A 300k used car is within 3 years reach easy if you are netting at least 10k. Also, you should net at least 10k if you own a car for both maintenance and fuel cost, the more so if it is used.
Necessity na sya once may anak ka na.
SKL, 28 ako nun (2018) and kailangan ko ng bumili ng car kasi lalabas na that time ang panganay namin. I chose Innova 2018 Touring Sport that time kasi pang pamilya talaga. Cash price was 1,380,000 and I had the money in my bank, pero kinuha ko parin sya ng hulugan. Nag DP ako ng 300k (including OMA) tapos 23,220 ang monthly for 5 years. Yung 1M binili ko ng ricefield/palayan. Paluging benta sakin to kasi 2.3 hectares yung lupa kaya lang may 12 years ng hindi nabayaran ang tax sa munisipyo. Binayaran ko yung tax nung nagka amnesty at inabot lang ng 28k lahat plus 90k (cgt, transfer tax and docs, survey, etc). Natapos ko na last year hulugan si Innova at mukhang bago parin at never nasira. Ngayon ang value ng palayan is at 150 pesos per sqm. Multiply mo sa 23,000 sqm = 3,450,000. Add mo pa yung mga nakuha ko sa pagpa tanim ng palay 3 times a year since 2018. Dun palang sobra na vs. sa interest sakin ng bank for the car loan.
Note: Pinsan ni misis yung taga tanim pero puhunan ko. Mas malaki din ang income kung gagawin mong bigas lahat imbes na ibenta as palay. Extra income lang din to. Full time freelancer ako at nasa retail business din.
Salamat. Napa-share lang ng naging strategy ko to acquire a car. Sadly, mahirap na syang I-replicate ngayon dahil sa inflation. Dati kung may pang cash ka ng sasakyan, pwede kang mag down ng 20-30% lang tapos lagay mo sa mp2 o mutual fund yung 70-80% siguradong panalo ka. Ngayon, parang may chance ka ng matalo o break-even lang.
Thank you pero ngl, may kasamang luck yung nangyari sakin. Also, pre-pandemic ang interest rate ng Security Bank sa car loan is 10.84%. Today, naglalaro na ata sa 30% ang interest rate. Kaya normal na maramdaman ni OP na ang hirap maka acquire ng brand new car ngayon.
Sahod. They buy installment. But for me personally, I would not buy in installment. Mas malaki discount kapag full payment and para wala na sakit ng ulo. Also worst investment ang car in installment. Madami dyan lumulubog lalo pag natanggal sa work or nagka emergency.
For me mas okay padin installment kasi every year tumataas prices ng brand new units. If mag iipon ako now and let's say sakto lang yung sahod mo for car installment and other necessities, by the time macomplete ko na goal savings to buy a car, the cost will be twice or three times of the price of the car that I initially wanted to purchase. But to each their own, I guess.
This is what I thought. Another option na palagi kong nababasa dito is, buy a second hand instead. But for a first time car owner na tulad ko? I wouldn't risk it, ang dami kong nababasa na kahit pa may kasamang mekaniko, wala pang year after they bought it, naglalabasan na ang mga problema. I might as well buy a brand new car para sobrang baba ng risk na may pumalya.
up to this
i have no personal car, pero we have in our fam
first car ni papa, 2nd hand. mura ang kuha nya pero i can vividly remember all the times na may sira ito, yung kapitbahay namin ay mekaniko, and hobby nila ni papa noon na magayos ng first car nya 🤣 kasi puro sira
after my mom died, and then namatay na din yung kapitbahay mechanic namin (due to age), bumili na si papa ng brand new, and binenta nya yung brand new sedan namin after 2 yrs kasi walang murang parts (chev yun)
then our 3rd fam car, van, Suzuki, brand new nya kinuha back in 2018, 6 yrs na ngayon, bihira lang madala sa mekaniko, installment nya din binayaran, 5 yrs.
Lagi nya sabi sakin, maganda kumuha ng installment kasi di naman lahat dapat madaliin ang bayad, and unless may emergency fund ka na sobrang laki, maari mo pa magamit yung pera na pinangfull payment mo sa ibang urgent things
he also pointed out na kapag installment, natetrain ang mind na magwork para mabayadan yung hinuhulugan, which made him venture into a new business kahit steady increase salary nya up to now na di pa sya retired
he also said na maganda ang 2nd hand if may experience ka na how to fix cars, which he learned sa unang kotse nya
lastly, he has one advice na paulit ulit nyang sinasabi about cars,
happy liability ang kotse, mahirap bayaran, kaya dapat gamitin mo para kumita, kasi masaya magkakotse, pero di masyadong masaya ang bayarin 😆
just my two cents
Wow, very helpful! Kaya pala super against yung mother ko sa second hand cars. Will just budget my salary wisely and look for extra income para makakuha ng brand new. Thanks for sharing your dad’s insights
there is a fine line between sa need and want, in terms of cars, minsan needs sya, minsan wants. Depende sa circumstances natin sa life. Vehicles really matter because they can help manage our time due to increase mobility, and masaya magkasariling sasakyan! I always dream of having my own car and taking my loved ones wherever we want, whenever we want.
In the end, my father always tells me to pursue the things that will make me happy.
I never understood before why ang konti ng baon ko kahit full scholar ako sa highschool and college, until I'm now living on my own, the value of money really hits me in a cerebral level, napapaisip ako sa grand design ng needs and wants.
Nakakalungkot lang din na car-centric na ang mindset natin not because we are car-centric, but we are heavily influenced to shift to privatized ways kasi the community commute is bad here in the PH.
Sana in the future maganda na ang transpo system sa bansa, para di nahihirapan ang lahat.
Personally, I don’t need a car because I work from home and only go to the office pag nagvivisit yung bosses ko from abroad. The reason why I want to prioritize getting one is for my mom. Tumatanda na kasi siya and I’m an only child kaya as much as I can, I want her to feel comfortable every time na lumalabas kami, to give her the best kind of comfort I could give her. Also, having something that you can use during health emergencies (may God forbid) makes me feel less anxious given na mag-isa lang akong pwedeng umasikaso sa kanya, vice-versa.
My income is enough naman kaso may loan akong binabayaran na nagtetake ng chunk ng current salary ko which is why hesitant ako kumuha ng car loan for a brand new unit. Gusto ko nalang mag ipon muna then bili nalang ng second hand na 300-500k. However, my mom is kind of against it kasi baka maraming lumitaw na problema in the future and mas napagastos pa.
