Toyota Innova Owners & Discussions [continued 3]

[CVT]

Hi guys! im newbie here.. i just to ask and clarify something regarding the price/ inerest of the toyota innova that i got.. I got my 2013 innova G 2.5 diesel a/t last december 28, 2012.. i'm outside the country so my sister is the one made the transaction regarding the car.. at first the dealer told us that our dp will be 150,000 and the monthly amortization will be aroung 19000.. so i agree with that.. then he asked my sister that someone from the bank will call my other ( since the car will be name to my mother), and it was PSbank who called and approved us for the five-year loan and told us just to contact the dealer. so my sister called again the dealer and asked if how much will be our DP and monthly, he said the the same price 150K for the DP and arounf 19K for the monthly.. so the next day we decided to purchase the car since they have PROMO and it will only last till the end of december and went to TOYOTA DASMA to give the DP, we gave the 150K downpayment and toyota calculated again our month amortization.. in our surprise it was different!!! here it is:

price of the car: 1,165,000
20% DP: 150,000 ( supposed to be 233,000 but we were discounted by 83K)
monthly amortization for 60 months: 22, 904..
ALL-in (insurance, LTO reg and mortgage was included, also we have freebies like rust proofing, mat, tint, fuel, seat cover, cover for the car, labour services, etc)
the amount of the inerest for the 60 months that i computed was around 360K
I WOULD LIKE TO ASK IF IT IS TO MUCH OR MOST LIKELY THE INTEREST FOR THE 60 MONTHS PAYNET WILL COST LIKE THAT? HOPE YOU GUYS CAN ANSWER

20% of P1,165,000 is P233,000. This is supposedly your downpayment.

Sabi mo, you were discounted by P83,000 and so your downpayment was P150,000.

And then, your monthly amortization is P22,904 for 60 months. So, total payment after 5 years is P1,374,240.

Assuming you were really discounted by P83,000, then balance would have been P932,000. Total interest paid in this case would have been P442,240. Interest rate would have been 47.45% or 9.49% per annum. Very high!

But then again, I think you were not discounted by P83,000, so balance should have been P1,015,000. Total interest paid in this case should have been P359,240. Interest rate should have been 35.39% or 7.07% per annum. Still high!

IMO, you did not get the P83,000 discount and worse, you are paying a high interest rate. Bottomline,- you did not get a good deal, bro. (I am not sure about the rates right now, and with this, I could be wrong, but I was looking at a total interest rate of <30% in 5 years, because that was the deal I got some 3 years back)...

17.7K:santas:

[blacksun25]

20% of P1,165,000 is P233,000. This is supposedly your downpayment.

Sabi mo, you were discounted by P83,000 and so your downpayment was P150,000.

And then, your monthly amortization is P22,904 for 60 months. So, total payment after 5 years is P1,374,240.

Assuming you were really discounted by P83,000, then balance would have been P932,000. Total interest paid in this case would have been P442,240. Interest rate would have been 47.45% or 9.49% per annum. Very high!

But then again, I think you were not discounted by P83,000, so balance should have been P1,015,000. Total interest paid in this case should have been P359,240. Interest rate should have been 35.39% or 7.07% per annum. Still high!

IMO, you did not get the P83,000 discount and worse, you are paying a high interest rate. Bottomline,- you did not get a good deal, bro. (I am not sure about the rates right now, and with this, I could be wrong, but I was looking at a total interest rate of <30% in 5 years, because that was the deal I got some 3 years back)...

17.7K:santas:

now i'm sure nova2013 would feel bad. 30-35% interest ang normal na offer ng mga banko ngayon for a 5 yr loan. kaso baka nga hindi sa 20% down ipinasok, kundi sa 15% down - kunwari lang yung 83K discount na binigay sa kanya.

anyways, piece of advise kay nova2013, binili mo na yan eh before doing your homework so just charge it to experience and enjoy your new ride. congrats!

