Car Loan Interest Rates?

[mark_t]

Taas pala masyado sa EW. BPI quotes 29% and i think one can haggle up to 26% or so.

29% for what term? 5years?

[mark_t]

I am presently working on the approval for 4 car loans.
Last june 20 2010 I forwarded emails to kishan and mazingerZ.

June 24 2010, one was approved, PO is released on June 25, 2010.
And car is released on the same day. The service reputation of
mazingerZ is well deserved.

Don't rush.
Trust but verify.

[mark_t]

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

Yes it is part of the contract, seen it with my own eyes but it says
BDO insurance brokers will continue to offer insurance cover.

Customer has the final say.

BDO was unable to comply with customers request to present their underwriter.

So I issued the policy.

And many thanks bro. It is beige metallic.

[sacredprey_005]

Hello sirs!

I'm new in this forum as well as to the car-buyer community. I'm planning to get myself a new Honda City 1.3S MT 2010 or a Toyota VIOS 1.3J MT 2010. I've consulted BDO and heres their quotation (via email only):

Honda City:
LCP: 716,000
DP: 20% - 143,200
TERM: 60 Mos
RATE: 30.71%
NMA: 12,479
CM FEE DL: 16,529
MODE: OMA

Toyota VIOS:
LCP: 599,000
DP: 20% - 119,800
TERM: 60 Mos
RATE: 30.71%
NMA: 10,440
CM FEE DL: 14,854
MODE: OMA

To be honest, I dont understand most of the terms. hehe.. so I've asked them and they've yet to respond. Anyway, you guys might know too. I also would want to ask if the price is OK or is quite high by your standards.

Thanks!

[PasigGuy]

Hello sirs!

I'm new in this forum as well as to the car-buyer community. I'm planning to get myself a new Honda City 1.3S MT 2010 or a Toyota VIOS 1.3J MT 2010. I've consulted BDO and heres their quotation (via email only):

Honda City:
LCP: 716,000
DP: 20% - 143,200
TERM: 60 Mos
RATE: 30.71%
NMA: 12,479
CM FEE DL: 16,529
MODE: OMA

Toyota VIOS:
LCP: 599,000
DP: 20% - 119,800
TERM: 60 Mos
RATE: 30.71%
NMA: 10,440
CM FEE DL: 14,854
MODE: OMA

To be honest, I dont understand most of the terms. hehe.. so I've asked them and they've yet to respond. Anyway, you guys might know too. I also would want to ask if the price is OK or is quite high by your standards.

Thanks!

RATE: = add-on interest to your principal
ie. 30% (car price less d/p = loan amount *1.30% = gross loan
gross loan/60mos = monthly amortization

= 30%* loanable amount = interest for 5 years

((((just received an approval from Metrobank today: 5years = 27.6%))))
you can try other banks, its free to file car loan apps

[j_komyuter]

Hello sirs!

I'm new in this forum as well as to the car-buyer community. I'm planning to get myself a new Honda City 1.3S MT 2010 or a Toyota VIOS 1.3J MT 2010. I've consulted BDO and heres their quotation (via email only):

Honda City:
LCP: 716,000
DP: 20% - 143,200
TERM: 60 Mos
RATE: 30.71%
NMA: 12,479
CM FEE DL: 16,529
MODE: OMA

Toyota VIOS:
LCP: 599,000
DP: 20% - 119,800
TERM: 60 Mos
RATE: 30.71%
NMA: 10,440
CM FEE DL: 14,854
MODE: OMA

To be honest, I dont understand most of the terms. hehe.. so I've asked them and they've yet to respond. Anyway, you guys might know too. I also would want to ask if the price is OK or is quite high by your standards.

Thanks!

chief... contact me... my officemate's wife is a branch head of metrobank... meron silang new promo (running internally) na 1% lower sa prevailing rate nila... new branch kasi... i just availed from her... as i'm planning to buy yung new chevy cruze... ang galing sir! super saya ng misis ko sa savings... hehe

tama yung mga details ni pasig guy... just in case you need more explanation... i can give you... kasi ako ang tagal ko ring inaral yan last year when i bought my first car... hehe... so i wanna share din sa iba... if that will help... ;-)

contact mo ko if interested ka... so i can refer you to her right away...

[duasto]

chief... contact me... my officemate's wife is a branch head of metrobank... meron silang new promo (running internally) na 1% lower sa prevailing rate nila... new branch kasi... i just availed from her... as i'm planning to buy yung new chevy cruze... ang galing sir! super saya ng misis ko sa savings... hehe

tama yung mga details ni pasig guy... just in case you need more explanation... i can give you... kasi ako ang tagal ko ring inaral yan last year when i bought my first car... hehe... so i wanna share din sa iba... if that will help... ;-)

contact mo ko if interested ka... so i can refer you to her right away...

nai pm po kita regarding sa sinasabi mo. sana po matulungan nyo ako ... thanks in advance

[dbhollanda]

RATE: = add-on interest to your principal
ie. 30% (car price less d/p = loan amount *1.30% = gross loan
gross loan/60mos = monthly amortization

= 30%* loanable amount = interest for 5 years

((((just received an approval from Metrobank today: 5years = 27.6%))))
you can try other banks, its free to file car loan apps

bossing saaang metrobank branch ito?
Thanks in advance...

