car loan

[_Qwerty_]

diba nasa 678T na g4 GLX CVT?

yes sir...brand new po, 2016 Mirage G4 GLX CVT. This is direct bank loan thru BDO with a 30% DP of 181,500.00 then an MA of 13,409.00 on a 3-year contract. Staggered payment sa insurance for 12 months of 1,500.00.

[kamotekid1968]

yes sir *_Qwerty_, the dealer gave me a 75,000 discount at binawas nalang namin sa SRP kaya naging 605,000 tapos binawas ng dealer ang reservation namin na 5,000 sa kanya.

[_Cathy_]

Hi Guys Thanks sa mga advise niyo..yes ganyan nga mangyayari pag may Car nako gala & malling & I did'nt think of the post expenses after getting a
Car..for the person asking for may salary..45k/month po then my wife are working also earning 30k/month..i have pisonet business 10 units net earning 8k/month & have a 1 unit paupahan 3k/month..yan po..

Ang laki naman pala ng net niya P86k. Kayang kaya nga niya kahit P20k na monthly. Although if you are earning that much, don't you want to wait a little more and save for a larger DP?

[_Qwerty_]

you have to look at your monthly expenses.. kahit ba 100T ang NET.. eh kung 100T din expenses??

[whitedevil08048]

yes sir...brand new po, 2016 Mirage G4 GLX CVT. This is direct bank loan thru BDO with a 30% DP of 181,500.00 then an MA of 13,409.00 on a 3-year contract. Staggered payment sa insurance for 12 months of 1,500.00.

Laki Sir ng DP mo 30% wala nako ganyan kalaking pang cash out eh..i am thinking for a personal loan sana para pandagdag pang down pero yung 70k cash on hand ko yun lang sana gusto ko pang Down aLL In..pero i will still check on Month of May baka madagdagan pa Cash on Hand..pang Grab/Uber mo ba yung G4 mo?kelan mo siya naacquire?

[MR_BIG18]

Laki Sir ng DP mo 30% wala nako ganyan kalaking pang cash out eh..i am thinking for a personal loan sana para pandagdag pang down pero yung 70k cash on hand ko yun lang sana gusto ko pang Down aLL In..pero i will still check on Month of May baka madagdagan pa Cash on Hand..pang Grab/Uber mo ba yung G4 mo?kelan mo siya naacquire?

personal loan? well my advise is, wag ipili pag hindi kaya, PL is at 1.25-1.6% per month...hirap ng raming binabayaran

[dct]

80k+ ang income nyo pero 60k to 70k lang cash on hand mo? Wala kang ipon? Nako. Be ready mahatak yang sasakyan mo. Tapos isusugal mo pa ma-impound ang sasakyan mo para mag uber ng walang permit? Good luck brother

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[jut703]

Laki Sir ng DP mo 30% wala nako ganyan kalaking pang cash out eh..i am thinking for a personal loan sana para pandagdag pang down pero yung 70k cash on hand ko yun lang sana gusto ko pang Down aLL In..pero i will still check on Month of May baka madagdagan pa Cash on Hand..pang Grab/Uber mo ba yung G4 mo?kelan mo siya naacquire?

From your 86k net, let's assume you have 30k extra money after deducting all your other expenses and investments.

Sobrang dali lang ipunin ng extra 60k para mabuo mo yung 130k DP. 2 months lang yan sayo. 2 months na tiis = 5 years of an easier life.

Car value - 650k

Option 1: Low DP, high monthly, in-house loan
DP: 50k
Monthly: 14.5k
Total cash-out in 5 yrs: 920k

Option 2: 20% DP, low monthly, bank loan
DP: 130k
Monthly: 10.8k
Total cash-out in 5 yrs: 780k

That's a difference of 140k or roughly 2.3k/month for 5 yrs just because hindi ka makapaghintay ng 2 months.

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[_Cathy_]

80k+ ang income nyo pero 60k to 70k lang cash on hand mo? Wala kang ipon? Nako. Be ready mahatak yang sasakyan mo. Tapos isusugal mo pa ma-impound ang sasakyan mo para mag uber ng walang permit? Good luck brother

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And I hope he still has enough cash for emergency (at least 430k in the bank -6 mos of his net)

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[jut703]

80k+ ang income nyo pero 60k to 70k lang cash on hand mo? Wala kang ipon? Nako. Be ready mahatak yang sasakyan mo. Tapos isusugal mo pa ma-impound ang sasakyan mo para mag uber ng walang permit? Good luck brother

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YOLO! Basta ako magaabang lang ako sa mga banko. For sure in 2-3 years ang mura ng mga repo. 😆

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