Chattel Mortgage

[wifi88]

Hello po,

Ask ko lang po kung san applicable itong Chattel Mortgage fee, sa bank financing lang ba? Gusto ko sana i-avail yung July promo ng toyota sa Vios 1.3E which is 50%DP + 0% interest for 12 mos (yung 50% remaining). Applicable ba yung Chattel Mortgage fee sa promo?

Also, mga magkano po yung LTO registration? At meron ba kayong ma-ssuggest na Insurance Company. Sa Pampanga area po pala ako.

Salamat po ulet.

[wifi88]

syanga pala, post dated checks ang form ng pagbabayad sa remaining 50% ng price. hinde rin po ako mag-lloan sa bank, so meron pa ba Chattel Mortgage fee dito? thanks po.

[tidus1203]

As long as you finance your car you have to pay chattel mortgage even if its the dealer who financed you. I guess you can call that a cost to borrowing money. The only way not to pay that is to buy the car outright in full.