car loan

[nels76]

*nels76: saang bpi branch ka nag-apply? ako kasi sa main branch, ok naman doon. I'm still undecided kung i-push ko na ba yung car loan ko or not. sigh

Ung BPI Branch sa likod ng Enterprise Center.

mga bossing, salamat sa suggestion niyo.
I will apply na lang sa Metrobank.

Update pala: The BPI accont officer talked to my wife yesterday and sabi
kaya medyo alangan sila mag-approve is because wala pa daw kami garahe sa bahay. malaking factor ba talaga ung garahe? Wala pa nga kami but we will do it in a snap once the car arrives.

[docchris]

im not sure if its a big factor pero im thinking it has something to do with the insurance. mas safe kotse if nasa loob? dunno....nung ako client check ang napansin ko lagi tinatanong is if 1 or two storey house ganun...pero its better you have the garage ready kasi mhirap makipark sa iba or sa labas lang.

[Galactus]

I've been in the C&C ndustry for over 10 years, and having a garage as a pre-requisite for approval of a car loan is NOT a big factor. Pero I guess depende sa guidelines ng banko yan at ng approving officer.

Pag may garahe kasi, the car is protected from the elements and vandals, which may affect the depreciation of its value. Pwede rin safe from theft, but that is why you have insurance, so medyo covered ang banko

[devdevlin]

I've been in the C&C ndustry for over 10 years, and having a garage as a pre-requisite for approval of a car loan is NOT a big factor. Pero I guess depende sa guidelines ng banko yan at ng approving officer.

Pag may garahe kasi, the car is protected from the elements and vandals, which may affect the depreciation of its value. Pwede rin safe from theft, but that is why you have insurance, so medyo covered ang banko

chief anu-ano ba kinokonsider during CI para maaprove aside from capacity to pay the monthly amortization?

[randyrivera]

Bakit parang ang dami pang process para maka-apply ng car loan dun sa iba? Nagulat nga ako sa bilis ng approval nila e. Wala akong planong bumili ng kotse, kaso bigla kasi akong inapprove. Kaya tuloy, napabili ako ng di oras, hehe.

It all started out of nowhere, napadaan lang ako sa isang car dealer to kill time, tapos tinanong lang nung agent ang name ko, age, etc... tapos pinapirma na lang ako nung form. The following day a guy from Philam gave me a call then asked me a few questions. Medyo nahihiya pa nga siya dahil parang na-aabala daw niya ako. Anyway after 5 mins tapos na usapan namin.

The following day, my agent called me and told me that I can pick up the car na daw. Ha?? anong kotse? Namasyal lang ako dun kahapon, di naman ako bibili. The agent told me to bring the amount of the downpayment lang and a valid ID tapos i rerelease na ang car.

To cut the story short, so I went there and chose the color, took a look at it, kasi yun na yung actual unit. mas natagalan pa ako sa pag pirma ng sandamukal na papers (contracts, etc., etc.) kaysa sa pag apply ng loan. Given that this is my very first time to get a car loan. I don't even have a credit card where they can base my credit history. Wala din akong bahay under my name. All they did was just call me then na approve na agad ang loan.

I don't know how they based my approval, pero i'm glad that i went home with a new car in 2 days. Everything happened so fast, that my wife asked, "Did we just buy a new car?"

P.S. Ayun, may bonus pa, pinadalhan na rin ako ng credit card na di ko naman din inapplyan. Ano gagawin ko dun? Pambayad din sa car loan? hehe. Gusto yata nila akong pautangin ng pautangin.

[devdevlin]

Bakit parang ang dami pang process para maka-apply ng car loan dun sa iba? Nagulat nga ako sa bilis ng approval nila e. Wala akong planong bumili ng kotse, kaso bigla kasi akong inapprove. Kaya tuloy, napabili ako ng di oras, hehe.

It all started out of nowhere, napadaan lang ako sa isang car dealer to kill time, tapos tinanong lang nung agent ang name ko, age, etc... tapos pinapirma na lang ako nung form. The following day a guy from Philam gave me a call then asked me a few questions. Medyo nahihiya pa nga siya dahil parang na-aabala daw niya ako. Anyway after 5 mins tapos na usapan namin.

The following day, my agent called me and told me that I can pick up the car na daw. Ha?? anong kotse? Namasyal lang ako dun kahapon, di naman ako bibili. The agent told me to bring the amount of the downpayment lang and a valid ID tapos i rerelease na ang car.

To cut the story short, so I went there and chose the color, took a look at it, kasi yun na yung actual unit. mas natagalan pa ako sa pag pirma ng sandamukal na papers (contracts, etc., etc.) kaysa sa pag apply ng loan. Given that this is my very first time to get a car loan. I don't even have a credit card where they can base my credit history. Wala din akong bahay under my name. All they did was just call me then na approve na agad ang loan.

I don't know how they based my approval, pero i'm glad that i went home with a new car in 2 days. Everything happened so fast, that my wife asked, "Did we just buy a new car?"

P.S. Ayun, may bonus pa, pinadalhan na rin ako ng credit card na di ko naman din inapplyan. Ano gagawin ko dun? Pambayad din sa car loan? hehe. Gusto yata nila akong pautangin ng pautangin.

napaka-aggresive naman nto dealer na to, san ba to chief? DP lng binayaran mo? wla na insurance, chatel, at LTO? libre na ba ng dealer chief? i think you were just at the right place at the right time kaya nag-ka oto ka agad. not to mention you already had the money saved up for the DP. ano ba sasakyan to?

[nels76]

Update lang sa Car Loan na inaaplyan ko.

Nag-apply na ko sa Metrobank.
Yup may promo (low interest rate) sila and til Sept 30 2007 lang.

Pero this promo pala has some other requirements:
- Required DP is 30% of the car's retail value
- One Month Advance Payment (equal to the monthly amortization)
- 4 years to pay only.

Angbigat ng initial cash out. halos kalahating milyon kasama na ung Insurance, LTO, Chattel, etc.
Sabi ko puwede ba 20% lang DP and sabi nila papa-approve pa daw.

Now thinking if I really need a car.
Alterra pala target ko for long trips and space consideration.

[devdevlin]

Update lang sa Car Loan na inaaplyan ko.

Nag-apply na ko sa Metrobank.
Yup may promo (low interest rate) sila and til Sept 30 2007 lang.

Pero this promo pala has some other requirements:
- Required DP is 30% of the car's retail value
- One Month Advance Payment (equal to the monthly amortization)
- 4 years to pay only.

Angbigat ng initial cash out. halos kalahating milyon kasama na ung Insurance, LTO, Chattel, etc.
Sabi ko puwede ba 20% lang DP and sabi nila papa-approve pa daw.

Now thinking if I really need a car.
Alterra pala target ko for long trips and space consideration.

chief may exsisting savings account ka ba sa metro? pumayag cla sakin 5yrs (60months) to pay tska in arrears yun monthly amortization.

[nels76]

^^ Meron akong existing account sa Metrobank pero sa ibang branch. different from where I apply for an auto loan.

[puroy]

nels76: magkano interest rate ng metro per annum?