car loan

[gun_slinger88]

How soon can a bad credit record removed? I had a situation before where a relative asked to use my CC and promised to pay the due. We were living on the same house then so I agreed. Okay naman ang payment niya for the first few months. Hindi ko na ginamit yung card after kasi I had other cards naman para hindi magulo yung charges and siya lang ang magbabayad. After I moved out and went on my own, hindi na pala nila binayaran yung remaining months. I didnt bother to check kasi tiwala ako. I had to pay the balance after I learned about it but the damage had been done. I applied for a CC last year but was denied because of this. Just wondering if this will also reflect sa car loan just in case. Plano ko kasi kumuha ng sasakyan by the end of the month.

[_Qwerty_]

if you paid the balance.. bakit nasa bad credit record ka pa din?? dapat wala ka don.. and pano mo nalaman na yun ang dahilan bakit ka nadeny for CC?? di naman nila sinasabi dahilan pag na de deny..

How soon can a bad credit record removed? I had a situation before where a relative asked to use my CC and promised to pay the due. We were living on the same house then so I agreed. Okay naman ang payment niya for the first few months. Hindi ko na ginamit yung card after kasi I had other cards naman para hindi magulo yung charges and siya lang ang magbabayad. After I moved out and went on my own, hindi na pala nila binayaran yung remaining months. I didnt bother to check kasi tiwala ako. I had to pay the balance after I learned about it but the damage had been done. I applied for a CC last year but was denied because of this. Just wondering if this will also reflect sa car loan just in case. Plano ko kasi kumuha ng sasakyan by the end of the month.

[gun_slinger88]

if you paid the balance.. bakit nasa bad credit record ka pa din?? dapat wala ka don.. and pano mo nalaman na yun ang dahilan bakit ka nadeny for CC?? di naman nila sinasabi dahilan pag na de deny..

I think because umabot siya sa point na may collection agency that sent a letter to me which is how I learned na hindi nila nabayaran. I just assumed na yun ang reason bakit ako nadeny because I was applying for a credit card of the same bank as required for my company sponsored trip abroad.

[vm_dmesa]

Hello mga boss
Ask na din ako pasensya na hindi na ko makapagbackread.
I have a current application for auto loan on bank BPI. first time ko to purchase a car and na-preapproved na ng bank pero hindi ko sure kung tama ba yung computation at paano ang susunod na process. Naguguluhan din ako kung kanino po ba ko magbabayad ng downpayment sa dealer o sa bank?
And kung direct ba ko na nagloan sa bank, consider ba as Cash yung payment ko sa dealer?
Sayang kung sakali gusto ko pa sana bumaba yung downpayment at wala pa po dito yung mortage and insurance so tataas pa yung downpayment ko?

Eto yung computation:
Unit: Mirage G4 glx cvt
578000 - SRP less 50k discount
115600 - 20% D/P
14.690 / 36 mos
14.37% - OMA / 15.20% in arrear interest

Any ideas po. Thanks.

[999]

Hello mga boss
Ask na din ako pasensya na hindi na ko makapagbackread.
I have a current application for auto loan on bank BPI. first time ko to purchase a car and na-preapproved na ng bank pero hindi ko sure kung tama ba yung computation at paano ang susunod na process. Naguguluhan din ako kung kanino po ba ko magbabayad ng downpayment sa dealer o sa bank?
And kung direct ba ko na nagloan sa bank, consider ba as Cash yung payment ko sa dealer?
Sayang kung sakali gusto ko pa sana bumaba yung downpayment at wala pa po dito yung mortage and insurance so tataas pa yung downpayment ko?

Eto yung computation:
Unit: Mirage G4 glx cvt
578000 - SRP less 50k discount
115600 - 20% D/P
14.690 / 36 mos
14.37% - OMA / 15.20% in arrear interest



Any ideas po. Thanks.

hi

are you comparing this bank computation with the offer of dealer 's inhouse financing.?
my advise :: bank quotation vs the computation of inhouse financing. and compare them side by side via spreadsheet..

[Walter]

If you have the funds, buy the vehicle in cash and get a reimbursement car loan from the bank, you're interest can go down to as low as 4.06%. It's cheaper since the bank does not need to give dealer's commission. Yes, even if you went directly to the bank, bank will still have to give commission. Cars dealers have an agreement with the banks.

[999]

If you have the funds, buy the vehicle in cash and get a reimbursement car loan from the bank, you're interest can go down to as low as 4.06%. It's cheaper since the bank does not need to give dealer's commission. Yes, even if you went directly to the bank, bank will still have to give commission. Cars dealers have an agreement with the banks.

i agree with you. ...pero most of the banks now are offering less than 4% per annum add on interest rates for one year loan. i had mine handled by my account officer with PSbank. siya na lahat bahala. then best pa makukuha ko deal. pm me.

