Car Loan Interest Rates?

[Lew_Alcindor]

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

tsong/tsang, na-post na itong tanong mo dito

http://tsikot.com/forums/car-insuran...ml#post2177035

sa style mo yan, baka malito ka lang sa mga reply na makukuha mo.

[vicsan]

gusto ko din kumuha ng car loan. actually nag shop around nako. medyo asar lang dahil wala akong masyadong papers tulad ng ITR kasi ang work ko eh online tapos employer eh sa ibang bansa.

pwede din po bang pa quote
VIOS 1.5G AT, yung bagong model 2013 ata.
saka
Ford Escape 4x2 XLS 2.3 a/t

60 months po sana

[hondacarsglobal]

Sir you have to options:

Option 1: "ALL-IN Package ng dealer"

usually po ang ALL-IN ng isang Dealer is what they call Low in Downpayment, this option po is very helpful if you are considering po is short term savings if ever po ang budget nila is within a range, All-In package po you won't have to pay for the Chattel Mortgage, Insurance (for a year), LTO Registration and TPL (Third Party Liability)

So ang aasikasuhin na lang po nila is yung pag- bayad na lang po ng Full Downpayment sa isang dealer

sa All-In po mataas ang magiging Monthly ammortization mo pero mas mababa ang down payment

Option 2: Low Monthly

A dealer po can actually give a low interest rate for you just like any other banks can offer, but take note po: "wala pong Low Monthly na All-In", if kino-consider nila is yung long-term savings then probably po mas ok po ang option 2 which is the low monthly



If ever po gusto nila makita yung "2 Payment Options" I can send you both po just email me po the following:

Full Name:
Mobile No:
Unit Inquired:
% Downpayment:
Years to Pay:
also if you have a targeted budget for a monthly or Downpayment:

you may send your inquiry po to "hondacarsglobal*ymail.com"

[qzcolips]

Chief, I would suggest na punta ka sa BPI or BDO, I think they could vouch or if not ask for an alternative SOI if walang ITR baka Statement of Account or Payslip just any proof of Income source

suggestion ko rin, if you are looking for value for money try mo rin yung Honda or Mitsubishi, if this helps chief let me know, i can help you look for a good dealer than can give you what you need when it comes to car loans

[mikessj]

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.

When you compute the total interest, do not include the Downpayment because you already paid for it. Interest must be calculated based from the loanable amount. E.g. Total monthly amortization after 5 years minus loaned amount, and then divide it by the loaned amount.

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[RandMcnally]

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.

This is a little bit high now though this was a couple months ago. The interest right now is playing at 9% effective rate (around 19% add on rate).

[qman]

This is a little bit high now though this was a couple months ago. The interest right now is playing at 9% effective rate (around 19% add on rate).

Hi 19 percent gor five years wow ang baba nga



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[manilamako]

This is a little bit high now though this was a couple months ago. The interest right now is playing at 9% effective rate (around 19% add on rate).

Good news for us! Mind saying which bank offered you that rate? Ang baba nga! 3year car plan, you have any idea ano rate? Thanks!

[boytsiks]

This is a little bit high now though this was a couple months ago. The interest right now is playing at 9% effective rate (around 19% add on rate).

Yung 9% effective interest rate equates to around 25% add on rate.

[djhao79]

Hello! Could anyone elaborate here the effective interest rate and how is it derived to become the add-on rate? Thanks!!!


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[tikling]

walang ITR kasi ang work ko eh online

Pede din ba mag-loan ang mga gaya kong walang ITR kasi online at home-based kami work?
Pure sa adsense lang ako kumikita within 6 years na.

[L1quid]

Hi guys, nagtry ako sa bpi online for an auto loan last tuesday, base sa online calculator nila i got the following

Vehicle: Mitsubishi Mirage GLX (CVT)
Selling Price: 553,000.00
Downpayment: 55,300.00 (10 %)
Amount Financed: 497,700.00
Monthly Amortization: 10,497.00 (60 Months)

Then earlier today i received notice from bpi that i got approved daw for the 10% dp & 60 month term.

This looks like a roughly mid 25% interest. Ok na po ba ito?

Edit: they also gave me the option pala to to get insurance from another entity, eith the condition that it has AOG. Confident naman makukuha ko ng libre yung sa AOG kasi safe naman sa residence namin.

[arkaye]

* L1quid Good deal yan sir! Kunin mo na yan.

10% DP lang tapos 25% interest rate for 60 months!

Nung nag loan ako 20% DP ako tapos 27% interest for 60 months.

[L1quid]

* L1quid Good deal yan sir! Kunin mo na yan.

10% DP lang tapos 25% interest rate for 60 months!

Nung nag loan ako 20% DP ako tapos 27% interest for 60 months.

Thanks!! Yun nga eh, ayus yung sa 10% down, looking for good dealers na.

[edwardclaver]

Good day...eto po yung quote sakin ng metrobank...ok na po ba yan or may other option pa po ako?

METROBANK
srp - 857,000
20% dp - 171,400
loan - 685,600

48mos - 8.77% monthly - 16,987 chattel - 12,068
60mos - 9.18% monthly - 14,292 chattel - 12,068

with OMA
48mos - 8.42% monthly - 16,873
60mos - 8.87% monthly - 14,189

pa quote na rin kung magkano usually INSURANCE, CHATTEL at LTO for hond jazz, para naman malaman ko kung magkano ilalabas kong pera if ever mga bros?Thanks in advance..

