Bank auto loan

[jncp9886]

Good am guys. First time getting a brand new car (ISUZU muX) thru bank financing. May binigay na quote ang dealer sa akin isuzu cagayan de oro at ng apply na kami sa bdo hinihintay nlng ang tawag from CI. Gaano po ba katagal ang bank approval? Mag 2days na since we applied. Any advice or tips po mabibigay. Thanks

[carwhacko]

Good am guys. First time getting a brand new car (ISUZU muX) thru bank financing. May binigay na quote ang dealer sa akin isuzu cagayan de oro at ng apply na kami sa bdo hinihintay nlng ang tawag from CI. Gaano po ba katagal ang bank approval? Mag 2days na since we applied. Any advice or tips po mabibigay. Thanks

Sakin I applied thru dealer rin ang unang nag approve si BDO umabot ng 5 days excluding weekends


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[jncp9886]

Update as of today. Tumawag na ang bank at approved na daw ung auto loan namin. Hinintay nlng ung unit kasi for shipping pa raw galing Manila.. took 3days for the whole process. Hindi na nga tumawag ang CI ng bank. Nagtaka kami pero approved na pala.

[carwhacko]

Update as of today. Tumawag na ang bank at approved na daw ung auto loan namin. Hinintay nlng ung unit kasi for shipping pa raw galing Manila.. took 3days for the whole process. Hindi na nga tumawag ang CI ng bank. Nagtaka kami pero approved na pala.

Congrats! How much was the deal from your bank?


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[jncp9886]

Around 26% pct bro for 5years. 50pct yung downpayment namin

[Jayr024]

Hello, can you please check my car if tingin nyo total loss? Umaandar pa sasakyan at napa abante pa siya nun inakyat sa towing truck. Nun isang gabi lang po kasi nang yare and wag naman sana i declare total loss. Pumutok na po dalawang airbag. Radiator okay pa and engine

155311423755 — imgbb.com
IMG-394 — imgbb.com

Thank you sa sasagot.

[aNthraxx]

Hello, can you please check my car if tingin nyo total loss? Umaandar pa sasakyan at napa abante pa siya nun inakyat sa towing truck. Nun isang gabi lang po kasi nang yare and wag naman sana i declare total loss. Pumutok na po dalawang airbag. Radiator okay pa and engine

155311423755 — imgbb.com
IMG-394 — imgbb.com

Thank you sa sasagot.

Im assuming you didnt post pictures of the rear as there is no damage? IMO based on the pics alone mukhang hindi naman. Check for alignment issues though of the body, baka sa lakas ng impact eh mis aligned na and there would be structural issues when repaired.

My understanding of total loss is if the repair is more expensive than the insured value they will declare it as a total loss.

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[sirkosero]

Hello, can you please check my car if tingin nyo total loss? Umaandar pa sasakyan at napa abante pa siya nun inakyat sa towing truck. Nun isang gabi lang po kasi nang yare and wag naman sana i declare total loss. Pumutok na po dalawang airbag. Radiator okay pa and engine

155311423755 — imgbb.com
IMG-394 — imgbb.com

Thank you sa sasagot.

Doesnt look like totalled. Pumutok ba airbags? If yes, malaki possibility ma total wreck sya sa insurance. If not, repair lang yan

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[ninjababez]

Doesnt look like totalled. Pumutok ba airbags? If yes, malaki possibility ma total wreck sya sa insurance. If not, repair lang yan

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according to his other post pumutok nga airbags. dyan kasi sa area na yan yun "trigger"
personally tanggapin ko nalang as total loss yan, malaki chances na di na ma align yan ng maayos kahit palitan pa parts.

[dr. d]

Hello, can you please check my car if tingin nyo total loss? Umaandar pa sasakyan at napa abante pa siya nun inakyat sa towing truck. Nun isang gabi lang po kasi nang yare and wag naman sana i declare total loss. Pumutok na po dalawang airbag. Radiator okay pa and engine

1553�11423755 — imgbb.com
IMG-394� — imgbb.com

Thank you sa sasagot.

based on the limited and bad pictures, it still looks fix-able.
the engine runs, the radiator doesn't leak (according to you).
the door and fender can be easily fixed or replaced. if the car still runs straight, it probably will not need chassis alignment.

[chris45]

Update as of today. Tumawag na ang bank at approved na daw ung auto loan namin. Hinintay nlng ung unit kasi for shipping pa raw galing Manila.. took 3days for the whole process. Hindi na nga tumawag ang CI ng bank. Nagtaka kami pero approved na pala.

iprocess ka agad pag na approve? wala na discussion o nag confirm ka na dn kaagad nung tumawag sila?

[Salzburg]

Nowadays you can apply online and you'll get a response in a few minutes, as I did on Lånemegleren (visit site). But I'm not talking about the Philippines, I'm talking about Norway, here the economy works way faster. How about the times when you need a fast loan? like for paying a fine. You'll have to wait for a few days too?

[Jepster]

Up...

How does the dealer provided discount work when applying for a bank auto loan?

Say, SRP is 1M and dealer is currently giving 100k discount. Do I go to the bank and tell them I'd like to apply for a 900k auto loan?

Also, is going to the bank the first step, or do I look for a dealership first?

