Car Loan Interest Rates?

**TopEngine** · June 11th, 2013 02:23 PM

I have a car loan from BPI also and I took their (MS) Insurance as well. I inquired from the car dealer about their in-house Insurance premium, it is ~P5K more expensive than that from BPI.

**brynne** · June 11th, 2013 03:59 PM

^oh, ok, hindi ko pa kasi na-aask yung sa dealer yung insurance rate, hehe, kung san na lang mas mababa, hehe
sir, kumuha ka ba ng free insurance sa bpi?

**TopEngine** · June 12th, 2013 05:06 PM

Originally Posted by brynne

^oh, ok, hindi ko pa kasi na-aask yung sa dealer yung insurance rate, hehe, kung san na lang mas mababa, hehe
sir, kumuha ka ba ng free insurance sa bpi?

Wala na yung free insurance when I acquired mine.

**jansky** · June 12th, 2013 05:34 PM

Mine is BPI-MS also but i have opt not to renew when expired
mas kinuha ko ang BPI-MS kasi mas mababa sya ng 4k kaysa sa inhouse
oh.. and its 1 year to pay pa

**brynne** · June 12th, 2013 07:29 PM

Originally Posted by jansky

Mine is BPI-MS also but i have opt not to renew when expired
mas kinuha ko ang BPI-MS kasi mas mababa sya ng 4k kaysa sa inhouse
oh.. and its 1 year to pay pa

ah ok, bukas ko pa malalaman yung insurance ng BPI, hehe

**monsac** · June 13th, 2013 03:44 PM

Originally Posted by brynne

ah ok, bukas ko pa malalaman yung insurance ng BPI, hehe

Sir, balita po sa insurance ng BPI? Kukunin ko rin kasi yung free insurance from them. I'm not sure how much na yun kapag nag-renew na ako by next year.

**archielew** · June 13th, 2013 05:29 PM

Originally Posted by monsac

Sir, balita po sa insurance ng BPI? Kukunin ko rin kasi yung free insurance from them. I'm not sure how much na yun kapag nag-renew na ako by next year.

wala na po yata FREE insurance, expired na yata promo. Check mo pa din. Pero nung ako kasi kumuha, tinanong ko magkano price nung insurance premium for first year (which they are offering for FREE). Estimate saken ay umabot ng 18k+! Mahal sya I believe, considering maliit na kotse lang naman yung binili ko. This means, pag kinuha mo FREE insurance nila, no choice ka kundi magrenew sa kanila ng insurance mo for the rest of the term, even if MAHAL ang premium nila compared sa iba! In the end, di ako nag-avail ng FREE insurance nila, kumuha ako sa inhouse ng dealer, guess what, 15k flat lang ang premium, with AOG and TPL na!

**monsac** · June 13th, 2013 06:13 PM

Originally Posted by archielew

wala na po yata FREE insurance, expired na yata promo. Check mo pa din. Pero nung ako kasi kumuha, tinanong ko magkano price nung insurance premium for first year (which they are offering for FREE). Estimate saken ay umabot ng 18k+! Mahal sya I believe, considering maliit na kotse lang naman yung binili ko. This means, pag kinuha mo FREE insurance nila, no choice ka kundi magrenew sa kanila ng insurance mo for the rest of the term, even if MAHAL ang premium nila compared sa iba! In the end, di ako nag-avail ng FREE insurance nila, kumuha ako sa inhouse ng dealer, guess what, 15k flat lang ang premium, with AOG and TPL na!

Thanks a lot for this info. Before reading this, nakatulog ako then pagkagising ko, biglang pumasok si 2nd thoughts and have done a quick re-computation regarding sa loan + insurance. Then nakita ko yung post mo sir. Agree ako with that.

Malaki nga yung quote saken ng BPI. At first inisip ko na automatic dapat agad na sakanila yung insurance mo. Then naisip ko, oo nga naman, you have the option to choose for the insurance na gusto mo. And nga pala, wala pang CTPL if you will get the FREE insurance.

So considering that, less hassle if inhouse insurance kukunin. I just called both parties, BPI at Dealer. (to re-align the decision made earlier.)

**monsac** · June 13th, 2013 06:15 PM

And nga pala, FYI narin for other readers, meron pa ng FREE insurance promo until June 28 (nakita ko lang sa site nila).