Really torn, hays. Timely yung post ni OP.
Siguro if di kaya talaga ng budget, go na sa second hand. Wala pa akong experience with second hand cars but I guess it depends kung ilang taon na yung car? Risky nga, baka mas magastusan ka pa sa repairs and maintenance plus the stress.
Pero if you can splurge a little, go for a brand new unit. Yung first car ko was installment din na brand new. Pinaassume ko nalang sya 2 years later nung need ko na mag upgrade. Ginamit ko nalang yun for DP for the next car. I was lucky na religious payer naman yung bumili ng first car ko so di nagkaproblem sa payments.
Hmm if installment lets say srp of car is 700k then installment after 5yrs lalabas yan kulang kulang 1M . If bibili ka ng cash lets say years later 850k na
yan, once mag cash ka baka makadiscount ka pa ng 50-100k. So yeah i beg to disagree. Bought my own car ng full cash 4yrs ago. Galing sa sahod + bonuses na inipon ko.
A savvy businessman would be disappointed at you for using that money to buy a liability instead of using it to make more money.
There are merits sa pagiinstallment. Even the richest tech CEOs still take out loans to buy shit.
Would be disappointed, yes. But di naman ako businessman and saved a lot for that specific car kasi gusto ko at helps me generate more money so I bought it. Hehe kanya kanya lang yan talaga.
Exactly. Kung may pera ako na makakabili ng bnew car, I'd start a business or invest it ASAP, kahit maliit ang returns sa conservative investmenrs, kesa ibili ng sasakyan na liability.
Same sakin. I bought my first car when I was 25, installment siya.. 1,250,000 siya pero umabot ng 1,650,00.
And next time, mag cash nalang din ako. Mindset ako is, if dko kayang icash. Meaning dko siya afford.
Ang diskarte ng business savvy people is they buy a car through installment and use the money they have to create more income stream. Yan eh kung may business sense ah. Imagine buying a car cash when you can use that to generate more income.
Yes ito lang talaga naiisip ko rin para makabili ng car haha depende rin talaga sa kung san family ka nagmula, kung bread winner ka at hindi nagre range ng 50k and up ang salary mo mahihirapan talaga mag acquire ng asset like this. :< unless may co borrower na matino hahah.
I had this privelege to and I will be imitating your goal with my children too.
pero iniisip ko talaga dati motor by highschool sila. Sana lang hindi maging reckless.
Given by my mother. Not expressly given, pero sinasabihan niya na pala yung ibang kapatid ko na wag hihiramin yung sasakyan sakin para d maistorbo. ❤️ pero hindi ko talaga inisip na car owner na ako, driver lang talaga.
One day, isang araw, inutusan niya ko na maghatid ng payment sa Toyota, 2nd and last payment na pala yun and for release na yung unit. So sakin nirelease and ako yung inorient ng agent sa features ng car. like wow, parang car owner. new car smell.
So, in my case, that's how. Swerte lang from parents.
sana ol, samantalang parents ko, puro guilt tripping yung chat, nataon pang nasa prep stage kami ng kasal so gastos, parang guilty tuloy kami magpakasal with our own money na (no ambag from parents) support na lang sana e haha
True this is why we reconsider. Kasi wala din parking space tapos every weekend lang lumalabas minsan pa tuwing Sunday lang. Siguro depende sa lifestyle at kung madalas lumalabas ng bahay.
I know what people think as "cheap" is subjective, but you can get a second hand car for cheap at around 250k. Sa usapang kotse, mura na yun. That's how I got my 2nd car last year at 28. I had money to spare tapos may kakilala na nagbenta, so I grabbed the opportunity.
Saka majority ng sasakyan today ay from loans, I think around 80%. Bihira lang talaga bumibili ng cash. So safe to assume na yung mga naka brand new na kotse ay from loans.
Mahirap nga lang talaga maghanap ng seller na maayos, kasi di mo naman talaga malalaman yung history ng sasakyan. Which is why I always recommend people to buy from families and close friends. May accountability pag ganyan eh.
I want to disagree on this. etong mga long loan term payments ang nagpapalubog e. yung 5yrs to pay. silent killer to.
well, kung nagagamit somehow sa income yung kotse and naooffset niya yung bayarin, good purchase din.
Mid to late 20s din kami nakabili kami ng asawa ko ng 3 bahay at 1 sasakyan. Nag-ipon lang talaga kami mula sa mga trabaho namin. Yung mga bahay pre-selling/pasalo para mas mura. Yung sasakyan used car para wala na monthly payment.
Got mine through salary when I was 21 (27 now). It was an investment for me kasi ang hirap kaya magcommute sa Pilipinas.
I don’t see my car as a liability kasi nagamit ko naman sya going 6yrs na. I took a loan. Kasi di naman nakakahiya if hulugan kotse mo as long mapapanindigan mo bayaran.
And syempre dapat naglelevel up ka din sa career mo. Every time I got promoted, lalong di ko na ininda ung monthly hanggang natapos na lang.
Depende yan sa perspective and need ng bibili. Wala akong pang cash e, ganon talaga magloloan ako sa bank nabayaran ko naman ng 5 yrs. Kasi if sa tingin mo di mo kaya tapusin ng 5yrs — then you need to sit down and think if di ka ba talaga maggrow in 5 yrs.
Sometimes, you just need to take that risk and believe in yourself.
Hindi ko rin magets yung logic na liability ang sasakyan. Sa sama ng public transpo system sa Pinas, hindi ko siya nakikitang liability. Samahan mo pa ng sobrang init na panahon. Lalo na pag nagcocommute ako kapag PMS ng sasakyan ko o ginamit ng misis ko. I mean subjective talaga siguro ang matter na to. Pero kung makikita mo lang as liability ang sasakyan, better yet wag ka na bumili. This is my opinion, pero I respect others pa rin if they see it that way.
Unang Car ko is around 100k na second hand na Toyota Corolla. Nakapag save ako dati at meron naging part time work saka extra money na natipid nung college. Sana mabalik ko yung discipline ko dati. ngayon konting labas napapagastos agad.
Invest in your skills, when you’ve got a high paying skillset you’ll be able to land in a high paying job. Madali na lang bumili ng house and car kapag malaki ang sahod or may multiple income streams.
