Car Loan Interest Rates?

[carhunt]

mga sir, sorry for asking such a newbie question, ano po ba ibig sabihin ng one month advance amortization?TIA sa mag rereply.

[incisor]

Hi Sir,

Ang pagkakaalam ko is sa initial cash out mo may kasama siya na 1 month advance. Saka mo lang makukuha yung interest rate for OMA.

So mas malaki cash out mo sa simula pero mas mababa interest rate mo.

HTH.

[fredmon]

I'm interested in getting the new picanto 2012. Can anyone give me a good quotation at 30% dp and 4-5 years to pay. I'm eyeing a bank to partially finance it. Is bpi better than metrobank? Or would you know any bank which will offer the best deal on car loans? Thanks.

[Macqueen]

Thanks MScert, good info indeed, the lowest i see so far (I maybe wrong though) . This promo is until October. Anyone tried this?
What will be the advantage if you are a Metrobank client? Sorry sa dami ng tanong, interested lang po.

[JUNFLO76]

Guys baka gusto nyo i consider ang PSBANK, though aminado ko na masbaba ang metrocar na post ni MScert, try nyo ang bilis and aftersales service ng PSBank. And konti lang naman ang difference ng rates

Standard Rate One month advance
12 mos 5.05% 4.33%
18mos 7.60% 6.83%
24mos 11.02% 10.17%
36mos 16.90% 15.96%
48mos 22.96% 21.94%
60mos 29.61% 28.48%

Sir fredmon, eto po computation for your Kia Picanto

nde ko lang alam kun updated yung nakuha kong price list ng kia picanto

KIA PICANTO 1.1 LX DE LUXE M/T

UNIT PRICE 595,000.00
DP 30% 178,500.00
AMT TO BE FINANCE 416,500.00

MONTHLY 4 YRS STANDARD 10,670.00
ONE MONTH ADVANCE 10,581.00

MONTHLY 5 YRS STANDARD 8,998.00
ONE MONTH ADVANCE 8,919.00

Guys, email nyo ko sa junflo76*yahoo.com or bmflorencio*psbank.com.ph if your are interested.

[cjan]

gud pm, im planning to buy Toyota Vios, 1.3E A/T amounting 720,000 Php, and im looking for a good quotation for 20% DP, and 3 yrs to pay. Before i was approved in PS Bank sa plano kong montero, but that was last year pa. Now, i dont know kung applicable pa rin yung approval ko sa PS Bank for Montero para naman dito sa Vios. Nakita ko yung rates ng PS Bank and its good, im hoping na magkaroon ako ng linaw regarding sa matter na ito. Thanks in advance.

[JUNFLO76]

sir cjan PM sent

[nataraki053009]

* JUNFLO76

email sent Sir..kindly revert back as soon as possible. TIA

[cjan]

Good day po, im a newbie here and planning to buy a 1.3E A/T Toyota Vios, and i inquired in toyota and here is the quote they gave me: Note, its under TFS

Unit Price: 720,000
Down * 20% - 144,000
Insurance w/ AOG & TPL: 18,313
LTO Reg for 3 yrs: 7,200
Chattel Mortgage: 6,376
Less Discount: 35,000
Total Cash Outlay: 140,889
Monthly Amort for 3 yrs: 18, 752 ( that is 17.21 % for 3 yrs)

Ok po ba itong deal nila sa akin, or dapat pa akong maghanap sa iba? Malaking tulong po kung makakapag bigay po ang mga experts dito ng advice sa akin, kasi i need to buy before the end of the month.
Thanks and God bless!

[xinnux]

Metrobank Car loan promo rates until october

METROCAR
Loan Term In Arrears One Month Advance
12 months 4.77% 4.10%
18 months 7.20% 6.46%
24 months 9.91% 9.16%
36 months 15.21% 14.37%
48 months 20.65% 19.75%
60 months 27.28% 26.28%

• Minimum loan amount must be at least Php500,000.00
• Minimum loan term must be at least 12 months
• FREE One-time Gas Incentive (E-Fuel Card) depending on the term of the loan

12 – 18 months Php 1,000.00
24 months Php 2,000.00
36 months Php 3,000.00
48 months Php 4,000.00
60 months Php 5,000.00

Hi MsCert planning to buy new car before end of year. I'm interested on your interest rates.

