Toyota lease to own or easy to own plan

[sage99]

Hi, i'm currently considering the lease to own plan of toyota, however, i'm not sure if there's a catch after i completed the 2 years payment, concern here is transferring of the title to my name, aside from the 4k LTO fee, is there other hidden charges?

thanks.

[tidus1203]

The only advantage of lease to own is you avoid paying chattel mortgage...

[mark_t]

The only advantage of lease to own is you avoid paying chattel mortgage...

And you can report it as operational expence.

[tidus1203]

Yeah if its a business pero for an individual walang advantage ang pag report as operational expense...

[likot]

Nagbayad na lang kami ng chattel ayaw namin ng hassle na ganito. After mo bayaran yung kotse kaw ang maglalakad ng papers kasi sa Toyota nakapangalan yan. Kapag naman sayo nakapangalan after mo magbayad sa renewal sabay mo na lang pa cancel ng chattel mortgage isang abala lang

[sage99]

thanks Guys, 25k kc ung chattel kaya nagdadalawang isip ako to pay for it...while s paglalakad daw ng papers s LTO is 4k, any other benefits of paying the chattel aside from the OR is under your name and hindi TFS/<your name>?

[ghosthunter]

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[jimnyeatworld]

how much ang least to own 2 years pag avanza? meron ba 3 years, so parang ganun na nga lang rent na lang ako ng car then bago ulit after 3 years. btw, pano ang maintenance nito, kanila muna?

[tidus1203]

*JEW

Hindi ito US style lease a car. Its LEASE-TO-OWN. So in essence lease pero eventually you will own it. In conecpt pareho lang ito sa traditional loan just made as a LEASE so legally it is immune to chattel mortgage fees and can be treated as an expense in terms of accounting...

Sa US na LEASE. Yun talaga RENT. You sign a contract to rent a car for X number of years with a certain maximum mileage allowed. If you surpass the mileage allowed you pay a fine. You pay for its maintenance too. After X years is done you return it. So mga taong mabilis masawa sa kotse, LEASING is their choice. Pero mas mahal ang monthly payments ng LEASE kaysa sa monthly mortgage ng LOAN.

And LEASE will never work in our backwater car market... Cause LEASE vehicles in the US are normally sold as 2nd hand. Given how large and liquid the car market in the US is its easily to dispose a LEASED car and get a reasonable money back. Dito GOOD LUCK!

[sage99]

*ghosthunter, apologized for the offense, being used to other local forum's way of communication.

*JEW, they have 3 years, i think even up to 72 months.

Anyway, going back to the topic, i might opt to pay for the chattel mortgage as it's less hustle to transfer the title to my name.

[drpiper2004]

mawalang galang na po sa inyo !! i dont know if this is the right thread to ask a question like this pero anyways kanina pa ako naghahanap so here it is.its about these dealers , would they accept trade ins of say a vios with an altis and how would they go about this kung naka loan pa sa toyota financial services ung unit . Para lang kasi naliliitan sa vios and would like an altis instead . nagmamadali kasi nung binili at kailangan ng kotse . Many thanks and happy holidays to all.God bless !!

drpiper2004View Public ProfileFind all posts by drpiper2004

[samcoy]

Trade in yes they accept. Kung naka-loan pa yung car mo yun ang di ko sure kung pano i-handle ng Toyota yan. May ibang way sana like bayaran mo yung remaining balance then ibenta mo para pambayad sa bagong car. Siguro malaki pa sobra balance mo?

[drpiper2004]

naku malaki pa nga balance ko !!baka lang kako parang katulad sa states na pwede nila iaarange ang upgrade with the necessary fees . thanks bro. bagong bago pa ang unit gusto lang mag upgrade to a bigger car (vios to altis) toyota pa rin syempre. Baka kako may department sila na naghahandle ng ganyang cases . salamat sa reply bro

[samcoy]

You're welcome bro. Try mo din kausapin dealer or sales rep mo baka meron din dito nyang upgrade arrangement. There's no harm in trying. I asked this question din kasi sa Toyota dealer but my car loan is third party. Let's us know what happened.

[drpiper2004]

you are right pare !!I am thinking really . When i am fully decided i might do that .Thanks for all the inputs and a very happy new year to all !!!God bless

[raynardfl]

what makes this better? pros cons please?