lowest auto loan rate

[_Qwerty_]

727T - 166,229 DP = 560,771 total loan

3 years = 18,691 x 36 = 672,876 total payment - 560,771 = 112,105 interest or 19.99% 3 years or 6.66% per year
4 years = 15,126 x 48 = 726,048 total payment - 560,771 = 165,277 interest or 29.47% 4 years or 7.37% per year

ano daw kasma don sa all in? yung 3 years mukhang ok na..

[Daison77]

727T - 166,229 DP = 560,771 total loan

3 years = 18,691 x 36 = 672,876 total payment - 560,771 = 112,105 interest or 19.99% 3 years or 6.66% per year
4 years = 15,126 x 48 = 726,048 total payment - 560,771 = 165,277 interest or 29.47% 4 years or 7.37% per year

ano daw kasma don sa all in? yung 3 years mukhang ok na..

Sa compute ko kasi pinaka maganda deal nila is sa manual variant na 1.3 talaga sir.
All-in package inc :

1yr compre insurance with aon
3 yrs LTO and processing fee includes chattel
Tint
Orig floormats
Rustproof on wheelwell
Curduroy seats
Free labor 1k & 5k

[slapz]

Buti pa sa Toyota pala noh, di ganun kataas ang interest nila. I was offered din with 1.3 E M/T, 100K DP All In, 14,192 MA for 60 months. So parang 36% interest lang. Pero syempre, mas mura parin talaga sa Bank. Kasi pwede din naman ata i-apply yung 40K discount.

For Bank Financing,
Malamang for the 727K, applying the 40K discount sa down:

DP 105K
INS: can be free or if not, 20K
CM: 20K
LTO: 10K
So total cash out is 155K, MA nun is 13.3K * 28.43%, for a total cost of 903.7K

Sa in house; abot ng 951K ang total cost.

[Albastru]

Hi Guys,

Just a question, is there any ethical concern kung mag aapply ka sa lahat ng bank na kaya mo, then select one with the best rate tapos turn down mo ung iba kahit naapprove ka din sa kanila? Thanks.

[shadow]

Hi Guys,

Just a question, is there any ethical concern kung mag aapply ka sa lahat ng bank na kaya mo, then select one with the best rate tapos turn down mo ung iba kahit naapprove ka din sa kanila? Thanks.

Nope! That is your rights to shop around for the best rate


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#retzing

[lukscudkil]

nope and thats what agent is doing. they submit the application form to all the banks that they knew tapos paunahan sa approval.

[RandMcnally]

Hi Guys,

Just a question, is there any ethical concern kung mag aapply ka sa lahat ng bank na kaya mo, then select one with the best rate tapos turn down mo ung iba kahit naapprove ka din sa kanila? Thanks.

Just did that and I went to BPI, BDO, UCPB, Unionbank, PNB, PSBank and Metrobank. Metrobank did offer the lowest rates as of Oct.

Also did that with Mazda dealers. I called up Alabang, Makati, Pasig and Greenhills. I even let them compare each others offers. From the questions that they are asking me, I am pretty sure they are used to it.

I also scouted a number of insurance companies. Similarly, I let them compare each others offer and let them match the competitor's offers.

In the end, I got the best deals for both bank, insurance and dealers. I got big discounts at lower amortization.

Since you are spending a fortune for your cars, you definitely have the right to get the best deals possible.

[tikling]

Lahat ba ng bank pumapayag sa 60% downpayment at 60 months?

[nyvlem]

Lahat ba ng bank pumapayag sa 60% downpayment at 60 months?

Quote po sa akin, vios e MT, 80K all in * P 14,135.00 Parang lumalabas na 46% ang 5 years, Mataas po ba?

[boytsiks]

Quote po sa akin, vios e MT, 80K all in * P 14,135.00 Parang lumalabas na 46% ang 5 years, Mataas po ba?

Anong variant sir?

[nyvlem]

Anong variant sir?

Vios E MT sir.

