Buying a Car

[ohcmon]

^ Sis I have a 2014 Accent na gas pero super tipid niya. Batangas-Nueva Ecija roundtrip I spent about 2k lang in gas, so syempre mas mura diesel.

[bluish_mommy]

anyone who has Toyota Yaris here? musta performance at gas consumption?

[jeia]

I have 2014 toyota yaris. performance so far so good naman. i think same as vios. fuel consumption parang mas matipid yung 2010 vios ng friend ko.

[bluish_mommy]

^ilang L/km consumption mo sis?

[sosychill]

Sa mga gusto bumili ng wigo.. compare niyo maigi sa i10 or mirage..

[bluish_mommy]

^daihatsu daw ang body ng wigo, totoo ba yan?

[dm1179]

yes Wigo is by Daihatsu and rebadged by Toyota. it's a no issue naman.

[QueenDC]

Hi sisses, hope you can help. May ino-offer sa kin na chev spark 2012. I only have to pay the monthly 11.3k for around 32 months, no DP. 27k ang mileage. This will be my first car if ever and I still need to learn how to drive. I'll use it going to work (Makati) mg 2-3x a week if I have lots to bring then on weekends pag may errands lang or lakad. Di [textspeak!] ako nagmamadali magka car and di ko na-consider pa ang spark as my target car before. Should I get this or ipon na lang muna for the dp sa car na gusto ko? TIA.

[gorgeous_me]

^@abbeydasassy:

hmm, IMO, kung wala kayong masyadong alam sa car parts, better to buy brand new, iwas sakit ulo, hehe
perokung 2nd hand naman, ok lang, basta may kakilala kayong magaling tumingin ng car, para at least lam nyo, na ok talaga yung mga parts.

yung all in, in house siya, promo nila yung low DP, sa tingin ko, para siya sa mga consumers na hindi kayang maglabas ng malaking DP or yung default ng 20% DP, so ok sa knila yung ganyang promo..hidden carge, not sure lang, pero mas malaki ang interest nya talga kapag in house, compare mo sa bank finance, pero kng mag-in house kayo, ipilit nyo na lang yung mga pwede i-freebies nila don, like for example, window visor, yung iba, fog lamps, hehe..etc.

sabi mo naman gusto nyong magDP ng malaki,go for bank finance, makakatipid talaga kayo, then pwede nyo pang babaan yun loan terms nyo, like 3yrs...ganon

[_ilovepink_]

Hi,

For those na may experience or may alam na tungkol sa car financing, please enlighten me.

We are getting a bnew vios by first week of nov. The dealer offered us with a very low discounted DP, and monthly would be around 15K for 5 yrs. This is for inhouse financing. If bank naman, there would be additional 10-15K on top of the discounted DP offered, and monthly would be the same for 5 yrs. Is this true? I have read that bank financing offers lower interest compated to inhouse financing. How come parehas lang daw ang monthly for both, for the same terms. We asked if may catch ba. Like any additional charges when we choose inhouse. They explained, the difference lang daw is that inhouse, the car will be under Toyota's name, and leasing lang and contract. Once the loan is paid off, transfer of name will then be processed. If sa bank financing naman, the car will automatically be under the buyer's name, once the loan is approved and everything else. Tama po ba yung diniscuss nya samin?

THank you.

[gorgeous_me]

^@_ilovepink_

kung low DP, at same lang ang monthly sa bank finance ang inoffer sa inyo, malamang promo yun ng toyota.

yung sinabi mo na 10-15K additional sa DP kapag Bank finance, e same lang ang monthly sa inhouse...eto ba binigay ng bank sa inyo? or natry mo ba yung auto loan calculator ng mga bank sa sa site nila, kasi kung yun nga ang lumabas, mag inhouse ka na nga lang, hehe

usually kasi, mas mababa ang monthly sa bank finance, pero 20%DP ang lowest nila.

yung friend ko kasi vios din, pero hindi ko lang sure kung same kayo ng variant na napili, sa knya [textspeak!], 12k for 5yrs, pero 25% ata ang DP nya.

regarding  sa car title, hmm, bank finance din kasi ako, pero hindi ako sure kung pano naka-name sa'yo, kasi, kapag bank loan, wala sayo yung original documents, nasa kanila pa, pag paid off na, don mo lang makukuha

ang sinsabi kaya nila e, yung OR CR mo, naka-name sa Toyota? hehe, dito hindi ako sure, hehe

copy lang ng OR CR kasi ako meron na name ko nakalagay

[_ilovepink_]

^ thanks for the insight sis gorgeous_me

mukhang yung ORCR nga yung ibig nya sabihin. Basta ang nacatch ko lang tlaga, eh pag inhouse financing, yung car nakalease lang sayo..si TOYOTA pa rin ang may-ari.
Ang inoffer ng dealer eh discounted 20% DP daw pag inhouse. I have tried loan calc sa bank. 20% DP would have 12K monthly for 5yrs. So mukhang nalito ako dun sa sinabi nya na pag sa bank financing, DP would be discounted DP+10K lang. Masyadong mababa compared sa original 20% ng car value. And monthly for 5 yrs does not match dun sa sinasabi nya na same lang ng 15K and monthly if inhouse or bank.
In other words, di talaga totoo yung discounted 20% DP nila since malaki pa rin and monthly mo (15K), compared sa bank which is actual 20% DP, 12K/mnth for 5 yrs?

