Auto loan..

[tomatostellar]

ty sa feedback sis simang

[PinKisH_23]

Last January 30 we had an accident, tapos nakipag settle nalang yung nakabangga kaso kulang parin pangpa repair, kaya nag decide kami mag auto loan nalang. Work from home ako and freelance musician naman ang asawa ko. Ang ginawa ng agent namin from Suzuki pinapa approve sa PS Bank, since may existing housing loan kami sa PS Bank and tuloy tuloy naman ang bayad namin ng walang delay, na approve kami. Ang pinasa lang namin na additional docs are bank statement, IDs and billing statement. Sya na daw ang bahala sa ITR. Irerelease na sya on Thursday. Ang masaya pa, may kulang pa kasi kaming 15k, mag issue lang daw ako ng PDC kay agent (1month to pay sa kanya) and makukuha na namin si Kraken (name ng car). Kaya halong excitement and kaba kasi first time namin mag brand new. Sana maging smooth ang lahat.

[bluejazbling]

Hi guys,

tanong lang sana ako regarding auto loan? kahit saang bank pwede magapply for auto loan?

I'm a rookie car buyer kasi and during our conversation with the sales person sa car company na pagbibilhan ko, initroduced niya kasi parang sa partnered bank siguro nila, what does that mean?

thanks po sa mga sasagot

[geekgurl]

inhouse financing yan sis. Mas mabilis approval pero Mas mataas interest rate. Try mo muna mag inquire sa bank.

[bluejazbling]

Ganun po ba? Pwede bang lumapit to any banks for quotation lang?

Thanks!

[geekgurl]

yes pwede naman.
They would ask  lang naman kung ano SRP nung sasakyan na kukunin mo. Tapos compute na nila kung ano kaya mong DP at terms of payment. Ba't di ka maginquire sa bank mo sis

[neriann28]

@amethyst028 magkano bili mu sa 2nd hand car mu sis? and san? pm mu na lang sa kin thanks!

[Cheesecak3]

Finally, I am done paying my Avanza 2012 and planning of getting a new Honda City for personal use.

[FayeP]

mga sis question po...first time ko mag apply ng car loan, for Hyundai Eon...ngayon sabi ng agent, since un promo nila is super baba ng DP, para daw ma-approve ako sa East West ay mag direct to bank na lang daw ako...eh ang unang sabi nya un mababang down payment ay thru bank financing un...so naconfuse ako...magkaiba pa ba un direct to bank at pag sinabing bank financing? thanks

[pretty_B]

share ko lang ha. i bought a second hand car twice na paid in cash. after payment i never had to worry about anything. i don't have to deal with bank payments or insurance. i just have to follow the regular maintenance of my car and that's it. wala akong loan whatsoever so nakaka ipon ako. while some of my friends bongga ang car suv's, big time bagong bago. yung price ng downpayment nila is the same price ng pagbili ko ng car in cash. the difference is i don't have monthly payments and they do. long story short the whole time they are paying for the car they always complain about money. lagi na lang sila stressed. although malaki naman ang kinikita nila they still feel na malaking pabigat sa kanila yung monthly amort. sa akin pa lagi lumalapit para mangutang pati kids tuition at pangbayad ng meralco.

gusto ko na kayo unahan na it's not all glamour to own a new car kaya make sure long term hindi kayo mahirapan. this is my first loan ever and i'm still thinking long and hard if i will push through kasi nakita ko how hard it was for my friends.

hi sis! nainspire ako sa kwento mo. may point ka. hehe. kaso, kung wala din talagang pang cash kahit 2nd hand car, eh auto-loan ang kababagsakan. hehe.

anyway, pede malaman kung how much ang combined salary nyo and ng co-maker nyo to get approved by banks or kahit in-house? and also which is better ba? low dp or low monthly? i always thought na low monthly eh. kaso kung auto-loan din naman (either bank or inhouse) plus may monthly payment pa, does it really matter kung ano? hmmm. 

[mo|mel]

Hi sisses, baka may maka-help sakin. nagkafinancial problem kami at nadelay kami ng bayad sa bank. Willing naman kami na bayaran [textspeak!] late namin pero yung collections agency ang gusto nila hatakin na yung car. May way pa ba na ma-retain namin yung car? o iniisp ko kung possible ba na ipahatak nalang tapos magapply kami ulit sa ng bago maapprove pa kaya ako? salamat sa mga sasagot BTW may pang monthly na ulit kami kasi nagkawork na si husband ulit kaya di na issue yung monthly.

[cl1995]

1 month na lang and the payment for our 2015 Mitsubishi Pajero is done. Parang kelan lang nung kumuha kami ng Pajero. Bilis ng 2 years hehe

May binabayaran pa din kami na 2016 Montero. 2 years din hehe

Thinking of getting a 2017 Pilot or 2017 Grand Cherokee to replace our 7-yr old Montero Sport. Maiba naman

[mo|mel]

update mga sis binayaran ko nalang yung delinquent plus 1 month. pumayag naman si bank at di na ako nakipagusap sa collections agency. okay naman

[Ms. Pink1988]

Hi! Any feedback kung mabilis mag approve ang PSBank? Sabi kasi ng dealer na kausap ko from KIA Sucat, pinasa nya sa PSBank yung application ko, then wait nalang daw ako ng tawag from the bank. Kanina lang nya pinasa application ko.. mga ilang days kaya bago ako makareceive ng feedback? 

TIA! 

[tomatostellar]

update mga sis binayaran ko nalang yung delinquent plus 1 month. pumayag naman si bank at di na ako nakipagusap sa collections agency. okay naman

buti na keep nyo pa

[Ms. Pink1988]

Update sis:

Tinawagan ako ng China bank nag CI na sila.. pero KIA ang nagprocess. Hindi ako dumerekta sa bank.. kinakabahan ako sana maapprove!

[Ms. Pink1988]

Mga sis. Kapag may existing loan balance ba si co-maker mo sa isang bank, automatic decline na ang auto loan ko sa lahat ng banks? Please help mga sis!

[cl1995]

^ Nope. My mom availed another autoloan through Maybank  kahit may existing 2 car loans siya from PSBank and Maybank too.

[tomatostellar]

ilang percent ba usually nag rrange ang interest sa car loan?

[plumpolka]

ilang percent ba usually nag rrange ang interest sa car loan?

depende sa bank and sa years na i-avail mo. not sure with the % pero nung nagcompute ako before, additional 100k+ from the SRP nung car yung nababayad ko sa interest. again depende kung gano katagal yung loan mo. sakin kasi 4 yrs to pay lang and 100k+ yung nacompute kong interest sa bank. less years to pay, less interest din.