New and Used Car Talk Reviews Hot Cars Comparison Automotive Community

The Largest Car Forum in the Philippines



Page 1 of 2 12 LastLast
Results 1 to 10 of 12
  1. Join Date
    Apr 2007
    Posts
    487
    #1
    Hi 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?

  2. Join Date
    Sep 2007
    Posts
    1,868
    #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!

  3. Join Date
    Apr 2007
    Posts
    487
    #3
    Thats 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.

  4. Join Date
    Mar 2008
    Posts
    43,087
    #4
    15K for 3 years LTO registration? 5K a year? hindi ba mahal yan?

  5. Join Date
    Apr 2007
    Posts
    487
    #5
    Quote Originally Posted by dr. d View Post
    15K for 3 years LTO registration? 5K a year? hindi ba mahal yan?
    yes, i think so. pati un insurance and chattel. ill ask fo a quote frm other dealers n rin.

  6. Join Date
    Mar 2008
    Posts
    43,087
    #6
    e, kung cash mo na lang kaya..?

  7. Join Date
    Sep 2007
    Posts
    1,868
    #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...

  8. Join Date
    Apr 2007
    Posts
    487
    #8
    Quote Originally Posted by dr. d View Post
    e, kung cash mo na lang kaya..?
    ndi kaya cash e. saka sayang, mapapaikot k pa yung pera. will earn me more than the m.a.

  9. Join Date
    Apr 2007
    Posts
    487
    #9
    sir joemar, gta b yung ex mo?

  10. Join Date
    Aug 2009
    Posts
    181
    #10
    Kung bank PO kaya ibibigay din yung discount na 46k?
    and parang ang mahal nga nung LTO & Chattel...

Page 1 of 2 12 LastLast

Tags for this Thread

Price Quotation for Lancer 1.6 EX MT