**brynne** · June 14th, 2013 12:30 PM

^uu nga sir, gang June 28 pa, pero hindi pala ako pwede, hehe kasi dapat 80% yung i-finance nila to avail their free insurance promo
pero pina-quote ko sa kanila yung insurance and sa dealer, mas mababa yung BPI-MS ng 5k

inaantay ko pa yung sa Metrobank, kasi kung aabot ako sa promo na bingay nila sa akin, mas mababa yung rate, pero antayin ko pa din yung insurance nila, kung magkano, hehe

**monsac** · June 14th, 2013 12:56 PM

^anu sir coverage sa BPI-MS? Depende po ata yun sir sa coverage. I got a cheaper insurance from inhouse (quotation palang). Pero mas mababa yung coverage. As compared to BPI-MS, mas mataas ng 2k, pero mataas naman coverage. So I guess sakto lang for both.

**brynne** · June 14th, 2013 01:02 PM

^sir, eto yung kasama sa BPI-MS (kung tama ako ng pagkaka-intindi sa binigay nila hehe)
Own Damange
Theft
Acts of nature
vt pl-bodily injury
vt pl-property damage
uppa (unnanmed passenger personal accident)

sa dealer, nagpaquote lang ako, hindi ko matanong kung anong kasama

**monsac** · June 14th, 2013 01:23 PM

^confirm mo sir, wala pang TPL sa list mo. ang pagkakaintindi ko ay importante yung TPL (or technically CTPL), required yun by LTO.

some resources (hindi ko na maalala kung saan ko nakuha eto):

Insurance Glossary for Motorists | flipgear - the Philippines' car blog for new, used cars, news, reviews

then from BPI-MS site:
.:: BPI/MS - Services: Motor Insurance

**brynne** · June 14th, 2013 01:38 PM

^ay opo sir, hindi pa kasama, yung ctpl, baka ibigay ng dealer for free ganon din ang lto, kung sure na ako na kukuha sa kanila, hehe

**monsac** · June 14th, 2013 01:49 PM

^medyo naguluhan ako sir. kukuha sakanila? ng insurance? tapos free LTO? Wow! tama ba intindi ko? haha

**jansky** · June 14th, 2013 02:16 PM

Originally Posted by brynne

^ay opo sir, hindi pa kasama, yung ctpl, baka ibigay ng dealer for free ganon din ang lto, kung sure na ako na kukuha sa kanila, hehe

some dealer provide this for free.. CTPL and 3yrs LTO registration pag sa bank ka kmuha instead na direct ka sa dealer

I got free CTPL and 3yrs LTO registration too on top of 10k discount

**brynne** · June 14th, 2013 03:30 PM

Originally Posted by monsac

^medyo naguluhan ako sir. kukuha sakanila? ng insurance? tapos free LTO? Wow! tama ba intindi ko? haha

ay hindi po, hehe, sinabi lang sa akin ng bpi na hindi kasama yung ctpl, pero sabi nila, baka ibigay naman ng dealer na libre na yun.
kaya sabi ko sa SA, pwede ba nilang ibigay ng free yung lto at ctlp, hehe, pwede naman daw
like ng sinabi ni sir jansky

**louie901** · June 15th, 2013 12:16 PM

Share ko lang. I`ve been to Metrobank last Monday to ask for a quotation of Avanza 1.5G M/T. Based on the MA and Loan amount i computed a total interest of 24.45% for 5 years. I think this is a good deal already since it is lower than what i have read from this thread.

**AnOnymousNewbie** · June 16th, 2013 05:31 AM

hi,, newbie here.. sa back read ko sa thread.. mukhang promising ang BPI.. anyone know if Maybank or Eastwest is good for auto loan?

medyo hirap ako mag catchup sa technicalities ng auto loan plus may insurance pa pala.. hehehehe sorry..

**tyanak14** · July 8th, 2013 02:26 PM

Question mga tsong/tsang. may kakilala po kasi akong SA, sa kanya po ako nagpapatulong makabili ng bagong auto(Honda Jazz 1.3s MT). Possible po ba na ma-avail nya yung all-in package sa car dealer tas idederetso po nya sa bangko para bumaba yung monthly amortization? Salamat po sa magrereply

The Largest Car Forum in the Philippines

Car Loan Interest Rates?

Thread Tools

Search Thread

Display