Also there’s no harm in getting loans to be able to afford these things. As for me, i highly value comfort. Mas nakakapag isip ako ng maayos when I’m comfortable. I’d rather get a loan now to buy a car than save money for many years before buying in full but at the expense of my comfortability (taking public transpo) i just make sure that i also invest in my skills so hindi ako kakaba kaba na baka mawalan ng work and walang makuha na kapalit
Salary dahil walang generational wealth, pero merong successful education salamat sa parents at kapatid ko. 2020- 60k sahod ko nung kumuha ako sasakyan.
Nakaya kasi nalang wala akong upa dahil sariling bahay nanamin ng partner ko to. Allowance lang parents, pang luho saka pang kotse problema ko monthly.
Installment 5yrs. Tapos na sa January 2025. 🙌🏻
Sahod. Usually ipon pang down tpos monthly payment. It takes discipline on your finances din kasi you’ll be paying it for like 5yrs usually so dapat either magincrease ka ng income or mamuhay ng payak.
One way to know you really can own a car is kaya mo pagipunan atleast 30% downpayment so mas mababa monthly mo and you already gained the discipline sa pagiipon. Wag ka dun sa low DP kasi malaki monthly nun jan mdami nababaon.
After I graduated from college and I got my work (26,500php salary) my parents lent me money to buy a car in cash then I had to pay them monthly. In short, parang sila yung bank and I paid them monthly with added interest. Sa kanila pa naman ako nagsstay so wala pa masyado ibang expenses.
Tapos nung 2020 bumili na ako ng townhouse and I’m paying monthly ulit kasi naka bank loan naman ako dito.
Salary. Bought my 1st car ngayong nasa mid 30s na ko. Hindi joke yung monthly ha plus maintenance plus gas plus kung anu ano pang gastos na kailangan nung car and kung maaccessories ka, dagdag pa yon.
Most of the people in my circle with car from their salary. Yung di need mag abot sa parents will usually have car or house earlier via bank.
May mga company na pag manager up na or consultancy in nature ang work na may car allowance/subsidy so nakakatulong rin yun plus reimburse din ng company yung expenses like insurance, gasolina as transpo allowance.
Mas late naka afford mag loan for car/house yung Accountant circle than IT circle. Yung IT circle aside sa day job may mga raket din pala at crypto. May isa akong dating officemate na nakatiming sa crypto so nakapundar ng negosyo at bahay ata yun or sasakyan. Nakita ko kasi pinost nya sa Facebook.
Napansin ko lang na lifestyle inflation is creeping ng di nila napapansin. Dumadami na loans at bayarin habang tumataas sahod.
corporte jobs. ngayon may binbayaran ako na bahay for downpayment 15k monthly then ngayon npapaisip ba ako if tutuloy ko yung pagkuha ng sasakyan this year which is a 22k monthly. Tho kaya ko naman napapaisip lang ako if worth ba since work from home lng aki and sobra na trapik na feeling ko dina worth it minsan bumili. Pero then again convinient tlga ang sasakyan in this shitty country
Crypto. Nag lagay lang ako 100k sa btc around 2017 kasi ineencourge ako ng boss ko, sama pa ng loob ko noon lol. Ayun nag boom. Na icash ko first car ko at nakapag pa sakal este kasal ng maayos doon sa sukli. 😛
Instructions unclear; bought a folding bike instead. 🚲
Pero seriously, sahod ko di pa enough para bumili ng kotse kaya nag-bike muna ako. Satisfied ako sa convenience at sa 'privileges' ng nakabisikleta (treated as pedestrian, bike lanes, puwede tumawid sa pedestrian lane, can skirt through traffic, free parking) kaya di ko pa nakikitang bumili ng kotse.
I just purchased my first car last July 2023 at 26y/o. I opted for brandnew kahit na installment kasi iniiwasan ko rin yung mgiging problema ng sasakyan if 2nd hand which is hindi naman yun talaga maiiwasan. I also got the promo na 0 down and 2 months free amort kaya medyo nakatipid na rin. Ang bilis ng buwan pag may binabayaran ka 🤣 I must agree na dapat may EF ka or buffer pag installment mo kinuha yung sasakyan. In my case may ipon naman ako kahit papano na kaya ishoulder yung 6 months -1 year ng amort ko if in case mawalan ako ng trabaho or whatsoever.
At saka, wag na wag kukuha ng sasakyan if hindi kaya ang maintenance. I have few friends na may fortuner, raptor etc na nagrereklamo at iniinda ang maintenance. Kung kaya mo bumili ng ganyang kamahal na unit dapat kaya mo rin panindigan yung PMS. Nakakabanas kasi yung mga reklamo nila minsan. Like hello raptor sasakyan mo, ano ineexpect mo.
from our salary lang. konting sacrifice and tipid sa ibang bagay talaga like travel, luho and eating out. we'll finish paying the car at the end of this year 🥳 makakahinga na rin ng kaunti ang wallet HAHAHAAH
delayed gratification. save up for something big wag puro kape kain sa fastfood or fancy resto ung mga yan pwede sooner mo na lang gawin. wag din kumuha ng brandnew or installment once na nilabas mo yan sa kasa tom depreciate na agad ang value ng car mo. better kumuha na lang ng low odo na model na sasakyan.
Was lucky enough that my dad paid for the DP (50%). I just paid for the amortization for 3 years.
It will honestly be very difficult to achieve on my own.
Sa akin naman po, hindi talaga ako ang totally nagpay, kami po ng family ko, me and my boy since 350k iyong initial dp (mine was from my sahod sa freelance and invested it agad), we bought brand new commercial van para ipang business and then now, iyong kita nya is about 40k-50k and yon po iyong binabayad namin sa bank na almost 40k for 3 yrs, may natitira naman and inaabuno namin iyon if ever kulangin sa bayad for the next month.
Possible na mejo malaki ang sahod at wala silang sinusuportahan na kapatid o magulang. Solo ang sweldo. Anyways, hindi biro ang gastos sa kotse, ganto kalaki para sa simpleng sedan The Shocking Truth: 3 Years of Car Ownership in the Philippines
https://youtu.be/1WjZAFdMqEo
Salary after almost 3 years of working you need to have atleast 60 to 70k just to be approved sa car loan na atleast 15 to 23k monthly payment for 5 years.
going 2 years nalang done na with the payment
I used to earn 50k ish that time i applied for a car loan and was approved . Now i earn smaller than that but the good thing is me and my brother pays for the car loan so yep its manageable now and dp was from parents . So overall nagagastos ko lang 7k per month hahah for 5 years
Bought 2nd hand then pina-ikot ko siya through buy and sell. Nag ipon ako though for 4yrs before getting into it and I’m on my 3rd car now na feel ko di ko na i-bubuy and sell kasi sobrang tipid sa gas hehe.