[CVT]

anyways, piece of advise kay nova2013, binili mo na yan eh before doing your homework so just charge it to experience and enjoy your new ride. congrats!

Yup, agree with you bro.... At total interest rate(best case) of 30% (5 years), his monthly amortization is not really that far off,- something like P22,000ish (But then again,- he did not really get a discount of P83,000 as claimed). Else, if discount were real and at 30% interest rate(5 years), he should be paying only P20,200 a month.

Nevertheless, I am quite certain that he will enjoy years of driving comfort and pleasure with his InnovaG Diesel..

17.7K:santas:

[CtrlAltDel]

1. Remove glove box. This is the hardest part. Press on the glove box's side wall (preferably the side near the door) until you see the tab or stopper....

thanks for the suggestion bro. you're right. walang screw ang glove compartment. the "stopper" is of the same mold as the glove cover. pwedeng pwersahin pero parehong matigas ang glove compartment cover and the dashboard baka may masira. di bale, pagawa ko nalang sa casa next pms and I will observe how they do it.

[nujsimon]

now i'm sure nova2013 would feel bad. 30-35% interest ang normal na offer ng mga banko ngayon for a 5 yr loan. kaso baka nga hindi sa 20% down ipinasok, kundi sa 15% down - kunwari lang yung 83K discount na binigay sa kanya.

anyways, piece of advise kay nova2013, binili mo na yan eh before doing your homework so just charge it to experience and enjoy your new ride. congrats!

If that happend to me, I would not have proceeded with the purchase, because there is a big difference in actual monthly amortization as to the quoted. Imagine a P2000 difference in monthly amortization is equivalent to P120,000 total and could have used the money for accessories and ensuing insurance premiums.

Btw, I think what the TS got was in-house financing, thus all the freebies, which is higher compared to direct loan from the bank. Lesson learned.

[joemarski]

*nova2013
so ang nangyari pala (if I'm not mistaken):
yung 83k discount IN- APPLY LANG SA DP para 150k lang bayaran niya instead of 233k.
(233k - 83k = 150k)
then ang loaned amount niya is still 932k
(1,165k - 233k = 932k)
and in 5years time, the total amortization is worth 1,374.24k or 1.37424M
(22.904k x 5 x 12 = 1,374.24k)
that will be a total of 442.24k "tubo" in just 5years
(1,374.24k - 932k = 442.24k)
that's 88.448k or 9.49% per annum...
WOW!!! 'wag na nating sabihing "HARANG", sabihin na lang na "TIBA- TIBA" ang toyota.
sana pala sir, via bank loan na lang. mas mababa interest kesa in- house...
anyway, enjoy na lang your new ride sir nova2013. you can never go wrong with a TOYOTA.
you have chosen one of the best suv's around... cheers!!!

ps. isa pang hindi ko maintindihan, ang sabi mo 'kamo eh 19k monthly lang ang unang usapan niyo.
bakit naging 22.904k na??? re- calculation at the time of payment??? kung ako sa iyo, sinuntok ko na agad siya!!!
I NEVER TRUST A CREATURE THAT BREATHES THRU TWO MOUTHS!!! :fight:

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[number001]

thanks for the suggestion bro. you're right. walang screw ang glove compartment. the "stopper" is of the same mold as the glove cover. pwedeng pwersahin pero parehong matigas ang glove compartment cover and the dashboard baka may masira. di bale, pagawa ko nalang sa casa next pms and I will observe how they do it.

No need to have CASA do it.

Once you press the glove box's side hard enough for the stopper to get out/slide out of the dashboard slot, then the entire glove box is removed.

From there you will see black airbox assembly (like in the pic I hotlinked). On top of the round assembly is a square box with a rectangular cover. This is where the filter is stored. Remove the cover by pressing a tab on the side of the cover itself.

To reinstall, simply reverse the procedure above.

PS: Its much easier to do same task with a Fortuner since it does not require pressing the glove box side. Simply pull the glove box out.

