Quesion on Discounts on In-House Promos

[mtbjr]

Hi mga sirs, I'm planning to get my 1st car on an auto loan this coming NOV 2010. Di pa ako naglilibot sa mga showroom at nag-start manghingi ng mga applications sa bank kasi sa OCT 15 pa ako mag-enroll sa driving school. I've inquired about Cruze LS A/T on both Chevy Pasig & Quezon Avenue and this is what I've noticed:

Chevy Pasig
- has discount on DP and with 1 year free PMS
- 1.35% interest (DP + 5 years installment)

Chevy Quezon Avenue
- has lower discount on DP but w/o the free PMS
- 1.29% interest (DP + 5 years installment)

Alin po ba ang mas OK sa kanila? Isa pa pala, totoo ba na pag bank financing ka ay wala kang makukuhang mga freebies or marketing strategy lang ng mga SA yun? Hope to get my Super Red Cruze this year. Thanks in advance and good day!

[lancy09]

Best freebies are given to cash buyers. When you get a car loan thru bank financing, it is good as cash buying. Bank has also better interest rate compared to in-house financing.

[qman]

If you are really set na to get the cruze... Then its time to shop around sa mga bank naman, get the best rates. Pag na approve ka na normally me mga tie up silang mga dealer na can give better discounts pa sa current information na alam mo.

[mtbjr]

Yes, I've already decided that it's a Cruze for me. I'll finish muna yung driving lessons kaya mag-enroll na ako this sa driving school. Then I will get application forms na sa mga banks sa last week na ng OCT or first week ng NOV. Thanks for all your inputs!

[introvertbud]

Hello Ma'am / Sirs,

I have some question since it's my first time to buy a car. I don’t have any siblings and cousins to whom I can ask these questions. I’m an orphan. L For the past 2 weeks, I do back reading to get some insights from the members.

I applied for auto financing through an agent (from http://sulit.com.ph). I got approved by BDO for Honda City 1.3A M/T, 20% DP, 5 Years. Price of the car is 691,000.

According to my agent's initial quotation:
20% DP = 138,200
Amount to be loaned = 552,800
MA = 13,282/month.
3Y LTO = 6,250
1Y Comprehensive Insurance = 25,913 + 4,330 (AOG)
Total Cash out = 170,363
Chattle Mortgage = FREE

There's already a PO to Honda Pasig (Libis) although I’ll pay the car by last week of November. The agent made the chattel mortgage free. She also enumerated the other free items from Honda: 3M Tint, Seat Cover, Rain Visor and Honda standard freebies

I was able to arrange with my agent for free 3Y LTO and free rust proofing. J
I also asked if I can pay the insurance within 6 months and she told me that’s possible with People's General Insurance Corporation.


Questions
1. Can I tell my agent that I would rather choose another insurance company? I feel there are more cheap premium + AOG from Directlink, BPI-MS, Chartis, etc.

2. Is it proper to ask with my agent who is the Honda Sales executive? I'm planning to haggle with the sales executive to give me fleet discount, free back up sensor and mudproof or matting. I checked with Honda Shaw and the SE is willing to give me those.

3. Is it possible to shift with another dealer even if the PO is already with Honda Libis? I want to get as much discounts and freebies as possible.

Looking forward for your answers. J

[Gecko Guy]

Paps,
Nakakarga na yung chattel mo sa interest na babayaran mo...why not go directly to the bank and apply your loan...in that case mas makakatipid ka. If you don't have the time to do that then ok na yung agent mo.