is this possible?

[born_lippy]

i have a question, is this possible?

1. do you know any auto loan who doesnt require 20% or 30% downpayment and just add it to the monthly installment?

2. any suggestion, what if we borrow personal or salary loan of 700,000 for cash payment of a car, then we just pay the monthly installment?

[jeDi13]

1. auto loans would require at least 20% DP. any lower than that would be a promo already.

2. i know a lot of people who are already doing that, so that's possible.

[_Qwerty_]

mas mataas ang interest rate nang personal loan kesa sa car loan.. iba kasi pag pera ang uutangin mo..

[tidus1203]

How about wag ka na lang muna bumili ng kotse. IMO even 20% is too low, if you can't put the money on the table you don't deserve the car. If you think you deserve it, prove it! Save up for that DP. Hell, save up to 50% DP, that would be better!

[dr. d]

consider also the possibility of buying a used car instead of a new car. that way, your "20% down" can very well be the complete purchase price of the vehicle. your planned monthly can be your expenses at "beautifying and restoring" the used car.

[francism171]

consider also the possibility of buying a used car instead of a new car. that way, your "20% down" can very well be the complete purchase price of the vehicle. your planned monthly can be your expenses at "beautifying and restoring" the used car.

Note that a used car loan has higher interest rates than brand new car loans. Especially if you plan to take a loan at longer terms (4-5years), super lugi ka pag mag used car ka. Uber high interest rates.

2nd hand na car mo, Higher interests pa babayaran mo. Where will you get the money to restore the car back to its brand new form? haha.

Just my 2 cents.

[born_lippy]

How about wag ka na lang muna bumili ng kotse. IMO even 20% is too low, if you can't put the money on the table you don't deserve the car. If you think you deserve it, prove it! Save up for that DP. Hell, save up to 50% DP, that would be better!

were just trying to come up with possibilities, checking other options. meron namang pang down. just asking tsikot professionals on options.