lowest auto loan rate

[Katha21]

I went bank hopping and as of today (3/7/12), this is what i got. All payable in 60months.

BDO 32.02%oma
PSbank 28.49%oma
Metrobank 28.41%oma
Unionbank 42.39%oma
BPI/BPI Family 34.8% not the oma rate though

Happy bank hunting guys!

I Just signed my autoloan at BPI today. OMA rate is 28.41% and 29.5% for in arrears. They also have a "free insurance" promo...which i think made it the best deal.

[xwangbu]

I Just signed my autoloan at BPI today. OMA rate is 28.41% and 29.5% for in arrears. They also have a "free insurance" promo...which i think made it the best deal.

magkano ba sir yung insurance ng BPI? yung isang requirement sa promo nila is:

BPI Family Auto Loan

Clients must agree to renew auto insurance coverage with BPI/MS Insurance Corporation for the entire term of the loan.
.

so kung 3 years duration nung loan, yung last two years dapat sa BPI din yung insurance.
di kaya mataas naman yung premium pag nagrenew?

[Katha21]

magkano ba sir yung insurance ng BPI? yung isang requirement sa promo nila is:


so kung 3 years duration nung loan, yung last two years dapat sa BPI din yung insurance.
di kaya mataas naman yung premium pag nagrenew?

Yup. there is a bond to get insurance from them for the duration of the loan term. I've seen the yearly payment and I find it reasonable. 24K for first year (free) an then 22k, 18k,16k and 14k not exact but around that much. this is for city1.3s AT. I find it reasonable.what do you think?

[xwangbu]

try po nyong i-compare sa mga previous posts (meron sa page 25).
yung mga na-post nung ibang forumers way below 3% nung
vehicle price yung premium. ibang insurance company nga lang.

kung yung price nung city 1.3S AT is 786000 at pagbabasehan yung
premiums nung ibang post dito - yung 24K is over 3%.
ok naman feedback sa BPI MS so i guess ok na din siguro yan.

and don't take me as someone knowledgable RE: insurance
balak ko din kasi sa BPI mag-avail ng auto loan kaya interested ako kung
magkano yung premiums. pero canvass mode muna ko.

[stavros]

Share ko lang ginawa ko technique ng last time nag auto loan ako. Nagapply ako sa bpi, psbank and metrobank. Psbank pinakamababa at 22.65% for 48 months. Ginawa ko tinawagan ko bpi sinabi ko yung psbank nag offer ng 20.65%, binawasan ko talaga ng 2% yung original offer. Tinapatan nila from original offer of 23.75%. Tinawagan ko naman metrobank and sinabi ko na bpi binigay 19.65%, binawasan ko ng 1% from original figure, tinapatan,ulit ulit lang ako pagtawag sa tatlo habang binabawasan ko mga offer nila, ayun nakuha ko psbank ng 15.24% in 48 months.that was june last year. Ganyan technique din ginawa ko sa casa naman, dalawang casa kunyari may freebies na ganito ganyan pero wala naman, every negotiate ko may nakukuha ko freebie na kunyari ibibigay kabilang casa. Sa dami ng mahal na freebies na nakuha ko at sa baba ng interest rate, sulit yung auto loan ko.

[Katha21]

Share ko lang ginawa ko technique ng last time nag auto loan ako. Nagapply ako sa bpi, psbank and metrobank. Psbank pinakamababa at 22.65% for 48 months. Ginawa ko tinawagan ko bpi sinabi ko yung psbank nag offer ng 20.65%, binawasan ko talaga ng 2% yung original offer. Tinapatan nila from original offer of 23.75%. Tinawagan ko naman metrobank and sinabi ko na bpi binigay 19.65%, binawasan ko ng 1% from original figure, tinapatan,ulit ulit lang ako pagtawag sa tatlo habang binabawasan ko mga offer nila, ayun nakuha ko psbank ng 15.24% in 48 months.that was june last year. Ganyan technique din ginawa ko sa casa naman, dalawang casa kunyari may freebies na ganito ganyan pero wala naman, every negotiate ko may nakukuha ko freebie na kunyari ibibigay kabilang casa. Sa dami ng mahal na freebies na nakuha ko at sa baba ng interest rate, sulit yung auto loan ko.

Wow! Galing nito...sayang kabibili ko lang nitong March. I should have known this earlier...Fudge!

[xwangbu]

eto from BPI (sa promo nila ngayon na free first year compre insurance)
mainit-init pa (kanina ko lang nakuha sa manager ng BPI Malolos Branch):

20% DP
OMA:
36monhts - 15.56%
48months - 21.39%
60months - 28.41%

in arrears:
36monhts - 16.48%
48months - 22.38%
60months - 29.5%

antaas nga lang ng insurance saka participation fee. for MS ASX GLX 4x2:
comprehensive premium is 37,247.69
participation fee is 6,375.00

for AVANZA 2012 1.5G A/T
compre premium is 25,800.50 tapos participation fee is 4,340.00

(di ko pa alam kung ano pa freebies na kasama).

