2012 Ford Ranger

[JX290]

Magkano ang nagastos sa 20 thousand kilometers PMS nyo? yung fuel filter kasama bang palitan? mag due na kasi sa akin. Thanks.

[WenG2]

I feel ya bro, I reserved sa Ford Alabang uhm wala siya D.I but it was way back last year October and still in the waiting list though this isn't an issue for me because this is will be second Ranger 3.2WT. I got mine last year and waited for 3 days after my inquiry however I paid some incentives. I gone to 5 dealers ayaw nila nang cash talaga.

ako walang D.I. dahil di ako pumayag na idagdag sa loaned amount ko. i got a 10% interest for a 24-month loan form eastwest bank. when i inquired the interest earlier, the bank told me that if i pay 1 month advance, they can lower the interest below 10%. but after refusing to pay the D.I. di na nila binigay ang 1 month advance payment package dahil di daw nila kaya bumaba ng 10%. so i guess the bank paid a little D.I. to the dealership.

what should be the competitive interest rates now? for our reference
12 months - ?
24 months - 10% (the lowest in my place)
36 months - ?
60 months - ?

[Cyferion]

I feel ya bro, I reserved sa Ford Alabang uhm wala siya D.I but it was way back last year October and still in the waiting list though this isn't an issue for me because this is will be second Ranger 3.2WT. I got mine last year and waited for 3 days after my inquiry however I paid some incentives. I gone to 5 dealers ayaw nila nang cash talaga.

Your second 3.2WT? Woah! It's that good? ;)

Hay.. Til now the supply is so bad. Can't we write a formal complaint to Ford Philippines or Asia about this D.I.???

[Jadee]

Your second 3.2WT? Woah! It's that good? ;)

Hay.. Til now the supply is so bad. Can't we write a formal complaint to Ford Philippines or Asia about this D.I.???

Yeah it's pretty terrible. My S.A on Alabang told me to buy another product nalang instead of ranger because you know cash (kasi so it's hard to get kasi konti lang tubo nila) and gusto nila utang para mabilis daw makakuha which is 30-33ish% additional sa SRP in few years to pay(didn't inquire banks for their rates). I do personally need another truck and 3.2WT is great and I like it. However if wala parin reply SA ko this april I probably wait for the new hilux or strada, because I don't wanna pay an incentives again just to get another ranger.

ako walang D.I. dahil di ako pumayag na idagdag sa loaned amount ko. i got a 10% interest for a 24-month loan form eastwest bank. when i inquired the interest earlier, the bank told me that if i pay 1 month advance, they can lower the interest below 10%. but after refusing to pay the D.I. di na nila binigay ang 1 month advance payment package dahil di daw nila kaya bumaba ng 10%. so i guess the bank paid a little D.I. to the dealership.

what should be the competitive interest rates now? for our reference
12 months - ?
24 months - 10% (the lowest in my place)
36 months - ?
60 months - ?

I never tried loan, but the idea of getting bank load instead from the dealer is better I guess. They're quoting me around 2.1mil All-in for 3.2 which is insane.

[yebo]

Yeah it's pretty terrible. My S.A on Alabang told me to buy another product nalang instead of ranger because you know cash (kasi so it's hard to get kasi konti lang tubo nila) and gusto nila utang para mabilis daw makakuha which is 30-33ish% additional sa SRP in few years to pay(didn't inquire banks for their rates). I do personally need another truck and 3.2WT is great and I like it. However if wala parin reply SA ko this april I probably wait for the new hilux or strada, because I don't wanna pay an incentives again just to get another ranger.


I never tried loan, but the idea of getting bank load instead from the dealer is better I guess. They're quoting me around 2.1mil All-in for 3.2 which is insane.

Since you said you need another 3.2 but are willing to consider another product why not the mazda bt50 3.2? It is actually the PRACTICAL thing to do. I was in fact looking at purchasing the ranger 3.2 myself but when they quoted me a d.i. of 106k i said "fnck you ford!" and looked at the twin brother instead. I am very happy with it except for some minor item, which is the amber turn lens of the headlights, something that a projector retrofit can easily fix. You basically get the same truck albeit with the mazda badge. Yes some features are missing like backing up camera but that is also easily fixed.

[Lew_Alcindor]

ako walang D.I. dahil di ako pumayag na idagdag sa loaned amount ko. i got a 10% interest for a 24-month loan form eastwest bank. when i inquired the interest earlier, the bank told me that if i pay 1 month advance, they can lower the interest below 10%. but after refusing to pay the D.I. di na nila binigay ang 1 month advance payment package dahil di daw nila kaya bumaba ng 10%. so i guess the bank paid a little D.I. to the dealership.

what should be the competitive interest rates now? for our reference
12 months - ?
24 months - 10% (the lowest in my place)
36 months - ?
60 months - ?

