application for auto loan but not yet decided on the car (choosing between 2 car type

**matthewpark84** · July 26th, 2015 11:56 PM

kelangan bang decided na sa car na bibilhin before you apply for a loan?

**JJ All Day** · July 27th, 2015 12:24 AM

syempre naman. the loanable amount will depend on the car value + the loan proceeds will go directly to the dealer

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**boytsiks** · July 27th, 2015 01:07 AM

Originally Posted by matthewpark84

kelangan bang decided na sa car na bibilhin before you apply for a loan?

Pede ka naman magpa approve muna tapos ipa ammend mo na lang kung sakaling ayaw mo ng first choice mo. Pero I think dapat medyo magkalapit ng loanable amount

**urefowei** · July 29th, 2015 10:03 AM

Follow up question po.. I assume brand new pinaguusapan dito, what about applying for loan ng second hand units? Considering lahat ng conditions of the car are pasado naman for bank financing, paano processng loan? kelangan po ba ng quote or ng agreed price ng owner?

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Follow up question po.. I assume brand new pinaguusapan dito, what about applying for loan ng second hand units? Considering lahat ng conditions of the car are pasado naman for bank financing, paano processng loan? kelangan po ba ng quote or ng agreed price ng owner?

**1D4LV** · July 29th, 2015 11:08 AM

Originally Posted by urefowei

Follow up question po.. I assume brand new pinaguusapan dito, what about applying for loan ng second hand units? Considering lahat ng conditions of the car are pasado naman for bank financing, paano processng loan? kelangan po ba ng quote or ng agreed price ng owner?

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Follow up question po.. I assume brand new pinaguusapan dito, what about applying for loan ng second hand units? Considering lahat ng conditions of the car are pasado naman for bank financing, paano processng loan? kelangan po ba ng quote or ng agreed price ng owner?

same process...... mas mataas nga lang equity mo na ibabayad mo sa bank.

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Originally Posted by urefowei

Follow up question po.. I assume brand new pinaguusapan dito, what about applying for loan ng second hand units? Considering lahat ng conditions of the car are pasado naman for bank financing, paano processng loan? kelangan po ba ng quote or ng agreed price ng owner?

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

Follow up question po.. I assume brand new pinaguusapan dito, what about applying for loan ng second hand units? Considering lahat ng conditions of the car are pasado naman for bank financing, paano processng loan? kelangan po ba ng quote or ng agreed price ng owner?

same process...... mas mataas nga lang equity mo na ibabayad mo sa bank.

**urefowei** · July 29th, 2015 11:22 AM

Originally Posted by 1D4LV

same process...... mas mataas nga lang equity mo na ibabayad mo sa bank.

tama po.. regarding equity, mababa naman principal, more than 60% less din kasi dun sa original price ng auto. hehe..

thanks po sa response. same process ibig sabihin po, magpapaquote na po ako, in advance dun sa seller? yung quotation ipapakita ko sa bank for approval (downpayment, terms, etc.)

if tama po, another followup question, I expect to upgrade or do necessary repairs (if needed) dun sa car for peace of mind (since second hand nga po siya), can I request for a higher loan amount? for example, yung quoted is 300k. pwede po ba ako magloan ng higher dun sa quoted (i.e. 330k)?

**1D4LV** · July 29th, 2015 11:28 AM

Originally Posted by urefowei

tama po.. regarding equity, mababa naman principal, more than 60% less din kasi dun sa original price ng auto. hehe..

thanks po sa response. same process ibig sabihin po, magpapaquote na po ako, in advance dun sa seller? yung quotation ipapakita ko sa bank for approval (downpayment, terms, etc.)

if tama po, another followup question, I expect to upgrade or do necessary repairs (if needed) dun sa car for peace of mind (since second hand nga po siya), can I request for a higher loan amount? for example, yung quoted is 300k. pwede po ba ako magloan ng higher dun sa quoted (i.e. 330k)?

yes..pa quote ka muna and i submit mo sa bank....... you may need to make a reservation fee sa seller kung kinakailangan.

you cannot loan higher that what was quoted to you..... yung repairs will go from your pocket.

**urefowei** · July 29th, 2015 06:13 PM

Originally Posted by 1D4LV

yes..pa quote ka muna and i submit mo sa bank....... you may need to make a reservation fee sa seller kung kinakailangan.

you cannot loan higher that what was quoted to you..... yung repairs will go from your pocket.

ok po.. thanks boss 1D4LV.

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Originally Posted by 1D4LV

yes..pa quote ka muna and i submit mo sa bank....... you may need to make a reservation fee sa seller kung kinakailangan.

you cannot loan higher that what was quoted to you..... yung repairs will go from your pocket.

ok po.. thanks boss 1D4LV.