Auto financing

[buratsi]

What Financing company that can give best rate and promos?

[1D4LV]

Bank always gives off a better rate compared to inhouse financing.

[Lew_Alcindor]

There are so many threads about this already. Use the search function.

[torps04]

Hi guys,

Di kasi ako makapag start ng thread for this one, so dito ko nalang itatanong.

Is it ok to buy a second hand car then look for a bank to finance it? Or better to find someone selling his car na under pa ng bank financing tapos i-continue ko nalang?
Kasi based on my research, mas mataas pa ang magiging total value nung second hand kesa brand new.

Sobra tight kasi budget.

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Hi guys,

Di kasi ako makapag start ng thread for this one, so dito ko nalang itatanong.

Is it ok to buy a second hand car then look for a bank to finance it? Or better to find someone selling his car na under pa ng bank financing tapos i-continue ko nalang?
Kasi based on my research, mas mataas pa ang magiging total value nung second hand kesa brand new.

Sobra tight kasi budget.

[boytsiks]

Hi guys,

Di kasi ako makapag start ng thread for this one, so dito ko nalang itatanong.

Is it ok to buy a second hand car then look for a bank to finance it? Or better to find someone selling his car na under pa ng bank financing tapos i-continue ko nalang?
Kasi based on my research, mas mataas pa ang magiging total value nung second hand kesa brand new.

Sobra tight kasi budget.

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

Hi guys,

Di kasi ako makapag start ng thread for this one, so dito ko nalang itatanong.

Is it ok to buy a second hand car then look for a bank to finance it? Or better to find someone selling his car na under pa ng bank financing tapos i-continue ko nalang?
Kasi based on my research, mas mataas pa ang magiging total value nung second hand kesa brand new.

Sobra tight kasi budget.

How tight is tight?

If I were you, I'll save up to buy a second hand car in cash. Mataas ang interest rate ng second hand car.

Regarding assume balance, kung ibebenta man ng may ari yun most probably he'll cover up his losses. Yung naidown nya at previous month amort nya, hingin syo.

Kung sobrang tight ng budget, ipon pa hangang makaluwag. Bak mashort ka rin sa budget, sayang ang pangDP mo

[rodetor]

I agree with boytsiks. Talo kapa nyan kung idaan mo sa financing ang isang second hand car. Kung mag-financing ka dapat sa bago. Sa bago, na naka-name sa iyo, at hindi salo. Hindi salo na itutuloy mo monthly hulog. Ang resale value ng isang sasakyan ay hindi tumataas sa ganyang nai-isip mo.

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[torps04]

Salamat sa inyong mga comments. Nagmuka na tuloy sakin tong thread. haha

Ang balak ko kasi bumili ng van para makapag start ng negosyo. Iniisip ko kahit seccond hand sana para kahit papaano hindi na ganun kamahal, kaso ang problema ko kasi wala pa ako cash on hand na pambayad, since ang haanap ko ay yung mga van na 3-4 yrs pa lang nagagamit. So malaki pa din na cash kelangan. Kaya naisip ko na ibank finance ang second hand. Pero tama nga kayo sa sinabi nyo, gusto ko lang madaliin ang pagtupad sa pangarap ko na magkaroon ng munting negosyo.

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Salamat sa inyong mga comments. Nagmuka na tuloy sakin tong thread. haha

Ang balak ko kasi bumili ng van para makapag start ng negosyo. Iniisip ko kahit seccond hand sana para kahit papaano hindi na ganun kamahal, kaso ang problema ko kasi wala pa ako cash on hand na pambayad, since ang haanap ko ay yung mga van na 3-4 yrs pa lang nagagamit. So malaki pa din na cash kelangan. Kaya naisip ko na ibank finance ang second hand. Pero tama nga kayo sa sinabi nyo, gusto ko lang madaliin ang pagtupad sa pangarap ko na magkaroon ng munting negosyo.

[rodetor]

A brand new car whether bought in cash or financing, start to depreciates its market value at the time of release from casa/plant. And never o mahirapan ka mai-resale sa price value nya as brand new. Same as second hand cars.

Sent from my UP+ using Tapatalk

[David Mandeeli]

Look for a good dealer.

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Inhouse would be a good option if you do not have req.

[urefowei]

Good morning po sa lahat mga katsikot!

Sino po nakapagtry na ng Toyota Financial Services? Loan interest rates seems at par sa bank interest rates based sa interest calculator sa website (roughly around 5-7% effective yearly or yung compounded interest rate) which is far better than the quoted rates ng in-house financing (i mean yung mga quoted rates ng mga All-in downpayments which goes as high as 17% yearly compounded interest rate).

back to the question, sino nakapagtry na po? hehe

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Good morning po sa lahat mga katsikot!

