lowest auto loan rate

[_Qwerty_]

SRP = 699,000
DP = 98,650
LOANABLE AMOUNT = 600,350
MONTHLY = 11,735
TOTAL CASH OUT = 11,735 x 60 = 704,100
INTEREST PAID = 704,100 - 600,350 = 103,750
PERCENTAGE = 103,750 / 600,350 = 17.28%
% PER YEAR = 17.28 / 5 = 3.45%

pano mo na compute yung 14.84%?

[ajim]

ahh so ganyan pala ang pagcompute ng interest, kapag nakuha na ung interest na binayaran mo over the 5years, dpat pala idivide sa loaned amount, not the SRP hehe.. kasi ang computation na ginawa ko po ay ganito:

SRP: 699000
DP: 98650
Monthly: 11735

[(11735 monthly * 60months) + DP 98650] - SRP 699000 = 103750 pesos sa interest, then

(103750 / 60 months) * 12 months to get the year then divided by SRP bale [(103750 / 60) * 12] / SRP 699000 = 20750 / 699000 = 0.029 which is 2.9% per year then * 5 years = 14.84% hehe..

nagkamali po ako dun sa second part, dapat pala is ung interest na 103750 is ididivide sa loaned amount na 600350 to get the 5years now I know na that's how to compute the interest with the given figures hehe

salamat sir chief

[999]

ahh so ganyan pala ang pagcompute ng interest, kapag nakuha na ung interest na binayaran mo over the 5years, dpat pala idivide sa loaned amount, not the SRP hehe.. kasi ang computation na ginawa ko po ay ganito:

SRP: 699000
DP: 98650
Monthly: 11735

[(11735 monthly * 60months) + DP 98650] - SRP 699000 = 103750 pesos sa interest, then

(103750 / 60 months) * 12 months to get the year then divided by SRP bale [(103750 / 60) * 12] / SRP 699000 = 20750 / 699000 = 0.029 which is 2.9% per year then * 5 years = 14.84% hehe..

nagkamali po ako dun sa second part, dapat pala is ung interest na 103750 is ididivide sa loaned amount na 600350 to get the 5years now I know na that's how to compute the interest with the given figures hehe

salamat sir chief

hehehe..not sure..parang mali...

[999]

ahh so ganyan pala ang pagcompute ng interest, kapag nakuha na ung interest na binayaran mo over the 5years, dpat pala idivide sa loaned amount, not the SRP hehe.. kasi ang computation na ginawa ko po ay ganito:

SRP: 699000
DP: 98650
Monthly: 11735

[(11735 monthly * 60months) + DP 98650] - SRP 699000 = 103750 pesos sa interest, then

(103750 / 60 months) * 12 months to get the year then divided by SRP bale [(103750 / 60) * 12] / SRP 699000 = 20750 / 699000 = 0.029 which is 2.9% per year then * 5 years = 14.84% hehe..

nagkamali po ako dun sa second part, dapat pala is ung interest na 103750 is ididivide sa loaned amount na 600350 to get the 5years now I know na that's how to compute the interest with the given figures hehe

salamat sir chief

nce yan ..=)

[DeathRow]

5 years is usually high 20's/early 30's percentage interest rate.

[ajim]

*deathrow -- kaya nga sir parang its too good to be true yung offer sir.. matinding pagiisip ito hehe :D

[rmsoriano]

sir ajim, can you PM to me your contact person sa bank? very interested lng ako sa offer nila.....

*deathrow -- kaya nga sir parang its too good to be true yung offer sir.. matinding pagiisip ito hehe :D

[ajim]

sir ajim, can you PM to me your contact person sa bank? very interested lng ako sa offer nila.....

ygpm sir

[rmsoriano]

sir ajim, can you PM to me your contact person sa bank? very interested lng ako sa offer nila.....

*ajim, sir better check your figures, your contact person already sent me a proposal, based in my computation, the rate for 5 years is 29.61%....

[lukscudkil]

maybe you forgot to consider cash discount that's why you got a very low rate n your computation

[lukscudkil]

*ajim, sir better check your figures, your contact person already sent me a proposal, based in my computation, the rate for 5 years is 29.61%....

maybe you forgot to consider cash discount that's why you got a very low rate n your computation

[ajim]

*ajim, sir better check your figures, your contact person already sent me a proposal, based in my computation, the rate for 5 years is 29.61%....

Copy sir.. nagdadalawang isip na nga ako eh hehe

[Capt.Bob]

Pa quote din po ako Trailblazer 4X4 at ford Explorer 4X4.... minimum DP at 1year to pay pareho... e-mail capt.bob*boxbe.com... thanks

[999]

*deathrow -- kaya nga sir parang its too good to be true yung offer sir.. matinding pagiisip ito hehe :D

hahaha..too good to be true ba? matindi tlg ...pero ang bottom line tlg will be your budget, how much are you willing to pay for your total cash out? and ..the monthly amortization ...cempre..can be negotiated db?

[Onyx2012]

Just new here and i am planning to buy a car worth Php1.045M 30% DP 3-5 years to pay. Anyone who could give me a good offer?

[Onyx2012]

Got an offer from BDO 29.13% for 5 yrs OMA. Meron kayang mas mababa pa dito?

[stavros]

Got an offer from BDO 29.13% for 5 yrs OMA. Meron kayang mas mababa pa dito?

Taas yan, sa chinabank 26% lang

[jcpiper018]

Hi,

Newbie question here, just want to ask if for example my Tita is the one who applied for an autoloan and got approved, Can she put the car under my name?
btw i will be the one who will be paying everything. Its just that I dont quite have a good credit rating.

And is there any bank that require 20% downpayment on secondhand cars? 15% downpayment on brand new.
because i am contemplating on geting used 1 year outdated model or brand new entry level car.


Thanks a lot!

[lukscudkil]

Got an offer from BDO 29.13% for 5 yrs OMA. Meron kayang mas mababa pa dito?

anu unit sir?

[Onyx2012]

Innova E Diesel M/T po