Around 5% per year is the going rate imo. 1 yr=5%, 2yrs=10%, so on and so forth. Lower than that should be good deal. We got 15% rate for 36 months from bdo. One month advance.

Sent from my GT-N5100 using Tapatalk 2

[Art_87]

ako walang D.I. dahil di ako pumayag na idagdag sa loaned amount ko. i got a 10% interest for a 24-month loan form eastwest bank. when i inquired the interest earlier, the bank told me that if i pay 1 month advance, they can lower the interest below 10%. but after refusing to pay the D.I. di na nila binigay ang 1 month advance payment package dahil di daw nila kaya bumaba ng 10%. so i guess the bank paid a little D.I. to the dealership.

what should be the competitive interest rates now? for our reference
12 months - ?
24 months - 10% (the lowest in my place)
36 months - ?
60 months - ?

Sir yan quote ng bpi sa kin.
Pero lumalabas sa 39,911 amortization is 15% ang interest for 36 months.
correct me if I'm wrong.

regards,
art

[Jadee]

Since you said you need another 3.2 but are willing to consider another product why not the mazda bt50 3.2? It is actually the PRACTICAL thing to do. I was in fact looking at purchasing the ranger 3.2 myself but when they quoted me a d.i. of 106k i said "fnck you ford!" and looked at the twin brother instead. I am very happy with it except for some minor item, which is the amber turn lens of the headlights, something that a projector retrofit can easily fix. You basically get the same truck albeit with the mazda badge. Yes some features are missing like backing up camera but that is also easily fixed.

I haven't heard much about mazda trucks, seeing that they both have the same 3.2 engine will probably look into consideration soon. Oh if you said "fnck you ford!" for 106k D.I, I just asked my SA where I got mine at 75k(2014 model) last year and now It is increased to 155-170k I'm not sure what will you say but greedy right?

[scubaphil99]

for the one who got the mazda kudos to you. but the looks really is one of the things going for the ranger. i would rather go now for the chevy colorado with the power the same (200hp) and has more torque (500NM) than the 3.2 WT. it is a little less in terms of "macho" look than the ranger but imho way better than the mazda. it is cheaper too. that's where i am heading if the ford dealers don't get their act together.

[scubaphil99]

Tama po yan.. try nyo po ang formula sa Excel
=PMT((9.43/12)%,36,1247200) labas po nyan is 39910.70.

Sir yan quote ng bpi sa kin.
Pero lumalabas sa 39,911 amortization is 15% ang interest for 36 months.
correct me if I'm wrong.

regards,
art

[WenG2]

Sir yan quote ng bpi sa kin.
Pero lumalabas sa 39,911 amortization is 15% ang interest for 36 months.
correct me if I'm wrong.

regards,
art

ewan ko paano ginamit ang 9.43% effective interest rate. pero your loan term is 36 months which has a current interest rate of 15%. so, your loaned amount of 1,247,200 x 1.15 = 1,434,280/36 months = 39,841.

mine was computed that way but 10% for a 24-month loan.

my other miscellaneous payments are:
Standard Insurance = 36,900 (i did not get east west in house as it was expensive)
Freight and handling = 40,000 (standard fee sa provincial sales "daw")
Chattel & LTO registration = 29,000 (paid to eastwest as they will have a 3rd party contractor to process them)

if the best 24-month interest rate is below 10%, the difference was probably given to the dealership as D.I. as eastwest bank no longer gave me a 1-month advance deal.

all bank loans have a special interest rate if you pay one month advance. but if you think of it again, your loaned amount will be less than what was already computed because your one month advance payment can be considered as part of your downpayment.

[WenG2]

Around 5% per year is the going rate imo. 1 yr=5%, 2yrs=10%, so on and so forth. Lower than that should be good deal. We got 15% rate for 36 months from bdo. One month advance.

Sent from my GT-N5100 using Tapatalk 2

you should have slightly less than 15% if paying one month advance. BDO in my place can't give me 10% for a 24 month loan. only psbank and eastwest compete each other. chinabank a tiny bit higher but metrobank has the most higher interest rate according to my inquiry.

[WenG2]

I never tried loan, but the idea of getting bank load instead from the dealer is better I guess. They're quoting me around 2.1mil All-in for 3.2 which is insane.

i had acquired 3 vehicles already through bank loans and never did i dealt with people from the dealership about loans. i course this matter to the bank first asking their interest rate and when i close a deal i then find a dealer who can deliver the unit quicker.

this time i was so lucky coz there was a white 2.2 WT at the local dealership which nobody queued up. so, no waiting time for the unit but only waiting to complete my documents to the bank which took me 3 working days only.

you may try a 12-month or if there's a 6-month loan maybe the interest rate is lower than the D.I the casa is asking.

[Art_87]

Tama po yan.. try nyo po ang formula sa Excel
=PMT((9.43/12)%,36,1247200) labas po nyan is 39910.70.

Eto explanation sa kin. Lalo ko nalito! lol..