Sino po nakapagtry na ng Toyota Financial Services? Loan interest rates seems at par sa bank interest rates based sa interest calculator sa website (roughly around 5-7% effective yearly or yung compounded interest rate) which is far better than the quoted rates ng in-house financing (i mean yung mga quoted rates ng mga All-in downpayments which goes as high as 17% yearly compounded interest rate).

back to the question, sino nakapagtry na po? hehe

[Capsaul]

gaano katagal inaabot ang car bank loan to get approved? 1 month na kasi sakin wala pang say ang bank, naiinip nako..

[lakay77]

Good morning po sa lahat mga katsikot!

Sino po nakapagtry na ng Toyota Financial Services? Loan interest rates seems at par sa bank interest rates based sa interest calculator sa website (roughly around 5-7% effective yearly or yung compounded interest rate) which is far better than the quoted rates ng in-house financing (i mean yung mga quoted rates ng mga All-in downpayments which goes as high as 17% yearly compounded interest rate).

back to the question, sino nakapagtry na po? hehe

nag try ako magpaquote sa TFS ok naman ang rates basta mataas and DP mo pwede din nila tapatan ang ibibigay ng bank just in case nagpa quote na kayo.

[Joseph Madera]

gaano katagal inaabot ang car bank loan to get approved? 1 month na kasi sakin wala pang say ang bank, naiinip nako..

sa experience ko 1 day lang basta pasa na lahat ng requirements

[dishcom]

gaano katagal inaabot ang car bank loan to get approved? 1 month na kasi sakin wala pang say ang bank, naiinip nako..

1 day lang sir. basta ok lahat ng requirments mo...

[dfa172001]

sir, our 2 vehicle vios and fortuner, parehas TFS, ok sila, mabilis mag approve, sa rate tatapatan nila kung anu man yung rate na binigay ng bank sa yo. mas mababa pa nga ng 150 pesos monthly amortization yun binigay sa aminng TFS, just talk to your toyota agent, sabihin mo kung kaya nya tapatan yung rate na binigay sa yo ng bank. yung 2nd vehicle namin which is fortuer, nagfillup lang kami ng application ng umaga, hapon approved na agad. basta goodpayer ka and updated ang amortization mo.

[1Vergel]

guys, meron akong friend working abroad who wanted a civic fd asap, and sa kin nya pinapaayos, meron ng 200k on hand, and need pa ng 150k, ask ko lang kung may chance maapprove ang loan or car finance kung ang borrower ay working abroad, thanks

[mda]

ASAP? Doubtful, you may need to end up the co-signor. And that is not good.

[hondabishi]

guys, meron akong friend working abroad who wanted a civic fd asap, and sa kin nya pinapaayos, meron ng 200k on hand, and need pa ng 150k, ask ko lang kung may chance maapprove ang loan or car finance kung ang borrower ay working abroad, thanks

Pwede maapprove!

pag sa bank, kelangan mag provide sya ng authorization letter na yung tao dyan sa pinas (relative nya or ikaw) ay ang magttrancsact on behalf nya lalo na if di tlaga sya makakauwi kahit sa day na marrelease na yung car, need din ng employment contract na authenticated ng Philippine consulate and proof of remittance. I'm an OFW and base sa experience ko yan sa bank. Kung may kakilala kayo sa bank baka mas mapadali yung process and mabawasan yung mga requirements na hihingin sa kanya.

Pag in-house, mas konti requirements and di na need ipa authenticate yung employment contract sa Philippine consulate. Kahit sya mismo makipag transact directly sa agent thru email or any messaging app kaya...depende sa agent yan pero karamihan kaya nila gawan paraan kahit out of the country kausap nila (specially pag OFW). May special arrangement kase talaga sila for OFW clients....sa bank din naman may certain process sila for OFW pero mas madami requirements hihingin sa bank.

[1Vergel]

great! thanks for the info...

[1Vergel]

Pwede maapprove!

pag sa bank, kelangan mag provide sya ng authorization letter na yung tao dyan sa pinas (relative nya or ikaw) ay ang magttrancsact on behalf nya lalo na if di tlaga sya makakauwi kahit sa day na marrelease na yung car, need din ng employment contract na authenticated ng Philippine consulate and proof of remittance. I'm an OFW and base sa experience ko yan sa bank. Kung may kakilala kayo sa bank baka mas mapadali yung process and mabawasan yung mga requirements na hihingin sa kanya.

Pag in-house, mas konti requirements and di na need ipa authenticate yung employment contract sa Philippine consulate. Kahit sya mismo makipag transact directly sa agent thru email or any messaging app kaya...depende sa agent yan pero karamihan kaya nila gawan paraan kahit out of the country kausap nila (specially pag OFW). May special arrangement kase talaga sila for OFW clients....sa bank din naman may certain process sila for OFW pero mas madami requirements hihingin sa bank.

galing na ako sa banks, need ang appearance ng borrower, kahit ofw...
salamat sa info, try ko sa mga agents...