car loan

[dr. d]

+1. Waiting is the name of the game. My SA was already my friend. Still, the system lends itself to the choice that makes the dealership (and SA) the most money overall.

To illustrate:

Mine was a bank PO (UCPB). But I drove my unit home in 1 week, well technically 1 day (signed the bank PO in the morning and got the car in the evening), although the model was in demand (A Pearl White Fortuner V). How? Not because I was special. It was because, apart from the bank PO that gave a 1% incentive to the dealer, I paid 1% extra at the dealership itself, to match the minimum 2% incentive they usually add if you do in-house.

Not sure if you can do the same thing in your situation or whether you would be willing to. But if 1% extra is less than the excise tax, it's food for thought...



- servantguy -

that's one way of making oneself a unique and favored child!
now, is (i estimated) 15,000 pesos' worth of incentive tip, enough to insure promptness? apparently to servantguy, it is.
heh heh.

naku... soon, the casas will be deluged by numerous requests for something similar...

[pinkies]

ours is actually in-house financing. Dito sa office naman ung new Suzuki Ertiga ang bilis lang lumabas ang Bank PO today the following day nakuha na agad ang unit ung latest montero sports ng officemate ko dumating after 3 mos. and ung mirage after 2 mos. and most likely nga ang average waiting time is 2-3 mos. based sa mga napagtanungan ko dito sa office and other forums. And mukhang depende din sa brand na kinuha mo. OMG. nakaka test ng patience talaga.

[dr. d]

ours is actually in-house financing. Dito sa office naman ung new Suzuki Ertiga ang bilis lang lumabas ang Bank PO today the following day nakuha na agad ang unit ung latest montero sports ng officemate ko dumating after 3 mos. and ung mirage after 2 mos. and most likely nga ang average waiting time is 2-3 mos. based sa mga napagtanungan ko dito sa office and other forums. And mukhang depende din sa brand na kinuha mo. OMG. nakaka test ng patience talaga.

Christmas is coming.
i am very sure, as in Christmases past, that buyers will want to drive their new cars in time for Christmas.
now is simply not the right time to pine for a new car...

[servantguy]

that's one way of making oneself a unique and favored child!
now, is (i estimated) 15,000 pesos' worth of incentive tip, enough to insure promptness? apparently to servantguy, it is.
heh heh.

naku... soon, the casas will be deluged by numerous requests for something similar...

Uh-oh... Maybe I should have kept my mouth shut then... d:p

Don't get me wrong, I don't have boatloads of cash lying around. The extra 1% hurt. But if I didn't do it, the extra round trip plane ticket I would have needed to buy to sign the PO and receive the car after the waiting period would have hurt much much more.

- servantguy -

[dr. d]

Uh-oh... Maybe I should have kept my mouth shut then... d:p

Don't get me wrong, I don't have boatloads of cash lying around. The extra 1% hurt. But if I didn't do it, the extra round trip plane ticket I would have needed to buy to sign the PO and receive the car after the waiting period would have hurt much much more.

- servantguy -

it's a business proposition, po, thought out down to the last peso.
...way to go!

bili na lang siguro ako ng almera. no waiting sila. i already checked.
heh heh.

[tidus1203]

ours is actually in-house financing. Dito sa office naman ung new Suzuki Ertiga ang bilis lang lumabas ang Bank PO today the following day nakuha na agad ang unit ung latest montero sports ng officemate ko dumating after 3 mos. and ung mirage after 2 mos. and most likely nga ang average waiting time is 2-3 mos. based sa mga napagtanungan ko dito sa office and other forums. And mukhang depende din sa brand na kinuha mo. OMG. nakaka test ng patience talaga.

Yeah syempre demand-supply din... Bili ka Chevy or Nissan they would discount it so bumili ka na sa kanila. Syempre if hot models like Fortuner or Innova nako patience will be tested dami pang racket ng SAs hahahahaha...

[MamBad]

Need help since first car via Bank PO.

What document allows me to take my car home from the dealer. Is it the ATD?


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[keithdb]

Sa case ko yung bank and dealer na bahala. Pumunta lang ako dealer to get the car as soon as andun na unit.

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[kris_13]

Need help since first car via Bank PO.

What document allows me to take my car home from the dealer. Is it the ATD?


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Yung PDC tapos pirma-pirma then DP tapos uwi na with the car.

Check the car mabuti baka may mga tama. Sa umaga mo ilabas para maliwanag.

[MamBad]

Yung PDC tapos pirma-pirma then DP tapos uwi na with the car.

Check the car mabuti baka may mga tama. Sa umaga mo ilabas para maliwanag.

Salamat Sir. Wala naman kaso no OR/CR tapos dalin sa bahay diba? I just need to make sure insured na when I leave regardless or OR/CR status.


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[glenn_duke]

Yung PDC tapos pirma-pirma then DP tapos uwi na with the car.

Check the car mabuti baka may mga tama. Sa umaga mo ilabas para maliwanag.

Uso paba PDC sa mga bank loan?

