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  1. Join Date
    Aug 2011
    Posts
    374
    #151
    Quote Originally Posted by zap.FREEDOM View Post
    ^agree on that, before you want to buy something, invest it first on business para umiikot yung pera, just what a financial expert said dun sa seminar na napuntahan ko noon, "you want to buy a brandnew car worth 800k, and you have this 800k on hand? what would you do? ibibili mo ba?" some of us sumagot oo ibibili ko na kasi may discount pag-cash, then as our discussion goes on pinaliwanag niya na, tiisin mo muna na wala kang kotse, invest it first on business, at yung perang papasok sa business yun na lang daw ang gamitin pambili well sabi niya wala namang masama sa financing may income ka na naman from you business e, now you can have that brandnew car" may kotse ka na business ka pa at tuloy-tuloy ang pasok ng pera.

    ang hirap kasi sa ilan natin kababayan, kapag tinanong mo na halimbawa "manalo ka ng isang milyon ano gagawin mo?" meron sasagot na "bibili ako ng kotse" ,"bibili ako ng bahay", "bibili ako ng ganito" wala man lang nakaisip na sumagot na "iinvest ko sa negosyo" nakakalungkot isiipin pero hindi talaga business oriented ang ilang nating kababayan.

    at hanga din ako sa boss uncle ko noon, who owns construction firm, My uncle asked his boss bakit ayaw pa daw niyang magpalit ng sasakyan like Fort or Monty(since 2001 1.8 Toyota REVO ang gamit niya) e kaya-kaya niya naman daw niya makabili dahil million peso contract ang mga nakukuha ng boss niya, well, bumili nga ng bago pero hyundai getz lang, then my uncle asked his boss again "sir, bakit city car lang binili niyo? you can afford naman a SUV a?" at ang sagot pa sa kanya "anong gagawin ko sa mga SUV na ganon?Ang laki-laki noon, kaming dalawa lang naman ng misis ko ang sasakay saka ok pa naman yung revo ko e" napaka-weird talaga ng tao yon, ewan ko ba kuripot lang siguro talaga.
    Kaya madaming Chinese dito

  2. Join Date
    Nov 2005
    Posts
    35,086
    #152
    Quote Originally Posted by CoDer View Post
    I have a uber rich Client...

    And her advice is never pay an expensive car in CASH. Kunin mo sya sa shortest possible term na kaya mo, then paikutin mo ang pera na pang cash mo sana.

    Ika nga nya... Baliw ka kung i cash mo yan, invest mo pang cash mo.
    she doesnt sound very liquid

    kung yung ina-allot mong cash na pambili ng car ay pwede din i-invest para mag generate ng cashflow pambayad sa installment sa car that means you don't have much capital

    people i know who buy cars in cash have businesses and investments generating so much cashflow making them so damn liquid that buying cars in cash has very little impact on their finances. a car purchase is not a big deal. they're using extra extra money. money generated by extra money

    kung nanghihinayang ka sa cash na pambili ng car, na sana ininvest mo nalang that means you don't have a lot of cash

    kung big deal sayo ang isang car purchase, you're not rich

  3. Join Date
    Nov 2005
    Posts
    35,086
    #153
    "you want to buy a brandnew car worth 800k, and you have this 800k on hand? what would you do? ibibili mo ba?" some of us sumagot oo ibibili ko na kasi may discount pag-cash, then as our discussion goes on pinaliwanag niya na, tiisin mo muna na wala kang kotse, invest it first on business, at yung perang papasok sa business yun na lang daw ang gamitin pambili well sabi niya wala namang masama sa financing may income ka na naman from you business e, now you can have that brandnew car" may kotse ka na business ka pa at tuloy-tuloy ang pasok ng pera.
    better is to re-invest the income generated by the 800K investment

    grow that 800K to 8M

    then buy a used car

  4. Join Date
    Oct 2002
    Posts
    34,171
    #154
    Quote Originally Posted by vinj


    I tried doing this before: I went to the Ford showroom to check out the Everest, then i applied for their in-house financing just to see how my credit standing would fare and i was surprised i got approved in spite of my entry level income at that time. Of course i did not take that loan. :P
    Ayaw maniwala ng mga tao pag sinasabi ko sobrang bilis makakuha ng car loan ngayon, generally pag na approved ka ng credit card approved ka na rin car loan

  5. Join Date
    Oct 2002
    Posts
    34,171
    #155
    Tingin ko Ang Isang hinde natuturo eh dapat mag save din for future investments. Savings specificallly for investments Kung meron biglang new opportunity.

  6. Join Date
    May 2004
    Posts
    3,221
    #156
    Quote Originally Posted by uls View Post
    she doesnt sound very liquid

    kung yung ina-allot mong cash na pambili ng car ay pwede din i-invest para mag generate ng cashflow pambayad sa installment sa car that means you don't have much capital

    people i know who buy cars in cash have businesses and investments generating so much cashflow making them so damn liquid that buying cars in cash has very little impact on their finances. a car purchase is not a big deal. they're using extra extra money. money generated by extra money

    kung nanghihinayang ka sa cash na pambili ng car, na sana ininvest mo nalang that means you don't have a lot of cash

    kung big deal sayo ang isang car purchase, you're not rich
    uls, minsan its not about liquidity but more on the "perceived financial status" ng tao. a brief example of this is the sister of my friend. they can buy a brand new crv but their accountant advised them to loan it. para daw di "malagkit ang tingin ng bir" sa kanila(you can read between the lines for sure).

    now regarding the one you discussed(very liquid one), minsan sila yung taong generation na ang yaman sa pinas kaya alam na alam na nila kung pano laruin ang "financial status" ng di mapansin ng mga buwitre sa BIR. pwede ring sa laki nila e nasa control na nila ang BIR(again read between the lines, heheheh).

