Results 21 to 30 of 46
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August 30th, 2005 11:08 AM #21Originally Posted by MAXBUWAYA
sayang ... pero if u can afford , why not? good luck!
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August 30th, 2005 11:15 AM #22Originally Posted by thebluemystery
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August 30th, 2005 11:18 AM #23
anyway 23 ka pa naman you have time in the world para mag-ipon. pare ang hirap ng may loan sabi ko sa yo.
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February 4th, 2006 06:07 PM #24Originally Posted by hbk
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February 4th, 2006 07:07 PM #25Originally Posted by orly_andico
Yeah, 30% rule... When I applied for my loan (50% DP, 1 year to pay) the bank had me declare a 90k net income...
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March 8th, 2008 10:51 PM #26
Let me revive the thread here and add my thoughts....
For a brand new car I think you can go ahead and follow their suggestions. Pero for 2nd hand I would just skip getting an auto loan and instead get a personal loan so you skip all those appraisal ek ek the banks need to do. Then just pay youre personal loan accordingly. The best bit is in case di ka nakabayad ng personal loan you only ruin your credit worthiness but the car is still yours
Also as many already said try to maximize your DP and try to pay the balance at the shortest time possible. Not only will it save your in interest expenses but we never know the future. Who knows you can lose your job (there is no such thing as job security anymore) before your balance is done and that will mean a lot of trouble for you.
But of course as the others also suggest saving up for it is still the best. Sarap ng feeling of paying in cash and mas rewarding talaga....
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March 21st, 2008 02:21 PM #28
But it's better to have a loan if you can afford the DP and MA and other fees.
Try reading other threads especially the posts of *kane..you will learn a lot...Last edited by blueguy; March 21st, 2008 at 02:22 PM. Reason: rephrase
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March 22nd, 2008 07:22 AM #29
^^ In fact its never better to have a loan, its always better to pay cash when buying a car because its much cheaper in the long run. I know some people like to buy things NOW and since they don't have the capacity to pay in full they loan that is ok but just make sure you never think of the low monthly payments and extend your loan term more than 2 years since super lugi ka na nyan with the high interest rates....
Bottomline, wag pilitin bumili pag di kaya. Never hostage your future income (afterall we never know the future. You can get fired, or laid-off or your business could go under) for present use. Patience is a virtue, pagipunin mo na lang and you would be glad 3, 5 years from now you call your car your own....
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March 24th, 2008 01:30 AM #30
Depende sa capacity to pay niya, if you are assured nga of a good job, although pwede mo naman i fast track ang long term loan if you have available funds na and shorten it, then recompute everything, like what my friend did. But if you can afford to pay in cash, then pay in cash....that's the best
For minimum/daily wage earners, sayang yung extra day. Last night in the news there was one would...
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