Author Topic: Buying Your First Car (Read 15240 times)

scents01 · « **Reply #140 on:** August 21, 2012, 06:15:03 pm »

hi mga sis!

just a piece of advice when availing of autoloans..cons vs. pros..

bank autoloans
- mas maliit ang monthly/interest coz pag sila yung nagprocess ng papers, minimal lang ang dealers incentive..like pag 1M yung loan, usually 1% lang ang dealers incentive, so ang babayaran ng customer, 1M plus interest plus 10K for the dealer
- mas matagal ng processing, pwedeng decline lalo na pag strict ang bank sa requirements
- yung ibang banks may free insurance like BPI and Metrobank
- you have to pay for the Chattel Mortgage, LTO and Insurance (kapag hindi covered ng bank)

dealer autoloan (brandnew cars)
- mas malaki ang monthly/interest..like pag 1M yung loan, usually 10% or 13% and dealers incentive, so do the math

- aside the usual freebies na tint, floormat, seatcover, they can add other freebies like Chattel Mortgage, LTO, and insurance kung may insurance company din ang dealer
- mas mabilis ang processing lalo na kung gusto agad makabenta, kayang kayang pekein ang ITR, and other requirements, basta may pag downpayment, go na!
- hindi necessary sa in-house financing ipapasok ng dealer ang loan, pwede ding ipasok sa ibang banks, kaya mas okay if you'll ask your bank first para may idea na kayo

bratty · « **Reply #141 on:** August 21, 2012, 06:18:54 pm »

^thanks for your inputs sis. Kaya undecided pa ako kung saan kukuha ng unit kasi gusto ko muna magresearch at makakuha pa ng ibang ideas on this.

scents01 · « **Reply #142 on:** August 21, 2012, 06:42:48 pm »

^you're welcome sis!

ako, wait ko lang lumabas uli Mitsubishi Mirage this year, 500k for a sedan, pagipunan ko na downpayment

sana before the year ends, i get to buy my first car..

cinnam · « **Reply #143 on:** October 20, 2012, 12:15:33 pm »

Mitsubishi mirage looks promising, I've always wanted jazz pero ang mahal eh.

scents01 · « **Reply #144 on:** October 21, 2012, 09:09:19 pm »

^may promo ang mirage ngayon, pay deposit of 10k, get 40k worth of discounts, until end of the month..

yezzi · « **Reply #145 on:** October 22, 2012, 11:25:02 am »

^hi sis, sa usual na freebies hindi na pwedeng madagdagan yun? how about car cover, keychain and umbrella?

Approved ang car loan namin sa PS bank for 15% dp this is in Toyota hah? We asked din sa Honda since hubby wants Honda, okay namin naman kame sa PS bank however, 20% ang required dp hindi pa all in. Ganun ba talaga mga sis iba-iba? We're waiting for an update from our dealer (honda) kung may nahanap na silang 15% we might back out kasi kung 20% ang lake ng amount na kailangan and may iba ba kasi kameng pagkakagastusan

scents01 · « **Reply #146 on:** October 22, 2012, 08:38:41 pm »

^sis, i cannot speak for other dealers ha, but with mitsubishi, ang standard freebies are tint, floormat, and seat cover, plus leather manual cover and keychain, and umbrella..minsan may free early warning device, plate cover, lto, insurance, chattel mortgage, depends sa kotse, ahente, terms, etc..

mababa yung 15% dp ha, usual 20% talaga..although may special cases na lower than 20% dp, hindi ko lang sure kung anong criteria ng banks on that..

yezzi · « **Reply #147 on:** October 22, 2012, 10:25:19 pm »

^thank you sa info, the car that we want is more than a mil kaya malaking effect if ever na 20% siya

! sis, in terms of in house financing vs bank mas sino mas mababa?

scents01 · « **Reply #148 on:** October 22, 2012, 11:49:03 pm »

^go forbanks sis..may nasilip ako na amount financed is 500k and the interest was over 200k, payable in 5years

pero syempre iba iba ang rate ng in house financing but at least you get a snippet of the picture

mas mabilis lang approval pag in house, medyo lenient sila with some of the requirements and CI, and flexible with terms but as you mentioned, approved na bank car loan nyo, mas practical, long term speaking..

