Author Topic: Buying Your First Car (Read 16852 times)

snowyice · « **Reply #20 on:** July 18, 2011, 03:06:08 pm »

mahal talaga ang magkaroon ng car para ka na talaga nagrent ng 1 unit ng house kaya kahit gustong gusto ko magkaroon ng car pinipigil ko ang sarili ko kasi para sa akin hindi naman siya talaga need now although masarap umalis kapag may car and kahit saan mo gusto pumunta pwede

ycka29 · « **Reply #21 on:** July 18, 2011, 07:48:28 pm »

Thanks sis joban99.

Waw, thanks din sis feline13! That was really helpful.

looking at it, mukhang madami ako kailangan i-sacrifice pagbumili na agad ako ng car ngayon. Huhu. Like travel and vanity. Hehe. Waah im not ready to give up those things...

For now, baka gamitin ko muna yung family van namen. Need to find a better job na pede magbigay ng company car. Lol.

clueless · « **Reply #22 on:** July 18, 2011, 08:23:39 pm »

My 1st car was a 2nd hand car that i got when i was 26. 220k lang and loan sa office so ang baba ng MA. I had just learned how to drive then so tama lang i got a used car kasi mga 4 na beses ako nabangga. Haha. I sold it a year later and got a 2003 honda city 1.3s.

Now i have a 2009 honda city 1.3s. MA is about 13k. First 3 years of registration kasama na when i bought the car so next year pa akO start magbayad. Registration is about 2k or 3k yata.

Insurance premium is about 15k per year.

I live in better living and work at mckinley hill. I spend for toll 44 one way, a full tank of gas lasts me 2 to 2.5 weeks including weekend use. It helps that i work from 12nn-9pm so iwas rush hour traffic ako.

Maintenance is every 10k km. Regular maintenance is about 4k. Pinakamahal ang 80k km check up. For reference with my old car, 40k km was about 12k.

For reference also, my husband's 2008 civic 1.8s, MA is about 18k, a full tank lasts 1.5-2weeks. Mckinley hill din siya.

Buti cheap lang parking namin compared to makati cbd, 50/day.

Fuel efficiency depends on a lot if things.
- driving style - kung mabigat paa mo sa gas, kung bigla ka magarangkada, etc
- traffic - the most nagastos speed is 0 kph kasi you use gas but you dont get anywhere
- car condition - regular tune up dapat
- tire pressure - pag hindi tama may effect din sa fuel consumption

And i try not to go beyond 2k rpm and 80kph.

binggay · « **Reply #23 on:** September 08, 2011, 02:21:52 pm »

^ Sis, yung 13K na MA mo is for how many years and how much yung downpayment mo?

clueless · « **Reply #24 on:** September 09, 2011, 12:03:42 am »

^ 20% down lang, 5 years to pay.

binggay · « **Reply #25 on:** September 09, 2011, 01:13:07 pm »

^ Thanks, sis. That's in-house financing or thru bank? am planning to get a City kasi mga May next year.

clueless · « **Reply #26 on:** September 09, 2011, 06:00:29 pm »

^ bpi auto loan.

ycka29 · « **Reply #27 on:** September 14, 2011, 03:32:18 pm »

ano ba mas ok, in-house or through bank?

and ano pala ang requirements ng isang co-maker? possible ba na walang co-maker?

clueless · « **Reply #28 on:** September 14, 2011, 08:36:46 pm »

^ normally mas mataas ang interest pag in house. And kahit sa bank kayo magl-loan, mas maganda dumiretso sa bank kesa idaan sa dealer ang pagayos sa bank. Mas mababa usually ang interest kasi pag dumiretso ka and if you have a good standing with the bank, makakatawad ka pa or pwede ka bigyan ng preferred rate.

Not in all cases required ang co-maker. Ako walang co-maker even with my first car. Pero naging co-maker na ako ng sister ko.

angeljolie · « **Reply #29 on:** September 15, 2011, 06:30:29 am »

I want a new car din. At 33, first time ko iconsider bumili ng brand new. Hehe.

