lowest auto loan rate

[tootles3]

Mga Sir's/Ma'am,

I am planning of buying a 2nd hand Toyota Avanza. Could you please help me kung saan ang pinaka-ok na mag-auto loan/car financing? Mababa na po ba ang 1.14% per month?

[MonteroGLSV]

Mga Sir's/Ma'am,

I am planning of buying a 2nd hand Toyota Avanza. Could you please help me kung saan ang pinaka-ok na mag-auto loan/car financing? Mababa na po ba ang 1.14% per month?

Sir taas nyan sir,almost katumbas na ng 3yrs yan sa bank if brand new kunin mo. pero ganun po tlaga kalakaran sa 2nd hand car sir mataas interest nila
anyway sir ilang taon na po ung kunin nyong car?baka pwede nyo pasok sa BPI yan mas mura ng kunti IMHO...

[tootles3]

Sir taas nyan sir,almost katumbas na ng 3yrs yan sa bank if brand new kunin mo. pero ganun po tlaga kalakaran sa 2nd hand car sir mataas interest nila
anyway sir ilang taon na po ung kunin nyong car?baka pwede nyo pasok sa BPI yan mas mura ng kunti IMHO...

Sir MonteroGSLV, Di pa tlaga ako nakakahanap pero ang target ko is 2007-2009 models. Ano pwde nyo i-advice?

[MonteroGLSV]

If you are going to ask me sir lalo na pag hulugan lang din eh mag brandnew na po kayo kunti na lang po dagdag nyo. and bank interest is lower than 2nd hand.

Sir MonteroGSLV, Di pa tlaga ako nakakahanap pero ang target ko is 2007-2009 models. Ano pwde nyo i-advice?

[jansky]

mataas ang interest rate pag mga 2nd hand dahil high-risk mga yan

[Emil Lacar]

Hi tsikoteers,

I'm planning of getting a car by next month so nagpa quote ako sa metro. Here's their quote please tell me what you think. Your expertise is greatly appreciated.

Toyota Vios 1.3J

Php630,000.00
126,000.00 (20% DP)
----------------
Php504,000.00 Loanable Amount 9.18%

Monthly amortization Php10,506.30 (5 yrs)

Chattel Mortgage Php12,200.00

[revans]

Im planning na mag auto loan for the first time and been qouted already by my bank (Allied/PNB), kaya lang dami pang hinahanap na documents, as per your experience guys important ba talaga sa bank ang AUDITED FINANCIAL STATEMENT... kung iisipin i maintained account sa kanila both savings and current and allied bank credit card which i payed them every month at least 20 to 35k monthly bills binabayaran ko sa credit card alone... Ganun po ba talaga kalakaran dispite they can easily silipin ang cash flow ko and malalaman naman agad nila if im a bad debtor. I may be im out of topic pag pasensyahan na lang po... kindly shed light me on this...tnx a lot in advance.

[revans]

Share ko lang...
Vios 1.3E A/T
Unit Price - 762,000
Discount - 10.000
Net unit price - 752,000
Down Payment (20%) - 150,400
Amount to be financed - 601,600
Term (mos) - 48
Add on interest rate - 20% (for approval daw from orig 21.84%- pinakita ko kasi quotation ng ibang bank willing mag bigay sa 20%)
Net monthly amortization - 15,040

Downpayment -150,400
OMA - 15,040
Chattel - 15,501
TPL - 1,700
Insurance w/ AOG - 24,500 (Malayan)
LTO - free
Total Cash Outlay - 207,141

What do you think? Ok na ba to? Mayrun pa bang dapat i-haggle?

[car_bore]

Guys, ask ko lang. Ok na ba ung binigay sakin ng Metrobank?

Toyota Fortuner
UNIT PRICE: 1,489,000.00
Downpayement: 446,700.00 (30%)
Amount Financed: 1,042,300.000

Monthly Amortization: 32,989.85 (36 months)

*Does not include LTO, Insurance, Chattel etc.

[Excalibur]

Im planning na mag auto loan for the first time and been qouted already by my bank (Allied/PNB), kaya lang dami pang hinahanap na documents, as per your experience guys important ba talaga sa bank ang AUDITED FINANCIAL STATEMENT... kung iisipin i maintained account sa kanila both savings and current and allied bank credit card which i payed them every month at least 20 to 35k monthly bills binabayaran ko sa credit card alone... Ganun po ba talaga kalakaran dispite they can easily silipin ang cash flow ko and malalaman naman agad nila if im a bad debtor. I may be im out of topic pag pasensyahan na lang po... kindly shed light me on this...tnx a lot in advance.

Try EW bank, less hassle and less documents requirement.

[sirmykel]

went to metrobank for a quotation and this is the proposal they gave me, (Toyota Innova G Limted Edition M/T * Php 1,145,000)

one time payment on chattel mort. with a pressumed amount close to monthly ammortization (Php 16,668.15 +++)
insurance will quoted by the bank, or i have the option to chose my insurance company (which currently i have already at Php 23,000+)
LTO they said the dealer will be the one processing.

is it a good deal?

[Ginnova]

9.18% in 60 months? Wow.

[niky]

Are they sure on the add-on interest? 1.8% a year? That is actually incredibly low. Advertised rates are around 5% or higher.

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And they actually quote that low for walk-in customers?!?

[[archie]]

Wow! The lowest I've seen is at 4% per annum. What branch is that?

[Ginnova]

Parang too good to be true. Saang branch yan.

[joemarski]

1.8% p.a.??? Kuha na agad!!! Definitely the lowest I've ever seen!!! :2thumbsup:
Saang branch 'yan?!?

[Retz]

Wow! The lowest I've seen is at 4% per annum. What branch is that?

saan ung 4% per annum sir? sa BDO insurance pinaka cheapest na around 5.2% per annum.

[[archie]]

A friend of mine sa bpi preferred banking. If I remember it right, 4.28/year.

[niky]

That's what I know also... preferred rate. Pero walk-in is always 5-6%.

A walk-in inquiry rate of 1.8% is kinda unbelievable.

[sirmykel]

sirs kahit ako rin nagulat sa interest rate nya, pero po eto yung yield na results dun sa calculator nila eh,