Is This A Good Deal?

[Xeds25]

Hi everyone, I'm new here and I'm first-time car owner. Just wanted to know if I got a good deal and what other things I need to be cognizant of since I'm buying a 2nd-hard car.

- Car was owned by a relative of friend who is going to the US. It is a Mazda 3 S Black 2009. Less than a year old
- I paid 120K and I'll continue the monthly ammortization of about 16K for a little over 4 years.

Haven't seen the car yet as my friend who is a car-owner is taking care of all the paperworks. He assured me that the car is in good condition, and low mileage.

Here are my questions:

- Have I gotten a good deal?
- What other documents do I need to get from him apart from the Deed of Sale?
- Are there any manuals/kits/package documentation that I need to get from him as well?

Any help would be appreciated.

Thanks,
Xeds

[niky]

1.6 car? How much did he pay down on it? Should at least subtract 100k from the down. One year old or not, that's still a used car.

[renzo_d10]

AFAIK.

You could get a BRAND new vehicle from the price you've paid.

Mazda offers low dp for budgeted buyers.

[dale323]

Hi everyone, I'm new here and I'm first-time car owner. Just wanted to know if I got a good deal and what other things I need to be cognizant of since I'm buying a 2nd-hard car.

- Car was owned by a relative of friend who is going to the US. It is a Mazda 3 S Black 2009. Less than a year old
- I paid 120K and I'll continue the monthly ammortization of about 16K for a little over 4 years.

Haven't seen the car yet as my friend who is a car-owner is taking care of all the paperworks. He assured me that the car is in good condition, and low mileage.

Here are my questions:



- Have I gotten a good deal?
- What other documents do I need to get from him apart from the Deed of Sale?
- Are there any manuals/kits/package documentation that I need to get from him as well?

Any help would be appreciated.

Thanks,
Xeds

Sorry but that's a bad deal. 120k plus (16 * 48) = 888k, that's the value of a brand new mazda3. Fine, that comes with the bank interest but still, you could have bought yourself a brand new car with the same grade.

[renzo_d10]

Pwede ka pa bang magback-out ? If yes, magback out ka ASAP then, get a BRAND NEW vehicle. Altis 1.6G or Honda Civic 1.8V kaya ng budget mo.

[azzkkr2600]

bad deal sir! consider getting pickup truck or suv instead.

[Gen. Miting]

grabe luge ka! di ka ba nag-compute

[Xeds25]

He paid 150K

1.6 car? How much did he pay down on it? Should at least subtract 100k from the down. One year old or not, that's still a used car.

[Xeds25]

AFAIK.

You could get a BRAND new vehicle from the price you've paid.

Mazda offers low dp for budgeted buyers.

Thanks renzo. Yeah, tried getting from Mazda GH, they approved me for 30% down, not the 85k or 20%.

[Xeds25]

Thanks guys for the reply. Now I know. Sigh...

Actually, I tried to get a brand new 2010 mazda 3, but they approved me for 30% dp.

So, anong papers yung mga kelangan kong kunin sa kanya...