Car Loan Interest Rates?

[_Qwerty_]

^^ tsaka sobrang taas nang insurance.. 27T? dapat yan nasa 14T to 15T lang sir.

[kishAn]

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

ako na sir sasagot para kay sir horsepower.

yes the rate only apply to brand new cars only, mas mataas ang rate ng second hand car.

[Horsepower]

Thanks Kishan, I was told by the manager na negotiable pa yan. Meaning, pwede pa sya mas babaan. Kino-convince kasi kami na kumuha ng car loan. Good luck

[Horsepower]

ttttttttttt

[Horsepower]

here is BPI's autoloan calculator.

http://info.bpiexpressonline.com/bpi...LoanCalculator

and yes, free insurance nga ata ito with Force Majeure (aka Acts of God) by BPI/MS insurance.

[mazingerZ]

The catch with BPI's auto loan tie up with BPI/MS is you will be forced to get your renewal of your comprehensive insurance with them for two years at a higher premium (diyan nila babawiin ang free first year mo) - locked up kasi kasama sa provision ng chattel provisions.

[Horsepower]

Thanks MazingerZ, I'll bring that up with the manager when we meet again. Pang discussion lang ba. hehe.

[kishAn]

The catch with BPI's auto loan tie up with BPI/MS is you will be forced to get your renewal of your comprehensive insurance with them for two years at a higher premium (diyan nila babawiin ang free first year mo) - locked up kasi kasama sa provision ng chattel provisions.

oh i see, thanks for the info now it make sense

Thanks Kishan, I was told by the manager na negotiable pa yan. Meaning, pwede pa sya mas babaan. Kino-convince kasi kami na kumuha ng car loan. Good luck

hth. make sure sir that you get the special rate

Thanks MazingerZ, I'll bring that up with the manager when we meet again. Pang discussion lang ba. hehe.

haha pwede ring pang negotiate para mas lalong bumaba ang rate. goodluck sir

[kusschen]

Hello everyone, i'm new user here, just want to inquire regarding refinance car loan, my mom, 65 years old inquired to an agent which referred by a family friend for a car refinancing, she assisted my mom and had my mom's signature for the application, my sister is a co maker but never signed to any documents, they didn't even submitted any ID's, mom informed the agent to pls hold the application and wait for my sister's approval because my sis will be the one to pay it since she is working abroad, the agent later declared to my mom that the application has been approved! we were surprised because my sis never signed and they didn't give their ID's! my sis advised my mom to back out since she can't also afford to pay it back the interests as well. Now this agent is asking 12k for her service fee and started to harassing us, she said her service fee supposed to be is 25k! do we have to pay for that??? help pls! my mom can't sleep and getting sick now, what we shall do???

[jom's]

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

mga tol pano ko makukuha yung interest rate from this quotations?

[mark_t]

Hello everyone, i'm new user here, just want to inquire regarding refinance car loan, my mom, 65 years old inquired to an agent which referred by a family friend for a car refinancing, she assisted my mom and had my mom's signature for the application, my sister is a co maker but never signed to any documents, they didn't even submitted any ID's, mom informed the agent to pls hold the application and wait for my sister's approval because my sis will be the one to pay it since she is working abroad, the agent later declared to my mom that the application has been approved! we were surprised because my sis never signed and they didn't give their ID's! my sis advised my mom to back out since she can't also afford to pay it back the interests as well. Now this agent is asking 12k for her service fee and started to harassing us, she said her service fee supposed to be is 25k! do we have to pay for that??? help pls! my mom can't sleep and getting sick now, what we shall do???

You don't have to pay him anything and you can even send him to jail
for extortion. Report to the nearest community police station for assistance.

[mark_t]

The catch with BPI's auto loan tie up with BPI/MS is you will be forced to get your renewal of your comprehensive insurance with them for two years at a higher premium (diyan nila babawiin ang free first year mo) - locked up kasi kasama sa provision ng chattel provisions.

The Insurance Commission disapprove these practices.

[james00112233]

kusschen: tama ang sabi ni mark_t. isa pang nakikita ko ay parang peperahan lang kayo dahil alam ng agent na yun na nagwo-work ang sister mo sa ibang bansa (assume nya na maraming pera).

[kusschen]

You don't have to pay him anything and you can even send him to jail
for extortion. Report to the nearest community police station for assistance.

Thanks! San ko b xa pwedeng ipa police? sa area ko or sa area nya? She's a pain in the ass! I can't believe na merong ganyang mga tao. Kya nga kmi magloloan para magkapera at hindi para perahan

[kusschen]

kusschen: tama ang sabi ni mark_t. isa pang nakikita ko ay parang peperahan lang kayo dahil alam ng agent na yun na nagwo-work ang sister mo sa ibang bansa (assume nya na maraming pera).

I just don't understand kung bkt di nya alam ang consequences ng pagiging ahente nya, pwede bang ma approve sa refinancing car loan ang 60 yrs old pataas? Salamat po

[kishAn]

I just don't understand kung bkt di nya alam ang consequences ng pagiging ahente nya, pwede bang ma approve sa refinancing car loan ang 60 yrs old pataas? Salamat po

sira ulo yung ahenteng yun ah.. sarap tuktukan ah. mam meron naman sigurong customer service hotline yung dealer na yan para maireklamo mo. anyway, yes mam pwede namang maapprove yung 60 yrs old sabi mo nga co-maker yung sister mo. as per my experience car loan ang pinalamadaling maapprove. ang application kasi pangalan lang at address pwede ng i-encode bahala na ang C.I. dept dyan.

[kishAn]

mga tol pano ko makukuha yung interest rate from this quotations?

what do you mean sir... maaavail ba o pano macompute yung rate?

[prince777]

*kishann....

u got PM...

[mazingerZ]

The Insurance Commission disapprove these practices.

I'm in the frontlines bro, try applying so you'll see. It's part of the contract.

[Mguy]

I'm in the frontlines bro, try applying so you'll see. It's part of the contract.

Kumagat na rin ako rito. Did the computation, mababa naman ang interest rate at 29.92 * 5 years. ..

yun next year's comprehensive naman 12 gives . .

If you would wait, sa june july yata, Metrobank would have again their promo which is usually 1.5% lower than the prevailing rates.