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.

[pitbullz]

super good deal na yan at honest price. mahal yun AT nyan nun unang lumabas.

[hunt648]

mahal nga yang unit na yan, just imagine nagamit na ng matagal tapos 140k pa ibebenta with balance pa!!! sa ngayon mura na lang ang Getz kaya not a wise decission na bibilhin mo yan, bili ka na lang ng bago wala kp problem sa papers. Or better consult the dealer sa papers at babayarang balance. good luck

[russpogi]

Update lang, the seller was able to sell the car for Php140k daw. Salamat sa mga inputs! Now, I need to look for another car for my friend. Pinagalitan ako last night kse di ko daw kinuha yung Getz!

[hunt648]

Bakit gusto niya ng second hand e konti na lang ang idadagdag niya bago na magagamit niya just imagine 300k mahigit pa babayaran niya plus 140k e ang bagong getz 680k yata un. KUng gusto niya kuha siya ng i10 or i20, i10 is abt 498k lang at ang i20 more than 1M. sa body halos pareho ng Getz pero mas matipid sa gas ang i10. Let your friend see the diff of Getz at i10, sabagay type ko dati Getz pero may i10 na e mas tipid sa gas, for city driving ok siya.?

[actor21]

Bakit gusto niya ng second hand e konti na lang ang idadagdag niya bago na magagamit niya just imagine 300k mahigit pa babayaran niya plus 140k e ang bagong getz 680k yata un. KUng gusto niya kuha siya ng i10 or i20, i10 is abt 498k lang at ang i20 more than 1M. sa body halos pareho ng Getz pero mas matipid sa gas ang i10. Let your friend see the diff of Getz at i10, sabagay type ko dati Getz pero may i10 na e mas tipid sa gas, for city driving ok siya.?

an i10 AT consumes 1 liter for 8 kilometers city driving...not very Fuel Efficient..

[Sarsi]

ayos! case closed

ibang auto naman ang target

[russpogi]

Bakit gusto niya ng second hand e konti na lang ang idadagdag niya bago na magagamit niya just imagine 300k mahigit pa babayaran niya plus 140k e ang bagong getz 680k yata un. KUng gusto niya kuha siya ng i10 or i20, i10 is abt 498k lang at ang i20 more than 1M. sa body halos pareho ng Getz pero mas matipid sa gas ang i10. Let your friend see the diff of Getz at i10, sabagay type ko dati Getz pero may i10 na e mas tipid sa gas, for city driving ok siya.?

Actually, the owner asked for Php140k, and the monthly installments is Php7.7k, total of Php294k lang for everything. If my friend gets a brand-new car, that already almost double the price for the cheapest and most decent available car compared to the Getz that is being sold to us. Besides, pang extra car lang naman to.

ayos! case closed
ibang auto naman ang target

Oo nga eh! Ngayon, hanap daw ule ako ng Getz or Matrix na CRDi!

[valskie01]

Actually, the owner asked for Php140k, and the monthly installments is Php7.7k, total of Php294k lang for everything. If my friend gets a brand-new car, that already almost double the price for the cheapest and most decent available car compared to the Getz that is being sold to us. Besides, pang extra car lang naman to.


Oo nga eh! Ngayon, hanap daw ule ako ng Getz or Matrix na CRDi!

sayang nga for me good deal na ito.