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  1. Join Date
    Jan 2006
    Posts
    365
    #1
    hello!

    I have a 3 yr old car, already paid in full, so no obligations whatsoever but just recently we are having some problems financially, and i need money at least Php 500k.

    ano po ba yung mga options?

    meron po bang ganito, ilapit ko sa dealer, parang trade-in, sabihin ko kailangan ko ng 500k, then kuha ako ng bagong unit? parang benta ko sa kanila pero kukuha ako ulit ng unit sa kanila or nananaginip ako ng gising

    kung may suggestions po kayo, pa share na lang

    thanks!

  2. Join Date
    Sep 2005
    Posts
    15,310
    #2
    mababa pag sa dealer.. babaratin yan pag trade in..

  3. Join Date
    Feb 2008
    Posts
    14,181
    #3
    Quote Originally Posted by seymorebutts View Post
    hello!

    I have a 3 yr old car, already paid in full, so no obligations whatsoever but just recently we are having some problems financially, and i need money at least Php 500k.

    ano po ba yung mga options?

    meron po bang ganito, ilapit ko sa dealer, parang trade-in, sabihin ko kailangan ko ng 500k, then kuha ako ng bagong unit? parang benta ko sa kanila pero kukuha ako ulit ng unit sa kanila or nananaginip ako ng gising

    kung may suggestions po kayo, pa share na lang

    thanks!
    Why not get a personal loan and use the car as a mortgage?

  4. Join Date
    Oct 2007
    Posts
    1,324
    #4
    Just sell the car while its value still holds.
    You can get another car at a later date when your circumstances
    are better.

    And the rates will be better if you get a new car than with a personal loan.
    Should you can't be without a car.

  5. Join Date
    Jan 2006
    Posts
    365
    #5
    Quote Originally Posted by tidus1203 View Post
    Why not get a personal loan and use the car as a mortgage?
    sir, any bank you know offering this? naghanap na ako nito kaya lang wala akong makita

  6. Join Date
    Feb 2010
    Posts
    336
    #6
    try inquiring at AMA Bank or worst at financing company like Asialink et.al. out there w/c charge somewhat higher interest rate i think...

  7. Join Date
    Nov 2003
    Posts
    183
    #7
    Sell your car then buy an older yet still reliable, properly maintained, and easy to maintain car. 200k swak na.

    I have a family of 4, and we only have 1 car, 1996 model pa. We use it as a daily driver & for family outings too. As long as properly maintained, no problem.

  8. Join Date
    Jan 2009
    Posts
    981
    #8
    You want to sell your car because you're in dire straits then you also want to buy a new car........ maybe you just want a new car ?

  9. Join Date
    Mar 2008
    Posts
    54,625
    #9
    sell your car. pay off your obligation. consider buying another, perhaps cheaper car, only when you are financially more stable. buying a used car is always a gamble, and you might end up oweing more money than before. you can buy a new car later, when you can really afford it.
    Last edited by dr. d; January 27th, 2011 at 06:42 PM.

  10. Join Date
    May 2009
    Posts
    170
    #10
    Quote Originally Posted by OldSchoolHack View Post
    You want to sell your car because you're in dire straits then you also want to buy a new car........ maybe you just want a new car ?
    i totally have the same impression...

    BTT: i am in the same dilemma myself...i believe it boils down to two choices, sell it yourself and wai for an indefinite time or trade it in hassle free but with lesser value for your car....

  11. Join Date
    Apr 2011
    Posts
    523
    #11
    Quote Originally Posted by _Qwerty_ View Post
    mababa pag sa dealer.. babaratin yan pag trade in..
    agree dito sir. grabe ka barat pag trade in. un iba ginagawa trade-in ang tawag pero kumukuha sila ng ga buy and sell people to assess and appraise your vehicle kaya sobrang baba ang nangyayari sa unit mo.

sell my car or........