Car Loan Interest Rates?

[downshift2]

Win situation na yan Sir sa 11% in 24 months if ARREARS. Pero I think kaya pa nila ibaba yan sa 9.XX% kung old client kayo ng BPI.

For the freebies, standard yan. They give 5000 pesos gas fuel as additional, hindi 300 lang. Kaya kasi nila mag bigay discount sa unit hanggang 60k.

Ganun ba?Akala ko pa naman 11% in 2 years na ang pinakamababa.60thou discount? Wow! Pero bka ganun din lalabas, 40thou discount binigay ng toyota but maraming freebies.

[wengski]

gud pm! i saw an ad in the internet about toyota innova j financing. i asked for the quatation and he mailed me this: down-97taw, 5yrs- 17,681/month, free 3 yrs lto, free chattel morgage, free tint, floormat, seat cover, comprehensive insurance- 5 months to pay. pahingi nman ng opinion about this. okey na bang tong deal na to or mag direct ako s bank? pls reply

[wengski]

i`m really planning to get a car by next week by means of financing! kung okey na cguro tong deal na to i`ll stick to it! advice nman mga tsikoters!

[tidus1203]

IMO anyone who takes a car loan to 5 years is cutting it very close. Try putting more DP and lower that to 3 years...

[wengski]

e2 ang offer nya for 15% down- 97taw, for 4 yrs-20,690/month, for 5 yrs.- 17,681/month.
kung 20% down- 139,600, for 4 yrs- 19,473/ month, for 5 yrs.-16,641/month.

[mey0r]

e2 ang offer nya for 15% down- 97taw, for 4 yrs-20,690/month, for 5 yrs.- 17,681/month.
kung 20% down- 139,600, for 4 yrs- 19,473/ month, for 5 yrs.-16,641/month.

Mataas ang rate pag inhouse. Though mababa ang DP. The MA is high.

[Genf]

Hello Everyone!

I am new here in tsikot and was amazed how much information i can get in round about two days. This is very informative and would like to thank all sincere contributors of this thread.

I am considering to buy an SUV for myself (I am single) and currently I am torn between Fortuner and Montero Sport (let's set the debate on the other thread). Meanwhile, I am on the mode for looking at the lowest rate possible.

My prerequisites as: 50% on Downpayment and 36months term.
and quotes on these two SUVs:

-- Montero Sport GLS A/T 4x2
-- Fortuner 4x2 G 2.7 Gas A/T

Thanks a lot in advance!

[mey0r]

Hello Everyone!

I am new here in tsikot and was amazed how much information i can get in round about two days. This is very informative and would like to thank all sincere contributors of this thread.

I am considering to buy an SUV for myself (I am single) and currently I am torn between Fortuner and Montero Sport (let's set the debate on the other thread). Meanwhile, I am on the mode for looking at the lowest rate possible.

My prerequisites as: 50% on Downpayment and 36months term.
and quotes on these two SUVs:

-- Montero Sport GLS A/T 4x2
-- Fortuner 4x2 G 2.7 Gas A/T

Thanks a lot in advance!

Apply in as many banks as you can, then compare their interest rates. Do the haggle thing after it. Don't be fooled by those casa's inhouse freebies and low DP.

[barakuda1968]

[SIZE=3]guys..help.. nid ur opinion on my SA quotation.. is dis normal?? o lugi ako jan>??thnx[/SIZE]
[SIZE=3][/SIZE]
[SIZE=3]UNIT: 20% DP – INNOVA(2.5) G DIESEL MANUAL

SRP: 1,054,000

20% DP: 210,800
INSURANCE: FREE
LTO REG. FREE
CHATTEL Mortgage. FREE DISC. -13,800

[/SIZE][SIZE=3]TOTAL DOWNPAYMENT P197,000

MONTHLY PAYMENT: 3 YRS: 28,985[/SIZE]

[SIZE=3]FREE ITEMS:[/SIZE]
[SIZE=3]3 YRS WARRANTY[/SIZE]
[SIZE=3] INSURANCE, [/SIZE]
[SIZE=3]3 YRS LTO REGISTRATION, [/SIZE]
[SIZE=3]CHATTEL MORTGAGE, FLOORMATS, [/SIZE]
[SIZE=3]SEATCOVER, [/SIZE]
[SIZE=3]TINT, [/SIZE]
[SIZE=3]RUSTPROOF,[/SIZE]
[SIZE=3] P.5,000 WORTH OF FUEL,[/SIZE]
[SIZE=3] DOOR VISOR, [/SIZE]
[SIZE=3]EARLY WARNING DEVICE,.[/SIZE]
[SIZE=3] 1ST 1T & 5T KM, CHECKUP,[/SIZE]
[SIZE=3] UMBRELLA,[/SIZE]
[SIZE=3] CAR COVER. [/SIZE]
[SIZE=3] CAR PLATE COVER.[/SIZE]
[SIZE=3] CHROME REAR & FRONT LIGHTS, [/SIZE]
[SIZE=3]CHROME MUFFLER CUTTER, [/SIZE]
CHROME DOOR (HANLDE) HOUSING.

