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

[viper888]

Problem is, your work and your home might be in Binondo. But the question now is: does your world revolve around those two?

I doubt they're making their kids walk or take the taxi on their way to school and I highly doubt they don't go anywhere else aside from Binondo without the use of private vehicles.

Like I said, there's really nothing demeaning with the use of public vehicles. However, our public transportation system is so bad that it forces people to make public versus private: a class differentiator. And for the rich, there's nothing more annoying than being constrained by others. That's why uber-rich folks travel by jets and it actually makes sense!

There are rich people with just normal cars. In fact, they prefer normal cars. It's basically depends on what you want in life. For example, my father always had a boner for growing his business. So he focuses most of his cash there and he drives around in a 2002 CRV. As a man, he loves the engineering behind the cars and would often visit showrooms of Mercs and Bimmers, but not once had he pulled the trigger on a purchase. Why? It's not that he can't afford it (we're the largest company on an oligopoly.. of a need), he simply can't justify it. It's not what he wants.

Sa totoo lang, the best answer here isn't to "bilhin mo na, bata ka pa naman" or "save the money, invest mo nalang sa iba". One is too selfish and the other too.. selfless (ano ka? Buddha?). It's also a great choice he's choosing subcompacts which have lower SRP prices versus compact cars.

So my reply here would be: Cash preferred; Largest DP if possible. Also try to look out for secondhand cars.. ang sarap sumakay sa loob ng bB the space inside is deceiving I tell you!

If gusto mo lang gastusin yun paycheck mo, better start by first compensating your parents for your college education. Because if that doesn't teach you on how expensive it was for them to invest in you, it'll at least give you a good smack in the head that money doesn't grow on trees.

Well off people in Binondo do have cars.... Just not very good ones
An Innova for instance could be purchased by a certain chinese as a main car even though he can buy anything (I mean if we earning at that region we would have more interesting cars)
Typically these guys will only buy the car of their dreams(could be anything really) when they are retired, all kids have graduated, bought a house in the suburbs and yada yada. Typically a Euro Car with a custom plate with their initials in it.

I agree with the second hand car comment. A 450k car with 50% dp will only cost about 7.5k a month.
There are many interesting cars at that price range
Early Civic FD
Facelifted Escape
Altis
Facelifted Focus
etc

[shadow]

Grabs naman kayo, sobrang complicated na advises niyo...

TS is young let him enjoy his youth, bumili ka na...enjoy it while you're still young...

Invest? You'll get there but as of now...buy that damn car!

Sagarin mo na parents mo, ask them to front the equity for you at least 50% then kayang-kaya mo na monthly amortization.

3 yrs lang max na term...then used it for a couple more years benta mo to upgrade meron ka na puhunan pang down...

Anyway yun kinikita mo monthly not enough to invest in anything significant. You're probably currently being employed in a mid level position...pag nag promote ka na or start to climb that corporate ladder saka mo na insipin yan investment-investment.

Habang wala ka pa iniisip and responsibility gawin mo lahat gusto mo, cuz I'm telling you once you go down that road, you'll never enjoy anything in your life. Or you'll have the money but you'll be too old to enjoy anything.

Huwag ka lang makabuntis...

Rite of passage yan ng yuppies, cellphone, cars, condo, house...yun iba na stuck na sa kotse.. but that's life...

Sino dito hinde dumaan sa ganyan? Yun 40k/mo na kita. Kahit invest mo yan sa mutual funds, stocks etc..in 5 yrs hinde ka pa rin makakabili ng kotse sa kikitain mo...



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[renzo_d10]

Take it from the richest guy in the forum.

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[jansky]

Kaya ts, kuha ka na.. And pag meron na kontakin mo ko punta tau.angeles sa pampanga u know test drive natin including our wallet hahhaha

[Retz]

many Chinese people donthave good cars because of where they live
If I worked in Binondo and lived in Binondo I woudnt be so interested in getting a new car, it will just get scratched, dinged, dented in no time
These people dont have good parking slots

Basically they just get a decent car.... A multi millionaire could just have an revo

Now lets say same multi Millionaire lives in alabang and works in Makati or bgc
he has to traverse to 20kms back and forth daily in the skyway and onto his house with a large garage
this guy would be interested in buying good cars, new BMWs, Mercs, giant suvs such as expeditions, suburbans, and land cruisers

Thats why went you pass the skyway at around 7-8pm on a weekday, the cars are quite impressive

Its all a matter of need

pansin ko nga din sir eh, ung mga intsik sasakyan nila camry or fortuner pero sa yaman nila kayang kaya nila mga european cars.

[jut703]

Simple lang naman, hindi naman lahat ng tao mahilig sa sasakyan. To be honest, the car enthusiasts posting in this forum make up a negligible percentage of the total car owners in the country.

