2013 Mitsubishi Mirage

[christerdom]

Mahal yung insurance at chattel.
Insurance 20k flat kaya, chattel mo pang 1M+ na car yan.

hmmm... good thing hindi ako nag-GO.. so go to a bank financing route na lang ang best siguro

[fourtheboys96]

Went to Jabez Motors here in Dasma, Cavite few weeks back (I didn't manage to beat the deadline for a 40k promo), the car looks great esp the features it offer for this car segment;

The computation as follows;

Unit Price = P 588,000
20% DP = 117,600
Amt for Finance = P 470,400

Insurance = P 23,441
LTO Reg = 8,336
Chattel Mort = 24,619

Less: Discount = P20,000

Total DP = P 153,996

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Monthly Payment
3 yrs = P17,092
4 yrs = P13,754
5 yrs = P11,931

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Approved na ako ng PSBank and BPI but having some second thought because of Ford Fiesta. Anyway, below are some of the photos I took;

Kasama na ba yung AON/AOG sa insurance na yan? Kung kasama, mukang ok na.

Mataas ang interest nito. 10% per annum. Yung sa amin ay 15% sa 3 years which more or less 5% per annum.

Mataas nga din chattel na dapat ay based sa loan amount. Sa loan namin na 400K, 14K lang ang chattel.

[jut703]

Kunin mo yung monthly amortization. Tapos multiply it kung ilang months yung term mo. Yung result subtract mo sa financed amount. Tapos yung difference divide mo sa amount financed mo. Paki korekbpo if mali. Di ako accountant eh. PT lang po ako.

Nope. You have to consider the Net Present Value of your series of payments. Your 12k payment next month is worth much more than your 12k payment on the 60th month.

18.5% annually is roughly correct, I got 17.9% assuming it's compounded monthly.

[glennba]

Kunin mo yung monthly amortization. Tapos multiply it kung ilang months yung term mo. Yung result subtract mo sa financed amount. Tapos yung difference divide mo sa amount financed mo. Paki korekbpo if mali. Di ako accountant eh. PT lang po ako.

Ganyan din yung method ko when comparing quotation from different banks. I actually compare yung amount instead of the percentage para mas magkaroon ako ng idea sa difference.

Anyway, tinry ko i-compute yung annual interest using auto loan calculator app, lumabas 19.993% annually for 5 years (based sa figures na binigay ni christerdom). For each monthly amortization, 7503.90 ang napupunta sa interest while 4427.10 naman yung nababawas sa principal.

[TopEngine]

Patanong naman naman po. Ito yung binigay na chattel sa akin ng BPI. Tama lang ba 'to?

GLS CVT, 3 years to pay.

20% DP, chattel = P12,621
30% DP, chattel = P11,839

[chewycandy]

Kasama na ba yung AON/AOG sa insurance na yan? Kung kasama, mukang ok na.

Mataas ang interest nito. 10% per annum. Yung sa amin ay 15% sa 3 years which more or less 5% per annum.

Mataas nga din chattel na dapat ay based sa loan amount. Sa loan namin na 400K, 14K lang ang chattel.

Try mo sa Metrobank, sila pinakamababa ngayon. Yung 5yrs ko is 25% and chattel for the 400k loan is 11k lang. Sa insurance, try asking sa Standard Insurance. Their quote for GLS AT is 20.3k lang with AON and 3yrs TPL na.

[glennba]

Patanong naman naman po. Ito yung binigay na chattel sa akin ng BPI. Tama lang ba 'to?

GLS CVT, 3 years to pay.

20% DP, chattel = P12,621
30% DP, chattel = P11,839

Sa Metrobank, 10790 chattel ko for 400k loan (around 37% dp bale) payable in 3 years, GLS CVT din unit ko.
Try mo magpaquote sa Metrobank, mas mura sa kanila.

[TopEngine]

Sa Metrobank, 10790 chattel ko for 400k loan (around 37% dp bale) payable in 3 years, GLS CVT din unit ko.
Try mo magpaquote sa Metrobank, mas mura sa kanila.

Metrobank na lang hindi nakapag-inquire wife ko. Approved na kami sa BPI pero pati interest rate mataas compared to other bank.

[christerdom]

boss sobrang taas naman nyan... Aking nga 140k dp included na lahat and 10k 60months to pay or 5 years sa GLS MT. mataas na nga rin ung sa akin eh. may iba pang mababa...

sir, me computation ba kayo dyan ng car dealer nyo? bank financing ba? pa post naman

[jinstan]

Kung wala pa kayo dealer refer ko kayo sa SA ko sa valle verde. He can give good offer in terms of freebies.