Good day!

9.43 is the effective interest rate: It is the interest rate earned in an existing obligation for 1 year with the effect of compounding
Your add on rate is 14.37 which is the total interest for the wholw term.


Thank you


the EIR is the Effective Interest Rate per annum of the Loan Amount

The Effective Interest Rate is divided by 12mos. only, instead of what we usually do with the Add-On Rate which is divided by term of the loan. To have a better understanding, you can use the amortization schedule as example for computation. Interest portion of the amortization is basically Outstanding Balance multiplied by the monthly interest rate. A simple example is like your credit card which charges you 3% interest per month, that actually translates to an Effective Interest Rate of 36% per annum.

just a note why for a 12mos & 18mos loan term the EIR is relatively higher compared to the AOR, The Effective Interest Rate will only be exactly the same as the Add-On Rate in one condition. That is when a loan is payable after a year with a set-up wherein the Principal amount & Interest is paid at the end of the term only, meaning it is not amortized monthly, but rather a one time payment only.

Example, an investment giving you , say 12% at the end of the term. For a 1 million deposit, you will be entitled to an interest of 120k at the end of the year. Thus, you EFFECTIVELY earn 12%, unlike in an amortized loan, the Effective Interest Rate is doubled because the expected monthly collection of the bank is being lent out for of course income.

[scubaphil99]

eto po explanation:
How to Compute Monthly Amortization | eHow

Eto explanation sa kin. Lalo ko nalito! lol..


Good day!

9.43 is the effective interest rate: It is the interest rate earned in an existing obligation for 1 year with the effect of compounding
Your add on rate is 14.37 which is the total interest for the wholw term.


Thank you


the EIR is the Effective Interest Rate per annum of the Loan Amount

The Effective Interest Rate is divided by 12mos. only, instead of what we usually do with the Add-On Rate which is divided by term of the loan. To have a better understanding, you can use the amortization schedule as example for computation. Interest portion of the amortization is basically Outstanding Balance multiplied by the monthly interest rate. A simple example is like your credit card which charges you 3% interest per month, that actually translates to an Effective Interest Rate of 36% per annum.

just a note why for a 12mos & 18mos loan term the EIR is relatively higher compared to the AOR, The Effective Interest Rate will only be exactly the same as the Add-On Rate in one condition. That is when a loan is payable after a year with a set-up wherein the Principal amount & Interest is paid at the end of the term only, meaning it is not amortized monthly, but rather a one time payment only.

Example, an investment giving you , say 12% at the end of the term. For a 1 million deposit, you will be entitled to an interest of 120k at the end of the year. Thus, you EFFECTIVELY earn 12%, unlike in an amortized loan, the Effective Interest Rate is doubled because the expected monthly collection of the bank is being lent out for of course income.

[zamoco_08]

Eto explanation sa kin. Lalo ko nalito! lol..


Good day!

9.43 is the effective interest rate: It is the interest rate earned in an existing obligation for 1 year with the effect of compounding
Your add on rate is 14.37 which is the total interest for the wholw term.


Thank you


the EIR is the Effective Interest Rate per annum of the Loan Amount

The Effective Interest Rate is divided by 12mos. only, instead of what we usually do with the Add-On Rate which is divided by term of the loan. To have a better understanding, you can use the amortization schedule as example for computation. Interest portion of the amortization is basically Outstanding Balance multiplied by the monthly interest rate. A simple example is like your credit card which charges you 3% interest per month, that actually translates to an Effective Interest Rate of 36% per annum.

just a note why for a 12mos & 18mos loan term the EIR is relatively higher compared to the AOR, The Effective Interest Rate will only be exactly the same as the Add-On Rate in one condition. That is when a loan is payable after a year with a set-up wherein the Principal amount & Interest is paid at the end of the term only, meaning it is not amortized monthly, but rather a one time payment only.

Example, an investment giving you , say 12% at the end of the term. For a 1 million deposit, you will be entitled to an interest of 120k at the end of the year. Thus, you EFFECTIVELY earn 12%, unlike in an amortized loan, the Effective Interest Rate is doubled because the expected monthly collection of the bank is being lent out for of course income.

Very well said.... Pro nakaka NOSE BLEED lol! Cash na Lang para madali usapan sir :-)

[Art_87]

Very well said.... Pro nakaka NOSE BLEED lol! Cash na Lang para madali usapan sir :-)

haha, walang pang cash sir.. lol

[Art_87]

eto po explanation:
How to Compute Monthly Amortization | eHow

salamat sir, I'm thinking to make 30% Down Payment, if ever..

[scubaphil99]

hehe.. problema sir tindi ng racket ng mga dealer pag cash, bayad ka pa ng dealer's incentive.

Very well said.... Pro nakaka NOSE BLEED lol! Cash na Lang para madali usapan sir :-)

[Art_87]

Mga sir, Noob lang. Anong size and brand nitong mags na to TIA!