[djhao79]

Un chattel fee ng metrobank ok na po yan pinakamababa na po yan. Un lto ilakad mo sa dealer na gawing free na lang kya namn nila ibigay yan. Kelan mo pala nid magloan? Kc paquote kita s kontak insurer ko. Ang mganda dun 3k fixed lang participation mo.


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[chris_d]

Good day...eto po yung quote sakin ng metrobank...ok na po ba yan or may other option pa po ako?

METROBANK
srp - 857,000
20% dp - 171,400
loan - 685,600

48mos - 8.77% monthly - 16,987 chattel - 12,068
60mos - 9.18% monthly - 14,292 chattel - 12,068

with OMA
48mos - 8.42% monthly - 16,873
60mos - 8.87% monthly - 14,189

pa quote na rin kung magkano usually INSURANCE, CHATTEL at LTO for hond jazz, para naman malaman ko kung magkano ilalabas kong pera if ever mga bros?Thanks in advance..

Confirm ko lang, nde pa all-in yung monthly na yan tama? Sabi sakin ng honda yung LTO na 3 yrs nasa 6.2k

Ano yun OMA?

[djhao79]

Confirm ko lang, nde pa all-in yung monthly na yan tama? Sabi sakin ng honda yung LTO na 3 yrs nasa 6.2k

Ano yun OMA?

OMA -- one month advance. Pag nagparelease na po ng unit at eto ang pinili nyong rate..isasama na agad ang 1month amortization s icacashout.


Bank P.O. Transaction Kumbaga po yan kaya ganyan kababa ang rate at chattel fees. Pag nag inhouse po halos doble ang interst rate at chattel fees etc. although lagi naman nilang ino-all in ang package to entice customers lalo na un maliit lang budget pang cashout. Ang problema dun, napakabigat naman ng monthly amortization kaya nga kung mapapansin nyo daming hatak units ang mga bank financing kasi may mga client na di nabbudget ng husto ang monthly expenses kya pagdating ng ilang months no choice cla at d nababayran ang amortiZATion, gawa na rin kumbaga ng excitement at overwhelmed sa pagbili
Ng unit ng di pinagaaralan ng husto ang pros and cons ng inhouse financing at idagdag nyo na rin ang kaakit akit na offer ng agent at dealer kaya marami ang natutukso.

Meron namang bank like bpi na free ang insurance (at least 3yrs term) kaso ang catch dun nakatali ka na magrenew ng insurance sa knila kaya no choice ka pag eto ang pinili mo since makakamura ka naman dumirekta s
Mga non-life insurance broker ng comprehensive insurance at mas mabba pa ang premium at participation fee (sometimes may offer din na 3k fixed partcipation fee).

With regard sa lto registration at ctpl..ihaggle nyo sa dealer nyo na iwaive na lang yan kc nagawa ko dn makipaghaggle sa mga dealer kahit bank P.O. Lang ang iaavail ko plus may mga extra freebies pa nga ako mahharbat just in case magparelease na ako ng unit sa Dec.

Bottomlinr lang po dto..kung may budget naman kau na pang downpayment for bank financing mas ok para d kau talo sa interest rate at kuha na lang kau ng insurance sa labas para makasave pa kau.


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[edwardclaver]

OMA -- one month advance. Pag nagparelease na po ng unit at eto ang pinili nyong rate..isasama na agad ang 1month amortization s icacashout.


Bank P.O. Transaction Kumbaga po yan kaya ganyan kababa ang rate at chattel fees. Pag nag inhouse po halos doble ang interst rate at chattel fees etc. although lagi naman nilang ino-all in ang package to entice customers lalo na un maliit lang budget pang cashout. Ang problema dun, napakabigat naman ng monthly amortization kaya nga kung mapapansin nyo daming hatak units ang mga bank financing kasi may mga client na di nabbudget ng husto ang monthly expenses kya pagdating ng ilang months no choice cla at d nababayran ang amortiZATion, gawa na rin kumbaga ng excitement at overwhelmed sa pagbili
Ng unit ng di pinagaaralan ng husto ang pros and cons ng inhouse financing at idagdag nyo na rin ang kaakit akit na offer ng agent at dealer kaya marami ang natutukso.

Meron namang bank like bpi na free ang insurance (at least 3yrs term) kaso ang catch dun nakatali ka na magrenew ng insurance sa knila kaya no choice ka pag eto ang pinili mo since makakamura ka naman dumirekta s
Mga non-life insurance broker ng comprehensive insurance at mas mabba pa ang premium at participation fee (sometimes may offer din na 3k fixed partcipation fee).

With regard sa lto registration at ctpl..ihaggle nyo sa dealer nyo na iwaive na lang yan kc nagawa ko dn makipaghaggle sa mga dealer kahit bank P.O. Lang ang iaavail ko plus may mga extra freebies pa nga ako mahharbat just in case magparelease na ako ng unit sa Dec.

Bottomlinr lang po dto..kung may budget naman kau na pang downpayment for bank financing mas ok para d kau talo sa interest rate at kuha na lang kau ng insurance sa labas para makasave pa kau.


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* bro chris hindi pa po all in yan..tama po si sir djhao OMA one month advance po kasama po sa total cash out nyo kaya medyo baba ang interest nya per year..

* bro djhao, meron nako pre approval sa metrobank tagaytay, kaya mag bank loan na lang ako dec. din balak ko kumuha ng unit, ano nga pala brand ng kukunin mo sir..naghahanap kasi ako ng agent ng honda na pwede ring i haggle yung LTO at ctpl kagaya ng ginawa mo bro

[edwardclaver]

double post pasensya na po..