Car loan (First time car buyer)

[17Sphynx17]

Sorry for the OT... Medyo may pagtatalo kami ni misis...

Buying a car. Sales person calculates na car loan based on in-house loan and bank loan...

Pero nung old days, naalala ko na we can go to our (bank) branch, they give us a calculation and they can coordinate pick-up of the unit from the closest dealership... Available pa ba itong option na ito?

Nung old days kasi, naaalala ko na mas mababa yung interest if you go to the bank directly.

you don't go to the dealer. you go to the bank since you are decided on the car model and trim anyway.

They can be the ones to get the quote from the dealer for you and provide their rate.

In house of dealer always higher plus their DI.

When direct to bank no "freebies" or very little in the way of add-on to give you for free. But what you save over the course of the car loan is worth more than any of them combined and much more.

[ice15]

you don't go to the dealer. you go to the bank since you are decided on the car model and trim anyway.

They can be the ones to get the quote from the dealer for you and provide their rate.

In house of dealer always higher plus their DI.

When direct to bank no "freebies" or very little in the way of add-on to give you for free. But what you save over the course of the car loan is worth more than any of them combined and much more.

Thanks... good to hear na same as how I remembered it "before"

I think you should be able to get the "usual" freebies, pero the window visor will be difficult...

[champlm]

Hi everyone, I'm planning on getting a car loan to buy my first car (bnew). The bank has offered me free chattel mortgage and insurance for the first year, provided I renew my insurance with them for the 2nd and 3rd year, the bank quoted me 25k and 22k (2nd and 3rd year) and participation fees for the 1st to 3rd year are as estimated to be 5k, 4.2k+, 3.8k+. My question is, is this the usual insurance and participation fee for brand new cars? I'm planning on getting the Altis 1.6V btw.

Any reviews with Charter Ping An?

Thank you.

the participation fee kung ok ba o hindi depends on the type of car na bibilhin mo. For a sedan, parang mahal yan.

Nabili mo na ba yung unit?

[ericb]

the participation fee kung ok ba o hindi depends on the type of car na bibilhin mo. For a sedan, parang mahal yan.

Nabili mo na ba yung unit?

Hindi pa Chief, pero karamihan naman sa napagtanungan ko (forums and personal friends) eh sabi nila mukhang reasonable naman for a bnew sedan.



Sir ohwtfitzsean, try to inquire sa metrobank sir, may free chattel/insurance (di kasama LTO, pero pwede makuha ng free sa dealer) sila hanggang July 9. Dun po kasi ako nag inquire e. Sayang yung promo ng security bank natapos na few months ago. Sana makatulong kahit paano

[jut703]

the participation fee kung ok ba o hindi depends on the type of car na bibilhin mo. For a sedan, parang mahal yan.

Nabili mo na ba yung unit?

Participation is usually 0.5% of insured amount. So 4-5k is normal for a 1M car.

Some insurance companies offer 0.25% participation but that's the exception and not the norm.


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[pjcunom]

Which car insurance sir will you you recommend?

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[JJB]

Which car insurance sir will you you recommend?

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I used the ichoose.ph website for 5 quotations from different insurance companies. I got fpg. Free delivery pa sa house ng papers!


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[pjcunom]

I used the ichoose.ph website for 5 quotations from different insurance companies. I got fpg. Free delivery pa sa house ng papers!


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You change insurance before the 2nd year? Any feedback backs about that insurance?

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[dr. d]

if you paid for the car, cold cash, you are not required to get comprehensive insurance of any sort, po. only the TPL, as required by law, is necessary.

[pjcunom]

if you paid for the car, cold cash, you are not required to get comprehensive insurance of any sort, po. only the TPL, as required by law, is necessary.

Why sir? Please enlighten me..[emoji1] but I'm getting autoloan.

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[JJB]

You change insurance before the 2nd year? Any feedback backs about that insurance?

