Car Loan Interest Rates?

[james00112233]

*munskie, akala ko naghahanap ka pa lang ng bank na pwede mong i-loan, yun pala may napili ka na.
I checked on BPI website na yung 24months nila ay 11.70%

[munskie]

oks lang sir kishan,

Yup sir james....wala rin naman ako choice, pag pumili ako other bank, sankadumak na CI pa gagawin.....buti na lang mababa sa CBC.

[PasigGuy]

rate ng RCBC Savings:

BRAND NEW

TERM (Mos.)REGULAR (%)
12 6.28
18 9.19
24 12.42
36 19.04
48 26.48

SECOND HAND/USED CARS (2001 and above)

TERM (Mos.)REGULAR (%)
12 9.40
18 13.85
24 18.69
36 29.64

[daimengrui]

rate ng RCBC Savings:

BRAND NEW

TERM (Mos.)REGULAR (%)
12 6.28
18 9.19
24 12.42
36 19.04
48 26.48

SECOND HAND/USED CARS (2001 and above)

TERM (Mos.)REGULAR (%)
12 9.40
18 13.85
24 18.69
36 29.64

quite high compared with BDO and BPI still, you can negotiate this. These rates are not written in stone.

[ajOT]

rate ng RCBC Savings:

BRAND NEW

TERM (Mos.)REGULAR (%)
12 6.28
18 9.19
24 12.42
36 19.04
48 26.48

SECOND HAND/USED CARS (2001 and above)

TERM (Mos.)REGULAR (%)
12 9.40
18 13.85
24 18.69
36 29.64

juz wondering , why is the APR or interest rate of second hand/used car is comparatively higher compared to brand new cars?
aint that suppose to be that second hand cars should have lower rates since the car is used/second hand?

[Horsepower]

Bpi

12- 4.6%
18- 7.05%
24- 10.45%
36- 16.40%
48- 23.05%
60- 29.95%

[kishAn]

Bpi

12- 4.6%
18- 7.05%
24- 10.45%
36- 16.40%
48- 23.05%
60- 29.95%

with free insurance pa ata yan eh

[lowprofile69]

with free insurance pa ata yan eh

per annum ba yung interest rate na yan?

[CVT]

with free insurance pa ata yan eh

In our case wala, when we got our vehicles from them October, 2009... Medyo tumaas ng kaunti ang rates, though...

per annum ba yung interest rate na yan?

This is how it goes,- you multiply the loaned amount by the corresponding interest rate in the table, and then, divide the product by the number of months and there you have your monthly amortization.... (grabe ano?,- the rates are not based on the declining balance... )...

9707:electricf:

[james00112233]

This is how it goes,- you multiply the loaned amount by the corresponding interest rate in the table, and then, divide the product by the number of months and there you have your monthly amortization.... (grabe ano?,- the rates are not based on the declining balance... )...

I think ganun sila kumikita...

[morefreehemp]

Good day to all. I've just recently purchased a 4x2 Mitsubishi Montero Sports under BDO, payable in 24 months with 40% DP & 16% interest.

Mr. Mazingerz or Luis assisted us all throughout the process since I've asked for his help getting the new unit and having us approved w/ the bank. Thank you very much sir.

I can vouch for him if you need help acquiring a new car through bank financing & thanks tsikot.com, this site had really helped us a lot.

[james00112233]

Good day to all. I've just recently purchased a 4x2 Mitsubishi Montero Sports under BDO, payable in 24 months with 40% DP & 16% interest.

Mr. Mazingerz or Luis assisted us all throughout the process since I've asked for his help getting the new unit and having us approved w/ the bank. Thank you very much sir.

I can vouch for him if you need help acquiring a new car through bank financing & thanks tsikot.com, this site had really helped us a lot.

morefreehemp: congrats on your new ride!
malaking tulong talaga ang ginagawa ni mazingerz sa mga tsikot member.
sana huwag kang magsawa sa pagtulong.