[tarzegetakizerd]

Up...

How does the dealer provided discount work when applying for a bank auto loan?

Say, SRP is 1M and dealer is currently giving 100k discount. Do I go to the bank and tell them I'd like to apply for a 900k auto loan?

Also, is going to the bank the first step, or do I look for a dealership first?

Im not sure but some casa discounts only apply for in-house financing. try asking them

[yapoy86]

Up...

How does the dealer provided discount work when applying for a bank auto loan?

Say, SRP is 1M and dealer is currently giving 100k discount. Do I go to the bank and tell them I'd like to apply for a 900k auto loan?

Also, is going to the bank the first step, or do I look for a dealership first?

pag bank sir usually you need to make 20% downpayment.. then those discounts will be subtracted on the SRP.

the dealer will provide the "assessment" to which the bank will approve.

you need to check first if you will qualify for the bank loan.

sa "in-house" usually they offer that 0% downpayment scheme.. but if you compute, the interest rates are higher compared to bank with 20% dp

[Egan101]

Take into consideration the total cost of purchase. Use a spread sheet to compare. With in-house financing, you get bigger discounts plus free one year insurance, free LTO registration, and free chattel mortgage. With some banks, not all will be free.

Some dealers take away the discount on the DP thus lowering the acquisition cost.


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[misseksaherada]

Up...

How does the dealer provided discount work when applying for a bank auto loan?

Say, SRP is 1M and dealer is currently giving 100k discount. Do I go to the bank and tell them I'd like to apply for a 900k auto loan?

Also, is going to the bank the first step, or do I look for a dealership first?

From my experience:
Go to nearest dealer, ask SRP and ask for current discounts/promotions. Use this as basis.
Next, check different banks (kung sisipagin ka) ask for auto loan interest rate, current promotion packages (e.g. free chattel mortgage, free 1 yr insurance etc.). Ask for printed copy para mas madali balikan.
Some banks will suggest specific dealership. Gamitin mo yung info na nakuha mo sa first step. Minsan kasi on the spot makipag usap na sa phone makipag deal ka..
Then, review all your options (subjective pa din, depende sa buyer hindi naman lahat ng sagot nasa discount).
Balik ka ngayon sa unang dealer, makipag usap ka if yung discount sayo pwede pa ba dagdagan.. Mas pabor kung pagbigyan ka, lalo na mas malapit yung dealer.
Pero kung di ka pa din satisfied, hanap ka pa ng dealer.. Sa ibang city or province (same umbrella lang kapag same city or province, most likely same offer lang ibigay sayo).

Happy Shopping po Sir Jepster!!

[ray_noel]

Up...

How does the dealer provided discount work when applying for a bank auto loan?

Say, SRP is 1M and dealer is currently giving 100k discount. Do I go to the bank and tell them I'd like to apply for a 900k auto loan?

Also, is going to the bank the first step, or do I look for a dealership first?

Madami kasi gimik ngayon sa mga casa... lahat ng sinabi nila can be possible...

sa case ko naman...

terra nag 100k discount sila so yung qoutation na hiningi ko sa bank is base dun sa 100k discount ng casa... then dun sila nag base ng computation for dp and amortization....


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[ice15]

From my experience:
Go to nearest dealer, ask SRP and ask for current discounts/promotions. Use this as basis.
Next, check different banks (kung sisipagin ka) ask for auto loan interest rate, current promotion packages (e.g. free chattel mortgage, free 1 yr insurance etc.). Ask for printed copy para mas madali balikan.
Some banks will suggest specific dealership. Gamitin mo yung info na nakuha mo sa first step. Minsan kasi on the spot makipag usap na sa phone makipag deal ka..
Then, review all your options (subjective pa din, depende sa buyer hindi naman lahat ng sagot nasa discount).
Balik ka ngayon sa unang dealer, makipag usap ka if yung discount sayo pwede pa ba dagdagan.. Mas pabor kung pagbigyan ka, lalo na mas malapit yung dealer.
Pero kung di ka pa din satisfied, hanap ka pa ng dealer.. Sa ibang city or province (same umbrella lang kapag same city or province, most likely same offer lang ibigay sayo).

Happy Shopping po Sir Jepster!!

sa akin simple lang...

go to dealership and ask for their calculation + freebies + possible release of unit -> pinapasulat ko sa paper ng maayos

photocopy ng paper...

then go to my bank, bigay kay Ms. customer service yung paper and ask kung mas maayos offer nila

[misseksaherada]

sa akin simple lang...

go to dealership and ask for their calculation + freebies + possible release of unit -> pinapasulat ko sa paper ng maayos

photocopy ng paper...

then go to my bank, bigay kay Ms. customer service yung paper and ask kung mas maayos offer nila

Oo nga mas madali ito... [emoji17] Late na kasi ako naka join sa Tsikot.. Tapos na lahat nung nag join ako.. Kaya sariling sikap lang, trial and error ginawa ko..
Ang pabor lang sakin, malapit lang iba't ibang banks sa office ko kaya pwede ko isa isahin kada breaktime. Na-enjoy ko naman yung experience.. Competitive pala banks sa Loan.. Ang akala ko kasi basta utang ayaw ng bangko.. Mali pala akala ko.. [emoji28]