Need advice, 1st time car and it will be financed.

[Gecko Guy]

*dp: Ipon ipon lang muna huwag magmadali......kung di na makahintay then pede ka smumubok kumuha ng 2nd hand car na praktisan kung paano mag-maintain...again get it in cash. Happy Hunting!

[optcode]

Hello, I'll be buying a car soon. If bank fiancing siya (not in-house financing), sino ang magaasikaso ng mga LTO registration papers? Dealership din ba ang magpprocess nun on behalf of the buyer?

[SkyFlakes88]

Hello, I'll be buying a car soon. If bank fiancing siya (not in-house financing), sino ang magaasikaso ng mga LTO registration papers? Dealership din ba ang magpprocess nun on behalf of the buyer?

Usually po yun registration is free na po. Casa na po mag process nun pati plaka po

[dr. d]

- - - - - - - - - - - - - - - - - - - - - -

Hello, I'll be buying a car soon. If bank fiancing siya (not in-house financing), sino ang magaasikaso ng mga LTO registration papers? Dealership din ba ang magpprocess nun on behalf of the buyer?

depende.
some casas add the lto and insurance to the price, and make it appear that they are paying them for you, free.
other casas will charge additional for the lto and insurance..
you will have to ask and make sure which is which.

[Putengs]

My car loan is bank approved (direct) already. What to do next when talking to dealers? What to consider? Is it ok if my bank officer will do the negotiating with dealers and what is dealers incentive? Newbie po. Thanks.

[b_9904]

My car loan is bank approved (direct) already. What to do next when talking to dealers? What to consider? Is it ok if my bank officer will do the negotiating with dealers and what is dealers incentive? Newbie po. Thanks.

Dealer incentive is yung 1% ng niloan mo, ay mapunta sa dealer mo.

Parang commission nila. You could na ibigay sayo yung full 1% na yun.

Ask for lotsa free stuff. Pag labanin mo yung mga s.a./dealers na kausap mo.

Ask for free chattel mortgage din from the bank.

Free tpl from the dealer.

[Putengs]

Dealer incentive is yung 1% ng niloan mo, ay mapunta sa dealer mo.

Parang commission nila. You could na ibigay sayo yung full 1% na yun.

Ask for lotsa free stuff. Pag labanin mo yung mga s.a./dealers na kausap mo.

Ask for free chattel mortgage din from the bank.

Free tpl from the dealer.

Thanks for the advice.

[RandMcnally]

Here are my tips. Never ever fall under the "lowest DP" trap. Do not get in house financing even if they offer you big discounts. If it's less than 100k DP (particularly the 20k DP promos), just walk away. I have this colleague who bought a 800+ K car and ended up paying around 1.4M in amortization. I think the DP is around 20+ K. Compute the overall cost of buying a car.

Do not get a 60+ months amortization. Limit it to at most 4 years.

Make sure that your payment just accounts for 25% of your take home pay. I have friends who sacrificed a lot of their salary just to get a brand new car and they regretted getting a car. In the end, they felt the new car was just a burden. If paying insurance is a burden on top of the monthly amortization, think again. Make sure that your car does not affect you living conditions too much.

If you can't afford a brand new car, a second hand car will do. Account for the fact that you might need to spen money for maintenance.

If you can afford, get a good rate from the bank. Use your personal connection. Your father might know someone from the bank that can give you good rates. Never under estimate the power of connections.

Go for the highest DP that you can. Deal with more than one dealer and get the best deal. They are quite accustomed to this practice and frankly, they know more money making tactics than you do and chances are, they are trying to milk as much money from you as they can. Though, respect the ethics behind the deals. Just be frank about the fact that you are talking with other dealers.

Never ever get into trouble of having your car reposessed. Make sure you have enough money for rainy days. You never know when an accident or huge hospital bill might come.