[VINdicated]

Hello Tsikoters,

I'm planning to get Toyota Innova next month, paano ko ba makokontak si Sir Mazingerz? PM na lang or pwede pasend ng number nya? TIA!

Regards,
VINdicated

[james00112233]

Hello Tsikoters,

I'm planning to get Toyota Innova next month, paano ko ba makokontak si Sir Mazingerz? PM na lang or pwede pasend ng number nya? TIA!

Regards,
VINdicated

you can just PM him

[qman]

Maybank

Nissan Navara 4x2 AT on 20%DP

36 -21.93%
48 -30.66%
60 -40.32%

[EnriqueHajela]

Car Loan Interest Rates are 16.5% for 3 years. if you increase time duration then percentage is also increased.

__________________________________
Fast Bad Credit Car Loan

[emel_third]

Unit Price 685,000.00

Down Payment Amount 137,000.00
Comprehensive Insurance 27,400.00
Chattel Mortgage Fee 19,724.00 FREE
LTO Registration (3 Years) 7,200.00 FREE

Gross Total Down Payment 164,400.00
Less: Discount - 20,000.00
Net Total Down Payment 144,400.00
Amount to be Financed 548,000.00

60 Months 13,258.00

Others: FREE: Floor Mat, Seat Cover, Tint, Standard Tools & Jack,
P 1,000 Fuel Card, Free Labor 1st 1,000 & 5,000kms Check Up.

paki chek po ninyo sir ok lang bah?

[avianbreeder]

Just pm me repakol ur contact details and i'll see what I can do. . . .

good day sir,
ask ko lang kung pwede din kayo mag financed sa used cars i found a ford escape dito din sa tsikot.com. Plano ko mag 50% down and the balance payable for 2 years. Maraming salamat po. Nasa abroad po ko ngayon but you can text me thru my roaming no. +639089249654 and also at jssabino*yahoo.com

[avianbreeder]

Bpi

12- 4.6%
18- 7.05%
24- 10.45%
36- 16.40%
48- 23.05%
60- 29.95%

good day sir, just want to ask if these rates applies to brand new cars? what about used? thanks

[kishAn]

Unit Price 685,000.00

Down Payment Amount 137,000.00
Comprehensive Insurance 27,400.00
Chattel Mortgage Fee 19,724.00 FREE
LTO Registration (3 Years) 7,200.00 FREE

Gross Total Down Payment 164,400.00
Less: Discount - 20,000.00
Net Total Down Payment 144,400.00
Amount to be Financed 548,000.00

60 Months 13,258.00

Others: FREE: Floor Mat, Seat Cover, Tint, Standard Tools & Jack,
P 1,000 Fuel Card, Free Labor 1st 1,000 & 5,000kms Check Up.

paki chek po ninyo sir ok lang bah?

for sure you got this quote from the dealer. mataas sir ang quote sayo eventhough the Chattel Mortgage and LTO are free.

DEALER P13,258 x 60 months + total cash out mo(DP and insurance)=PHP939,880

BANK regular rate P12,431 x 60 months + total cash out(DP,Insurance, Chattel & LTO)=PHP913,061

dp-137,000/insurance-27,400/chattel-15,601/lto-7,200. = 167,201
12,431 x 60 + 167,201 = 913,061

939,880(dealer) - 913,061 (bank regular rate)=PHP26,819

ibig sabihin PHP26,819 ang loss mo if you go to dealer eventhough free ang Chattel and LTO sa kanila compare to the bank na di free pero maliit lang ang monthly amortization. yung 20k discount di mawawala yan kahit sa banko ka sir magloan at yung other free na sinabi mo sir usually ay standard yan. yung insurance na qoute sayo sir ay medyo mataas din dapat mga P23,+++ lang yan eh(though di ko ma pa quote yung exact kasi di ko alam kung ano unit eh) and take note regular rate lang sir ong pinaqoute ko sayo, so your monthly amorts may went down pa siguro mga 500 plus.

PM mo na lang ako sir if your interested to apply for a loan