[gorgeous_me]

^yup

promo ng dealer yung low down, lalo na kung yung buyer, hindi kaya maglabas ng 20% DP, pero need na ng car

kapag inhouse, kasama na don yung 1st yr insurance, CM, LTO, freebies.
mas malaki lang yung monthly mo talaga sa inhouse

kung gusto naman makatipid, bank finance.
ang cash out mo dito, 20%DP, 1st yr insurance, CM

yung LTO, pwede mo ng ipasama sa dealer, usually, sila na sasagot nyan, tapos yung default na freebies

or pwede mo ding taasan ang DP mo, or piliin mo yung short loan term

[leelou]

^ you will pay for chattel mortgage pa rin unless your car agent include this in your freebie. fixed ang interest rate. in 2010, we got our loan at 7.5% (18 months term, 40% DP) then 2012, 9.5% (2 years, 20% DP). both with BPI.

[gorgeous_me]

mga sisies, may idea ba kayo kung magkano ang computation ng chattel mortgage?

[gorgeous_me]

^lam ko wala namang conflict kapag magkaibang dealer sis
pag same dealer, tapos nagpass yung agent, then nag-apply kayo ng bank finance, ayun pwedeng conflict yun, either lipat kayo ng dealer, or pwede naman na ipalipat yung nagprprocess don sa preferred bank nyo.

pero sa case mo sis, wala naman, iinform ka naman siguro nila

tanda ko kasi dati, sabi ng manager ng bank sa akin, kasi nagpass yung agent, tapos nag-aaapply ako ng abnk finance, lipat na lang daw ako ng dealer, ayun.

ang daming sinabi e no, lol

[_ilovepink_]

^^^^thanks
we were approved with bank financing (PS & EW), and in-house (TFS). Although same lang ang AM, yun DP sa TFS is lower compared sa bank (due to chattel mortgage). Ano po ba possible na magiging problem namin if we go with inhouse financing? same monthly, freebie, lang naman po both bank & TFS.

Thank you.

[iscream]

Hi sisses! May question din ako. Kasi nagtry ako apply for car loan. Toyota Q.Ave yung nakausap ko na agent, sila nagpasa sa eastwest bank ng application and I got approved naman. For that application, I applied for a Vios. Posible pa ba na magpachange ako ng Model? For example Wigo and Change ng Dealer but use the same approval from Eastwest Bank? hehe. sorry newbie lang po. Thanks in advance sa replies!

[gorgeous_me]

^pwede pa din sis, kahit don sa dealer nyo ngayon, pwede kang magpalit ng model, basta mas mababa sa model na napa-approve mo na, so vios from wigo, approved ka pa din, kapag mas mataas sa vios ang kukunin mo, magpapa-estimate ka nga lang ulit, so antay ka ulit ng approval.

kung lilipat ka ng dealer, aun, kagaya ng ginawa mo, papa-approve ka ulit, sila [textspeak!] magpapasa sa bank e, ok lang kung sa eastwest ka ulit ma-approve na ibang dealer.

basta hindi ka pa nagddown, pwede ka naman magpalit ng isip, hehe

[someone]

I just bought a car from one of the popular car brands through in-house financing. A few things I learned:

1. Car insurance is free only for the 1st year. Yung 2nd year onwards ikaw na magshshoulder. It's 28K per year, payable via PDC's for 6 months. Pero sabi ni in-house insurance bibigyan daw nya ako ng discount when that time comes. According to what I signed, you are obligated to have an in-house insurance with them for the entire loan duration. So ayun nagulat ako. Sabi sa document kung di ka papayag, they have the right to disqualify you from the free 1 year insurance. Since nandun ka na at ready na yung car, it would be a hassle to find a cheaper insurance company, mapipilitan ka na lang talaga i-sign.

2. In house financing is way expensive but convenient (19 point something percent). Sila na lahat kikilos for you. Okay na yun sa akin since ang hirap kaya maglakad ng mga documents lalo if you are working. I also think mas malaki ang chance maapprove because they have their ways. Kulang pa ako ng ID pero okay lang daw na to follow. I don't think banks would allow that. In short, di sila mahigpit.

3. I paid 70K down payment pero yung sa document ng loan it only reflected 48K. Ibig  sabihin, komisyon yung 22K. Pero I do have a receipt na 70K binayad ko. Yun nga lang, hindi yun ang nagrereflect sa bank documents.

 4. I did not provide PDC's kasi I found out na the monthly payment will be via auto debit arrangement. I did not know about this until the last minute kasi may pinirmahan akong document stating that. Buti na lang okay sakin yun, it will be really convenient para di ko malilimutan at aasikasuhin since my pay goes to that account naman.

5. Prepare to sign a lot of times! I swear I must have signed my signature for like 80 to 100 times. Nakakaloka kasi I'm one of those na hindi consistent ang pirma. Haha!

6. Kumain ng marami bago pumunta kahit na excited ka. We waited 5 hours. Grabe. Di ko alam if that's normal pero sabi ni SA it's because end of month daw and marami humabol sa November promo nila.

7. I caught my SA lying a couple of times. It takes patience and your own research para malaman ang totoo. In my case I tried my best pero in the end may mga namiss pa rin ako. Lalo na yung item number 1 above. Another was car availability. Sabi available pero twice kami nagresched. Dami palusot pero alam ko na yun. Pati yung sa d/p na 48K lang ang pinasa sa bank instead of 70K. Ang daming palusot pero of course common sense would tell you komisyon nya siguro yung 22K na amount. I also wanted to pay using a manager's cheque pero she insisted after a lot of palusot that I pay in cash. Syempre nga naman, how will she get her commission immediately kung nakacheque.

Anyway, those are my experiences. Not sure if this will apply to others but sharing it in case it becomes helpful to you. 😊