Dealer discount and freebies

[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)

[Sarsi]

Another workhorse on sale. A no frills vehicle that will last a lifetime[emoji16]

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