CityHunter · « **Reply #149 on:** October 23, 2012, 07:41:50 am »

Always consider first and most yun crash safety test results then fuel efficiency and comfort when weighing choices sa price range na afford mo. And be very very wary when dealing with second-hand as some tend to be experts in masking problems. Best to have a good check ng undersides pati na nook and crannies to see anong mga possible problems.

For me I'd still stick to old school then upgrade it when budget allows. Sali lang kayo sa good car club that way you get good mechanics na okay sa trabaho at price and may feedback ka from fellow members testifying on this.

wax_80 · « **Reply #150 on:** November 01, 2012, 01:38:25 pm »

Bought my first car yesterday! A second hand ford focus hatchback 2008 model. So far okay naman

I'm still practicing parking

so much easier driving an automatic

immy · « **Reply #151 on:** November 03, 2012, 12:15:41 pm »

Hi sisses!

Pa join! I've been a "silent reader" for many months now and obviously this is my first post!

I got married exactly two weeks ago and we've been fixing our finances. Hubby and I want to get a car loan early next year but after computing our budget, mukhang kakapusin kami since we are also planning to have a baby na. (I'm already 28). But with our monthly income, d kaya isabay ang baby and car loan. The main reason why we're planning to get a car eh para talaga sa baby. I'm very frustrated mga sis. Ang hirap mag commute na buntis dito sa Manila and kawawa rin magiging baby namin if ilalabas namin tapos magccommute lang kami. Any suggestios?

TIA!

yezzi · « **Reply #152 on:** November 04, 2012, 02:20:24 pm »

@scents01 thanks for the advise. Had ours last week lang and im happy as I can be

@immy: first to budget your finances sis, believe me ang laking gastos magkababy lalo na paglabas ni baby, ask your self "kaya ba namin sabay ang gastos? sa baby at sa car?" Sure! makakaipon kayo say....9 months? along with that kailangan pag ipunan ang pangangak. I for my self experienced to have my babies (yes babies) commuted and It's so hard lalo na pag toddler but I survived and my friends survived. Sayang naman ang loan sa car of ever hindi mababayaran right? Kung hindi talaga kaya you have to give way sa isa. And oh! just to give you an idea may car loan for second hand car you might wanna check it, I think mga 8-12k MA. At kung car din pala you worry about the monthly payment, settle for 2nd hand then pay it as cash, wala ng MA

leelou · « **Reply #153 on:** November 04, 2012, 03:37:15 pm »

Quote from: scents01 on October 22, 2012, 11:49:03 pm

^go forbanks sis..may nasilip ako na amount financed is 500k and the interest was over 200k, payable in 5years pero syempre iba iba ang rate ng in house financing but at least you get a snippet of the picture mas mabilis lang approval pag in house, medyo lenient sila with some of the requirements and CI, and flexible with terms but as you mentioned, approved na bank car loan nyo, mas practical, long term speaking..

heto nga din napansin ko. usually sa mga in house financing, ang daming freebies pero malaki yun interest therefore malaki rin lumalabas monthly amortization. pag nag-compute, mas mababa pa rin total expenses pag banks. tama ba observation ko mga sis?

2 years ago, i bought my first car (co with hubby) thru BPI Family auto loan. tas freebies from the car dealer are 3 years LTO registration, seat cover, mats, tools which are i think usual freebies talaga. this year we plan to get auto loan thru BPI again (on behalf of my parents na ineligible na to apply for a loan) with free insurance with AOG for the 1st year. yung free insurance, tyempo lang na may promo BPI ngayon til December 17 daw.