Mas maganda talaga dumiretso sa bank kesa sa dealer ipaayos ang car loan. Yung 14,900 na monthly amortization sa 'in-house' could be as low as 12,500 pag diretso sa bank.

pretinnes · « **Reply #30 on:** September 15, 2011, 03:29:45 pm »

what bank ang okay mag auto loan mga sis? ive heard of psbank and bdo..ano pa okay and hindi masyado matrabaho?

angeljolie · « **Reply #31 on:** September 15, 2011, 05:56:29 pm »

I kinda shopped for rates (BDO, Bank of Commerce, BPI, PSBank, East West) and the lowest is BPI. May promo sila this month kasi anniversary nila.

ycka29 · « **Reply #32 on:** September 16, 2011, 10:57:35 am »

thanks sis clueless! ok lang pala kahit walang co-maker.

i though all loans need ng co-maker. may additional requirements ba if wala ako co-maker?

hindi ko na iconsider yung in-house financing kung mas mapapamahal pala ko dun.

clueless · « **Reply #33 on:** September 16, 2011, 11:17:46 am »

^ sis, minsan pag hindi pa masyadong established ang credit standing mo, or ang salary mo is only a little over the minimum required, they ask for a co-maker. Ang co-maker kasi will also be liable in case hindi ka makabayad. So minsan ang co-maker, mas mataas ang income or mas ok ang credit. In cases naman of OFWs, banks sometimes require a co-maker na nasa pilipinas. So hindi lahat ng cases kailangan ng co-maker.

Bank or lending institution ang magsasabi kung kailangan ng co-maker. If your docs and your CI are ok naman, yon na yon. But if not tapos needng co-maker, sign siya sa loan documents din plus submit dinng financial documents yata. Di ko na matandaan masyado ang requirements from aco-maker kasi 2001 pa nung naging co-maker ako ng sister ko.

ycka29 · « **Reply #34 on:** September 16, 2011, 11:35:24 am »

^thanks sis!

guess i have to go to the bank para ma-clarify. would you know kung magkano yung minimum required?

clueless · « **Reply #35 on:** September 16, 2011, 11:48:40 am »

^ not sure eh. Depende din yata sa bank. My loan is with bpi kasi sila ang may lowest na inoffer sakin, i got preferred rates for being a loyal client kasiyj g car loan ko now is my 2nd with them. Plus i maintain my savings ang checking accounts with them.

Pero ang rule kadalasan is MA should not be more than 1/3 of your net pay. Hindi naman rule talaga pero maganda kung ganyan.

angeljolie · « **Reply #36 on:** September 16, 2011, 12:22:41 pm »

Dapat ba free ang LTO registration for 3 years pag bumili ng bnew car? Or bonus lang yun?

clueless · « **Reply #37 on:** September 16, 2011, 12:28:36 pm »

^ sa iba yata free, sa iba may bayad.

For info lang din, when you inquire sa bank, ask how much chattel mortgage and insurance are. May kilala kasi ako had enough money for 20% down pero may charges pa on top of like these 2 nga na hindi niua na-foresee so nadelay ng konti ang pagbili niya kasi nagipon pa ulit. Kasama sa initial cash out mo yan kung di ioffer ng free.

angeljolie · « **Reply #38 on:** September 17, 2011, 08:31:03 am »

^Thanks sis clueless. Hindi kasi free yung saken but I was able to haggle and get it at 50% off.

Dalawa na nag quote saken ng insurance and both are at 24k with AOG. So ganun na talaga siguro yun.

Excited nako, this will be my first bnew car.

clueless · « **Reply #39 on:** September 17, 2011, 09:27:23 am »

^ congrats!

You're getting a loan from bpi diba? Please make sure the insurance company is accreditted ha if you're not getting bpi/ms. Nangyari kasi sa akin mas mura ang quote ng ibang insurance company and accreditted naman daw so i went ahead with that. The following year, nagrenew ako ng insurance with the same company and apparently di na sila accreditted so ayaw ihonor ng bpi yung policy na yon at pinapakuha ako ng bago. I had to appeal to them na tanggapin kasi di naman sinabi sa akin na they lost their accreditation.

Your car kasi has to be covered by comprehensive insurance for the duration of your loan term and every year you submit proof of such. Kung bpi/ms, sila na maguusap, bayad ka na lang.

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Author Topic: Buying Your First Car (Read 16852 times)