[MR_BIG18]

Uso paba PDC sa mga bank loan?

yes...mas madaling kasuhan pag di nagbayad unlike pag auto debit

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[brom]

thanks.. sensya na po.. i need 5 posts to create a thread

[Chuknoy]

thanks.. sensya na po.. i need 5 posts to create a thread

Hello newbie here. ask ko lang ung case ko. I was refered by a friend dito sa sales agent ko ngaun. then xa na ung nagaackaso ng lahat for me including ung bank approval.

ask ko lang.. what if lahat nung banks na pinasahan nya for loan approval e nagapprove.. whats next na dun? mamimili ba ako / kami among sa banks kung cnu ung may better offer o lahat ng banks na un e same lang ng offer kc inhouse ung loan ko? I mean dahil c agent ung nagackaso? TIA

[servantguy]

Hello newbie here. ask ko lang ung case ko. I was refered by a friend dito sa sales agent ko ngaun. then xa na ung nagaackaso ng lahat for me including ung bank approval.

ask ko lang.. what if lahat nung banks na pinasahan nya for loan approval e nagapprove.. whats next na dun? mamimili ba ako / kami among sa banks kung cnu ung may better offer o lahat ng banks na un e same lang ng offer kc inhouse ung loan ko? I mean dahil c agent ung nagackaso? TIA

Ask to see the offers for all the banks, although expect some pre-negotiation has already happened there, quite possibly in favor of your SA/Dealer. At the end of the day, generally speaking, going straight to the banks yourself will give you the best deal.

- servantguy -

[Chuknoy]

Ask to see the offers for all the banks, although expect some pre-negotiation has already happened there, quite possibly in favor of your SA/Dealer. At the end of the day, generally speaking, going straight to the banks yourself will give you the best deal.

- servantguy -

Thanks servantguy. is it better to go straight sa banks? meron pa din bang mga freebies kapag dumerecho sa banks? like 3yrs lto reg, 1yr insurance, chattel mortgage, tpos ung mga car tint, zeat cover, etc.? sb kc ng agent cla lang daw ngbbgay ng ganyang freebies hehe.

[ale828]

Thanks servantguy. is it better to go straight sa banks? meron pa din bang mga freebies kapag dumerecho sa banks? like 3yrs lto reg, 1yr insurance, chattel mortgage, tpos ung mga car tint, zeat cover, etc.? sb kc ng agent cla lang daw ngbbgay ng ganyang freebies hehe.

it is better to go straight sa bank, you will get a lower interest rate but you may have to wait longer for your unit.

The freebies depends on the car you plan to buy. some cars come with very little freebies and some only come with all those you mentioned if you take their in house financing wherein the cost of the freebies are built in the cost of the car loan.

Ask the SA for a quotation that you can bring to the bank. tell them mag pa PO ka na lang sa bank. their quotation should include every freebies they are willing to give plus the cost of the rest if sa kanila kukunin like Insurance, etc.

[gian00]

Hi!

First time din po ako sa car loaning.. I don't really have any idea on how to start, literally zero.

-Ano po ba difference ng allin promo sa normal DP? Pag normal DP po ba may hidden charges pa? Sabi po kasi sakin pag allin promo daw po wala na daw insurance fee na babayaran.
Though, sa normal DP nakalagay naman dun sa freebies na 1yr insurance.
-Pag 20k po ang salary, ano po best option to carloan? Direct sa bank or Dealership/In-house financing? Anu po difference nila?
-Gano po katagal ang re-application just in-case ma-decline po ng bank?


Thank you ng marami!

[dos2]

Hi!

First time din po ako sa car loaning.. I don't really have any idea on how to start, literally zero.

-Ano po ba difference ng allin promo sa normal DP? Pag normal DP po ba may hidden charges pa? Sabi po kasi sakin pag allin promo daw po wala na daw insurance fee na babayaran.
Though, sa normal DP nakalagay naman dun sa freebies na 1yr insurance.
-Pag 20k po ang salary, ano po best option to carloan? Direct sa bank or Dealership/In-house financing? Anu po difference nila?
-Gano po katagal ang re-application just in-case ma-decline po ng bank?


Thank you ng marami!

Regardless of income, best option is to go with the ban loan vs in-house. Compute mo yung interest na binibigay sa iyo ng agent mo for in-house vs yung mga online computation ng mga banks. Comparatively yung 5 year loan mga 22-28% interest, ang in-house mga 32 to almost 50% depende sa kotse na gusto mong bilhin. Bakit kamo mas malaki interest ng in-house, kasi si dealer umuutang lang din yan sa bank. Since may middle man yung loan mo (si dealer), syempre may patong din sila jan.

Reapplication, not sure if 6 mos or 1 year. Pero kung wala namang nagbago sa income mo, why bother reapplying sa same bank. Better try your luck with other bank.

[I_Construct]

Hi! Newbie here...

Anyways, Here’s my situation. I have a delinquent CC, say year 2010.and i haven’t settled that until today. So, I tried my luck to apply for a carloan. and i received a text that i got approved at PSbank. i dont have any existing accounts with this bank. Then, after a few days
i paid and settled my dp in full.

as per agent, i am required to produce a PDC for my car to be released. would it be possible for me to apply for Checking account at PS Bank? i tried BPI in where i have my savings account, and i got denied.

thank you in advance!