[edwardclaver]

Good day..Guys pa quote naman nito approximate lang kung bank financing para may idea ako kung sakali kung magkano ilalabas kong pera. pasama na rin yung comp. insurance, chattel at LTO if ever po

2013 honda jazz 1.5
srp - 857,000
20%dp - 171,400
loan ammount- 685,600
60 mos to pay

Thanks in advance

[montannyjm]

hi everyone, in relation to this. I just want to ask lang din po. I eagerly want to own a car right now. kahit 2nd hand. mga 500k-600k ang worth. or hanggang 10k ang monthly amortization. The situation is, I don't think my salary is enough to warrant a car loan from any banks considering that I also have credit card backlogs, if my brother and I combine our monthly salaries it will total to 50k. is this enough to present to any lending inst what do you think?

maapprove ba ako kahit sa mga independent na lending institutions?

or im

Thank you po!

[Mr. Budget]

question- if you will directly apply for a bank loan without initially haggling from SA, would the bank base its computation from the car's market price? or would they try to look for a good deal/discount for you?

[stavros]

question- if you will directly apply for a bank loan without initially haggling from SA, would the bank base its computation from the car's market price? or would they try to look for a good deal/discount for you?

Try to accomplish the bank approval first before thinking other things.

[qman]

some banks do that but most often the buyer is the one haggling the price from SA. Anyways, di naman agad agad ginagawa ang contract kahit approve ka na so me time ka pa makipag haggle and you can choose and tell your bank kung kaninong dealer ka kukuha ng unit.

[Monte]

question- if you will directly apply for a bank loan without initially haggling from SA, would the bank base its computation from the car's market price? or would they try to look for a good deal/discount for you?

Mas mabuti kung ikaw pa rin maghahanap.

[kamoteboy911]

Question - My friend offered his 2o11 altis E Manual for assume balance of 14k X 33 months.
Cash out of 60k. 22k odo, not flooded, casa maintained.
Do you think this is a good deal? I would really love to get feedback on this. thanks.

(Please remove if irrelevant to this thread.)

[[archie]]

^^ good deal in my opinion.

[jhimz016]

Question po, bakit po inooffer ng mga SA yung rust proofing? Di po ba dapat kasama na yun? And pag bank loan yung payment mo, di po ba talaga free ang LTO at sa in house lang sya inooffer as free?

[_Qwerty_]

optional lang yang rust proofing.. you can say no..

pag bank loan.. same lang nang freebies pag cash buyer.. so kung hindi ni offer sa cash buyer yung free LTO wala din yun pag bank loan.. usually pag in house lang ni offer yun kasi nababawi nila sa interest yun.. sa laki nang interest nila..

Question po, bakit po inooffer ng mga SA yung rust proofing? Di po ba dapat kasama na yun? And pag bank loan yung payment mo, di po ba talaga free ang LTO at sa in house lang sya inooffer as free?

[jhimz016]

Thanks po qwerty... Kanina kausap ko yung SA from Ford, binigyan nya ako ng 185,000 for down payment including chattel, 3years lto and standard freebies, ang nasa 15K ang monthly payment for 60mos for fiesta totl... Alam ni SA na may approved bank loan dahil kinausap sila nung bank manager na nag approved sa akin nung loan, question, pwede ko ba kunin yung inoffer ni SA pero ipapacompute ko kay bank ung monthly para bumaba yung monthly payment ko?

[stavros]

Thanks po qwerty... Kanina kausap ko yung SA from Ford, binigyan nya ako ng 185,000 for down payment including chattel, 3years lto and standard freebies, ang nasa 15K ang monthly payment for 60mos for fiesta totl... Alam ni SA na may approved bank loan dahil kinausap sila nung bank manager na nag approved sa akin nung loan, question, pwede ko ba kunin yung inoffer ni SA pero ipapacompute ko kay bank ung monthly para bumaba yung monthly payment ko?

Lahat ng option pwede mo gawin, ikaw dapat ang set ng situation for them and not the other way around. If ayaw nila tapatan, hanap ka ng iba na kaya.

[jhimz016]

Lahat ng option pwede mo gawin, ikaw dapat ang set ng situation for them and not the other way around. If ayaw nila tapatan, hanap ka ng iba na kaya.

Thanks *stavros for the input... Isa pa po tanong, pano po yung way na mafoformalize yung offer nila into writing para pag dumating yung time na magkakabayaran na kami, kung ano yung unang napag usapan eh yun pa rin ang masusunod? Mejo kinakabahan kasi ako na pag dumating yung bilihan time eh magback out sila sa napagkasunduan during haggling?!