Payment Scheme Dilemma

**blue0626** · April 20th, 2017 03:30 PM

Mga masters help....

I just decided to buy a new car for my parents. Initially MT ang pinili namin at nagbayad na kami ng 5k reservation fee. Nagbago isip ni erpats at AT na lang daw ang kunin so pinapalitan namin ng AT then sabi ko taasan ko na ang DP ko to 200k para mas bumaba ang monthly (thru phone na lang).

Sabi ni dealer na mas bababa ang monthly ko dahil mas mataas ang i DP ko. Then after few days nakita ko ang brochure at same lang ang computation ng monthly amortization with 200k sa 65k DP. Lumalabas na mas malaki ang total payment ng 200k DP to 65K DP. Sabi ko di ko kunin na ganun dahil mas mataas na nga DP ko pero mas napamahal pa ako, imbis na 200k edi 65k na DP na lang ang kunin ko pero sabi nya mag pepenalty na sya dahil na process na daw yung lahat ng docs at unit na lang daw ang inaantay dahil mali ang kulay na na assign sa akin. Not sure what docs sinasabi nya wala pa ako napirmahan I think yung docs ay yung mga pipirmahan for releasing ng kotse.
what to do?

**_Qwerty_** · April 20th, 2017 03:35 PM

kung wala ka pa namang napipirmahan, then get a loan sa bank, wag in house..

Originally Posted by blue0626

Mga masters help....

I just decided to buy a new car for my parents. Initially MT ang pinili namin at nagbayad na kami ng 5k reservation fee. Nagbago isip ni erpats at AT na lang daw ang kunin so pinapalitan namin ng AT then sabi ko taasan ko na ang DP ko to 200k para mas bumaba ang monthly (thru phone na lang).

Sabi ni dealer na mas bababa ang monthly ko dahil mas mataas ang i DP ko. Then after few days nakita ko ang brochure at same lang ang computation ng monthly amortization with 200k sa 65k DP. Lumalabas na mas malaki ang total payment ng 200k DP to 65K DP. Sabi ko di ko kunin na ganun dahil mas mataas na nga DP ko pero mas napamahal pa ako, imbis na 200k edi 65k na DP na lang ang kunin ko pero sabi nya mag pepenalty na sya dahil na process na daw yung lahat ng docs at unit na lang daw ang inaantay dahil mali ang kulay na na assign sa akin. Not sure what docs sinasabi nya wala pa ako napirmahan I think yung docs ay yung mga pipirmahan for releasing ng kotse.
what to do?

**blue0626** · April 20th, 2017 03:42 PM

Originally Posted by _Qwerty_

kung wala ka pa namang napipirmahan, then get a loan sa bank, wang in house..

Can I get a loan sa bank even though na approved na ang in house?

**ssaloon** · April 20th, 2017 03:45 PM

Originally Posted by blue0626

Can I get a loan sa bank even though na approved na ang in house?

I think it's gonna be 1 or the other. If you decide to loan through your bank, ask the dealer to pull out your approval for in-house financing.

**blue0626** · April 20th, 2017 03:50 PM

Originally Posted by ssaloon

I think it's gonna be 1 or the other. If you decide to loan through your bank, ask the dealer to pull out your approval for in-house financing.

I see, so it is ok to pull put the approved in-house financing. I already said to my dealer that I need to talk to him as he is still insisting na makakamura ako with 200K DP than 65k DP but with same monthly amortization

If ever na hindi sya pumayag I would have to let go my 5k reservation fee and look for another car or dealer.

**_Qwerty_** · April 20th, 2017 05:12 PM

reservation fee is refundable.

Originally Posted by blue0626

I see, so it is ok to pull put the approved in-house financing. I already said to my dealer that I need to talk to him as he is still insisting na makakamura ako with 200K DP than 65k DP but with same monthly amortization

If ever na hindi sya pumayag I would have to let go my 5k reservation fee and look for another car or dealer.

**ssaloon** · April 20th, 2017 05:22 PM

Originally Posted by blue0626

I see, so it is ok to pull put the approved in-house financing. I already said to my dealer that I need to talk to him as he is still insisting na makakamura ako with 200K DP than 65k DP but with same monthly amortization

If ever na hindi sya pumayag I would have to let go my 5k reservation fee and look for another car or dealer.

Yup, in-house will always be the most expensive choice, hence it will never be part of my options when purchasing a car.

**jut703** · April 20th, 2017 07:17 PM

Just request for the 5k refund (around 2-4 weeks processing), then get a bank loan with much lower interest vs in-house.

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**glenn_duke** · April 20th, 2017 07:18 PM

Originally Posted by blue0626

I see, so it is ok to pull put the approved in-house financing. I already said to my dealer that I need to talk to him as he is still insisting na makakamura ako with 200K DP than 65k DP but with same monthly amortization

If ever na hindi sya pumayag I would have to let go my 5k reservation fee and look for another car or dealer.

Iba naman kasi yung model ng dalawang sasakyan, yung 65k DP sa MT yun yung sa 200K sa AT yun. Kaya hindi apple to apple yang comparison mo.
Im sure magkaiba ang price ng MT sa AT at mas madalas mas mahal ang AT, baka nga TOTL na AT pa yung napili mo.
Yung 65k na DP baka promo yan, minsan hindi lahat ng model ay pasok sa promo.
Makikita naman yan sa computation sheet nung SA.

**BratPAQ** · April 20th, 2017 08:30 PM

Originally Posted by glenn_duke

Iba naman kasi yung model ng dalawang sasakyan, yung 65k DP sa MT yun yung sa 200K sa AT yun. Kaya hindi apple to apple yang comparison mo.
Im sure magkaiba ang price ng MT sa AT at mas madalas mas mahal ang AT, baka nga TOTL na AT pa yung napili mo.
Yung 65k na DP baka promo yan, minsan hindi lahat ng model ay pasok sa promo.
Makikita naman yan sa computation sheet nung SA.

galing mo nakita mo yun, didnt realize na magkaiba palang car yung 65k at 200k.