car loan

[1D4LV]

Curious lang ako kung ano banko si MazingerZ...I was approved by BPI but still exploring other options.

Banco de Oro. Imho, they are more bang for the buck than BPI-FB.

for one:

a) they give our free gas although onti lang, pero better than nothing.
b) they give out portable DVD players. i just don't know kung meron pa sila neto.
c) for BPI-FB, medyo mabilis humatak yan. I think their tolerance is around 2 months. Sa BDO, pag nagkaproblema, i know people who have extended their monthly amortizations to as long as 6 months. Baka pag si Maz kausap mo, baka kaya pa nyang i-extend pa. ALthough i don't recommend non-payment of loans as they fall due dahil mataas ang penalty charges, but this flexibility can be handy in times of emergencies.

pero si Maz, medyo tinamaan ng bagyo sa Iloilo eh, last time i texted him, medyo malupit daw ang nangyari sa kanila. kaya medyo naka silent mode.

[xircom]

just a question, talaga bang walang pre-payment option sa auto loan, just like in housing loan?

yung brother ko kasi has 350k outstanding balance sa loan nya. yung payoff amount today is 280k. pero right now, he has excess cash of only 150,000. gusto sana nya ipasok dun sa loan, pero according to the bank no adjustment daw sa payoff amount and outstanding balance. so hindi iiksi yung term or hindi rin ma-lowered yung monthly amortization. yung 150k nya would just be treated as advance payment for the next 2 years ata.

ganon po ba talaga.

[1D4LV]

^^ ganun nga ata. projected income kasi nila yun for the term of the loan.

[Eismann]

Sa BDO ba may flexible terms like 50% DP, 6 years to pay parang sa mga in-house financing? Sayang kasi offer ng Hyundai-Edsa....or yung sa ford focus promo before....although looking at it at completion e mas mura pa din BPI

[1D4LV]

Sa BDO ba may flexible terms like 50% DP, 6 years to pay parang sa mga in-house financing? Sayang kasi offer ng Hyundai-Edsa....or yung sa ford focus promo before....although looking at it at completion e mas mura pa din BPI

you can pay up to 6 years sa BDO. yung DP mo naman, dun mo ibibigay yan sa dealer eh, and the dealer will coordinate with BDO kung magkano pa ang kailangang i-finance.

[shadow]

you can pay up to 6 years sa BDO. yung DP mo naman, dun mo ibibigay yan sa dealer eh, and the dealer will coordinate with BDO kung magkano pa ang kailangang i-finance.

pwede rin sa bank ibayad yun DP, that's what I did...para hinde magulo...

[blueguy]

just a question, talaga bang walang pre-payment option sa auto loan, just like in housing loan?

yung brother ko kasi has 350k outstanding balance sa loan nya. yung payoff amount today is 280k. pero right now, he has excess cash of only 150,000. gusto sana nya ipasok dun sa loan, pero according to the bank no adjustment daw sa payoff amount and outstanding balance. so hindi iiksi yung term or hindi rin ma-lowered yung monthly amortization. yung 150k nya would just be treated as advance payment for the next 2 years ata.

ganon po ba talaga.

I think he should finish na lang the term its useless kasi to pay-off the balance kung he already paid more than half na sa term ng loan....dapat half or less... may nakilala akong nag car loan, 4 years ang term...nagparecompute siya mga 2 years after and paid the balance based on the 2-year computation...and not the 4 years...may rebate pa siya for paying early...mga 50K yata... BDO loan....

[xircom]

actually his loan is a 4 year loan and so far 6 months pa lang amortized. he is looking for something like yung sa BDO you mentioned na may rebate or at least shorter term or lower monthly after paying some huge amount.

[blueguy]

actually his loan is a 4 year loan and so far 6 months pa lang amortized. he is looking for something like yung sa BDO you mentioned na may rebate or at least shorter term or lower monthly after paying some huge amount.

I think he needs to check sa bank where he had his loan....I think banks would accept that...accelerate niya payments niya....

[1D4LV]

i received a text message from MazingerZ just now. contact nyo na lang daw sya if you have questions on car loans...

+ 639203264434