Bank PO = Discount from Dealer

[Ocin85]

Hi po newbie here..ask lang po sana ako if paano ko malalaman if the bDo bank approve our application after they call us for interview?

[kishAn]

Hi po newbie here..ask lang po sana ako if paano ko malalaman if the bDo bank approve our application after they call us for interview?

call bdo and directly inquire the status of your loan application

[advil]

Paano malalaman ng bank na may cash discount? maguusap ba ang bank at dealer? or ikaw ang magsabi sa bank na may cash discount and pakita na lang yung official quote?

[dos2]

Paano malalaman ng bank na may cash discount? maguusap ba ang bank at dealer? or ikaw ang magsabi sa bank na may cash discount and pakita na lang yung official quote?

Ikaw nalang magsabi sa banko by presenting the official quote to them para sigurado.

[kishAn]

Paano malalaman ng bank na may cash discount? maguusap ba ang bank at dealer? or ikaw ang magsabi sa bank na may cash discount and pakita na lang yung official quote?

initially ikaw magbabangit sa bank or tatanungin ka kung meron cash discount at saan mo ibabawas, sa down payment ba or unit price. icoconfirm din naman ng bank yun sa dealer

[Lew_Alcindor]

sa experience namin, wala talaga kaming binayaran sa banko before getting the vehicle. Ang banko ang magbibigay ng pera sa iyo, hindi ikaw ang magbibigay sa kanila.

Lahat sa dealer ang bayad: DP, yung AOG/AON part ng isurance, chattel mortage

Regarding the discount, IMO walang kinalaman dito ang PO. Nasa existing promo yan at kung paano ka makipag-haggle para mamaximize mo yung allowed discount.

And FYI, hindi po "freebie" yung floor mat. Standard yan sa lahat ng sasakyan.

[sparco21]

nung mag auto loan ako sa psbank last october, (5 days lang inabot nakuha ko na agad mirage ko) sa bank lahat ang bayad, dp, chattel and insurance. yung cash discount sa srp ko na pinabawas. para yung PO nila sa dealer eh yung price (less cash discount) ng auto. sa dealer naman eh free lto at tpl.

[Sharkbait101]

This seems to be the right topic.

I got an approved bank PO and got a 20K discount + freebies from a dealer.
However, bank called me that the dealer wanted to have the bank issue a credit advise instead.

Has anyone experienced this credit advise? How will this work vs a bank PO?

Dealer was claiming this is a practice they do to mitigate the withholding tax???
Bank was saying this will not work with them.

Now, I'm in a confused and in waiting mode.

[dale323]

This seems to be the right topic.

I got an approved bank PO and got a 20K discount + freebies from a dealer.
However, bank called me that the dealer wanted to have the bank issue a credit advise instead.

Has anyone experienced this credit advise? How will this work vs a bank PO?

Dealer was claiming this is a practice they do to mitigate the withholding tax???
Bank was saying this will not work with them.

Now, I'm in a confused and in waiting mode.

Guys, any update regarding this? Currently on the same boat. I was initially given the chance to choose between using the discount on the D/P or the SRP, we chose in DP. After a while, tumawag si bank at ayaw daw ni dealer maglabas ng credit advise. Sabi naman ni dealer, ayaw daw ni bank na sa DP ibawas. Ang weird lang since halos lahat ng kakilala ko ay sa Downpayment nila ginamit ang discount.

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[pobre24]

Guys, any update regarding this? Currently on the same boat. I was initially given the chance to choose between using the discount on the D/P or the SRP, we chose in DP. After a while, tumawag si bank at ayaw daw ni dealer maglabas ng credit advise. Sabi naman ni dealer, ayaw daw ni bank na sa DP ibawas. Ang weird lang since halos lahat ng kakilala ko ay sa Downpayment nila ginamit ang discount.

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A bank will not allow application of discount on DP. Especially if DP is 20%. That's the minimum DP for a car loan ( as far as I know, BSP regulation). Standard practice is discount on SRP then DP against the discounted price. DP will be a bit lower.