  7. Join Date
    Oct 2002
    Posts
    34,171
    #157
    Yun iba kahit kaya nila cash nag loan pa rin to build up their credit standings. Especially yun mga anak, yes they can easily get the loan using their parent's name sa bank but iba pa rin Kung sarili mo. Example yun kinakapatid ko super yaman. Sales ng business nila gross ng couple of millions per day, but he recently got a loan from a bank worth 100M, he doesn't need it but he was building his credit standing, he's just my age 33. I get to know it since pareho kami ng bank and tsismis sa akin ng VP dahil alam niya magkakilala kami. Kaya mas grabe Ang tsismis Sa bank kesa Sa barber shop or parlor. Hehehe tambay ka lang Sa banko malalaliha ka na ng tsismis kung sino bankrupt hehehe

    Kung puro image ka lang, wala talagang means you can't hide it from the bank. Makipag kwentihan kayo sa manager or VP malalaman niyo kung sino puro porma Lang.

  8. Join Date
    Oct 2002
    Posts
    17,335
    #158
    Quote Originally Posted by shadow View Post
    Yun iba kahit kaya nila cash nag loan pa rin to build up their credit standings. Especially yun mga anak, yes they can easily get the loan using their parent's name sa bank but iba pa rin Kung sarili mo. Example yun kinakapatid ko super yaman. Sales ng business nila gross ng couple of millions per day, but he recently got a loan from a bank worth 100M, he doesn't need it but he was building his credit standing, he's just my age 33. I get to know it since pareho kami ng bank and tsismis sa akin ng VP dahil alam niya magkakilala kami. Kaya mas grabe Ang tsismis Sa bank kesa Sa barber shop or parlor. Hehehe tambay ka lang Sa banko malalaliha ka na ng tsismis kung sino bankrupt hehehe

    Kung puro image ka lang, wala talagang means you can't hide it from the bank. Makipag kwentihan kayo sa manager or VP malalaman niyo kung sino puro porma Lang.
    Mas matanda sa akin si Shadow...

    But yes, banking is one very good information pot. That's why some large conglomerates have their own banks; its not just to manage funds but it also serves as source of information that helps in making business decisions.

    And going back to the topic... banks don't discriminate people driving old cars or who look "poor". They usually are their best clients, those who look unassuming. When they lend money or grant loan lines to people (you're not talking about consumer loans to buy a house or car but loan facilities that go to the hundreds of millions), they would even be more discerning of the guy driving the flashiest cars, living the high life, etc. usually eto yung mga di nakakabayad ng utang later on.

  9. Join Date
    Nov 2009
    Posts
    2,937
    #159
    Quote Originally Posted by vinj View Post
    they would even be more discerning of the guy driving the flashiest cars, living the high life, etc. usually eto yung mga di nakakabayad ng utang later on.
    The first thing that came in to my mind: Willie Revillame. Haha. Just saying.

  10. Join Date
    Aug 2010
    Posts
    1,173
    #160
    Quote Originally Posted by shadow View Post
    Yun iba kahit kaya nila cash nag loan pa rin to build up their credit standings. Especially yun mga anak, yes they can easily get the loan using their parent's name sa bank but iba pa rin Kung sarili mo. Example yun kinakapatid ko super yaman. Sales ng business nila gross ng couple of millions per day, but he recently got a loan from a bank worth 100M, he doesn't need it but he was building his credit standing, he's just my age 33. I get to know it since pareho kami ng bank and tsismis sa akin ng VP dahil alam niya magkakilala kami. Kaya mas grabe Ang tsismis Sa bank kesa Sa barber shop or parlor. Hehehe tambay ka lang Sa banko malalaliha ka na ng tsismis kung sino bankrupt hehehe

    Kung puro image ka lang, wala talagang means you can't hide it from the bank. Makipag kwentihan kayo sa manager or VP malalaman niyo kung sino puro porma Lang.
    ah now I understand, yun pala ang dahilan, building credit standing, meron kasi akong kakilala na, I know she surely afford to buy a SUV in cash, pero bumili muna siya ng dalawang city as in sabay in the same year (if i'm not mistaken t'was Picanto on she got on March 2009 and she got antoher which is an Alto on december of the same year na pinanregalo niya dun sa relative niya) for installment basis 50% d/p and 3 years to pay remaining balance, at ngayon taon lang na ito natapos niya bayaran yun dalawang kotseng inutang niya, and then she told me inaalok daw ulit siya ng bank na baka gusto niya daw ulit mag-loan since wala siyang sablay sa pagbabayad nun dalawa car loan niya, at tinanong niya rin ako kung ano magandang pick-up truck na gamitin for a business, mukhang gusto niya ulit bumili ng isa pa auto. Now I got the strategy. ang dami talagang malalaman dito sa tsikot.com

Do people discriminate against old cars?