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Tsikoteer
- Join Date
- Apr 2007
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- 487
January 24th, 2013 05:59 PM #1Hi guys, I need your opinion on this.
I requested a quotation for a Lancer 1.6 EX MT, and this is what the SA gave me:
Tama bang sa DP ibawas yung discount? Dba dapat sa SRP ibabawas to (825k - 46k = 779k ).
I also asked the SA kung bakit P147,955.48 and initial cash outlay, instead of 187,555.48.
She answered "besides the 46k, may additional discount pang ~40k".
Sa DP ba talaga inaapply ang discount, not on the car's SRP?
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January 24th, 2013 10:14 PM #2
bro, discounts are supposed to be deducted from the SRP: correct!
pero sa mga in- house financing, that's not the way they do it.
bakit? dahil bababa ang loanable amount mo. hence, bababa rin
monthly amortization mo. bababa rin ang kita ng SA mo, hehehe.
just a little exercise:
LOANABLE AMOUNT = 660,000
MONTHLY = 16,256
TOTAL CASH OUT = 16,256 x 60 = 975,360
INTEREST PAID = 975,360 - 660,000 = 315,360
PERCENTAGE = 315,360 / 660,000 = 47.78%
% PER YEAR = 47.78 / 5 = 9.56%
9.56% per annum??? wow!!!
back off bro! go straight to your bank for a car loan.
your bank can give you better rates, say 6% or below. good luck!
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Tsikoteer
- Join Date
- Apr 2007
- Posts
- 487
January 24th, 2013 10:49 PM #3Thats what i thought. though, the discount being deductd frm the dp is not that big a deal naman pala. if it were applied sa srp, loanable amt ko is stil 623k. ang laki lng talaga ng monthly amort.
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Tsikoteer
- Join Date
- Mar 2008
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Tsikoteer
- Join Date
- Apr 2007
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- 487
January 24th, 2013 11:07 PM #5
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Tsikoteer
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- Mar 2008
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January 24th, 2013 11:41 PM #7
hindi ako makatulog dun sa P16,256 monthly...
kung thru bank yan baka hindi pa umabot sa P14,000 / mo.
isipin na lang gaano kalaking pera 'yon in 5 years time...
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Tsikoteer
- Join Date
- Apr 2007
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- 487
January 25th, 2013 12:34 AM #8
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Tsikoteer
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Verified Tsikot Member
- Join Date
- Aug 2009
- Posts
- 181
January 25th, 2013 08:45 AM #10Kung bank PO kaya ibibigay din yung discount na 46k?
and parang ang mahal nga nung LTO & Chattel...
Be careful with channels like "China Observer" on YouTube. There is a clear bias in their posts and...
Xiaomi E-Car