2016 Toyota Innova

[tidus1203]

Sabi ng SA same lang sa mortgage. Hindi sya lease like sa US na may option ka na isoli after ng lease. Lahat daw ng low down payment is lease. Nakalagay lang sa or/cr Toyota Phils leased to NAME. Unlike sa mortgage name
mo agad. Hindi daw pwede ipang uber or grab pag lease. Same monthly lang sa down lang talaga. Yung kausap ko naman Ahente hindi naman ako low down (20%) pero lease daw pag gusto ko daw mortgage may additional pa ako sa down.


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Ah ok ok. E di ayos yan baka mas mahal lang sa huli ng konti kasi need pa transfer yung name ng ORCR sayo from Toyota so baka mas mahal charge ng LTO sa change ownership vs unencumbering the ORCR lang on a mortgage? Atsaka you avoid the chattel fee kasi technically its not a mortgage.

[Walter]

if city driving ka lang ok lang wala undercoat pero kung sa province ka or maputik sa mga dinadaanan mo better to have one.

this is old thinking ... like shaking your car when filling up with fuel ... or revving the engine before turning it off ... rust proofing is NOT necessary ... most vehicles have decent rust proofing already from the factory ... better to spend your money on something else ...

[Walter]

Mga sir question about sa loan. TFS kasi yung iaaply ko sana kasi sobrang same lang sa mga bank loan. Kilala ko kasi yung SA kaya nilakad nya daw kung magkano bank loan na makuha tatapatan na lang nila. Tinanong ko kung bket walang mortgage fee, leasing daw ang ginawa nya. Ano pinagkaiba nun sa mortgage fee ng bank?

Do NOT get leasing ... the SA is out to make a lot of money from you ... bank rates are always lower than in-house rates ... better be very clear and read the fine print ... AVOID leasing ...

[Walter]

Sabi ng SA same lang sa mortgage. Hindi sya lease like sa US na may option ka na isoli after ng lease. Lahat daw ng low down payment is lease. Nakalagay lang sa or/cr Toyota Phils leased to NAME. Unlike sa mortgage name
mo agad. Hindi daw pwede ipang uber or grab pag lease. Same monthly lang sa down lang talaga. Yung kausap ko naman Ahente hindi naman ako low down (20%) pero lease daw pag gusto ko daw mortgage may additional pa ako sa down.

No no no no no ... there is a reason why they call it leasing ... if it's just a loan then they'll call it a loan ... be very careful when signing ... read the fine print ...

[uls]

No no no no no ... there is a reason why they call it leasing ... if it's just a loan then they'll call it a loan ... be very careful when signing ... read the fine print ...

diba leasing you never own the car

you're renting the car long term

what you're paying for is basically depreciation

there's a maximum mileage when you return the car kaya di pwede i-uber

pag lumampas ka sa max mileage you have to pay extra

[tidus1203]

diba leasing you never own the car

you're renting the car long term

what you're paying for is basically depreciation

there's a maximum mileage when you return the car kaya di pwede i-uber

pag lumampas ka sa max mileage you have to pay extra

Ganun yung US definition of leasing pero I know TFS has been playing around with "leasing" kuno pero in the end you own it na din after all the balance has been paid. Parang something to do with the ORCR being under their name thus avoiding the chattel mortgage fee. Sa mortgage kasi the ORCR is under your name na pero nakalagay encumbered. Tapos at the end of the lease ililipat na ORCR ata sa name mo sa lease while sa mortgage gagawin lang unencumbered na. Pero si TFS lang nag offer ng ganito among car companies here. Parang financial engineering.

What I will be more concerned about is the monthly payments. How it stacks up with a typical mortgage.

Pero yeah read carefully all the fine print before signing anything.

[dr. d]

call it what they may.
but as tidus above says, read very carefully the contract, po.
"pag hindi nakasulat sa contract, ay hindi siya mangyayari."
magkano? you have but to ask them for a quote.
and also, peruse what rights and privileges you may or may not enjoy. you know... maintenance, insurance, theft, etc.

[uls]

Ganun yung US definition of leasing pero I know TFS has been playing around with "leasing" kuno pero in the end you own it na din after all the balance has been paid. Parang something to do with the ORCR being under their name thus avoiding the chattel mortgage fee. Sa mortgage kasi the ORCR is under your name na pero nakalagay encumbered. Tapos at the end of the lease ililipat na ORCR ata sa name mo sa lease while sa mortgage gagawin lang unencumbered na. Pero si TFS lang nag offer ng ganito among car companies here. Parang financial engineering.

What I will be more concerned about is the monthly payments. How it stacks up with a typical mortgage.