[graciekewl]

Hello po! I've seen na di na masyado updated ang post na to. Share ko lang ang situation ko ngayon.
Dealer gave 145k discount on the car. Bank subtracted that amount from the SRP, then yun ang basehan ng 20% dp ko. Walang libre except for the LTO registration. Insurance, chattel, tpl, sagot mo. Di ko kase kinagat ang inhouse financing ng dealer (low downpayment nga, taas naman ng amortization, mas malaki ang babayaran if you sum everything up)
Ang nakakapikon lang, di ka makakapag reserve ng unit, kahit pa mag offer ka ng bayad ng DP mo, unless lumabas ang bank P.O.
By that time, swertihan na lang kung merong available inventory ng kulay na gusto mo. If not, io-order nila, then wait for the unit for 10-15 days. Parang ice candy lang sa tag init ang bilis nilang maka benta ng kotse.

Wala lang, feelingerang 2nd class citizen ako kase di nila na maximize ang makukuha nilang pera sa akin, kaya huli ka sa pila, [emoji23] lol!


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[StockEngine]

Hello po! I've seen na di na masyado updated ang post na to. Share ko lang ang situation ko ngayon.
Dealer gave 145k discount on the car. Bank subtracted that amount from the SRP, then yun ang basehan ng 20% dp ko. Walang libre except for the LTO registration. Insurance, chattel, tpl, sagot mo. Di ko kase kinagat ang inhouse financing ng dealer (low downpayment nga, taas naman ng amortization, mas malaki ang babayaran if you sum everything up)
Ang nakakapikon lang, di ka makakapag reserve ng unit, kahit pa mag offer ka ng bayad ng DP mo, unless lumabas ang bank P.O.
By that time, swertihan na lang kung merong available inventory ng kulay na gusto mo. If not, io-order nila, then wait for the unit for 10-15 days. Parang ice candy lang sa tag init ang bilis nilang maka benta ng kotse.

Wala lang, feelingerang 2nd class citizen ako kase di nila na maximize ang makukuha nilang pera sa akin, kaya huli ka sa pila, [emoji23] lol!


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toyota pasig?

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[graciekewl]

toyota pasig?

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Union Motors Caloocan po


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[Syuryuken]

Hello po! I've seen na di na masyado updated ang post na to. Share ko lang ang situation ko ngayon.
Dealer gave 145k discount on the car. Bank subtracted that amount from the SRP, then yun ang basehan ng 20% dp ko. Walang libre except for the LTO registration. Insurance, chattel, tpl, sagot mo. Di ko kase kinagat ang inhouse financing ng dealer (low downpayment nga, taas naman ng amortization, mas malaki ang babayaran if you sum everything up)
Ang nakakapikon lang, di ka makakapag reserve ng unit, kahit pa mag offer ka ng bayad ng DP mo, unless lumabas ang bank P.O.
By that time, swertihan na lang kung merong available inventory ng kulay na gusto mo. If not, io-order nila, then wait for the unit for 10-15 days. Parang ice candy lang sa tag init ang bilis nilang maka benta ng kotse.

Wala lang, feelingerang 2nd class citizen ako kase di nila na maximize ang makukuha nilang pera sa akin, kaya huli ka sa pila, [emoji23] lol!


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bakit may TPL pa? AFAIK wala akong matandaang binayarang TPL. Anong unit yan?

[dr. d]

bakit may TPL pa? AFAIK wala akong matandaang binayarang TPL. Anong unit yan?

ganyan sila.
the SA will offer discounts, but will not inform buyer that the buyer will then have to shoulder the "previously-free" LTO, mortgage and TPL and compre(?) fees.
"nothing is free in the auto industry." they are very good at hiding the fees, somewhere in the payment scheme.

[_Qwerty_]

LTO and TPL should be free from dealer.
Insurance and Chattel.. you can haggle sa bank.

[dragon05]

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