Dealer discount and freebies

[maruzen]

Basta ako ang rule ko sa buhay , never mind the discount kung in he future problematic ang transaction . Gasino na yun matitipid mo sa sakit ng ulo.

Pano nangyari na sa dealer ka mag deposit pero sa bangko ka nag loan

Yup that's what I was wondering about kasi the other dealers did not mention this. Is this safe? And is this the current trend now?

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[rsiochi]

Hi new member but long time lurker [emoji1]

Was inquiring at a dealer today for their best price since we will be paying via bank PO. The dealer gave us a better offer than the previous one we met, with the condition that the downpayment be paid at the dealership instead of the bank.

Is this legal and the norm? The previous dealerships we talked to didn't mention this.

Thanks!

For specifics, this is for the Suzuki Vitara. Previous discount was only 30K to 40K but this was the best at 48K.

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Sir maruzen i'm eyeing the Vitara as well. May i know which dealership gave you the 48k discount?

Bank P.O rin kasi ang plan ko pero the the agent quoted me a better deal for their in-house financing but i'm still skeptical about it.

[papi smith]

Always look at the total package, bigger upfront discounts usually mean higher amortizations [emoji5]

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[dr. d]

Always look at the total package, bigger upfront discounts usually mean higher amortizations [emoji5]

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it's not difficult.
all one has to do, is to total the down payment + the monthly gives + other expenses, i.e., mortgage, release & transfer dues. compare total package vis a vis higher DP versus lower DP...
and don't forget the monthly cost of operations: pms, fuel, tolls and parking fees (yeigh! mall!).
heh heh.

if potential buyer looks at only the upfront monies, that's probably a danger sign that they might not be able to keep up with the dela cruzes that easily.

there's nothing free in the auto industry.
but they are very good at squirreling monies under the cushions...

[rsiochi]

Always look at the total package, bigger upfront discounts usually mean higher amortizations [emoji5]

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Thank you sir papi smith

Indeed the monthly amortization on the in-house financing is higher (roughly Php4.5k more) but compared to my current bank's rate (they're giving me 15.9% add-on for 3 yrs), the dealers' in-house financing is still cheaper by Php9-10k in total. Parang na spread out lang yung downpayment pag kay dealership ako nag loan. Normally i understand that dealerships inhouse financing has exorbitant rates, that's why im skeptical about it.

This will be my 2nd car loan on my current bank and im wondering if i can haggle the bank's rate or just settle with the dealership's offer since its cheaper (i just dont know what their catch is)

[prish]

Sir maruzen i'm eyeing the Vitara as well. May i know which dealership gave you the 48k discount?

Bank P.O rin kasi ang plan ko pero the the agent quoted me a better deal for their in-house financing but i'm still skeptical about it.

Planning to buy a vitara also. Suzuki araneta gave me 60k discount kung kukunin ko in cash. Is that a good deal or pwede pa?

[minicarph]

Planning to buy a vitara also. Suzuki araneta gave me 60k discount kung kukunin ko in cash. Is that a good deal or pwede pa?

squeeze mo pa, grabe ang deals ngaun kahit saan, mapa-food, rtw. wala gano gumagasta, kasi all preparing for the vacation and syempre instagram.

[ironman06]

Planning to buy a vitara also. Suzuki araneta gave me 60k discount kung kukunin ko in cash. Is that a good deal or pwede pa?

End of 1st quarter so squeeze it bro! Get a quote from different dealers, then "ipaglaban laban" mo offers nila until tapatan nila isa't isa. Since end of quarter, they're more willing to give discounts just to meet quota

[dr. d]

End of 1st quarter so squeeze it bro! Get a quote from different dealers, then "ipaglaban laban" mo offers nila until tapatan nila isa't isa. Since end of quarter, they're more willing to give discounts just to meet quota

yes.
you won't get far by just demanding tawad.
you can get far by showing them that you can get a better deal in the other showroom... "but i won't bother to cross the street anymore, if you can match their deal... win-win situation tayong pareho..".
you might also get additional discounts by manipulating the freebies.

[ironman06]

yes.

you might also get additional discounts by manipulating the freebies.

Lalo na if naka Excel/Word file format yung quotation hehe.