Quote from: queendi on July 21, 2012, 03:49:41 pm

napakagastos magkaroon ng car. sa tinagal-tagal kong pinangarap, when I finally had my own, saka ko lang na realize na totoo pala, kailangan sobra-sobra ka sa pera ka kapag may car ka dahil konting kembot, gastos na, puera pa yung gasolina. what more pa yung mga hinuhulugan pa yung car nila.

but, masarap ang may car. =)

ps: hindi ako sobra-sobra sa pera, talagang tinupad ko lang ang pangarap ko. =)

true sis dami gastos. pero same here, nakakatuwa matupad ang pangarap

lalo na when we were able to fully pay our loan it and got our OR from the bank

scents01 · « **Reply #154 on:** November 04, 2012, 04:02:06 pm »

^tama observation mo sis..kapag malaki yung interest earned ng company, they can afford to give free chattel mortgage, insurance, lto reg, accessories etc..inoffset lang nila and yet malaki pa rin kita..mas mababa talaga pag banks kaya kung may bank approval ka naman, go for bank loans na..

Sis immy, medyo mahirap pagsabayin ang gastos ng baby and monthly amortization ng car lalo na kung limited budget lang..sa baby kasi aside sa fixed monthly expenses like milk, diaper, vaccine shots, pedia etc., may mga unexpected expenses pa rin..ganun din sa car, may mga unexpected expenses din aside sa monthly amortization..pag babies naman usual once a month ang labas sa bahay coz of checkups, hindi advisable yung crowded places sa simula..unless iba yung lifestyle mo sis

immy · « **Reply #155 on:** November 05, 2012, 04:31:03 pm »

Quote from: scents01 on November 04, 2012, 04:02:06 pm

^tama observation mo sis..kapag malaki yung interest earned ng company, they can afford to give free chattel mortgage, insurance, lto reg, accessories etc..inoffset lang nila and yet malaki pa rin kita..mas mababa talaga pag banks kaya kung may bank approval ka naman, go for bank loans na..

Sis immy, medyo mahirap pagsabayin ang gastos ng baby and monthly amortization ng car lalo na kung limited budget lang..sa baby kasi aside sa fixed monthly expenses like milk, diaper, vaccine shots, pedia etc., may mga unexpected expenses pa rin..ganun din sa car, may mga unexpected expenses din aside sa monthly amortization..pag babies naman usual once a month ang labas sa bahay coz of checkups, hindi advisable yung crowded places sa simula..unless iba yung lifestyle mo sis

Thanks for the reply sis! Sige we'll try to discuss everything first before kami mag decide. I'll update everyone!

ysa.belle · « **Reply #156 on:** November 07, 2012, 08:12:00 pm »

^ a second hand car pwede din naman...

FieryAngel027 · « **Reply #157 on:** November 21, 2012, 10:24:53 pm »

Second hand lang muna ako. Baka pag brand new tapos magasgasan ko maloka ako eh. Even hubby, 2nd hand lang muna gusto nya bilhin ko. Hopefully next year, i have my own na and I prefer it manual. Hindi ako comfortable sa automatic.

piatos · « **Reply #158 on:** November 23, 2012, 11:43:18 pm »

ako din kung magpraktis ako magdrive gusto ko 2nd hand. masakit sa puso at sa bulsa pag nabangga yung brand new lol

sramos010582 · « **Reply #159 on:** December 13, 2012, 08:14:51 pm »

Hi everyone! I'm new here. I found out about female network while researching about cars. I'm planning to buy a second hand car. I'm looking into buying a honda city, toyota vios or altis. By any chance, do you guys have an idea on how much I would spend monthly based on my lifestyle?

Here's my usual routine: from my house in Mandaluyong, I would go to Ortigas for work, then back to Mandaluyong. I'm not really a very outgoing person so most of the time I just stay in the house after work. Thanks a lot and hope to meet new friends here

News:

Author Topic: Buying Your First Car (Read 15240 times)