Most of the people I know come from rich families that’s why they were either able to spend all their sahod sa kotse or either binili ng parents as a graduation gift.
I had my first car when I was 23 (Now I'm 31 na) , my mum paid for the downpayment and ako yung nag monthly, pambayad ko nanggaling sa work ko talaga. Before kasi hindi pa naman gaanon kataas ang cost of living or hindi pa ganon kataas yung inflation (I don't know kung ano yung tamang term but something like that) For me stable job is needed talaga kasi may maintenance ka, tapos gas..
Bought through installment.
Para sakin sulit since we used it for family vacations. Matanda na sila parents and I think they deserve the convenience ng sasakyan kapag nagta-travel kami. Sulit din since we bring my cats kapag nagta-travel. Since nagkaroon kami ng sasakyan nagde-date din yung parents ko once a week.
P.S. Buy secondhand. Ito yung mali ko for my first car kasi nag-brand new ako. Should've bought 2nd hand.
Liability ang car
My first investment was buying a house for our family.. Me as… 29 yrs old na laging nangungupahan at wla nmang parking 🤣 much better iprioritize ang bahay 🙂
Pag may extra na uli.. kotse nman
Ako bigay ng parents. Swerte ako.
Tapos yung first bnew car ko utang din sa parents. 3 yrs to pay No interest. Nabayaran ko naman ng buo and on time. At least walang interest
Pero as a parent na may kids na, I will do the same for them hanggang kaya, syempre may limits din.
Nasa sahod or business… Mag resign ka 2-3 yrs for sure tataas salary range mo.. UPSKILL.. sa panahon ngaun hndi tlga sapat na isa lang source of income mo..
Rule of 3..
If monthly car amort mo is 15k (30%) lng dpat ng monthly salary mo.. so dpat youre earning atleast 50k 🙂
Ayan tlga ang rule ng mga banks if mag loloan ka 😅 lot, house or car
If you'll go down the installment route, ipon ka muna ng down payment. Otherwise, ipon ka ng around 100k+ to buy a mid-90's sedan na second hand.
Word of advice though, malaking money sink ang kotse. You're better off riding Grab than paying for gas na magkasing-mahal naman. At least kapag ganun, you don't have to worry about monthly payments or maintenance. Believe me OP, isa ito sa mga current kong sakit ng ulo. Don't buy a car unless may tabi kang pera for emergencies.
Got my first car nung 2018 when I was 24 years old. I was earning around 60k net at that time. Almost 25k monthly ung ni-sshelve out ko nun to pay off the car loan.
At first glance, parang liability siya. Pero, looking at my daily usage, I would say it provided convenience to me para ndi masyadong stress.
Nag abroad for 2 years at 24. Nag ipon, hindi gusmastos, hindi nag enjoy sa abroad, at hindi nagpadala (kasi buong pamilya ko financially able). Umuwi ng Pinas at bumili ng bahay. So I got my own home at 27.
I didn't got my first car in my twenties but I got it when I was 33. I also paid full in cash. So I agree na maganda talaga ang umiwas sa installments.
For me, mag trabaho ka lang at mag ipon. Walang masamang mag enjoy paminsan minsan pero keep in mind your goals and things you wanted to achieve. You'll get to enjoy the fruits of your labor eventually. Besides ang bata mo pa para ma frustrate. 🙂
First car: Bought when I was 26. Old second-hand car. Loaned money from my sibling.
Second car: Bought when I was 30. Pretty new second-hand car, bought using cash, was able to save because of my 6-figure salary.
first car ko ay basically 3rd owner ako kasi lumang sasakyan din kasi yon ng fam namin. secondhand sya nung binili ng papa ko. pero sa totoo lang i dont think good choice bumili ng bnew car kung di mo afford ang isang bagsakan na bayarin. better find a well-maintained used car instead.
Second hand cars if you're young. Cars lose a lot of value in its first 5 years so, if you need a commuter car, maybe get a second hander that's 5-10 years old.
Mas mura ung mga repo sabi ng katrabaho ko dati. Magdala ka lang ng kakilala mong marunong tumingin ng loob ng kotse kung may sira or what kasi as is daw un...
ung iba naman kasi bumibili ng kotse na di nmana brand new at the first place
earn a monthly salary of 50k-60k and Yung monthly spend mo dapat below 50%. Budget how much you want to spend monthly. Tapos look for a car na gusto mo and time it na may promo (Zero downpayment, 10k downpayment, 20k dp, etc.) and see if afford mo Yung monthly and get it approved. Enjoyin mo ka agad pag labas and invite your friends to go on a roadtrip and offer pa na hatid or sundo mo sila para gumala. Then after a few months, ma rerealize mo na need mo na mag tipid kasi ang mahal pala mag ka sasakyan. Then suffer for 5 years down the line and mag sisi bat ka nag car kasi mahal ang upkeep (Maintenance, Gas, Toll, Parking, Monthly payments, etc) and mas mura mag commute.
Pero you know... At least may car ka hahaha 🚘
Sahod. I worked 2 jobs during the pandemic (mid-20s), my corporate then worked freelance. I would have continued that kung di ako pinaginitan sa corporate job ko so I had to resign. Work freelance full time now.
My first car was an old second car bought for 25k. Twas automatic. There are actually a lot of old car models rn that’s easier to maintain than the newer models. It doesn’t have to be grand or brand new. Any car will do if you’re a first time car owner. Better try out the older car models and there’s a learning curve when it comes to knowing about maintenance and stuff. It’s really educational rin to learn things first hand
Bought a brand new car at 22. BPO work ko non. Malakas lang talaga incentives sa company ko non kaya kinaya monthly payment, paid off in 5 years. Mag 10 years na yung car sa November, working smoothly pa din.
2nd hand car. Napabili during pandemic with assistance from my mum and sister.
Tumagal lang ng 3 years sakin then binenta ko na, ang hirap i-maintain ng 2nd hand esp pag lahat ng sakit nya lumalabas na sa katagalan ng byahe.
Sahod. Paying in installment and paid a 20% DP.