[biboypalaboy]

[QUOTE=ericson21;2069012]pero kita mo ba dun sa panel sir na parang may kulang? bungi yung mga may ilaw kase may katabi yun na naka ilaw, yung airbag lang wala ilaw dun? yung ABS logo nakita mo ba sa left side sa sinag ng araw na may logo dun pero di lang talaga umiilaw?

what do you mean sa security, kahit i lock mo yung sasakyan using the remote hindi na umiilaw yung security? kase dapat iilaw yun steadily for 30 seconds tapos after nun mag blink na sya indicating na the TVSS is armed. hindi ba ganun sayo?

kung iba na remote nya, nilagyan na ng aftermarket alarm? nag aalarm naman ba when you press the panic button sa remote for the car to alarm?

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Ellow Sir, confirmed po na may mga indicator dun sa service reminder indicator kasi ginamitan ko ng flashlight para ma check talaga isa-isa yung mga icons dun. maski yung security hindi rin gumagana, I guess may issue nga ABS, SRS at security alarm nito. kya bang i-DIY ito, i mean icheck lang yung fuse just in case meron baka kasi pundido lang.

Na notice ko rin na minsan nakalimutan kong ibaba yng handbreak at nailbas ko yng sasakyan sa garahe namin then nung sasakay na yng sa passenger side parang nag lock yng seatbelt nya at ayaw mahila. then ginawa ko pinatay ko yng engine then restart again tapos ayun nag function ulit yng seat belt sa passenger side.

is that normal? sana minor lang issue ng innova na nakuha ko. thanks.

[biboypalaboy]

baka may accident history ang acquired unit mo na deploy na yung airbag then di pinalitan ang airbag (mahal kasi) saka inalis yung lamp indicatornito para di mag-manifest na may problema. Ganyan kwento nung isang car na binebenta sa friend ko ng pinacheck sa dealership yung car lumabas sa result "deployed airbag".

Naku wala naman sana, trusted ba yng sa LTO text message? kasi inquire ko naman dun nakalagay no history etc sa txt reply nila. Sir may bayad ba ang magpa check sa dealership or sa casa para ipatingin yng mga service indicators na hindi gumagana?

Salamat po na Marami.

[papacaps]

Hi guys! im newbie here.. i just to ask and clarify something regarding the price/ inerest of the toyota innova that i got.. I got my 2013 innova G 2.5 diesel a/t last december 28, 2012.. i'm outside the country so my sister is the one made the transaction regarding the car.. at first the dealer told us that our dp will be 150,000 and the monthly amortization will be aroung 19000.. so i agree with that.. then he asked my sister that someone from the bank will call my other ( since the car will be name to my mother), and it was PSbank who called and approved us for the five-year loan and told us just to contact the dealer. so my sister called again the dealer and asked if how much will be our DP and monthly, he said the the same price 150K for the DP and arounf 19K for the monthly.. so the next day we decided to purchase the car since they have PROMO and it will only last till the end of december and went to TOYOTA DASMA to give the DP, we gave the 150K downpayment and toyota calculated again our month amortization.. in our surprise it was different!!! here it is:

price of the car: 1,165,000
20% DP: 150,000 ( supposed to be 233,000 but we were discounted by 83K)
monthly amortization for 60 months: 22, 904..
ALL-in (insurance, LTO reg and mortgage was included, also we have freebies like rust proofing, mat, tint, fuel, seat cover, cover for the car, labour services, etc)
the amount of the inerest for the 60 months that i computed was around 360K
I WOULD LIKE TO ASK IF IT IS TO MUCH OR MOST LIKELY THE INTEREST FOR THE 60 MONTHS PAYNET WILL COST LIKE THAT? HOPE YOU GUYS CAN ANSWER

Not to make NOVA2013 feel worse after reading many affirmations that he got his Innova at a very high interest. My point of sharing this is to serve as a comparison to other future buyers who, like me, read the discussions in this forum too before buying one.