A lot of people could care less if they're strutting around in a 5-series or an Altis.

[Janah]

Hello Mathew, ako ang gross ko per month is 35k. ang kinuha ko lng is Chevrolet Spark 2011. Through car loan sa Capitalife Lending Inc.. Almost 15k lng per month ung hulog ko and kasama na ung insurance and LTO reg for 3 yrs.

[kulugongpogi]

Im only earning 50k gross a month pero na approve ako for hyundai accent 1.6 GLS. Sabi pa ng dealer all 5 banks kung saan nila nilapit un loans ko naaprove lahat. Kaya mo na yan kaya go ahead.

[vps9280]

My problem is kinda different. My gross monthly salary is 102K plus around 12k in allowances. I know this would be enough for a car loan to be approved. However, I had several cancelled cards around 4 years ago when I encountered a financial storm way back. Now that I think I can afford to loan a car - mukhang wala ng bank ang mag aaprove sa kin.

What do you guys think? Send me PM guys if you can help me get approval ha. Thanks!

[Manilablock]

kung meron kang 114k per month mag antay ka na lan at ipunin ung pera mo, baka meron kang makita na magandang offer sa 2nd car bayaran mo na ng buo.

[robot.sonic]

May na close na rin akong credit card before so feeling ko na blacklist ako. Nag open na lang ako ng bank account sa bpi family tapos lahat ng extra pera ko don ko nilagay. After a year, binigyan ako ng credit card kasi valued customer daw ako.

Ibig sabihin, di na nila niconsider yung bad record ko sa hsbc.

[_Qwerty_]

try mo pumunta sa mga dealer mga end of month.. naghahabol sila nang sales.. alam ko sa hyundai nagagawan nila nang paraan yan..

or you can go in house..

My problem is kinda different. My gross monthly salary is 102K plus around 12k in allowances. I know this would be enough for a car loan to be approved. However, I had several cancelled cards around 4 years ago when I encountered a financial storm way back. Now that I think I can afford to loan a car - mukhang wala ng bank ang mag aaprove sa kin.

What do you guys think? Send me PM guys if you can help me get approval ha. Thanks!

[rey031]

May na close na rin akong credit card before so feeling ko na blacklist ako. Nag open na lang ako ng bank account sa bpi family tapos lahat ng extra pera ko don ko nilagay. After a year, binigyan ako ng credit card kasi valued customer daw ako.

Ibig sabihin, di na nila niconsider yung bad record ko sa hsbc.

Question: if I cancelled credit cards in the past because I'm not using them, not because I can't pay my dues, that shouldn't be taken against my credit rating, right?

[brainmafia_310]

try mo pumunta sa mga dealer mga end of month.. naghahabol sila nang sales.. alam ko sa hyundai nagagawan nila nang paraan yan..

or you can go in house..

baliwala na yan Sir. ang importante sa banko kikita sila sayo at siguradong hatak ung sasakyan mo kung hindi ka makabayad. sa CC hatak ung card? hahahahaha.

Question: if I cancelled credit cards in the past because I'm not using them, not because I can't pay my dues, that shouldn't be taken against my credit rating, right?

no impact, i have 3 here they charged me annual fee without even using my card - pinapacut ko bayadan ko daw muna Annual Fee sabi ko magdemandahan na alng tayo. eto tawag ng tawag sa office ko, minumura ko naman,.

[Retz]

Question: if I cancelled credit cards in the past because I'm not using them, not because I can't pay my dues, that shouldn't be taken against my credit rating, right?

Kung hindi mo nagamit wala naman darating na statement of account. So why cancel? not unless if you already use it.


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[jhnkvn]

Question: if I cancelled credit cards in the past because I'm not using them, not because I can't pay my dues, that shouldn't be taken against my credit rating, right?

No impact. Pagmeron bigyan mo sila ng impact sa mukha

[rollyic]

Kung hindi mo nagamit wala naman darating na statement of account. So why cancel? not unless if you already use it.


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how about the annual fee?

[RandMcnally]

Buying cars should never be treated as investment because they are simply not. Buy that car because you want it. I am pretty sure your 67k would be enough and you would be approved. They are a bit aggressive this month due to year end closing.

[jhnkvn]

how about the annual fee?

Unless your credit record is horrible to begin with most card companies nowadays waive annual fees all too well. After all, the major revenue source of a card issuer isn't on the annual fees but on interest rates.

[rollyic]

Unless your credit record is horrible to begin with most card companies nowadays waive annual fees all too well. After all, the major revenue source of a card issuer isn't on the annual fees but on interest rates.

but the thing is, sabi ni retz hindi daw gagamitin yung card.
so saan kukunin ng bank yung revenue kung hindi gagamitin yung card?