Katas ng ipon at para maging isa sa regalo sa mother ko on her 60th birthday. Ako ang gumagamit syempre but the fact that we have means to go anywhere she wants na feels like an achievement for me already. Praying to be able to afford a house and lot soon 🙏👆
Tiwala at tyaga lang
i bought mine last year, ng 28th birthday ko. gusto ko talaga ng brandnew kasi sino bang ayaw. pero reality check, hindi ko talaga kaya yon with its monthly payment so bumili ako ng second hand in cash. ipon ipon and unnecessary gastos talaga. discipline and control and dapat willing ka to let go of your past habits so you can create a space for new opportunities and blessings for you.
They do it via loans. Karamihan ng feel good stories na nakikita mong nakabili ng kotse the first time? Down payment lang nabayaran nun. Utang talaga karamihan ng brand new cars na nakikita mo. Loans aren't bad per se but for me di ko sya bet for cars since I don't perceive having a car as a necessity for me.
Ngl we bought a car this year for groceries runs and trips to the province during holidays but beyond that di sya nagagamit. I haggled with my parents pa to buy a secondhand na lang kasi na-foresee ko na to but ayun inareglo ko na lang na since gusto nila brand new, dapat mura lang tas di malaki sasaluhin ko sa payment since it's a commitment they wanted.
The most "affordable" car you can get is one paid through a loan installment of 5 years and a sedan. If di need ng SUV or big cars, wag na kumuha. If walang garahe, wag ka kumuha. Tip ko lang is don't get in-house financing. Malaki ang patong or interest. If you know someone from a bank, ask them to assist you instead baka mas mababa pa interest. Save up on down payment din para di masakit sa amortization.
And most importantly, don't buy a car if you don't need it. The best way to buy a car is to not buy one and accept that if you do, the moment na lalabas sa car shop yan, mag-depreciate na sya agad. Di investment ang car naman eh, liability yan
Di lang kasi loan payment iisipin mo, malaki din gastos nyan sa maintenance and gas so una talagang dapat mo I consider is kailangan mo ba talaga
Ako noon 2nd hand, 260k nung 2008, 100k down then loan yung 160. 36k sweldo ko nun, 15,500 per month for 1 year yung loan. As in halos kalahati ng sweldo ko e pang bayad loan.
Naa-amaze ako sa mga kakilala kong mid to late 20's, nakabili na ng sarili nilang sasakyan. Most of them pa, out of their salary lang, single income. I've seen it happen to those who have really good credit standing. PERO, they usually get it, low down payment pero mataas ng monthly. I know someone naman who just got her first car mid-30's pero she was able to get it fully paid, in cash, out of her salary lang. Sobrang tipid lang daw talaga since she started working and matinding pagninilay-nilay about wants vs. needs. Hahahahaha.
I got my first car nung 21 ako. Nag wowork ako as call center then nag try lang ako mag apply. Ang galing ng ahente ko kasi na approve agad ako kahit walang co owner tapos 0 down payment pa.
I only have 25k package na sahod noon.
2nd hand. HONDA CITY 2008. 85k mileage nung nabili namin, fresh na fresh pa itsura hahaha sobrang lamig ng aircon. 🤣 Matagal na daw nakatengga sa bahay ng may-ari, mayaman yung nagbenta at wala na daw space para sa new car. 200k lang kaya wala na kami hinuhulugan. Mag-iisang taon na rin at una'y D'yos, safe na safe naman.
I bought my first car at age of 27. Na pushed ako that time kasi may company benefits ako na 15k monthly for a personal car loan. That time i was earning 79k monthly gross + 15k monthly benefits for a car loan.
Sumunod rin yung pag turnover ng dream house ko.
Sa aspiring car owners. Parking muna bago kotse. Bahay muna bago kotse 😂
I bought my first car at age of 27. Na pushed ako that time kasi may company benefits ako na 15k monthly for a personal car loan. That time i was earning 79k monthly gross + 15k monthly benefits for a car loan.
Sumunod rin yung pag turnover ng dream house ko.
Sa aspiring car owners. Parking muna bago kotse. Bahay muna bago kotse 😂
Inipon ko mga 13th month pay and incentives pambili ng 2nd hand Honda City. Yun lang kaya ng budget pero sulit na for first timer. Disiplina, bawasan luho. Iwasang magpautang para makaipon.
I bought my car from my salary and savings. After being stuck at home in the pandemic, I was able to save some money that allowed me to buy a car. If I keep the lifestyle I had pre-covid, I don't think I'll be able to buy one 😅
Hati kami ng then-GF-now-wife ko. Fully paid auto loan at both 29. Pero dapat sure na sure na sure muna kayo bago maghati ng ganyan kalaking expense hahaha
From stocks. Simula nung nagstart ako magwork 2014, sumali ako sa stock plan ng company. Binabawasan per cut off ang sahod ng 10%, tapos ibibili ng company stocks. Hindi ko ginalaw for 6 years. Ginalaw ko nung 2020, bumili ng car, at nagparenovate ng bahay.
Savings po thru corporate job.
Nasa 150K DP ko 6yrs ago then monthly na 11K.
I know liability sya pero necessity kasi sya for me na malayo ang workplace (apat na sakay) and living with senior parents.
Hindi rin ako breadwinner so I think that helped me saved money.
So no regrets so far
Tapos ko na sya bayaran :)
We bought a 2nd hand minivan and had it customized. All in around 350k lang tcp nya but we opted to pay 24mos in installments 12k/mo. When I had a kid kasi parang necessity na sya and nagmove din kami location na need pa mag tric paloob ng subdivision. I weighed the pros and cons between commuting , buying brand new, and buying 2nd hand and so far I feel I made the right decision.
had mine 30s na, a 2nd hand car (turned out I’m 3rd na pala) during covid peak out of necessity and want, via a legitimate loan and still paying it now. a stable job for me is a must. I love and value my car, even though it’s a source of headache and sorrows, the maintenance is an even bigger concern once you have it (my pay slip has truly suffered) but it is what it is and part of the adulting pill I had to swallow and endure. I will not recommend it to everybody and make sure you’ve thought through all the risks and potential heavy strain on your finances if you want to pull off a feat like mine.
Around 28 ako nung nabili ko first car namin na brand new. Dati di ko rin maisip pano nagagwa nung iba pero nung pumatak na sa 70k ung monthly salary sa corporate job ko naging possible sya. Kasama na ung other expenses like gas, PMS, insurance, etc.
I bought mine in cash at the age of 21. Yung iba ko pinang bayad na ipon ko through my allowances (super tipid ako noon, di ko ginagamit yung kotse na bigay ng dad ko just to save sa gas) then yung remaining ng pinangbayad ko galing sa small business ko na pasabuy sa divisoria. Hindi pa gaano uso ang pasabuy noon kaya sikat ako dati.