Last November I visited BDO's Deals on Wheels and was given a quotation for Innova G 2.5 A/T Pearl White. Since it's Pearl white the SRP was Php1,180,000, DP of 20% payable in 5 years. Monthly ammortization is Php19,980 computed at 26.99% interest. No discount computed. Same freebies given to NOVA2013. Really a better deal.

However, I ended up buying an Innova E 2.5 A/T, got a Php45,000 discount from the dealer and still got a better deal.

[joyren]

Hi, just new to this forum, have been a lurker a long time ago, well i got my innova V model 2013, i had it since last month, well what upgrade did i do to it?
First sound setup, since i am a SQ who like to hear good sounds. After a week, i added an ETC " electronic trottle control" to improve my acceleration. Then change my downpipe after the turbo, wow acceleration did improve, just yesterday, i have a full exhaust mounted all 3" stainless steel, with muffler ant 4" tail pipe. I was amazed with the boost and power grabe. Just wanted to share

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Hi, just new to this forum, have been a lurker a long time ago, well i got my innova V model 2013, i had it since last month, well what upgrade did i do to it?
First sound setup, since i am a SQ who like to hear good sounds. After a week, i added an ETC " electronic trottle control" to improve my acceleration. Then change my downpipe after the turbo, wow acceleration did improve, just yesterday, i have a full exhaust mounted all 3" stainless steel, with muffler ant 4" tail pipe. I was amazed with the boost and power grabe. Just wanted to share

[nova2013]

thanks to all na nagreply.. ask ko lang po, na kung sa banko ba 35-30% inerest kasama na ung insurance, mortgage and LTO registration nun? is there anyway para mapababa ung inerest na un? kung mag refinance ba ko mas magiging ok??

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thanks to all na nagreply.. ask ko lang po, na kung sa banko ba 35-30% inerest kasama na ung insurance, mortgage and LTO registration nun? is there anyway para mapababa ung inerest na un? kung mag refinance ba ko mas magiging ok??

[nova2013]

thanks to all na nagreply.. ask ko lang po, na kung sa banko ba 35-30% inerest kasama na ung insurance, mortgage and LTO registration nun?how much po ang cost ng inerest for 5 years kung sa bank ako kumuha? is there anyway para mapababa ung inerest na un? kung mag refinance ba ko mas magiging ok??

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thanks to all na nagreply.. ask ko lang po, na kung sa banko ba 35-30% inerest kasama na ung insurance, mortgage and LTO registration nun?how much po ang cost ng inerest for 5 years kung sa bank ako kumuha? is there anyway para mapababa ung inerest na un? kung mag refinance ba ko mas magiging ok??

[nova2013]

Not to make NOVA2013 feel worse after reading many affirmations that he got his Innova at a very high interest. My point of sharing this is to serve as a comparison to other future buyers who, like me, read the discussions in this forum too before buying one.

Last November I visited BDO's Deals on Wheels and was given a quotation for Innova G 2.5 A/T Pearl White. Since it's Pearl white the SRP was Php1,180,000, DP of 20% payable in 5 years. Monthly ammortization is Php19,980 computed at 26.99% interest. No discount computed. Same freebies given to NOVA2013. Really a better deal.

However, I ended up buying an Innova E 2.5 A/T, got a Php45,000 discount from the dealer and still got a better deal.

Hi papcaps, just want to ask if BDO's Deals on Wheels for Innova G that was given to you were all in also.. i mean the insurance, mortgage and LTO reg were included? and also with the freebies po?

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Not to make NOVA2013 feel worse after reading many affirmations that he got his Innova at a very high interest. My point of sharing this is to serve as a comparison to other future buyers who, like me, read the discussions in this forum too before buying one.

Last November I visited BDO's Deals on Wheels and was given a quotation for Innova G 2.5 A/T Pearl White. Since it's Pearl white the SRP was Php1,180,000, DP of 20% payable in 5 years. Monthly ammortization is Php19,980 computed at 26.99% interest. No discount computed. Same freebies given to NOVA2013. Really a better deal.

