Bank Rebate, how it works?

[marcusfilter]

Good day guys

Question lang, My car was(Honda City 2010 1.3s) carnapped last May 2010 and after the long process the insurance finally paid it ng 670k(prior is 640k then naging 670k after complaining) sa sobrang tagal ng processing um-ok na ako sa 670k

last December 28, 2010 bag meet na kami ng tao ng Peoples General sa Sterling Bank(don na naka Finance yung car) they paid the 670k in check and was advised by the people there to follow up this week

I called them and ang makukuha ko na lang daw is 120k na lang

Amount to be finance is 576,000
Monthly ko is 14,700/month(9 months po ako nagbayad, last payment ko is nung December 15

Almost 5k yung interest ng Sterling for 60 months, nung binayaran na sila ng Insurance(Peoples General) naging 8k na daw ang monthly interest. Tataas po ba o dapat bumababa ang interest kasi mas maagang natapos?

Hope someone can enlighten/help me with this issue right now

Di ko pa kayang pumunta sa Bank ngayon, nanghihina ako sa nangyari, sobrang laki kasi ng nawalang money.

thanks

ride safe

[actor21]

hindi ba pwede ibigay sayo ang amount then bumili kana lang ng second hand na kotse at ituloy mo nalang ang monthly mo?

so bale ang lalabas lang e, napalitan ng iba ang kotse mo pero yung monthly amort mo sa Sterling Bank the same padin?

ang labo nun if ever.

[marcusfilter]

hindi ba pwede ibigay sayo ang amount then bumili kana lang ng second hand na kotse at ituloy mo nalang ang monthly mo?

so bale ang lalabas lang e, napalitan ng iba ang kotse mo pero yung monthly amort mo sa Sterling Bank the same padin?

ang labo nun if ever.

kung ganon nga lang ang gagawin nila, ituloy ko na lang at kumuha ng new car with them pa din. Pero sobra naman talagang laki ng interest na ginawa...lumalabas na 6k lang daw yung napupunta don sa car and 8k sa interest ng bank alone

[actor21]

sir ituloy nyo nalang kase ang laki ng mawawala sa inyo..bumili kana lang ng second hand na CIVIC tapos tuloy mo monthly amort mo...

[marcusfilter]

sir ituloy nyo nalang kase ang laki ng mawawala sa inyo..bumili kana lang ng second hand na CIVIC tapos tuloy mo monthly amort mo...

Di na daw pedeng ituloy sir...close book na daw kasi, fully paid na raw yung car eh...punyemas talaga yan

[marcusfilter]

what happened is the interest in not equally divided in 60months(Sterling Bank)First month interest is 8300 then goes down for a hundred/s per month

This thing that wasnt disclose to me before purchasing the car, I assumed that it's equally divided. I asked one of BPI Auto Car Loan Manager if their Auto loan is Equally divided, she said YES

Lesson learned the hard way...that's life, live with it

ride safe guys

[mark_t]

Good day guys

Question lang, My car was(Honda City 2010 1.3s) carnapped last May 2010 and after the long process the insurance finally paid it ng 670k(prior is 640k then naging 670k after complaining) sa sobrang tagal ng processing um-ok na ako sa 670k

last December 28, 2010 bag meet na kami ng tao ng Peoples General sa Sterling Bank(don na naka Finance yung car) they paid the 670k in check and was advised by the people there to follow up this week

I called them and ang makukuha ko na lang daw is 120k na lang

Amount to be finance is 576,000
Monthly ko is 14,700/month(9 months po ako nagbayad, last payment ko is nung December 15

Almost 5k yung interest ng Sterling for 60 months, nung binayaran na sila ng Insurance(Peoples General) naging 8k na daw ang monthly interest. Tataas po ba o dapat bumababa ang interest kasi mas maagang natapos?

Hope someone can enlighten/help me with this issue right now

Di ko pa kayang pumunta sa Bank ngayon, nanghihina ako sa nangyari, sobrang laki kasi ng nawalang money.

thanks

ride safe

Request ka ng detailed SOA.