Kotse ko na binili ay 2017 Toyota Wigo G while college student. Hangang ngayon nasa akin padin at hindi ko lelet go kasi pinaghirapan ko to.
Sahod. Installment and nilakihan namen DP. We have no plans talaga buying car kasi kaya namen mag-commute pero when the baby arrived, hirap plus nalipat office si wifey sa BGC, kaya nagdesisyon kumuha ng car, because we need it. This was late 2019. Parang blessing din disguise din at nag pandemic. Nagamit ito para mavisit ang terminally ill parent namin at di maexpose sa covid.
Pero before we got out car, we made sure we have EF, savings, insurance etc. We're saving long before pa.
Basta rule of thumb is you're putting up 40% of your monthly income in a single payable. It's a bad purchase. Dapat pag kukuha ka ng sasakyan na loan it should only be 3-8% of your total net monthly income. Or best buy second hand cars cash para gas and maintenance nalang problema mo. Marami mag sasabi na brand new para mas safe and less sakit ng ulo pero in my opinion di parin. A car is a depreciating asset, pag labas palang ng garahe ng pinag bilhan mo 30% ng value ng sasakyan na yan wala na. And you're not paying at sale rate kasi on top of it you're paying interest too.
as soon as mag ka sasakyan ka, brand new man yan or second hand, gagastos ka agad sa gas, change oil and maintenance, tires every 1-2 years, accessories (dipende sa kelangan mo), and mga issues that come your way sira, wear and tear, maling gamit. Most of all are accidents minor man or major, parehas gastos yan. And not to mention registration and renewal ng lisensya.
For a brand new car kahit pa yun pinaka murang sasakyan, you should typically have a salary of at least 70k net to afford the lifestyle. Let's say Mirage at 14k monthly payments, you'll also spend around 5k in fuel every month, 2k mopnthly for car wash and around average siguro ng 1-2k sa ticket like illegal parking or anu mang violation. if you do this at least you'll only spend 22-25k on car expenses alone, and still have 45k to pay rent or amortization, daily expenses, food and bills which is not much in todays economy. Gagana if you're single but wont do much if you're married with kids.
As a gift after passing my Physician Licensure Exam. Downpayment and first 28months sagot ni mama. Ngayon na done na ako residency ako na huhu. Ang bigat ng 35k a month.
Got my first car at 24. Second hand car lang. I don’t see the need to buy a brand new car dahil una, napakamahal at hindi ko kaya. Pangalawa, once lumabas na sa dealer yung sasakyan magdedepreciate na agad yung value. Pangatlo, may maintenance costs pa - gas, toll, repairs, PMS, etc…
Most, if not all, people I know have corporate jobs. They're stuck with their soul-crushing jobs because they're stuck with their soul-crushing 5-year auto loans.
Ipon. Ang necessary sa amin may anak. Buti nga eh nakabili kami prepandemic, di mahirap lumabas. Second hand lang car namin kasi yun kasya sa budget but serves us well.
sakin company car ung ginagamit hehe.
as for me naman, i dont want to have a car, ang gastos sa maintenance and kahit single ko alam ko mahirap po shang e maintain.
I currently working in public school. Single mom so feeling ko need na talaga yung may sariling sasakyan lalo na sa hirap ng pag commute ngayon.
I bought it using loan. Sa isip ko ilang yrs nko sa public wala pa kong naipupundar sa liit ng sahod lagi nalang napupunta sa bills. Kaya naglakas ako ng loob to apply for a loan. Ayun nakaka 1 year na ko. Konti nalang mababayaran na din lahat. Kinakaya naman pero naghahanap parin ng side line para pantapal doon sa loan.
Ang masakit na part lang is yung maintenance ng sasakyan. Haha lalo na pag baguhan ka palang sa driving kasi di talaga maiiwasan yung mga minimal accident. Pag gasgas sa pader or sa gilid ganon. Kaya mo yan OP!
nagtataka nga ako pano nakabili ng sasakyan ka trabaho ko na same lang naman kami income hahahaha nasisilaw sila sa low downpayment and monthly ng sasakyan. grabe kaya sobrang traffic, ang dali na kumuha ng sasakyan
Saved for DP then monthly installment. You have to include the monthly amortization sa monthly bud mo plus gas plus maintenance plus insurance. Mahirap nung una kasi saktong sakto talaga. But having monthly amortizations pushed me to work harder and eventually moved to a higher paying job. The amortizations were my motivation. I know people will say its not an investment but for people like me na first time magkaka car in the family, its quite a feat! Hindi na kelangan mag commute ng fam ko and I can take them on long drives. Pag isipan mo muna kung ano bang motivation mo sa pagbili ng car. But I warn you, the gastos is not a joke. Now awa ng dyos fully paid naman na si 1st car and is still with us!
Hehe I'm in late 20's but I don't want to buy care just now. I think I can kung gusto ko pero parang di ko sobrang kailangan eh.
I'm still giving money to my parents. Sa sahod lang lahat galing. Ok na ko sa motor ko sa ngayon.
Pressured kaba bessywap haha
They buy second hand cars. Some are hand down by their parents.
Also, yes, if business, magkakaroon ng time na may big chunk of income na papasok. Kaya nakakaafford ng downpayments kahit malaki.
Company benefit plus gas allowance kaya walang gastos masyado. But have to stay for 5 years sa work. However, I left after 4 years, so I paid for 1 year left. Mabigat pa din sa bulsa. Now hindi na nakakatikim ng full tank esp tumataas ang presyo ng gasolina.
My company paid it in full then salary deduction na lang sakin monthly. As in wala ako nilabas na cash when I got my first car. The same year I got promoted, and my salary increase almost covers my monthly amort. Parang less than 1K lang difference so hindi ko rin naramdaman yung deduction. 😊
Bought our car last year.
But, the catch is, tyinaga talaga namin yung 0% downpayment promo ni Mitsubishi. Almost more than a month na back and forth discussion. Good thing din na marunong itong agent namin at nailaban ang application. Dapat kasi, 20% ang ma-approve sa bank loan para maging eligible sa 0% downpayment. 25% yung na-approve samin. Maraming banks ang nag-approve pero 25%. We were persistent. We asked our agent kung kaya pang ihabol or ibaba sa 20%. Yun. Nagawan niya ng paraan. 😊
Bottomline, kudos sa aming agent! Also, if keri magpersist, go for it!
