car loan

[kebloks]

^Thanks for the answer

Another question: If the car loan is through bank financing, the down payment should be paid to the bank and not the dealer?

[kishAn]

^Thanks for the answer

Another question: If the car loan is through bank financing, the down payment should be paid to the bank and not the dealer?

Anywhere will do. But if you prefer to pay with the dealer, just pay the dp during unit release not while loan is still in process


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[fleas2016]

Paid to the dealer. Make a copy of the receipt for the bank.

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[kishAn]

Paid to the dealer. Make a copy of the receipt for the bank.

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No need, dealer will provide copy for the bank as part of the requirement as usually indicated in the PO


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[schlitztech]

Guys need your help is 60k dp and P14k for 60mos. For mitsubishi mirage G4 glx CVT is a Good deal?or pwede pa ihaggle already preapproved thru inhouse financing, Free CM, 3yr lto, 1yr ins. Plus freebies. Thank you

[jut703]

Guys need your help is 60k dp and P14k for 60mos. For mitsubishi mirage G4 glx CVT is a Good deal?or pwede pa ihaggle already preapproved thru inhouse financing, Free CM, 3yr lto, 1yr ins. Plus freebies. Thank you

Wow. 31% interest over 5 years.

A usual bank loan of 20% DP (140k) and 25% interest will just require you to pay 11.6k/month.

You're basically paying an extra 60k over the course of 5 years. If you're fine with that, then go ahead and get the in-house loan.

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[schlitztech]

Wow. 31% interest over 5 years.

A usual bank loan of 20% DP (140k) and 25% interest will just require you to pay 11.6k/month.

You're basically paying an extra 60k over the course of 5 years. If you're fine with that, then go ahead and get the in-house loan.

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Thank you. I wonder if 1yr ins, cm, 3yr lto is included in 11.6/month or i need to shell out some cash. If so, thru bank is the best deal for the 20% 140k cash out.

[kebloks]

No need, dealer will provide copy for the bank as part of the requirement as usually indicated in the PO


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Thanks! I got confused, the PO says "Less D.P. C/O BANK P1XX,XXX.00"

[kebloks]

Thank you. I wonder if 1yr ins, cm, 3yr lto is included in 11.6/month or i need to shell out some cash. If so, thru bank is the best deal for the 20% 140k cash out.

I suggest visit banks and make an Excel file with all the costs so you can decide objectively.

Hassle nga lang on your part, but 100k+ savings is no joke.

Here's what I did. This is a corporate(company) rate, that's why low DP, low interest, discount not disclosed.

Description	Security Bank	UCPB
Selling Price	₱1,010,000.00	₱1,010,000.00
Discount	₱0.00	₱0.00
Down Payment	₱101,000.00	₱101,000.00
Down Payment %	10.00%	10.00%
One month advance	₱18,726.92	₱18,483.00
Chattel Fee	₱28,187.00	₱18,700.00
LTO Registration	₱0.00	₱0.00
Insurance (1st year)	₱24,000.00	₱24,000.00
Other Fees
TOTAL Cashout	₱171,913.92	₱162,183.00
Loan Amount	₱909,000.00	₱909,000.00
Months to pay	60	60
Interest of Amount Financed	23.61%	22.00%
Amount Financed with Interest	₱1,123,614.90	₱1,108,980.00
TOTAL Cost of Car with Interest	₱1,224,614.90	₱1,209,980.00
Monthly Amortization	₱18,726.92	₱18,483.00
OVERALL Cost	₱1,276,801.90	₱1,252,680.00

[qtmandy]

Hi guys, need your advise..

I would like to get a car loan however I have doubts if my loan will be approved or not.

1. Is it possible if I'll use my husband's name and not include my name on the application? ( I have a CC issue wayback 2015 and I have not paid it yet)
2. His income is 50k salary + 50k remittance from his mom
3. I've talked to several dealers and they're telling me different answers (some says, they can just use my husband's name without putting my name on it, some says we cannot do that)
4. If a co-maker is really needed, can it be not from a first degree family? Can it be a friend or whoever else
5. Can you guys recommend a sales agent with high approval rates? I've back read and they highly recommend mazinger.. Do you guys still have contact with him?
6. Would like to loan: Toyota Vios 1.3 At at 20% downpayment (promos)

Thanks