lowest auto loan rate

**lakay77** · September 21st, 2015 06:27 PM

Originally Posted by romsky26

Hi,

I am planning to sell my old car and get a new car via bank loan. Hope you guys can answer my questions. I know we should compare different bank offers to get the best deal possible, so when you apply for a bank loan, do you go to BPI/Metrobank/Security Branch A, Branch B, C etc. or is it just BPI vs Metrobank vs Security bank etc. Is it correct that one bank, for instance BPI, has the same rate for all its branches? Or different branches have its own rate. Sorry, really no have idea about loans. Thanks!

maski bpi iba iba ang rate na binibigay

**aidejiunshin** · September 21st, 2015 11:47 PM

Sir sa tingin nyo ok na to? Bpi.

Totoo ba na iba2x ang qoutation nila?
Btw ranger wt po ung unit.

**hondabishi** · September 22nd, 2015 01:24 AM

Mine was
BPI
16.57%
5yrs
30% DP

Free Chattel
Free 1yr comp insurance
Free 3yrs TPL
Free 3yrs LTO

**radz15** · September 22nd, 2015 01:26 AM

Originally Posted by aidejiunshin

Sir sa tingin nyo ok na to? Bpi.

Totoo ba na iba2x ang qoutation nila?
Btw ranger wt po ung unit.

Normal rate lang nila yan. Try mo makipag haggle. 24.98% bigay sakin ng BPI 5 years to pay pero 1 month advance

**hondabishi** · September 22nd, 2015 01:34 AM

Originally Posted by aidejiunshin

Sir sa tingin nyo ok na to? Bpi.

Totoo ba na iba2x ang qoutation nila?
Btw ranger wt po ung unit.

So 271,220php ang total na naging interest sir in 5yrs

Yung sakin kase BPI din around 180k ata ang naging total interest in 5yrs if ccomputin yung total na ilalabas ko. 30% DP din yung sakin. Not sure though kung dahil ba mas maliit yung loan amount nung sakin kaya ganyan difference.

**renee17** · September 22nd, 2015 06:03 AM

Ganyan din sakin sir sa bpi. Nakikipag haggle pa ako w/o insurance and same pa din. Bumaba lang xa without the one month free. So try ko pa sa ibang bank.

**moneyp** · September 22nd, 2015 07:28 AM

Ask the different banks and haggle. Best rates should be around Security Bank, BDO and BPI. Make them compete for better rates. Like if you went to all 3 and the best rate you get is 8% per annum, go to the one you like and give them a chance to give you an even lower rate.