Results 1 to 10 of 12
-
Verified Tsikot Member
- Join Date
- Oct 2011
- Posts
- 293
June 4th, 2012 08:41 AM #1If your company will shoulder the interest of your auto loan, which way to go?
A. Bank financing - lower rates, less freebies? (chattel, insurance additional expenses)
B. In-house financing - can negotiate for more freebies? (free LTO, chattel and insurance)
Let us know your thoughts on this guys.
-
June 4th, 2012 10:02 AM #2
Best thing to do is to get computations for both and add it all up to find the best deal. The dealer also tries to give rates that are competitive with the bank AFAIK (unless you're going after a hot-selling unit).
-
June 4th, 2012 10:14 AM #3
kung shoulder naman nang company yung interest.. eh di don na sa in-house para madaming freebies.. all-in pa. free lto, chattel, yung iba w/ free insurance na din.. so wala nang cash out..
-
June 4th, 2012 10:44 AM #4
Better make sure of your benefits though. Some companies only recognizes the interest schedules from banks as your support paper for re-imbursing interest payments and they do not accredit in-house financing.
If they do both, then choose the one that has more freebies.
-
Verified Tsikot Member
- Join Date
- Oct 2011
- Posts
- 293
June 4th, 2012 09:22 PM #5Thank you for the comments/suggestions.
I don't know if what I'm thinking is right. The main reason we go to bank financing is for lower interest rates? But we'll need to pay chattel, insurance etc.
So if we are going to throw the interest out of the equation (benefit), would In-house financing be considered the better deal after all with free insurance, chattel and can negotiate for more freebies?
-
Verified Tsikot Member
- Join Date
- Oct 2006
- Posts
- 261
June 5th, 2012 06:23 AM #6Can the chattel, insurance, etc. be included in the the total loan amount with the bank?
-
June 5th, 2012 09:43 AM #7
-
June 5th, 2012 09:54 AM #8
Ikaw ba makipag negotiate? Hinde ba company mo na bahala kung saan sila Mas makakamura?
Sent from my iPad using Tapatalk HD
-
Verified Tsikot Member
- Join Date
- Oct 2011
- Posts
- 293
June 5th, 2012 10:17 AM #9
-
Verified Tsikot Member
- Join Date
- Aug 2011
- Posts
- 171
June 6th, 2012 12:29 AM #10Be sure sir sa benefit ah... Yung company ng wife ko ganyan din. Company ang magbabayad ng interest. Pero they have recommended banks. Specific din sa branch and loan agent. If hindi dun kinuha, papasok sya sa personal loan... Ganun din pag in-house financing sa casa. Personal loan din.
Pero kung sure ka naman na i-cover pa rin ng company kahit via in house financing ng car dealer. Dun ka na, kasi marami ka mahihingi freebies. I guess di talaga freebie kasi ang laki ng interest compared sa bank.
Kwento ng katrabaho ko, meron daw sya officemate dati na Italiano na tinanong daw bakit...
Traffic!