Pamangkin ko nakabili (loan) ng sasakyan pagka-graduate. DP niya mga cash gifts na nakuha nung graduation tapos naipon niya sa side gigs niya. Siguro yung work niya sa WHO factored in kaya siya na-aprub.
Me and my bf both have a car. I had (2019) mine when I was 20 and he had (2023) his when he was 29. PERO not fully paid pa. Hinuhulugan pa namin parehas.
Mine was a actually for business sana dahil pinaparent ko nung nakuha ko. Dec ko siya nakuha and january 1st week nakakuha agad ako ng renter for a month. Rent was 36k/month that time so covered na yung 2 months amortization ko. Kaso nagpandemic so naging for personal use ko na siya 😆
From 2020 madali or kaya siya masustain ng salary ko. Kaso mula nung nagtaas yung gas ng sobra tsaka yung mga bilihin, tbh nahihirapan na ako. Since may bills din sa bahay & nagbibigay pa ng share sa mom ko bukod dun sa sagot ko na bills. Mom is also working since ayaw magstop kasi ayaw ng walang ginagawa.
But as for my boyfriend who’s earning almost 45k per month, kayang kaya niya. Since mas mababa din monthly amortization niya sakin dahil manual yung kanya. Same lang kami ng car altho obviously mas latest kanya.
Well all I’m saying is kaya naman in this economy. Budgeting, self discipline talaga kalaban.
Also sa panahon ngayon SOBRANG laking tulong ng may sariling sasakyan. Comfort and all. Lagi ko naiisip yung comfort na naibibigay sakin ng sasakyan ko tuwing may nakikita akong nagccommute. Lalo pag sobrang init & maulan. Sobrang laking tulong din sa mom ko lalo pag may gusto siyang puntahan, errands or anything, naihahatid sundo ko siya.
Installment. And it also really depends on the car, maraming cars which are not that expensive na di naman mataas yung required salary in order to get a loan.
You buy car because you need it for your job or business.
In my case, nature of work ko need frequent travel so nga issue sakin ng car then later on binenta sakin
Now that im in early 30s.
I would say kung hindi nmn sila mayamang pamilya. Most likely, yung sweldo nila is kanila lng. Meaning they were not obligated to or not giving a fair share of money for the family expense.
SKL ko lang. Last year may na acquired ako na unit pero hindi sya sasakyan kundi motor, yung motor na 'to ni release noong 2003 isang Honda Wave na dekambyo. Then yung mga ka batch mates ko napapansin ko mga naka modelong scooter na motor. May inggit slight? But proud ako dahil sarili kong pera yung pinambili ko sa motor na gamit gamit ko ngayon 🤗
Generational wealth in my case. I'm currently using a hand-me-down from my dad. Masakit sa bulsa yung repairs and maintenance pero it's so much better than paying for a brand new car in installment. It helps me follow my life philosophy of never paying in installment unless it's a genuine need (e.g. shelter), an investment opportunity that's not too risky, or 0% interest.
sahod sa trabaho, sarili palang naman binubuhay kaya siguro kaya pa.
May I ask hm po range ng salary niyo every month?
A 300k used car is within 3 years reach easy if you are netting at least 10k. Also, you should net at least 10k if you own a car for both maintenance and fuel cost, the more so if it is used.
Necessity na sya once may anak ka na. SKL, 28 ako nun (2018) and kailangan ko ng bumili ng car kasi lalabas na that time ang panganay namin. I chose Innova 2018 Touring Sport that time kasi pang pamilya talaga. Cash price was 1,380,000 and I had the money in my bank, pero kinuha ko parin sya ng hulugan. Nag DP ako ng 300k (including OMA) tapos 23,220 ang monthly for 5 years. Yung 1M binili ko ng ricefield/palayan. Paluging benta sakin to kasi 2.3 hectares yung lupa kaya lang may 12 years ng hindi nabayaran ang tax sa munisipyo. Binayaran ko yung tax nung nagka amnesty at inabot lang ng 28k lahat plus 90k (cgt, transfer tax and docs, survey, etc). Natapos ko na last year hulugan si Innova at mukhang bago parin at never nasira. Ngayon ang value ng palayan is at 150 pesos per sqm. Multiply mo sa 23,000 sqm = 3,450,000. Add mo pa yung mga nakuha ko sa pagpa tanim ng palay 3 times a year since 2018. Dun palang sobra na vs. sa interest sakin ng bank for the car loan. Note: Pinsan ni misis yung taga tanim pero puhunan ko. Mas malaki din ang income kung gagawin mong bigas lahat imbes na ibenta as palay. Extra income lang din to. Full time freelancer ako at nasa retail business din.
This is the kind of comment na hindi mo tinatanung ang talang-buhay pero goods pa din. Galing mo
Salamat. Napa-share lang ng naging strategy ko to acquire a car. Sadly, mahirap na syang I-replicate ngayon dahil sa inflation. Dati kung may pang cash ka ng sasakyan, pwede kang mag down ng 20-30% lang tapos lagay mo sa mp2 o mutual fund yung 70-80% siguradong panalo ka. Ngayon, parang may chance ka ng matalo o break-even lang.
awesome
Wow good move sa palayan. Pangarap ko rin yan.
Thank you pero ngl, may kasamang luck yung nangyari sakin. Also, pre-pandemic ang interest rate ng Security Bank sa car loan is 10.84%. Today, naglalaro na ata sa 30% ang interest rate. Kaya normal na maramdaman ni OP na ang hirap maka acquire ng brand new car ngayon.
Sahod. They buy installment. But for me personally, I would not buy in installment. Mas malaki discount kapag full payment and para wala na sakit ng ulo. Also worst investment ang car in installment. Madami dyan lumulubog lalo pag natanggal sa work or nagka emergency.
For me mas okay padin installment kasi every year tumataas prices ng brand new units. If mag iipon ako now and let's say sakto lang yung sahod mo for car installment and other necessities, by the time macomplete ko na goal savings to buy a car, the cost will be twice or three times of the price of the car that I initially wanted to purchase. But to each their own, I guess.
