To Buy or Not? 2005 Getz, assume balance

[russpogi]

Here's the scenario:

A friend of mine is selling her 2005 Hyundai Getz GL 1.4l A/T, silver, all-stock for Php140k then assume balance of Php7735/month for 20 months more.

RFS: the owner is leaving next week for Canada.

Prospective Buyer: my best friend, who's currently abroad but will be back home in December. So, he wants me to decide for him if this is a good buy or not.

Car's condition: Ok lang. Well kept naman and has complete service records.

Problem: is this a good buy for my friend? How do I transfer the ownership from the seller to the buyer since hindi sila mag-aabot dito sa Pinas?

What do you think?

[a9828]

if you can have your friend guarantee the condition, i'd say buy it. minimal money out, and then spread to 20months pa the remainder - looks like a good deal to me.

as for the transfer, maybe just let the seller leave a signed deed of sale? dunno though how the remaining payments would be addressed.

[Gerbo]

Finance-wise good deal na rin. Of course, i assume the cars condition is excellent.
If you can ironed out the paper works in the deal....

[Innova_Boy]

total cash out is around 300K if all is added straight....

next question maybe kanu ba getz ngayun?? to compare it with 300k for this unit...

[Innova_Boy]

total cash out is around 300K if all is added straight....

next question maybe kanu ba getz ngayun?? to compare it with 300k for this unit...

[1D4LV]

294,700 total cash out, mukhang talo ng onti. considering after 2 years, the car has depreciated a lot.

dapat kasi nasa 250k ang range nyan.

[russpogi]

Thanks sa mga replies!

Actually, hindi ko kinuha. Tumawad ako ng Php100k cash out plus assume balance pero sabi ng seller, subukan nya daw ule yung relatives nya.

*vlad - yung nga boss eh! pero parang mabigat para sa kanyang bitawan yung unit at that price, much more dun sa tawad ko.