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I've gotten good feedback with federal Phoenix or fpg. My car's not on bank loan


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[CLV]

BPI loan approved!!! Free chattel, free 1 yr insurance with AOG, with lower interest compare to Metrobank... Dealer free TPL, 3M tint, floormat, window visor, sparewheel lock, cargo tray, ERA card, early warning device, tools, car cover, 10k PMS labor free, 100k warranty...

Jackpot!!! Early Christmas gift for my family...

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[kelog91]

BPI loan approved!!! Free chattel, free 1 yr insurance with AOG, with lower interest compare to Metrobank... Dealer free TPL, 3M tint, floormat, window visor, sparewheel lock, cargo tray, ERA card, early warning device, tools, car cover, 10k PMS labor free, 100k warranty...

Jackpot!!! Early Christmas gift for my family...

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san to? pa refer? hehehehe

[CLV]

san to? pa refer? hehehehe

S BPI bro, BPI and Metrobank ako nag apply, BPI account existing ako pero mataas autoloan nila kaya tumingin ako s iba, s ibang banks nmn metrobank ang pinakalowest, nakipag deal ako s BPI n kung pede tapatan nila yung offer ng metrobank otherwise mapipilitan akong lumipat ng ibang bank. 1 day lang nagreply sila s email at mas mababa p ng konti lang nmn n interest

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[yubby24]

BPI loan approved!!! Free chattel, free 1 yr insurance with AOG, with lower interest compare to Metrobank... Dealer free TPL, 3M tint, floormat, window visor, sparewheel lock, cargo tray, ERA card, early warning device, tools, car cover, 10k PMS labor free, 100k warranty...

Jackpot!!! Early Christmas gift for my family...

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Saan ka pa pong ibang bank nag-apply bukod sa BPI? Nag-apply rin ako sa kanila online. Tumawag na sila sakin nung Friday for background check. Sa Security Bank pa lang ako approved sa ngayon eh. Tsaka anong car po kinuha nyo? Congrats sa new ride.

[CLV]

Saan ka pa pong ibang bank nag-apply bukod sa BPI? Nag-apply rin ako sa kanila online. Tumawag na sila sakin nung Friday for background check. Sa Security Bank pa lang ako approved sa ngayon eh. Tsaka anong car po kinuha nyo? Congrats sa new ride.

BPI baguio ako nag apply, ford metro baguio, everest kukunin ko bro, dapat sa dealer k din makipag deal bukod s bank, once cash yung downpayment pede k p bigyan ng discount bukod s mga freebies

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[yubby24]

BPI baguio ako nag apply, ford metro baguio, everest kukunin ko bro, dapat sa dealer k din makipag deal bukod s bank, once cash yung downpayment pede k p bigyan ng discount bukod s mga freebies

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Approved na rin ako sa BPI kahapon. Bigyan daw nila ako ng quote dun sa kausap daw nilang dealer (Honda Pasig). Magcheck din ako ng ibang dealer. Preferred ko sana sa Honda Rizal dahil may mga kakilala akong ahente dun na kawork ko dati. Nag-apply din ako sa ibang banks. Sa Security Bank pa lang ako approved tsaka sa BPI. Hintay pa ko ng reply from Metrobank at BDO.

[pjcunom]

Sir pano po yun first time ko kasi magautoloan.. magpapaapprove palang ako sa bpi, balak ko magdown ng 30% at 5 yrs term.

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[daryl25]

mga sir, sa may mga approval na and gusto kumuha ng nissan PM nyo lng ako madami kmi units na available(navara,juke,urvan,xtrail and patrol)
sa mga di po nakakuha ng approval sa bank PM nyo lng din po ako bka matulungan ko kyo. thanks

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[EsYuBi]

Sir pano po yun first time ko kasi magautoloan.. magpapaapprove palang ako sa bpi, balak ko magdown ng 30% at 5 yrs term.

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Punta ka sa bank ask for loan officer, pa quote mo ang price and % interest then pwede mo yan i compare s ibat ibang banko, kung san mas maganda offer dun ka mag loan. bibigyan ka nila ng list of requirements for autoloan sir.