[shembot]

Mga bossing, newbie here na excited and aligaga at the same time hehe. I got a pretty nice discount and freebies from toyota pasig for fortuner G dsl at. Everything is done via txt lang. Si bank will soon issue a PO na. Me need ba ako i fill up na form or something from toyota that details the discount and freebies? Btw, we will avail the dealer's backup cam (AVT brand), anything we shld watch out for/inspect? Saka pag nakuha na namin yung car unit, me checklist ba that i can refer para there is nothing missed out? Gano kaya katagal ang LTO registration ng dealer? Any tips are welcome. Salamat.

One more thing, sabi ng SA from toyota need ko na daw i finalize un sa bank within the week pra mka order na siya kase mahirap daw makakuha ng unit na gusto ko color (super white). Di ba pde siya kumuha from other dealership? Or pde ba mag order na siya while waiting for bank?

[Syuryuken]

Mga bossing, newbie here na excited and aligaga at the same time hehe. I got a pretty nice discount and freebies from toyota pasig for fortuner G dsl at. Everything is done via txt lang. Si bank will soon issue a PO na. Me need ba ako i fill up na form or something from toyota that details the discount and freebies? Btw, we will avail the dealer's backup cam (AVT brand), anything we shld watch out for/inspect? Saka pag nakuha na namin yung car unit, me checklist ba that i can refer para there is nothing missed out? Gano kaya katagal ang LTO registration ng dealer? Any tips are welcome. Salamat.

One more thing, sabi ng SA from toyota need ko na daw i finalize un sa bank within the week pra mka order na siya kase mahirap daw makakuha ng unit na gusto ko color (super white). Di ba pde siya kumuha from other dealership? Or pde ba mag order na siya while waiting for bank?

pretty nice discount and freebies and everything is done via text sounds INHOUSE FINANCING to me.

- - - - - - - - - - - - - - - - - - - - - -

Mga bossing, newbie here na excited and aligaga at the same time hehe. I got a pretty nice discount and freebies from toyota pasig for fortuner G dsl at. Everything is done via txt lang. Si bank will soon issue a PO na. Me need ba ako i fill up na form or something from toyota that details the discount and freebies? Btw, we will avail the dealer's backup cam (AVT brand), anything we shld watch out for/inspect? Saka pag nakuha na namin yung car unit, me checklist ba that i can refer para there is nothing missed out? Gano kaya katagal ang LTO registration ng dealer? Any tips are welcome. Salamat.

One more thing, sabi ng SA from toyota need ko na daw i finalize un sa bank within the week pra mka order na siya kase mahirap daw makakuha ng unit na gusto ko color (super white). Di ba pde siya kumuha from other dealership? Or pde ba mag order na siya while waiting for bank?

pretty nice discount and freebies and everything is done via text sounds INHOUSE FINANCING to me.

[dos2]

Mga bossing, newbie here na excited and aligaga at the same time hehe. I got a pretty nice discount and freebies from toyota pasig for fortuner G dsl at. Everything is done via txt lang. Si bank will soon issue a PO na. Me need ba ako i fill up na form or something from toyota that details the discount and freebies? Btw, we will avail the dealer's backup cam (AVT brand), anything we shld watch out for/inspect? Saka pag nakuha na namin yung car unit, me checklist ba that i can refer para there is nothing missed out? Gano kaya katagal ang LTO registration ng dealer? Any tips are welcome. Salamat.

One more thing, sabi ng SA from toyota need ko na daw i finalize un sa bank within the week pra mka order na siya kase mahirap daw makakuha ng unit na gusto ko color (super white). Di ba pde siya kumuha from other dealership? Or pde ba mag order na siya while waiting for bank?