[noelcanlas]

Hello guys, I need advice, please.

I went to the TOYOTA Tent Event on August 23, 2011. I'm really interested in acquiring a brand new Innova through financing scheme. An agent assited me to have an on site approval from Toyota Financial Services (TFS). He said that my loan application was approved by TFS, then asked me to make a reservation of P10K which is properly receipted. The next day, someone from PSBank called me, making some inquiry (CI). Psbank also calle up my wife and my office also for CI.

If TFS had "on site" approved my car loan application, why, still psbank making those CIs? Was TFS really approved my car loan application? Is the CIs were just part of the process to complete the documentations? or the Psbank CIs will have bearing on the final approval of the car loan applicationa? Thanks and more power to you guys....

[mjfort]

Hello,

I'm a newbie here and I need your help. I'm currently looking for the best car loan option possible for an Isuzu Crosswind Xti or a Toyota Innova with payment terms of 20% down and payable in 36 months. The selling price of these are 945,000 (xti) and 1,068,000.00 (innova).

Can you please provide me with a quote on the above-mentioned cars and suggestions/options. Thanks

[incisor]

lowest bank interest rates as of now is sa Metrobank since may promo sila hanggang October. 15.21% yung sa kanila for 36 months.

XTI

SRP: 945,000
20% dp: 189, 000 (SRP x 0.20)
Amount to be financed: 756,000 (SRP - 20% of SRP)
Interest rate on 15.21% : 36 months : 114, 987.6 (amount to be financed x 0.1521)
Monthly Amortization on 36 months: 24, 194.1 ((amount to be financed + Interest rate on 15.21%)/36)

For the other computation just change the SRP and use the formula above.

HTH.

[margauxdeleon]

Hi, just an advice... is this a good deal- Avanza 1.3J SRP 613,000. 20% DP, plus 20,000 chattel mortgage, 30,000 comp. insurance payable in 6 months. monthly for 4 years = 14,500. is this ok??

[james00112233]

Hi, just an advice... is this a good deal- Avanza 1.3J SRP 613,000. 20% DP, plus 20,000 chattel mortgage, 30,000 comp. insurance payable in 6 months. monthly for 4 years = 14,500. is this ok??

I'm guessing that this is an in-house deal/computation...

[margauxdeleon]

its from an agent.. dont know if conneted to the car company... good deal ba?

[incisor]

mataas ata sir yung bigay sa yo insurance pa lang e, yung sa akin SRP is 975, 000, ang insurance ko is 24.5K payable in 3 months nga lang, usually sa 4 years na 600K+ dapat nasa 11K - 12K o baka mas mababa pa.

Try mo gamitin yung formula sa taas, palitan mo lang SRP, tapos check mo 4 years ng metrobank, tingin ko mas mababa monthly mo dun, o kung kaya mo magbayad ng 14K kaya siguro sa 3 years yan.

HTH

[james00112233]

its from an agent.. dont know if conneted to the car company... good deal ba?

If thats from your SA then it is much higher. Why not go directly to the bank that can even give you a much lower or a good deal. As suggested by incisor check the metrobank computation.

[margauxdeleon]

mataas nga for 14,500 monthy for 4 years it appears almost 40% interest...lumlabas its 850,000 in 4 years.

[incisor]

based sa metrobank rate na 20.65% ang Monthly mo for 4 years with 20% dp is 12, 326.41 yung insurance mo hanap ka pa, o kaya try mo paquote sa insurance ko Mapfre siya

Nanie Buenaventura
Contact num:
0917-8584026
0939-9144926

Tell her nirefer ka ni Jason Dela Cruz :D

Nakita ko lang din dito sa tsikot info niya

HTH