[boytsiks]

Vios E MT sir.

Yun ba yung 727k ang SRP. Based sa computation ko nasa 31.xx % lang ah. I might be wrong. Pero kung 31% sa in house, pede na siguro. Pero take note na banks offer less interest but dapat higher DP.

HTH!


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[nyvlem]

Yun ba yung 727k ang SRP. Based sa computation ko nasa 31.xx % lang ah. I might be wrong. Pero kung 31% sa in house, pede na siguro. Pero take note na banks offer less interest but dapat higher DP.

HTH!


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Opo sir based sa 20% DP, yung 80k na DP Hindi na ako qualified sa bunot na promo nila, sabi kasi mababa na daw and, wala ng hidden charges, kasi sa standard promo daw eh meron pa daw mga hidden charges as per manager ng Toyota.. Hindi ko lang sure kung nang uuto lang yun heheh

[tikling]

uulitin ko lang baka may nakakaalam

Lahat ba ng bank pumapayag sa 60% downpayment at 60 months?

[[archie]]

^^kahit 90% pa down tapos 60 months papayag bank. Mas madali approve yung ganyan.

[stavros]

^^kahit 90% pa down tapos 60 months papayag bank. Mas madali approve yung ganyan.

May minimum loanable amount sila, nde lang sa ganyang condition.

[nyvlem]

Finally will get our vios, from 80k na dp, it was lowered down to 70k with the same monthly amortization

[edwardclaver]

ano ba ang mga bangko ngaun na may auto loan promo?
ok ba mag auto loan sa metrobank? Thanks in Advance..

[djhao79]

ano ba ang mga bangko ngaun na may auto loan promo?
ok ba mag auto loan sa metrobank? Thanks in Advance..

Metrobank has the lowest interest rates INDEED! Downside is...u need to comply the rqmts pag nagpaprocess ka na ng loan. Dapat complete talaga. Mabusisi lang sila sa mga docs rquired pero ang maganda sa kanila. Napakababa ng interest rate, yung 36months na iapply ko nga ngaun, ang quote lang sa akin eh, lumalabas na 13.2% for the whole term. Though may Effective Interest rate sila nakalagay sa quote pero kung susumahin mo, nasa 13.2% lang sya. Napakababa pa ng chattel mortgage fee nila. Wla kang makikitang bank na ganyan kababa ang offer. You will also have a freedom to choose ur insurance kahit sa labas mo pa kuhain. Around 1-wk ang turnaround time nila sa pagprocess ng loan.

BPI is at 15.2% for 3yrs, free insurance (for at least 3yrs term loan), free credit card, I am not that sure kung may free gas pa rin sila sa promo. Once u avail their free insurance package, nakatali ka na sa insurance nila for the whole term...eh mas mura pa rin kumuha ng insurance sa labas kung iccompare mo pero for me, ok din naman lalo na kung 3yrs term lang naman.

Actually, I am torn between Metrobank and BPI. Kasi ang compute ko, ang difference lang ni Metrobank kay BPI based on my loan, mga 27k lang naman. Well I think, practical na rin ichoose si BPI kung 27k lang naman ang difference sa buong term ng loan namin at saka si BPI naman libre nga ang insurance, so compensated naman din sa 27k difference ni Metrobank. Ang downside lang talaga is nakatali kay BPI/MS ang insurance. I was thinking...paano kung pangit ang service ni BPI/MS? Eh no choice na ako since nakastick lang kami sa BPI/MS just in case, saka isa pa, ang taas kasi ng participation fee ni BPI/MS Insurance, 0.75%. Samantalng sa iba, 3k lang ang offer sa akin pero same ni BPI/MS din ang coverage amount ng insurance since pinantapat ko ang quotation ni BPI/MS sa insurance broker ko. Kaya nagiisip talaga ako til now, kasi sa December magpaparelease kami ng unit.

[KERSMcRae]

Yung insurance pwede rin ba na instalment?

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