Where Best To Apply For A Car Loan,

Where far better to apply for a car finance,

One thing I can't really understand is why car financing companies, where the car will be on chattel mortgage, after financing only 40-50% of your car or truck's appraised value, and must be charging around 30-50% compounded monthlly, still require countless documents.

I inquired the other example is that this (for any 10 year-old 2nd hand car).

650,000 - car's value

390,000 - amount financed

166,800 - extra money paid (816,800-650,000)

The car is mortgaged directly to them so they have little risk to warrant the high interest.

So, which lender has simpler to deal with and charges more affordable interest.

Shizuoka, Japan

If you'll get a car loans, you will want to spring for the brandnew car instead, That way your monthly bills just go to cover the car itself, as opposed to dividing it down with the inevitable cost of maintaining pre-owned car.

650k ang value,,,

Not 100% yet pero 98-99 Fieldmaster, 2004 or possibly even longer RAV 4, 2003-3004 Starex. Kung kotse kasi medyo maliit ang space which we require.

Revo along with other AUV naman medyo hindi gusto. Parang di safe sa HW.

Originally Posted by inchyko

BDO mas unti reqts at mabilis magprocess

What will be the normal requirements of BDO,

Bad experience ako sa BDO. Renewal ng rewards card ko a lot more than 1 year na wala pa. The company I used to benefit is the biggest depositor with their branch but yung mga mayari had problems obtaining business loans in order that they transferred their deposits returning to their old bank.

and it truly is safe in highways.

and it really is safe in highways.

Parang manipis ang kaha. But then that isn't the sole criteria for safety. Maybe I'll take think about the innova

Interweb, LoL!!

it's not manipis ang kaha. if you decide on a 1998 car, you're essentially investing in a car which is just waiting to become brought to the junkyard.

AMA Bank has good rates for pre-owned vehicles.

I did refer to them as but the overnight, insular bank ang tumawag sa akin. Is AMA really the lender or an agent, I do feel their rates are kinda high though but honestly, haven't compared with others yet.

How about those auto loan companies advertising significantly lower rates, Essentially, isn;t it exactly like financing in the event you "pawn" your automobile, Or are these pure gimmick, Or maybe racket,

shorter term

higher interest

higher Downpayment

BDO gets the best car finance offer. Di lang ako certain if they accept ten year old vehicles.

Join Date

Sep 2007

James - sorry, cant can recall the reqt as I bought the automobile 2 yrs ago but I did understand that among the financial institutions I was considering (Metrobank, BPI, etc), BDO had the smallest amount of reqt. My officemates attested for this and added they process in a short time so that swayed my decision.

shorter term

higher interest

higher Downpayment

BDO provides the best car loan package offer. Di lang ako certain if they accept 120 month old vehicles.

The estimate-quotation fond of me shows only 20k difference between a 2004 year-old RAV4 plus a 1998 Fieldmaster determined by both creating a 650,000 rate. D/P and term is same.

Originally Posted by inchyko

James - sorry, cant can remember the reqt as I bought the vehicle 2 yrs ago but I did bear in mind among the loan providers I was investigating (Metrobank, BPI, etc), BDO had the lowest amount of reqt. My officemates attested to this particular and added how they process quickly so that swayed my decision.

I guess I better pay BDO, my bank, an outing. Deep inside kasi, I am afraid baka maapprove at mapasubo.

Join Date

Jul 2012

Well, i've got one helpful suggestion to obtain a car loan and that may be Credit union. Get more information because of this website""

Thanks

Originally Posted by JamesVillamor

I guess I better pay BDO, my bank, a call. Deep inside kasi, I am afraid baka maapprove at mapasubo.

Mapapasubo ka talaga jan sir, kasi ako lang nakita ko lang na meron ng Lancer EX 1.6 na variant so nagtingin ako sa sulit ng prices nung Saturday, may nakita akong isang post at tinext ko para sa quotation. To make it short, Monday pinasa nya application and boom! Approved na ako nung Tuesday morning. Hindi man lang ako ni CI ng BDO, approved agad akalain mo yun. Ngayon ang problema ko eh kung kelan ko gusto iparelease yung unit, desisyon ko na lang hinihintay - napasubo! Eh kaso kasi unsure pa ako dahil decided na talaga akong kumuha ng Elantra sana bandang October or November e, eh biglang lumabas naman tong EX na 1.6, paktay!

Join Date

Mar 2002

Originally Posted by Flyunzipped

Mapapasubo ka talaga jan sir, kasi ako lang nakita ko lang na meron ng Lancer EX 1.6 na variant so nagtingin ako sa sulit ng prices nung Saturday, may nakita akong isang post at tinext ko para sa quotation. To make it short, Monday pinasa nya application and boom! Approved na ako nung Tuesday morning. Hindi man lang ako ni CI ng BDO, approved agad akalain mo yun. Ngayon ang problema ko eh kung kelan ko gusto iparelease yung unit, desisyon ko na lang hinihintay - napasubo! Eh kaso kasi unsure pa ako dahil decided na talaga akong kumuha ng Elantra sana bandang October or November e, eh biglang lumabas naman tong EX na 1.6, paktay!

Usually yan sir dahil may good standing credit na kayo kaya walang CI. Kung may charge card kayo na laging bayad and/or financial loan na religiously paid in time, usually wala nang CI yan.

Join Date

Oct 2008

^ I think you're right. Bukod siguro sa madali talaga process nila, eh dahil dun siguro dun sa credit ranking ko. I have never missed kasi sa charge card payment ko, never nagkaron ng penalty, at hindi lang promptly sa pagbabayad kundi sobrang aga pa kung magbayad, maaga kasi sa deadline ang payday ko nagkataon hehe

Sorry na off topic TS.

Requirements for folks:

23 years of age and not in excess of 60 years old at loan maturity

Minimum Gross Monthly Income of P40,000.00

For self-employed, business operating for around 3years

At least two years in current job

QC / Manila

May bank ba na nagaapprove ng car loans kahit kakapermanent pa lang sa new company, I believe my monthly salary is in excess of their requirement. Un manager ko daw naapprove pero sa inside financing ata.

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