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.

[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...

[xander1925]

Sayang sir, Bnew na Lancer din sana yang budget mo...

[Silvyra]

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...

Check with Mazda Makati...look for Louie (tell him you were referred by Jonas). Good luck!

[dale323]

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...

1) OR/CR na dapat ittransfer to your name.
2) Insurance papers na dapat itransfer to your name also.
3) Car/Service/PMS manual para sa records.

siya na dapat magbayad ng lahat since lugi ka na.

[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.

[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

[chua_riwap]

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

P16k X 48 = P888k + P120k = P1.08M?

More than that pa kasi, sabi mo, P16k/mo for a little "OVER" 4 yrs........

One word.........LUGI.

[Horsepower]

Make up stories so you can back out. Lie blatantly, with a straight face. Just get your money back.

Tapos mazda pa, ang lakas kaya sa gas nyan. Sana Civic 1.8 na lang. Remember, there are no friends and relatives when it comes to money, lahat ng tao nagbabago ng anyo pag pera na ang usapan so always be on guard. I'm pretty sure tinubuan ka ng friend mo. He/she knows na lugi ka and yet ikaw ang nakitang willing victim.

[valvura]

the moral of the story: ask your friendly tsikoteers first before entering car deals....

[harrissuy]

* valvura tama ka jan brod, kaya nung bago ako bumili ng brand new car ko nagbasa muna ako dito sa tsikot, sa motioncars at sa bigbigcars para sigurado ako at walang pagsisisi sa huli!

[renzo_d10]

I agree with Horsepower. Maski relative mo yan, luging lugi ka. It may be late but still, try to back out, make fake excuses na kailangan mo ng pera etc. etc. and you cannot afford paying the 16k in OVER 4 years.