess the lighter body of the innova and the bigger engine made it the better match for fuel efficiency compared for the fort. Hope that helps.

Makes a lot of sense now that I think about it. Thank you sir! That helps a lot! Kelangan ko na lang intindihin yung financial side of purchasing a new car. I think I'm leaning more into getting the Innova now.

**poohge123** · August 15th, 2019 11:43 AM

Originally Posted by _Qwerty_

yes, mas malaking downpayment, mas mababa ang i lo loan mo, mas mababa interest na babayaran mo.

hingi ka nang mga computations.. then compute for the total cash out after the loan then compare..

I see. So let's say I'm willing to shell out 100k downpayment. The rest will be car loan. I will be talking to bank which will give me the lowest interest rates and not the car dealership themselves diba?

Kakausapin ko lang yung casa to check what their freebies are when I decide to purchase my car with them diba?

**_Qwerty_** · August 15th, 2019 11:44 AM

example: 1M SRP

20% downpayment - 200T
80% loan - 800T

Bank 1 - 17T a month for 5 years = 17T x 60 = 1.02M - 800T = 220T interest
Bank 2 - 18T a month for 5 years = 18T x 60 = 1.08M - 800T = 280T interest
Bank 3 - 19T a month for 5 years = 19T x 60 = 1.14M - 800T = 340T interest

==

30% downpayment - 300T
70% loan - 700T

Bank 1 - 15T a month for 5 years = 15T x 60 = 900T - 700T = 200T interest
Bank 2 - 16T a month for 5 years = 16T x 60 = 960T - 700T = 260T interest
Bank 3 - 17T a month for 5 years = 17T x 60 = 1.02M - 700T = 320T interest

- - - - - - - - - - - - - - - - - - - - - -

yes, put everything (all their quotes) in writing.

Originally Posted by poohge123

I see. So let's say I'm willing to shell out 100k downpayment. The rest will be car loan. I will be talking to bank which will give me the lowest interest rates and not the car dealership themselves diba?

Kakausapin ko lang yung casa to check what their freebies are when I decide to purchase my car with them diba?

**Egan101** · August 15th, 2019 11:48 AM

Originally Posted by poohge123

As for the ALL-IN promos, it's better to compute for the total cashout across 5 years and compare it against a regular car loan.

Sorry sir pwede pa explain, I am totally new to this. Does it mean compare the rates to a car loan vs the rates ill be paying with the all in promo the dealer is offering?

Let's say you take the ALL-IN offer, your total cash-out would be (excluding maintenance) for a 5-year term:

Total Cash-out = ALL-IN DP + 60 (monthly amortisation) + insurance cost of 4 years

For a Regular Car Loan, it would be:

Total Cash-out = DP + LTO registration (first 3 years) + chattel mortgage fee + first year insurance + 60 (monthly amortisation) + insurance cost of 4 years

Insurance cost for the next 4 years evens out between the two options so the key things to consider are the items in the acquisition cost (DP, LTO registration, chattel mortgage, and first year insurance). If the difference in total cash-out is minimal, then by all means choose the one that works well within your financial capability at the time of acquisition.

**poohge123** · August 15th, 2019 11:57 AM

Originally Posted by _Qwerty_

example: 1M SRP

20% downpayment - 200T
80% loan - 800T

Bank 1 - 17T a month for 5 years = 17T x 60 = 1.02M - 800T = 220T interest
Bank 2 - 18T a month for 5 years = 18T x 60 = 1.08M - 800T = 280T interest
Bank 3 - 19T a month for 5 years = 19T x 60 = 1.14M - 800T = 340T interest

==

30% downpayment - 300T
70% loan - 700T

Bank 1 - 15T a month for 5 years = 15T x 60 = 900T - 700T = 200T interest
Bank 2 - 16T a month for 5 years = 16T x 60 = 960T - 700T = 260T interest
Bank 3 - 17T a month for 5 years = 17T x 60 = 1.02M - 700T = 320T interest

- - - - - - - - - - - - - - - - - - - - - -

yes, put everything (all their quotes) in writing.

Mejo familiar sakin yung concept na to. Same lang nung bumili kami ni wife ng bahay sa camella. Nag hanap din kami ng iba't ibang bank kung sino pinaka okay na interest rate.

As for the DP, is there a case wherein the dealership accepts payments in PDCs or talagang cold hard cash lang yung accepted DP?

**_Qwerty_** · August 15th, 2019 11:59 AM

Post dated check? yung ibang casa di nag accept nang personal checks.. kailangan manager's check or cash pag D/P.. and don't pay the DP hanggang di mo pa nakikita yung unit.. pwede mong bayaran ang DP on the same day na ilalabas mo yung unit..

Originally Posted by poohge123

Mejo familiar sakin yung concept na to. Same lang nung bumili kami ni wife ng bahay sa camella. Nag hanap din kami ng iba't ibang bank kung sino pinaka okay na interest rate.

As for the DP, is there a case wherein the dealership accepts payments in PDCs or talagang cold hard cash lang yung accepted DP?