lowest auto loan rate

**ericb** · June 17th, 2016 11:52 PM

Originally Posted by weezing

Does anybody here know of any casa which applies the discount to the DP. I was offered 95k discount with free LTO. When I talk with Casa They said di nila pweded i-deduct against the DP kasi hndi daw papayag si bank. Spoke with UnionBank and they affirmed the same thing. So I am looking for anyone who knows of a casa who will side swipe the bank pra mai-apply ang discount against the DP and not on the SRP so I get to keep the interest rate and get a better DP deal. TIA

Asked the same thing to my agent and told me it is possible ONLY IF I'll get the car via in-house financing.

**kai s.** · June 18th, 2016 12:24 AM

What car brand, sir?

In my case, the discount was deducted from my DP. Both the bank and the casa let me choose where to apply the discount given by the agent.

My options then:

A) Discount on the DP, which was x percent of SRP

B) Discount on total price THEN compute for DP

C) Full DP at x percent of SRP then apply discount to amount to be loaned

I chose A because the two other options would decrease the loan amount to below the minimum required for the bank's free insurance promo.

**ericb** · June 23rd, 2016 09:01 PM

My loan was approved. The discount was deducted to the unit price, then the monthly amortization and the 20% downpayment was computed on the discounted price. I applied through the 100 days promo of Metrobank btw. HTH

**chaoticxz** · June 28th, 2016 11:24 PM

im planning to buy a second hand car and finance it. which is much bettery BPI or Metrobnk?

**Mel Vin** · June 29th, 2016 11:10 AM

Originally Posted by ericb

My loan was approved. The discount was deducted to the unit price, then the monthly amortization and the 20% downpayment was computed on the discounted price. I applied through the 100 days promo of Metrobank btw. HTH

Hello Sir pwede po ba malaman ang offer ni MBTC sa inyo? and yung cash discount ng dealer? nagapply din po kasi ako. ^^)

**kishAn** · June 29th, 2016 11:45 AM

Originally Posted by Mel Vin

Hello Sir pwede po ba malaman ang offer ni MBTC sa inyo? and yung cash discount ng dealer? nagapply din po kasi ako. ^^)

til next week of July lang ata ang promo ni metrobank. free chattel and 1yr insurance

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**kishAn** · June 29th, 2016 11:46 AM

Originally Posted by chaoticxz

im planning to buy a second hand car and finance it. which is much bettery BPI or Metrobnk?

check first with the bank if they allow 2nd hand outside the bank or from their repo units only

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**Mel Vin** · June 29th, 2016 12:09 PM

Originally Posted by kishAn

til next week of July lang ata ang promo ni metrobank. free chattel and 1yr insurance

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Sir
magkano po cash discount ng dealer nyo po? Anong unit po ng car? If u dont mind.

**Allan023** · August 3rd, 2016 10:12 AM

Originally Posted by kishAn

til next week of July lang ata ang promo ni metrobank. free chattel and 1yr insurance

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Ok nga promo ng metrobank. Sayang di ko inabot Free chattel

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**Egan101** · August 3rd, 2016 10:36 AM

Between BPI, BDO, and Metrobank, it was Metrobank who gave me the best rates. A friend who works for Security Bank Auto Loan told me they could match the offer of Metrobank.