[claRkEnt]

one word : TALO!

interest is about 22%....

[Genf]

Apply in as many banks as you can, then compare their interest rates. Do the haggle thing after it. Don't be fooled by those casa's inhouse freebies and low DP.

thanks!
I will try the online autoloan application in BPI...

[barakuda1968]

wahhh...huhuhuhu

[mey0r]

thanks!
I will try the online autoloan application in BPI...

Other banks have outdated rates on the site and their online application procedures are not working properly. Much better if you prepare the basic docs needed, have them photocopied and submit it to bank branches. These banks offer low interest rates and free CM if you have better sales talk. RCBC BPI, BDO and China Bank.

[mey0r]

thanks!
I will try the online autoloan application in BPI...

Other banks have outdated rates on the site and their online application procedures are not working properly. Much better if you prepare the basic docs needed, have them photocopied and submit it to bank branches. These banks offer low interest rates and free CM if you have better sales talk. RCBC BPI, BDO and China Bank.

[AceDeals]

Hello mga fellow tsikot members. Patulong sana ako sa inyo on my plan of getting a lancer glx, ung on sale ngayn for 635k (685k less 50k). I am seeing a number of posts that offer 160k All in cashout and 11853 MA(5yrs). The All in cashout includes 1 yr comprehensive insurance, 3 yrs LTO reg and CTPL, chattel mortgage and annotation fees, and 20% DP. Freebies are tint, seatcover, matting and EWD.

I tried to compute, but I dont know if I did it correctly, the overall interest rate is around 37%.

Any comments/suggestions nman po.Bka rin may mai-re-refer kyo na pwede ko puntahan/kausapin for a transaction na mas "ok".

Pwede nyo rin po ako email * acenriquez26*yahoo.com

TIA and more power.

[1D4LV]

^^try mo PM si mazinger z. pag di sya sumagot, PM mo ko, bigay ko sa yo mobile # nya.

[AceDeals]

^^try mo PM si mazinger z. pag di sya sumagot, PM mo ko, bigay ko sa yo mobile # nya.

thank you po. request ko n rin po na paki-pm na sakin mobile number nya para makontak ko sya agad.

thanks again.

[AceDeals]

^^try mo PM si mazinger z. pag di sya sumagot, PM mo ko, bigay ko sa yo mobile # nya.

thank you po. request ko n rin po na paki-pm na sakin mobile number nya para makontak ko sya agad.

thanks again.

[jayeatworld]

I'm getting a Honda Jazz 09 1.3MT from Honda Quezon Ave.

Their initial quote for in-house financing was:

SRP P722,000
20% down + Insurance + LTO + Chattel Mortgage = P185,388

Includes:
Tint, Mat and Rustproof and probably other stuff I can't remember.

48 months = P16,499
50 months = P14,258

Lumalabas na 37.11% ang interest.


Then I told them that I have another contact willing to give me just 34% interest.

The SA replied saying they can give me 31.8% interest at P15,888/mo for 4yrs. Kasi sinabi daw niya 32% yun nahanap ko sa labas.

Is this a good deal? Napababa ko na from 38.11% to 31.8%. Last price na raw nila yun.This is my first time buying brand new so not sure how this works.

Thanks!

[mey0r]

I'm getting a Honda Jazz 09 1.3MT from Honda Quezon Ave.

Their initial quote for in-house financing was:

SRP P722,000
20% down + Insurance + LTO + Chattel Mortgage = P185,388

Includes:
Tint, Mat and Rustproof and probably other stuff I can't remember.

48 months = P16,499
50 months = P14,258

Lumalabas na 37.11% ang interest.


Then I told them that I have another contact willing to give me just 34% interest.

The SA replied saying they can give me 31.8% interest at P15,888/mo for 4yrs. Kasi sinabi daw niya 32% yun nahanap ko sa labas.

Is this a good deal? Napababa ko na from 38.11% to 31.8%. Last price na raw nila yun.This is my first time buying brand new so not sure how this works.

Thanks!

I had a quote last March. 25% in 48 months. 32.22% 5 years. Its quite high. Haggle.... haggle... haggle... You dictate the tempo.