[dbhollanda]

chief... contact me... my officemate's wife is a branch head of metrobank... meron silang new promo (running internally) na 1% lower sa prevailing rate nila... new branch kasi... i just availed from her... as i'm planning to buy yung new chevy cruze... ang galing sir! super saya ng misis ko sa savings... hehe

tama yung mga details ni pasig guy... just in case you need more explanation... i can give you... kasi ako ang tagal ko ring inaral yan last year when i bought my first car... hehe... so i wanna share din sa iba... if that will help... ;-)

contact mo ko if interested ka... so i can refer you to her right away...

bossing i also pm'ed you for contact details ... sana matulungan mo rin ako.

[Louie_18]

May promo ang Metrobank until Sept. Nakuha ko lang info is 48 months OMA 20.86% and 60 months OMA na around 27.++%

So far pinakamababang rates from the banks I inquired.

[dbhollanda]

May promo ang Metrobank until Sept. Nakuha ko lang info is 48 months OMA 20.86% and 60 months OMA na around 27.++%

So far pinakamababang rates from the banks I inquired.

Bro,

try to haggle pa sa metrobank coz i got a much lower int rate from metrobank and much lower than what you posted for both 60 and 48 months.

[Louie_18]

Bro,

try to haggle pa sa metrobank coz i got a much lower int rate from metrobank and much lower than what you posted for both 60 and 48 months.

Ano rates nakuha mo bro and what branch? Thanks

[Peyupsrf2]

Hi Everyone!

Im planning to get a Mazda 3 1.6S A/T this week
BDO and BPI offered be 33.47% interest for 5 years (60 months) at 20% d.p.
Is this a good deal? Would you have any other suggestions?

Thanks!

[dbhollanda]

Hi Everyone!

Im planning to get a Mazda 3 1.6S A/T this week
BDO and BPI offered be 33.47% interest for 5 years (60 months) at 20% d.p.
Is this a good deal? Would you have any other suggestions?

Thanks!

bro,

try calling metrobank. i got the lowest int rates from them for 48 and 60 months. mas mababa pa sa quote na binigay sa kin ng chinabank and psbank.

[hydra925]

chief... contact me... my officemate's wife is a branch head of metrobank... meron silang new promo (running internally) na 1% lower sa prevailing rate nila... new branch kasi... i just availed from her... as i'm planning to buy yung new chevy cruze... ang galing sir! super saya ng misis ko sa savings... hehe

tama yung mga details ni pasig guy... just in case you need more explanation... i can give you... kasi ako ang tagal ko ring inaral yan last year when i bought my first car... hehe... so i wanna share din sa iba... if that will help... ;-)

contact mo ko if interested ka... so i can refer you to her right away...

PMed you already...hope to hear from you soon, and i hope the offer still stands...thanks in advance...

[hydra925]

RATE: = add-on interest to your principal
ie. 30% (car price less d/p = loan amount *1.30% = gross loan
gross loan/60mos = monthly amortization

= 30%* loanable amount = interest for 5 years

((((just received an approval from Metrobank today: 5years = 27.6%))))
you can try other banks, its free to file car loan apps

Hi Pasig Guy,

Just asking in what branch did you apply? And do you have to submit the application personally or on-line? Thanks

[jom's]

mga tol sa experience nyo okey ba rates sa mga Automadness ng BPI? their is one scheduled sa CAMPI motor show from Aug 19, four days yung event ...

okey ba dayuhin to ng prospected buyer?

[weszt]

mga tol sa experience nyo okey ba rates sa mga Automadness ng BPI? their is one scheduled sa CAMPI motor show from Aug 19, four days yung event ...

okey ba dayuhin to ng prospected buyer?

*joms

ako gusto ko po malaman yung rates ng automadness ng BPI my kakilala kasi ako sa bpi pero hindi ko pa alam yung usual rates ng automadness ng BPI, usual rates po nila ilang po?

need your help buying an urvan....

kasi nakalagay sa internnet 5 yrs is 33percent which is very high/

[mazzipino]

*joms

ako gusto ko po malaman yung rates ng automadness ng BPI my kakilala kasi ako sa bpi pero hindi ko pa alam yung usual rates ng automadness ng BPI, usual rates po nila ilang po?

need your help buying an urvan....

kasi nakalagay sa internnet 5 yrs is 33percent which is very high/

33% for 5 years is pretty average/above-average.

I keep seeing in the papers and promo ads that Metrobank do 5 years for around 29%, not sure if OMA or not.

When I was applying for loans I found that the "blue" banks (BDO, Metrobank) offered more competitive rates as opposed to the "red" banks (Chinabank, BPI, PS Bank)

[weszt]

33% for 5 years is pretty average/above-average.

I keep seeing in the papers and promo ads that Metrobank do 5 years for around 29%, not sure if OMA or not.

When I was applying for loans I found that the "blue" banks (BDO, Metrobank) offered more competitive rates as opposed to the "red" banks (Chinabank, BPI, PS Bank)

lets see this coming friday kung magkano bibigay sa akin na % for 5 yrs.

ano ba rate ng automadness ng BPI?