[rmsoriano]

Share ko lang ginawa ko technique ng last time nag auto loan ako. Nagapply ako sa bpi, psbank and metrobank. Psbank pinakamababa at 22.65% for 48 months. Ginawa ko tinawagan ko bpi sinabi ko yung psbank nag offer ng 20.65%, binawasan ko talaga ng 2% yung original offer. Tinapatan nila from original offer of 23.75%. Tinawagan ko naman metrobank and sinabi ko na bpi binigay 19.65%, binawasan ko ng 1% from original figure, tinapatan,ulit ulit lang ako pagtawag sa tatlo habang binabawasan ko mga offer nila, ayun nakuha ko psbank ng 15.24% in 48 months.that was june last year. Ganyan technique din ginawa ko sa casa naman, dalawang casa kunyari may freebies na ganito ganyan pero wala naman, every negotiate ko may nakukuha ko freebie na kunyari ibibigay kabilang casa. Sa dami ng mahal na freebies na nakuha ko at sa baba ng interest rate, sulit yung auto loan ko.

sir, mukhang sobra na sa baba yung 15.24% in 48 months. It's actually less than 4% annual rate. Maybe you can PM me your contact person in PS bank para naman makakuha ng lower interest rate rin yung ibang kasama natin na gustong mag-car loan.... TIA..

[999]

Share ko lang ginawa ko technique ng last time nag auto loan ako. Nagapply ako sa bpi, psbank and metrobank. Psbank pinakamababa at 22.65% for 48 months. Ginawa ko tinawagan ko bpi sinabi ko yung psbank nag offer ng 20.65%, binawasan ko talaga ng 2% yung original offer. Tinapatan nila from original offer of 23.75%. Tinawagan ko naman metrobank and sinabi ko na bpi binigay 19.65%, binawasan ko ng 1% from original figure, tinapatan,ulit ulit lang ako pagtawag sa tatlo habang binabawasan ko mga offer nila, ayun nakuha ko psbank ng 15.24% in 48 months.that was june last year. Ganyan technique din ginawa ko sa casa naman, dalawang casa kunyari may freebies na ganito ganyan pero wala naman, every negotiate ko may nakukuha ko freebie na kunyari ibibigay kabilang casa. Sa dami ng mahal na freebies na nakuha ko at sa baba ng interest rate, sulit yung auto loan ko.

*stavros....oks lang yan bro...if you have alot of time ...going over banks...haggling over rates ...if you compute naman konti lang difference talaga....ang concern lang is the quality service of the account officer who will handle your account di ba? what if mura nga nakuha mo..but then ikaw lahat ang mag asikaso..then pagod ka din d b? kung konting bagay lang..then go for it...i assure you..it will be worth it ....

ako isang tawag ko lang sa acct officer ng psbank....inasikaso na nya lahat..actually 1 day lang ..umaga mga 9am, email ko lang ang application form..15mins approved na..submit tru email ang docs..meet up for the signing of docs, payment of total cash out..4pm release of unit...ganun kabilis....

[rap2_tan]

We got our montero * 4.62% for 1 year standard rate at BDO : )

[stavros]

Mababa talaga sir kaya sulit na din. I forgot to mentioned that 40% pala yung downpayment.

If i share yung contact info ng humawak ng loan ko sa PSBank, may malaking chance na malalaman nya ginawa ko and baka magkaroon pa ng issues next time na magloan ako. In a way kase, i just manipulated them to get a lower rate. anyways, i already shared naman yung exactly na ginawa ko, try mo din kung effective sayo.

[rmsoriano]

Mababa talaga sir kaya sulit na din. I forgot to mentioned that 40% pala yung downpayment.

If i share yung contact info ng humawak ng loan ko sa PSBank, may malaking chance na malalaman nya ginawa ko and baka magkaroon pa ng issues next time na magloan ako. In a way kase, i just manipulated them to get a lower rate. anyways, i already shared naman yung exactly na ginawa ko, try mo din kung effective sayo.

Ah ok sir, No problem will tell some of my buddies here about that. BTW, recently got approved with a car loan from a bank and already used it, I did the same what stavros did, haggling from the 3 banks, metro, Ps and BoC. the lowest that I've got is 25.72% from BoC, psBank is 26% while metro is 28%. I think napiga ko na ng husto ang metro and ps just because di naman ako nagmamadali for having our second car, beside ang tagal ko talaga hinintay ang unit from honda dealer. My dp is 35%....amortization for 5 years..

[stavros]

Try mo din chinabank and bpi sir. More banks, more chances of winning este haggling pala. Hehe!

[sagingsaba]

just visited metrobank which has an on going promo. 1st yr free insursnce, deferred 1st month payment two months after, free gas allowance. 4 yr 21%, 5 yr 28%

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[composite]

I hope you could PM me your quotes for RIO hatchback 2012. P838,000. 20% dp. 5 yrs. thanks for your reply.

[tigerbronze]

sir pa quote for honda jazz 1.5 P857,000. Dp P357,000 for 36 mos. sir pm me.
Thanks

[Hazeru]

Hello, long-time lurker, first-time poster here.

From the bank representatives on this thread, I'd like to ask for quotations for the following:

Chevrolet Spark 1.0L A/T (PhP598,000)
Hyundai i10 GLS 1.1L A/T (PhP558,000)

40-50% DP, 24 months.

Thanks!

[onemanga31]

hi all,
guys tanong lang, mag 2yrs na ko sa work this february at yung monthly income ko is 30k net na yan
do you think maaapprove yung loan application ko if mag apply ako?

[lukscudkil]

approvable na yan sir depende na lng sa unit n term na kukunin mo. email mo ko mmherrera*bankcom.com.ph ill be more than glad to assist u. thanks

[999]

hi..

kaya nmn ata.... my cousin got his own city 1.3at ...wala pa 20k salary nya..la din comaker sa bank loan nya..