Pero yeah read carefully all the fine print before signing anything.

i see

ok

parang rent-to-own

[tidus1203]

i see

ok

parang rent-to-own

Nakikita ko lang advantage dito the elimination of the chattel mortgage fee. Kasi legally "lease"daw. Pero pinaka importante the buyer has to compare the total monthly payments vs a standard mortgage to determine if ok ba.

[dr. d]

i have heard of this.
at the end of the contract, the bank will sell the car to the "buyer" for one peso.
is lt legal? they should know.

but yes, you should do some very serious numbers-crunching, to see if you're ahead.

[JMS12]

this is old thinking ... like shaking your car when filling up with fuel ... or revving the engine before turning it off ... rust proofing is NOT necessary ... most vehicles have decent rust proofing already from the factory ... better to spend your money on something else ...

for you not necessary but i do it to all of my cars. Until now i dont have problems with rust. Some car owner pay for additional accessories to their car because they like it and for me i dont mind additional cash out for undercoating [emoji122] iam not old for that thinking maybe you [emoji12]

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[JJB]

for you not necessary but i do it to all of my cars. Until now i dont have problems with rust. Some car owner pay for additional accessories to their car because they like it and for me i dont mind additional cash out for undercoating [emoji122] iam not old for that thinking maybe you [emoji12]

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Kung parating naka-RORO or malapit sa dagat, kelangan mo ipa undercoat for rust protection kasi kakainin ng salt ang metal.
May kilala ako na once a week mag-RORO from batangas to mindoro at grabe ang rust sa accent nya kaya naka rustproof buong car nya



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[tidus1203]

i have heard of this.
at the end of the contract, the bank will sell the car to the "buyer" for one peso.
is lt legal? they should know.

but yes, you should do some very serious numbers-crunching, to see if you're ahead.

Oo legal naman yun. Why cant they sell it you for P1? Iwas chattel mortgage lang yan e. Kaya good financial engineering and legal engineering by TFS...

[mokong22]

Hi guys. 7 months na innova g ko and so far all praises ako sa innova natin an sarap dalhin, tama lang ang haba at lapad. Ang di ko lang nagustuhan sa new innova natin ay ang audio speakers nya. Am pangit ng tunog parang lata.

My question is may naka pag upgrade na ba ng speakers dito? Musta naman kaya tunog after upgrades ng speakers? Thanks

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[Wh1stl3r]

I suspect most, if not all dealerships' "in house financing" isn't in house at all. They simply arrange the loan for you with their partner bank of choice. They tack on several % of interest on top of the bank's rate and then present it as their in house car loan.

I accidentally saw some in house loan documents before. If they were really in house, why were Chinabank and Metrobank in the loan documents?

The report that a lot of these dealerships are heavily financed also supports this theory. I don't think most of them have enough liquid assets to finance the cars themselves.

[babkalakal]

I suspect most, if not all dealerships' "in house financing" isn't in house at all. They simply arrange the loan for you with their partner bank of choice. They tack on several % of interest on top of the bank's rate and then present it as their in house car loan.

I accidentally saw some in house loan documents before. If they were really in house, why were Chinabank and Metrobank in the loan documents?

The report that a lot of these dealerships are heavily financed also supports this theory. I don't think most of them have enough liquid assets to finance the cars themselves.

Spot on! Exacto po.

[Walter]

Dealerships still use banks for in-house financing ... even with insurance ... they add on their profit margin and pass it on to the customer ... easy profit ...

[Walter]

All of our vehicles were never rust proofed ... none of them encountered problems with rust even if they were a decade old or more ...

A friend has a fleet of pickups that travel between islands regularly (Luzon to Visayas to Mindanao) ... some every week, others twice a month ... they are used to go to farm areas, muddy areas, rough roads, you name it ... some models are a decade old and have travelled 300T kms ... not one has any rust problems ...

Rust proofing is and was never necessary ... but hey, it's your money ...

[chanc]

I suspect most, if not all dealerships' "in house financing" isn't in house at all. They simply arrange the loan for you with their partner bank of choice. They tack on several % of interest on top of the bank's rate and then present it as their in house car loan.

I accidentally saw some in house loan documents before. If they were really in house, why were Chinabank and Metrobank in the loan documents?

The report that a lot of these dealerships are heavily financed also supports this theory. I don't think most of them have enough liquid assets to finance the cars themselves.

subcontracting, only this time, using their loan facility with banks. :D

[chanc]

is there any difference between the accessories (visor / mudguards) sold by dealerships and say other sellers (via olx / lazada / etc)? SA has been hounding me to get the visor and mudguards from them since according to them, 'iba daw quality'. i know they will charge an arm and a leg for that (almost x2.5 the price outside) but is the quality commensurate or are they just basically the same?