If this is my monthly salary would it be enough to buy a bnew car?

[manilamako]

Like what a previous poster said, just make sure you don't have any bad credit history and you'll get approved in no time. You'd have to submit a copy of your bank statement too for at least the last 3-5 months so they could monitor if hindi ka lang naglagay ng "show money" dahil bibili ka ng kotse. As long as steady yun pasok ng pera no problemo. Apply to as many banks as you can too so you could get the best deal possible. 5 year term for a fiesta di naman aabot siguro ng 13k siguro so comfortable ka padin naman

[victorevolution]

will you be approved by the bank? - yes definitely you would be approved with flying color

can a 67k salary maintain the car in general? -for pms and monthly amortization yes but! as one member said you must see the hidden expenses such as insurance, gas money, parking fee, and spare parts(expect the worst in case of warranty claims)

my suggestion, drop it, you told us that you still live with your parents, getting a car is a non essential investment for you and it would just be a money pit.

for a real advice, save up buy a land and build a house on it(value always appreciate huwag lang sa disaster prone areas) after you have done that, then and there should you only think of having a car

[Horsepower]

here's an autoloan calculator from BPI

BPI Family Auto Loan

normally, you'd have to base on the 1/3 of your net income every month.

[A121]

I think that is reasonable enough. I got a new car kasi malapit na magretire yung ginagamit kong sasakyan.

Gawin mo na lang goal as time progresses is to look for better opportunities.

[jansky]

okay lang yan kuha ka ng sasakyan.. wala ka pa gaanong responsibilities.. pag may family ka na mahirap ng magkaroon ng luho maraming prayoridad

[stavros]

Why would you invest with something that is depreciating in value. Mag taxi ka muna if tamad maglakad. 10 months pa lang sa work kotse na agad gusto savings muna ang priority dapat. Hehe..

[bayen]

kaya yan idol. may PHP 45,560 ka pang net. assuming na 32% witholding tax mo. am sure minus living and other expenses may matitira ka pang 15k pang month for a car.

[dr. d]

Not sure if this thread, or a similar thread is already existing but i did try searching for similar threads.

I'm currently an employee of a company (not self employed) and is earning 67k gross. Recently left my previous job and has been employed in a new company for 10 mos pa lang. I'm planning to buy a car but through auto loan (as many of you have said that in house financing offers bigger rates). My target year would be towards early quarter of 2014 or last quarter of 2013. I'm currently living with my parents. Now my question is...is my gross income reasonable enough for a bank to grant me an auto loan assuming i want to buy a Ford Fiesta 1.4 HB manual tranny, or is that too much for my pay grade?

in my opinion, save enough to buy the car on cash basis. with a little discipline, you should have enough in 2 years.

[CVT]

Not sure if this thread, or a similar thread is already existing but i did try searching for similar threads.

I'm currently an employee of a company (not self employed) and is earning 67k gross. Recently left my previous job and has been employed in a new company for 10 mos pa lang. I'm planning to buy a car but through auto loan (as many of you have said that in house financing offers bigger rates). My target year would be towards early quarter of 2014 or last quarter of 2013. I'm currently living with my parents. Now my question is...is my gross income reasonable enough for a bank to grant me an auto loan assuming i want to buy a Ford Fiesta 1.4 HB manual tranny, or is that too much for my pay grade?

Umutang ka na lang sa mga magulang mo, at sila ang hulugan mo... Whether bank rate or parents' rate,- the 'profit' is still in the family... Win-win situation....

19.2K:book:

[foresterx]

67k is a lot of money for a single guy living with his parents. when i was single i could live with 30k a month and i was paying for everything including association dues for my condo. sa 30k na yon nakaka gimik na ko non. so 67k a month without paying for anything else kayang kaya mo kumuha nan kahit mga cars na nasa 1.2M price range kung di ka magastos. my suggestion ipon ka muna pang down mga 3-400k, kung next year ka pa kukuha starting now tabi ka na ng 25k a month para ma reach mo yung 3-400k pang down by next year buo na yon.

[beni23]

Yung kaibigan ko nga 18k per month lang pero nakapaglabas ng vios 1.3 last week. Bahala siya, di niya ko ni-consult. Sabi ko sakanya, wag na lang siya umabsent. Haha.

[glenn manikis]

Yung kaibigan ko nga 18k per month lang pero nakapaglabas ng vios 1.3 last week. Bahala siya, di niya ko ni-consult. Sabi ko sakanya, wag na lang siya umabsent. Haha.

he..he.. ano pa matitira sakanya?

bumile ng display sa garahe... he.he...

[beni23]

^ 85k down tsaka 12k per month for 5 years daw. Sabi ko may PMS pa yan every 6 mos tapos gas allowance at parking pa niya. Ninerbyos tuloy. Haha.

[macsd]

Your net is about 40K. Kung meron kana pang down payment & be able to survive at 1K /day,
Then you should be able to survive to get a new car. By the time you will need maintenance,
hindi mo na halos iindahin ang monthly amortization mo dahil meron kana salary increase & maybe
promotion.

[Verbl Kint]

If someone tells you that getting a car is an "investment" then stop listening to him.

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[leodawesome]

Or yung pangdown payment mo invest mo muna sa stocks/mutual funds. After a year or 2 kumita na yan plus yung maiipon mo, then buy the car with atleast 50% DP or better with cash. Yan ay kung car talaga gusto mo una bilin with your hard earned money. Pero if I were you, I'd buy a condo near my work muna. Investment before liabilities. :D

[A121]

Or yung pangdown payment mo invest mo muna sa stocks/mutual funds. After a year or 2 kumita na yan plus yung maiipon mo, then buy the car with atleast 50% DP or better with cash. Yan ay kung car talaga gusto mo una bilin with your hard earned money. Pero if I were you, I'd buy a condo near my work muna. Investment before liabilities. :D

I don't think getting a studio-type/cheap condo would be a good "investment". I am comparing this because it is equivalent to the M.A. of subcompacts. Kasi in 5 years time, magkakaroon ka ng family and kids. Siguro if you are going to pay for your downpayment, do not empty your bank account. Magtira ka ng medyo marami.

And investing in stocks, just beware of so-called stock gurus. hehehe

[xninjax]

Hard to believe yung may 50M liquid cash pero walang sasakyan.. parang BS nga ang dating

Hindi ba niya alam i-invest yun?

Anyway TS, you earn more than 60% of tsikot members

[_Cathy_]

Hard to believe yung may 50M liquid cash pero walang sasakyan.. parang BS nga ang dating

Hindi ba niya alam i-invest yun?

Anyway TS, you earn more than 60% of tsikot members

What's the average salary nga ba for 20s or early 30s in Metro Manila? It depends a lot din kasi on the industry that the person belongs to.

[victorevolution]

a friend of mine has 50 milion PhP which is a liquid asset, hanggang ngayon di pa bumibili ng auto cause he know the liability of having one, as he has learned from me.

even if his gf and some of our friends kept trying of forcing him to buy one he still refused, he just bought a house near his office as in tapat lang ng office nila, pag lasing after gimmick get a cab