lowest auto loan rate

[Tallguy]

Do not be fooled with BPI free 1 month amortization it is deceiving. Your interest rate is too high

[screws]

Aside from the higher interest rates, they will also milk you with their expensive insurance policies.

I still find Metrobank to give better rates than any other banks maybe aside from Eastwest sometimes. Partly because I have existing account with them so it helps to be loyal with your existing banks.

[NarsMlvn]

Aside from the higher interest rates, they will also milk you with their expensive insurance policies.

I still find Metrobank to give better rates than any other banks maybe aside from Eastwest sometimes. Partly because I have existing account with them so it helps to be loyal with your existing banks.

Do not be fooled with BPI free 1 month amortization it is deceiving. Your interest rate is too high

maraming salamat sa response nyo. pero mas okay sila kesa sa bigay sa inhouse? hmmm

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Aside from the higher interest rates, they will also milk you with their expensive insurance policies.

I still find Metrobank to give better rates than any other banks maybe aside from Eastwest sometimes. Partly because I have existing account with them so it helps to be loyal with your existing banks.

Do not be fooled with BPI free 1 month amortization it is deceiving. Your interest rate is too high

maraming salamat sa response nyo. pero mas okay sila kesa sa bigay sa inhouse? hmmm

[Tallguy]

Does metrobank have promo?

[vince2]

What is a typical range rate for used car financing? Any suggestions which bank offers the best rate for used cars.? TIA

[pilyangswitipie]

What is a typical range rate for used car financing? Any suggestions which bank offers the best rate for used cars.? TIA

These are the usual rates for second hand cars. (From bpi site)

[pilyangswitipie]

Re-attaching for clearer image.

[Drcardio]

Hmm.. so based on the entire thread, it's always BPI vs Metrobank... and to consider PSB/eastwest

[kai s.]

My officemate is comparing rates now as he's also planning to purchase soon. Surprisingly, Security Bank is offering him the lowest interest. I would've thought BPI/Metrobank/BDO (lowest offers for me when I bought my car last year) but it seems that SB is really trying to compete.

[JohnM]

My officemate is comparing rates now as he's also planning to purchase soon. Surprisingly, Security Bank is offering him the lowest interest. I would've thought BPI/Metrobank/BDO (lowest offers for me when I bought my car last year) but it seems that SB is really trying to compete.

I compared BPI, Chinabank, EastWest, AUB and Security Bank. Malaki nga ang lamang ng SB compared to the others. Given the same DP and terms I was able to save between 1500 to 2000 on my monthly. It might've helped na may good account history din ako sa kanila.

[pilyangswitipie]

Baka po pede bigyan nyo kami idea ng rates sa security bank. And follow up question din po. May kasama kayang one year insurance sa kanila? Since BPI is offering free on its first year. That's still one thing to consider. Plano ko din po bumili ng car soon.

[JohnM]

I remember the amortizations lang not the exact percentages.

Double-check BPI's "free" first year insurance. IIRC you are tied to BPI MS for the rest of the loan's term. Good because it's auto-renewed every year. Bad because you can't shop around for cheaper options.

[Tallguy]

Be careful of bpi free insurance participation is too high

[Tallguy]

So far bank of commerce provided the lowest rate for me compared with bpi, metrobank and bdo

[pilyangswitipie]

Security Bank just emailed me regarding their rates. Eto po para may idea tayo. Medyo mas mahal nga lang chattel nila compared sa bpi. 21k vs 15k. Im not sure kung pwede i-haggle and wala silang free insurance, right? They did not mention it in the email. Well, the important thing is do your math and choose what you think is best for you.

[ThisSideUp]

Earlier I visited a BPI Automadness exhibit in a local mall and for my choice of vehicle (MUX), * 40% DP and 60 mos term, the bank rep gave me a "special rate" of 23.36% (OMA). Of course, with the usual free insurance only for the 1st year. My bank (ChinaBank) gave me 26.7% when I inquired around lunch kanina rin.

Is this a good deal? I was asking how much I would pay for the 2nd and 3rd year auto-renewing BPI/MS but she gave a range figure, "around something like...". I dont have to get from them naman daw (and then she flashes her cute smile).

Its my first time to ask (not necessarily a pretty smiling agent) and I'm seriously scouting for my 1st brand new car. Help needed.

[boytsiks]

Earlier I visited a BPI Automadness exhibit in a local mall and for my choice of vehicle (MUX), * 40% DP and 60 mos term, the bank rep gave me a "special rate" of 23.36% (OMA). Of course, with the usual free insurance only for the 1st year. My bank (ChinaBank) gave me 26.7% when I inquired around lunch kanina rin.

Is this a good deal? I was asking how much I would pay for the 2nd and 3rd year auto-renewing BPI/MS but she gave a range figure, "around something like...". I dont have to get from them naman daw (and then she flashes her cute smile).

Its my first time to ask (not necessarily a pretty smiling agent) and I'm seriously scouting for my 1st brand new car. Help needed.

Seems like a good deal.

I availed BPI's free insurance couple of years back. I paid around 29k on the second year for my montero.




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[Tallguy]

Just check your participation fee

[dopamine101]

Security Bank just emailed me regarding their rates. Eto po para may idea tayo. Medyo mas mahal nga lang chattel nila compared sa bpi. 21k vs 15k. Im not sure kung pwede i-haggle and wala silang free insurance, right? They did not mention it in the email. Well, the important thing is do your math and choose what you think is best for you.

Thanks for posting. Try to check BDO deals on wheels. I'll check them out this weekend at MOA.

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Security Bank just emailed me regarding their rates. Eto po para may idea tayo. Medyo mas mahal nga lang chattel nila compared sa bpi. 21k vs 15k. Im not sure kung pwede i-haggle and wala silang free insurance, right? They did not mention it in the email. Well, the important thing is do your math and choose what you think is best for you.

Thanks for posting. Try to check BDO deals on wheels. I'll check them out this weekend at MOA.

[ThisSideUp]

I've just been to MOA to inquire at BDO's Deals on Wheels exhibit. The bank rep said the promo rate for 40% DP * 60 mos term for MUX is 24.95% (OMA). I haggled if she can top BPI's 23.36%, pwede naman daw i-match but I need to apply and she will seek approval daw.

I guess she can't make the call, she's limited to the published rate sa flyers nila.