Is This A Good Deal?

**Xeds25** · March 16th, 2010 02:00 PM

Hi everyone, I'm new here and I'm first-time car owner. Just wanted to know if I got a good deal and what other things I need to be cognizant of since I'm buying a 2nd-hard car.

- Car was owned by a relative of friend who is going to the US. It is a Mazda 3 S Black 2009. Less than a year old
- I paid 120K and I'll continue the monthly ammortization of about 16K for a little over 4 years.

Haven't seen the car yet as my friend who is a car-owner is taking care of all the paperworks. He assured me that the car is in good condition, and low mileage.

Here are my questions:

- Have I gotten a good deal?
- What other documents do I need to get from him apart from the Deed of Sale?
- Are there any manuals/kits/package documentation that I need to get from him as well?

Any help would be appreciated.

Thanks,
Xeds

**niky** · March 16th, 2010 06:14 PM

1.6 car? How much did he pay down on it? Should at least subtract 100k from the down. One year old or not, that's still a used car.

**renzo_d10** · March 16th, 2010 06:18 PM

AFAIK.

You could get a BRAND new vehicle from the price you've paid.

Mazda offers low dp for budgeted buyers.

**Xeds25** · March 18th, 2010 02:10 AM

Originally Posted by renzo_d10

AFAIK.

You could get a BRAND new vehicle from the price you've paid.

Mazda offers low dp for budgeted buyers.

Thanks renzo. Yeah, tried getting from Mazda GH, they approved me for 30% down, not the 85k or 20%.

**Xeds25** · March 18th, 2010 02:13 AM

Thanks guys for the reply. Now I know. Sigh...

Actually, I tried to get a brand new 2010 mazda 3, but they approved me for 30% dp.

So, anong papers yung mga kelangan kong kunin sa kanya...

**xander1925** · March 18th, 2010 03:02 AM

Sayang sir, Bnew na Lancer din sana yang budget mo...

**Silvyra** · April 2nd, 2010 07:36 PM

Originally Posted by Xeds25

Thanks guys for the reply. Now I know. Sigh...

Actually, I tried to get a brand new 2010 mazda 3, but they approved me for 30% dp.

So, anong papers yung mga kelangan kong kunin sa kanya...

Check with Mazda Makati...look for Louie (tell him you were referred by Jonas). Good luck!

**dale323** · April 2nd, 2010 07:43 PM

Originally Posted by Xeds25

Thanks guys for the reply. Now I know. Sigh...

Actually, I tried to get a brand new 2010 mazda 3, but they approved me for 30% dp.

So, anong papers yung mga kelangan kong kunin sa kanya...

1) OR/CR na dapat ittransfer to your name.
2) Insurance papers na dapat itransfer to your name also.
3) Car/Service/PMS manual para sa records.

siya na dapat magbayad ng lahat since lugi ka na.

**Xeds25** · March 18th, 2010 02:08 AM

He paid 150K

Originally Posted by niky

1.6 car? How much did he pay down on it? Should at least subtract 100k from the down. One year old or not, that's still a used car.

**dale323** · March 16th, 2010 06:49 PM

Originally Posted by Xeds25

Hi everyone, I'm new here and I'm first-time car owner. Just wanted to know if I got a good deal and what other things I need to be cognizant of since I'm buying a 2nd-hard car.

- Car was owned by a relative of friend who is going to the US. It is a Mazda 3 S Black 2009. Less than a year old
- I paid 120K and I'll continue the monthly ammortization of about 16K for a little over 4 years.

Haven't seen the car yet as my friend who is a car-owner is taking care of all the paperworks. He assured me that the car is in good condition, and low mileage.

Here are my questions:

- Have I gotten a good deal?
- What other documents do I need to get from him apart from the Deed of Sale?
- Are there any manuals/kits/package documentation that I need to get from him as well?

Any help would be appreciated.

Thanks,
Xeds

Sorry but that's a bad deal. 120k plus (16 * 48) = 888k, that's the value of a brand new mazda3. Fine, that comes with the bank interest but still, you could have bought yourself a brand new car with the same grade.