Were you the one who directly coordinated with the bank or did the SA do the coordination for you? Kung direct, then that is the best offer but if not then the SA most probably will get a commission from the bank which the bank will in turn consider in the computation of your interest. [I am guessing the latter]
Get a signed quotation from the dealer indicating all the details of the transaction including unit price, discounts, and freebies. Do not assume that an item will be a freebie if there is no signed agreement or offer. I personally was surprised that an EWD is not a basic frebiee (my fault since I assumed this since this was an unhaggled freebie in our first brand new purchase but not in the second).
Cannot advise you on the dealer's backup cam, no experience getting extra accessories from the casa since it most of the time shouts "expensive".
Regarding the checklist, you can find a lot of listings online. But as a guide, use the car brochure as your checklist.
LTO registration OR/CR is may take from 2 weeks to indefinite. Try searching the no plate no travel policy topic in this forum if you want to destroy your day. Hahah
Toyota SA normally wait for the PO (purchase order) from the bank before they order the unit, I believe your SA is telling the truth. If that is the color that you really like, just be patient. Kulitin mo na lang in a gentle way, malay mo madaan sa lambing.

[shembot]

Yes sir. I went to the bank directly. Then approached several dealers separately. Tama ka nga, i better get a signed quotation. Re backup cam, i totally agree with you. Ang mahal kaso we dont want to void the warranty e.

Sir natawa naman ako dun sa if u want to ruin your day read the no travel policy forum thread. Pero sana nman nde ako maiyak sa pagkuha ng plate. Hehe..

One more thing sir, baka alam mo. The SA will give a vkool oem tint (full body) kaso 1 month warranty lang. Lam ko 5 yrs ang vkool warranty? Baka japeks? Me ganun kaya sa dealer?

Were you the one who directly coordinated with the bank or did the SA do the coordination for you? Kung direct, then that is the best offer but if not then the SA most probably will get a commission from the bank which the bank will in turn consider in the computation of your interest. [I am guessing the latter]
Get a signed quotation from the dealer indicating all the details of the transaction including unit price, discounts, and freebies. Do not assume that an item will be a freebie if there is no signed agreement or offer. I personally was surprised that an EWD is not a basic frebiee (my fault since I assumed this since this was an unhaggled freebie in our first brand new purchase but not in the second).
Cannot advise you on the dealer's backup cam, no experience getting extra accessories from the casa since it most of the time shouts "expensive".
Regarding the checklist, you can find a lot of listings online. But as a guide, use the car brochure as your checklist.
LTO registration OR/CR is may take from 2 weeks to indefinite. Try searching the no plate no travel policy topic in this forum if you want to destroy your day. Hahah
Toyota SA normally wait for the PO (purchase order) from the bank before they order the unit, I believe your SA is telling the truth. If that is the color that you really like, just be patient. Kulitin mo na lang in a gentle way, malay mo madaan sa lambing.

[dos2]

Yes sir. I went to the bank directly. Then approached several dealers separately. Tama ka nga, i better get a signed quotation. Re backup cam, i totally agree with you. Ang mahal kaso we dont want to void the warranty e.

Sir natawa naman ako dun sa if u want to ruin your day read the no travel policy forum thread. Pero sana nman nde ako maiyak sa pagkuha ng plate. Hehe..

One more thing sir, baka alam mo. The SA will give a vkool oem tint (full body) kaso 1 month warranty lang. Lam ko 5 yrs ang vkool warranty? Baka japeks? Me ganun kaya sa dealer?

You be the judge. I personally got my plate after 5 1/2 months (Oct 2013 purchase and April 2014 plate release). An officemate still has no plate from his April 2014 bought Crosswind with no outlook from the casa. Good thing OR/CR was obtained after 3 weeks by my officemate. Hopefully your luck is a lot better than us.

Couldn't comment on your query regarding tint. For peace of mind as advised by other forumers, you may opt to have the free tint replaced by another freebie like a visor or cargo tray depending on your preference and just have your tint installed at reputable shops with the proper warranty. Personally I just got the free tint without noting the brand or warranty, will just have it replaced by a better tint if its effectivity or look is no longer acceptable.

[keto]

Not sure if I am plain lucky or I just got my math wrong, but based on my calculations my PA interest rate is only 4.6% for four years on inhouse financing? SRP is 712k and total cash out will be 843k.