However, I ended up buying an Innova E 2.5 A/T, got a Php45,000 discount from the dealer and still got a better deal.

Hi papcaps, just want to ask if BDO's Deals on Wheels for Innova G that was given to you were all in also.. i mean the insurance, mortgage and LTO reg were included? and also with the freebies po?

[MrQ5]

Naku wala naman sana, trusted ba yng sa LTO text message? kasi inquire ko naman dun nakalagay no history etc sa txt reply nila. Sir may bayad ba ang magpa check sa dealership or sa casa para ipatingin yng mga service indicators na hindi gumagana?

Salamat po na Marami.

di ko alam sir palaboy kung may bayad at ma-trace din sa innova kung deployed airbag na, honda kasi yung pinacheck na car ng friend ko. saka makikita naman din daw sa body frame at headlight kung may history of accident pinakita din sa kanya ng casa may konti misalignment ang front ng car kung inspeksyonin mabuti ang car.

pero sana hindi nga deployed airbag ito at walang accident history car nyo sir.

[CVT]

Monthly ammortization is Php19,980 computed at 26.99% interest..

That was actually the benchmark interest rate that I was looking for for a 5-year amortization schedule, when I stated <30% i.e. less than 30%.....

I got something like 28% some 3 years ago and I was expecting lower interest rate than that right now....Thanks for sharing bro.

Well, of course, the chattel mortgage is all BS,- so if you have the dough,- better pay upfront.

17.8K:snow:

[fourtheboys96]

Hi papcaps, just want to ask if BDO's Deals on Wheels for Innova G that was given to you were all in also.. i mean the insurance, mortgage and LTO reg were included? and also with the freebies po?

Hi! If I may butt in with your question.

We got a loan from BDO for an Innova G last October 2012 (3 years to pay).
We decided to get the only loan from them under their promo and negotiate the so called freebies directly with the dealer.
Except for the chattel mortgage and the AON/AOG, we got for free the LTO (3 years) and the insurance from the dealer. That is in addition to the standard add-ons/freebies like tint, floor mats, rust proof, etc.

[wakiki77]

mga sir ask ko lang regarding sa turbo ng innova, may certain rpm or speed ba bago mag engage ang turbo ng innova? or naka engage na sya agad pag start?

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mga sir ask ko lang regarding sa turbo ng innova, may certain rpm or speed ba bago mag engage ang turbo ng innova? or naka engage na sya agad pag start?

[ericson21]

Ellow Sir, confirmed po na may mga indicator dun sa service reminder indicator kasi ginamitan ko ng flashlight para ma check talaga isa-isa yung mga icons dun. maski yung security hindi rin gumagana, I guess may issue nga ABS, SRS at security alarm nito. kya bang i-DIY ito, i mean icheck lang yung fuse just in case meron baka kasi pundido lang.

Na notice ko rin na minsan nakalimutan kong ibaba yng handbreak at nailbas ko yng sasakyan sa garahe namin then nung sasakay na yng sa passenger side parang nag lock yng seatbelt nya at ayaw mahila. then ginawa ko pinatay ko yng engine then restart again tapos ayun nag function ulit yng seat belt sa passenger side.

is that normal? sana minor lang issue ng innova na nakuha ko. thanks.

pero anu tunog ng alarm nyan sir? di ba busina ang tunog?

dalin mo na lang sa casa para ma check sir bat ganun yan. ilang araw na ba sayo sir? balik mo sa pinagbilan mo sir, parang may defect eh. never nangyare saken yung sa seatbelt na issue na yun. hindi nag lo-lock yung saken.

dapat yung sa security, once na nilock mo yan using the remote, iilaw dapat yun eh.

[CVT]

^^^ There is nothing electronic in the seatbelts. Everything, AFAIK, is mechanical.

Baka mali lang ang "angle" ng pagkakahila o mabilis masyado ang pagbatak....

17.8K:snow: