The best selling cars in the Philippines (1995-2010)

[_Cathy_]

madali kasi kumuha ng car loan

Kailan ba sila naging lenient sa car loans?

Nung 90s kasi naalala ko majority cash purchases pa rin. May napuntahan ako lugar na very modest 1 car garage mga bahay pero multiple cars. Naging double parking eh nipis ng kalye, I had to reverse my way out of the street

[zap.FREEDOM]

tama, marami nga nag-cacash noon sa pag-purchase kasi nga low-price ang mga auto noon, less than a million ang price bihira yung halos mag-eexcess ng 1 million ang price. kaya siguro yakang-yaka i-cash, naala ko yung corolla at revo ng friend ko cash nabili yun.

[uls]

Kailan ba sila naging lenient sa car loans?

di mo ba napansin for the past years local financial institutions have been aggressive in pushing auto loans?

and casas have been offering affordable terms

di nakakapagtaka madami naka brand new cars ngayon

[zap.FREEDOM]

di mo ba napansin for the past years local financial institutions have been aggressive in pushing auto loans?

and casas have been offering affordable terms

di nakakapagtaka madami naka brand new cars ngayon

syempre nga naman kesa matulog ang puhunan ng mga automaker, maige nang ipatuang na lang yung unit para naman kahit papano may benta o may pera.

[zap.FREEDOM]

di mo ba napansin for the past years local financial institutions have been aggressive in pushing auto loans?

and casas have been offering affordable terms

di nakakapagtaka madami naka brand new cars ngayon

syempre nga naman kesa matulog ang puhunan ng mga automaker, maige nang ipatuang na lang yung unit para naman kahit papano may benta o may pera.

[tidus1203]

bumibili ng motor

hehe

Bottomline is our economy SUCKS! They buy motors cause that's all they can afford...

[uls]

syempre nga naman kesa matulog ang puhunan ng mga automaker, maige nang ipatuang na lang yung unit para naman kahit papano may benta o may pera.

it's coz banks are very liquid so they gotta lend out money

tons of money coming in from abroad (remittances) ... aside from bahay, ano binibili ng mga OFW para sa pamilya? sasakyan

[_Cathy_]

di mo ba napansin for the past years local financial institutions have been aggressive in pushing auto loans?

and casas have been offering affordable terms

di nakakapagtaka madami naka brand new cars ngayon

Yes I noticed but what I am wondering is why financial institutions have become lenient in granting loans. I remember in the 90s few people were granted credit cards. Now, even a minimum wage worker can be granted one. Why have they become so aggressive in retail banking?

tama, marami nga nag-cacash noon sa pag-purchase kasi nga low-price ang mga auto noon, less than a million ang price bihira yung halos mag-eexcess ng 1 million ang price. kaya siguro yakang-yaka i-cash, naala ko yung corolla at revo ng friend ko cash nabili yun.

You have to take into consideration inflation which reflects the true value of money. In the 90s, 500k+ could buy you a TOTL Corolla, now it's not even enough to buy you an entry level Vios. In other words 500k was a significant amount in the 90s.

[uls]

Yes I noticed but what I am wondering is why financial institutions have become lenient in granting loans. I remember in the 90s few people were granted credit cards. Now, even a minimum wage worker can be granted one. Why have they become so aggressive in retail banking?

banks got tons of liquidity. they gotta lend

and there's demand for consumer loans

pinoys are living like americans

[Starex_Gold]

pinoys are living like americans

O, dahan-dahan........