[shembot]

^ nope sir. Clear sa SA na bank financing kami

[Syuryuken]

^ nope sir. Clear sa SA na bank financing kami

bank financing - ikaw mismo ang pupunta sa bangko para mag-ayos ng papeles/requirements inshort ikaw magpapa-approve sa bangko saka ka pupunta sa dealer.

inhouse financing : punta ka sa dealer ang SA ang mag-aayos ng mga papeles/requirements para pa-approve sa bangko.

hayan para maliwanagan ka sa inhouse financing.

- - - - - - - - - - - - - - - - - - - - - -

^ nope sir. Clear sa SA na bank financing kami

bank financing - ikaw mismo ang pupunta sa bangko para mag-ayos ng papeles/requirements inshort ikaw magpapa-approve sa bangko saka ka pupunta sa dealer.

inhouse financing : punta ka sa dealer ang SA ang mag-aayos ng mga papeles/requirements para pa-approve sa bangko.

hayan para maliwanagan ka sa inhouse financing.

[shembot]

Yes, aware naman ako sa part na yan
i went/deal with the banks and while waiting for the approval eh i approached several dealers para makakuha ng better discount and freebies (hopefully better nga). Yung ibang areas medyo malabo sa akin (mentioned above).

bank financing - ikaw mismo ang pupunta sa bangko para mag-ayos ng papeles/requirements inshort ikaw magpapa-approve sa bangko saka ka pupunta sa dealer.

inhouse financing : punta ka sa dealer ang SA ang mag-aayos ng mga papeles/requirements para pa-approve sa bangko.

hayan para maliwanagan ka sa inhouse financing.

[Syuryuken]

Yes, aware naman ako sa part na yan
i went/deal with the banks and while waiting for the approval eh i approached several dealers para makakuha ng better discount and freebies (hopefully better nga). Yung ibang areas medyo malabo sa akin (mentioned above).

ah ok. congrats sa new car bro pero kung ako sayo antay na lang ako ng bagong fort

nandedemonyo lang hehehe

- - - - - - - - - - - - - - - - - - - - - -

Yes, aware naman ako sa part na yan
i went/deal with the banks and while waiting for the approval eh i approached several dealers para makakuha ng better discount and freebies (hopefully better nga). Yung ibang areas medyo malabo sa akin (mentioned above).

ah ok. congrats sa new car bro pero kung ako sayo antay na lang ako ng bagong fort

nandedemonyo lang hehehe

[Servus]

bank financing - ikaw mismo ang pupunta sa bangko para mag-ayos ng papeles/requirements inshort ikaw magpapa-approve sa bangko saka ka pupunta sa dealer.

inhouse financing : punta ka sa dealer ang SA ang mag-aayos ng mga papeles/requirements para pa-approve sa bangko.

hayan para maliwanagan ka sa inhouse financing.

naglevel-up na ang bank financing nowadays lalo na kung may bank account ka sa kanila. naapproved ako sa BPI without leaving home. all i need to do is email them. i just called or texted them when i need to clarify something immediately. in fact even sa signing ng docs they are willing to go to your place to bring the docs needed to be filled up and signed. then later they will mail you the notarized docs.

- - - - - - - - - - - - - - - - - - - - - -

bank financing - ikaw mismo ang pupunta sa bangko para mag-ayos ng papeles/requirements inshort ikaw magpapa-approve sa bangko saka ka pupunta sa dealer.

inhouse financing : punta ka sa dealer ang SA ang mag-aayos ng mga papeles/requirements para pa-approve sa bangko.

hayan para maliwanagan ka sa inhouse financing.

naglevel-up na ang bank financing nowadays lalo na kung may bank account ka sa kanila. naapproved ako sa BPI without leaving home. all i need to do is email them. i just called or texted them when i need to clarify something immediately. in fact even sa signing ng docs they are willing to go to your place to bring the docs needed to be filled up and signed. then later they will mail you the notarized docs.