Car Loan Interest Rates?

[ecozone]

MSRP​​​​:​Php 908,888.00
*
20% Downpayment​​​:​Php 181,778.00
Less discount​​​:​ * * * *(41,778.00)
3 yrs. LTO Reg. w/ TPL​​:​​ * *FREE
Comprehensive Insurance w/ AOG​:​​ * * FREE
Chattle Fee​​​​:​​ * * FREE
TOTAL CASH-OUT​​​:​Php *140,000.00
*
*
Monthly Amortization​​:​Php ​​​​​​Php 26,374.00 / 36 mos.


Guys ok ba to na offer ng chevy pasig for chevy cruze ls A/T??
*

sa computation ko pumapatak sa around 30% ang interest rate mo

[bermudatriangle]

looks expensive. malaki discount mo but ang taas ng interest. sang dealer to?

sir yan po yung tina from chevy pasig... ok po ba yan???

[Mordenkainen]

Mga chief, kaya mas mahal pag direct kayo sa casa dahil yung casa umuutang din sa bank yan for the cost of the car (with interest). Usually, may surcharge ang bank na 10% rate sa mga casa na pinapasa ng casa sa consumer.

Kahit na sabihin natin na attractive yung promo ng casa (low DP, all-in). In the end matataga ka pa din since yung interest rate ng casa PLUS yung surcharge ng bank ang babayaran mo as TOTAL interest.

Suggestion ko lang is to go to a bank directly to secure a car loan.

[jabroni]

Hi guys,

I hope someone can give a detailed loan quote for a Mazda CX7, price is 1,495,000. I'm shelling out 40% for the DP(598K). How much will be my monthly amort for 3 year and 4 year terms. Painclude n lng din ng details kung magkano and saang payment sasama yung Chattel mortgage, insurance and registration etc.

I tried ksi sa inhouse sobrang taas i-compare ko lng din dun sa quote ng bank sa akin.

Thanks in advance!

[dexterandrada]

3 yrs
1. chinabank - 14.78%
2. metrobank - 15.16%
3. ps bank - 15.96

4 yrs
1. metrobank - 20.84% but you can haggle more coz i got 19.xx % (special rate already)
2. chinabank - 20.86% (special rate already)
3. psbank - 21.94%

5 yrs
1. metrobank - 27.06%
2. chinabank - 27.71%
3. psbank - 28.49%

Sir, these rates that you gave are still valid up to when? Can i tell that banks to offer it to me at these rates even if its Jan 2011 na?

Thanks for the advice

[av8or5]

Sir, these rates that you gave are still valid up to when? Can i tell that banks to offer it to me at these rates even if its Jan 2011 na?

Thanks for the advice

rates also depends on how many % down.

Just use the above rates as a comparison basis.

[armscor40]

rates also do vary w/ factors to be considered: IMO

sales inventory of ending model dec-jan usually casa offered All-In Promo but w/ hidden high interest rates so be wary for disposal purposes

low interest rates in times of typhoons, heavy floodings & unexpected climate change banks normally compete for limited number of auto loans (sino ba naman ang maglalakas ng loob umutang pag bumabagyo, hehe)

my economics: CMIIW -
low currency exchange rate of PH peso = high interest rate
high currency exchange rate of PH peso = low interest rate

others members here can also share their inputs on this matter.

[john5]

i have a friend from BPI medyo may position na sya kaya pwede pa nyang babaab yung rate.just PM me,baka makatulong sa inyo

[Ronney]

i have a friend from BPI medyo may position na sya kaya pwede pa nyang babaab yung rate.just PM me,baka makatulong sa inyo

you've got pm from me. thanks

[wifi21]

MSRP​​​​:​Php 908,888.00
*
20% Downpayment​​​:​Php 181,778.00
Less discount​​​:​ * * * *(41,778.00)
3 yrs. LTO Reg. w/ TPL​​:​​ * *FREE
Comprehensive Insurance w/ AOG​:​​ * * FREE
Chattle Fee​​​​:​​ * * FREE
TOTAL CASH-OUT​​​:​Php *140,000.00
*
*
Monthly Amortization​​:​Php ​​​​​​Php 26,374.00 / 36 mos.


Guys ok ba to na offer ng chevy pasig for chevy cruze ls A/T??
*

Kuya, mahal ito. Usually all-in promos ng car dealers, mura sa una pero bawi naman sa interest rates pagdating sa monthly amortization mo.

They're right. Try going directly sa bank to inquire. Send me your email address via PM. I can help you out.

[wifi21]

Sir, these rates that you gave are still valid up to when? Can i tell that banks to offer it to me at these rates even if its Jan 2011 na?

Thanks for the advice

Those rates usually are still effective up to now. Rates only change if there is an economic change or if there is an industry change.

Those rates can still be lowered down. There are published rates such as those and lowering of rates may still be possible but subject for approval of the higher ups.

[xpoiled7]

panu po kinocompute ang interest rate?

salamat!

[ecozone]

panu po kinocompute ang interest rate?

salamat!

amount to be financed multiplied by 1."interest rate" divided by months to pay

Ex: 700,000 x 1.33 = 931,000 / 36 mo = 25,861

[xpoiled7]

ah yun pala ang formula dun :D

Thank you!

Nga pala, nanghingi ako ng quotation sa PSBank.
Okay na ba ito?

Montero Sport MT 4x4

Unit: 1,480,000
50% DP: 740,000
CF: 17,101
Cash out: 757,101

Monthly: 24,262 (36 mos)

18.03% rate.

Di pa kasama ang LTO reg at insurance dahil sa dealer daw yun.
Pag 1 month advance naman, 16.98% at 24,046 monthly.

Okay na po kaya yan? Balak ko pa humingi ng quote sa BDO at BPI.


Salamat!

[james00112233]

*xpoiled7
hingi ka pa rin ng quote sa BDO at BPI para may comparison ka.

[ecozone]

ah yun pala ang formula dun :D

Thank you!

Nga pala, nanghingi ako ng quotation sa PSBank.
Okay na ba ito?

Montero Sport MT 4x4

Unit: 1,480,000
50% DP: 740,000
CF: 17,101
Cash out: 757,101

Monthly: 24,262 (36 mos)

18.03% rate.

Di pa kasama ang LTO reg at insurance dahil sa dealer daw yun.
Pag 1 month advance naman, 16.98% at 24,046 monthly.

Okay na po kaya yan? Balak ko pa humingi ng quote sa BDO at BPI.


Salamat!

dealers will usually give you a higher rate... so ok na yan

better kung pa-quote ka pa sa iba

[atmospherecf]

Are you serious 18% interest rate is a good rate in the Philippines? I'm financing my car at 5.2% interest rate.

[jeDi13]

3 years yung sa kanya, 1 year lang yung iyo.

[wifi21]

ah yun pala ang formula dun :D

Thank you!

Nga pala, nanghingi ako ng quotation sa PSBank.
Okay na ba ito?

Montero Sport MT 4x4

Unit: 1,480,000
50% DP: 740,000
CF: 17,101
Cash out: 757,101

Monthly: 24,262 (36 mos)

18.03% rate.

Di pa kasama ang LTO reg at insurance dahil sa dealer daw yun.
Pag 1 month advance naman, 16.98% at 24,046 monthly.

Okay na po kaya yan? Balak ko pa humingi ng quote sa BDO at BPI.


Salamat!

Hi Sir,

PM kita. I'll help you with lower rates.

[wifi21]

you've got pm from me. thanks

Sir, your car has been released already. Thanks a lot for availing.