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  1. Syuryuken's Avatar
    Syuryuken
    Syuryuken is offline Tsikot Member Rank 5
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    April 5th, 2013 11:36 AM #1
    As high as 28% afaik
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  2. Retz's Avatar
    Retz
    Retz is offline Tsikoteer
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    April 5th, 2013 11:40 AM #2
    Just to give you a ballpark figure on STD rate of BDO insurance for brand new cars: 3yrs 16.05%, 5yrs 28.02%. You could compare it from there for used cars.
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  3. rflores
    rflores is offline Verified Tsikot Member
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    April 5th, 2013 11:53 AM #3
    Thanks for the reply guys and sharing what you know.. Here is an example from BPI.

    TERM BNEW USED
    18 months 8.14% 14.35%
    24 months 13.23% 21.05%
    36 months 19.66% 30.15%

    Cguro ang question ko is, is it also as flexible as BNEW rates knowing that BNEW rates ay pwede tawaran. AFAIK, BPI can go 17 or 16% pag 36 months term diba? So that's allmost a 4% decrease. Yun Used Rate kaya pwede bumaba ng ganyan?
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difference of loan rates for used car and brand new