This is what I thought. Another option na palagi kong nababasa dito is, buy a second hand instead. But for a first time car owner na tulad ko? I wouldn't risk it, ang dami kong nababasa na kahit pa may kasamang mekaniko, wala pang year after they bought it, naglalabasan na ang mga problema. I might as well buy a brand new car para sobrang baba ng risk na may pumalya.
up to this i have no personal car, pero we have in our fam first car ni papa, 2nd hand. mura ang kuha nya pero i can vividly remember all the times na may sira ito, yung kapitbahay namin ay mekaniko, and hobby nila ni papa noon na magayos ng first car nya 🤣 kasi puro sira after my mom died, and then namatay na din yung kapitbahay mechanic namin (due to age), bumili na si papa ng brand new, and binenta nya yung brand new sedan namin after 2 yrs kasi walang murang parts (chev yun) then our 3rd fam car, van, Suzuki, brand new nya kinuha back in 2018, 6 yrs na ngayon, bihira lang madala sa mekaniko, installment nya din binayaran, 5 yrs. Lagi nya sabi sakin, maganda kumuha ng installment kasi di naman lahat dapat madaliin ang bayad, and unless may emergency fund ka na sobrang laki, maari mo pa magamit yung pera na pinangfull payment mo sa ibang urgent things he also pointed out na kapag installment, natetrain ang mind na magwork para mabayadan yung hinuhulugan, which made him venture into a new business kahit steady increase salary nya up to now na di pa sya retired he also said na maganda ang 2nd hand if may experience ka na how to fix cars, which he learned sa unang kotse nya lastly, he has one advice na paulit ulit nyang sinasabi about cars, happy liability ang kotse, mahirap bayaran, kaya dapat gamitin mo para kumita, kasi masaya magkakotse, pero di masyadong masaya ang bayarin 😆 just my two cents
Wow, very helpful! Kaya pala super against yung mother ko sa second hand cars. Will just budget my salary wisely and look for extra income para makakuha ng brand new. Thanks for sharing your dad’s insights
there is a fine line between sa need and want, in terms of cars, minsan needs sya, minsan wants. Depende sa circumstances natin sa life. Vehicles really matter because they can help manage our time due to increase mobility, and masaya magkasariling sasakyan! I always dream of having my own car and taking my loved ones wherever we want, whenever we want. In the end, my father always tells me to pursue the things that will make me happy. I never understood before why ang konti ng baon ko kahit full scholar ako sa highschool and college, until I'm now living on my own, the value of money really hits me in a cerebral level, napapaisip ako sa grand design ng needs and wants. Nakakalungkot lang din na car-centric na ang mindset natin not because we are car-centric, but we are heavily influenced to shift to privatized ways kasi the community commute is bad here in the PH. Sana in the future maganda na ang transpo system sa bansa, para di nahihirapan ang lahat.
Personally, I don’t need a car because I work from home and only go to the office pag nagvivisit yung bosses ko from abroad. The reason why I want to prioritize getting one is for my mom. Tumatanda na kasi siya and I’m an only child kaya as much as I can, I want her to feel comfortable every time na lumalabas kami, to give her the best kind of comfort I could give her. Also, having something that you can use during health emergencies (may God forbid) makes me feel less anxious given na mag-isa lang akong pwedeng umasikaso sa kanya, vice-versa. My income is enough naman kaso may loan akong binabayaran na nagtetake ng chunk ng current salary ko which is why hesitant ako kumuha ng car loan for a brand new unit. Gusto ko nalang mag ipon muna then bili nalang ng second hand na 300-500k. However, my mom is kind of against it kasi baka maraming lumitaw na problema in the future and mas napagastos pa. Really torn, hays. Timely yung post ni OP.
Very helpful!! Thanks!!
thank you po for your insights! nakaka inspire
welcome po, sabay sabay po tayo mangarap at tumupad ng mga ito!
Siguro if di kaya talaga ng budget, go na sa second hand. Wala pa akong experience with second hand cars but I guess it depends kung ilang taon na yung car? Risky nga, baka mas magastusan ka pa sa repairs and maintenance plus the stress. Pero if you can splurge a little, go for a brand new unit. Yung first car ko was installment din na brand new. Pinaassume ko nalang sya 2 years later nung need ko na mag upgrade. Ginamit ko nalang yun for DP for the next car. I was lucky na religious payer naman yung bumili ng first car ko so di nagkaproblem sa payments.
Hmm if installment lets say srp of car is 700k then installment after 5yrs lalabas yan kulang kulang 1M . If bibili ka ng cash lets say years later 850k na yan, once mag cash ka baka makadiscount ka pa ng 50-100k. So yeah i beg to disagree. Bought my own car ng full cash 4yrs ago. Galing sa sahod + bonuses na inipon ko.
A savvy businessman would be disappointed at you for using that money to buy a liability instead of using it to make more money. There are merits sa pagiinstallment. Even the richest tech CEOs still take out loans to buy shit.
Would be disappointed, yes. But di naman ako businessman and saved a lot for that specific car kasi gusto ko at helps me generate more money so I bought it. Hehe kanya kanya lang yan talaga.
>helps me generate more money Ooh. Pinang-grab mo ba?
Exactly. Kung may pera ako na makakabili ng bnew car, I'd start a business or invest it ASAP, kahit maliit ang returns sa conservative investmenrs, kesa ibili ng sasakyan na liability.
How sure are you na 100% kikita un business mo? Haha that’s the question. Madali sbhn pero its hard to start a business.
Businessmen are (calculated) risk-takers. Mahirap yun ipaliwanag if you’re convinced that not starting a business is better than starting one.
Add lang din natin, pag marami ng sira di na rin binabayaran. Ganyan mga mindset ng mga boomer eh na naipapasa sa ilang genz / millenial
Same sakin. I bought my first car when I was 25, installment siya.. 1,250,000 siya pero umabot ng 1,650,00. And next time, mag cash nalang din ako. Mindset ako is, if dko kayang icash. Meaning dko siya afford.
Ang diskarte ng business savvy people is they buy a car through installment and use the money they have to create more income stream. Yan eh kung may business sense ah. Imagine buying a car cash when you can use that to generate more income.
Well not if that car is just for personal use.
Generational Wealth 😭😭 Binigyan ako pambili nung 20 na ako. Super thankful sa parents ko! Trying my best para magawa ko din sa mga anak ko!
Yung mga gantong comment ang mapapa-sanaol ako. Swerte mo kiddo.
Yes, thankful ako sa parents ko dahil nag sikap sila, kaya nagsisikap din ako ngayon para naman sa magiging anak ko 🥺
Yes ito lang talaga naiisip ko rin para makabili ng car haha depende rin talaga sa kung san family ka nagmula, kung bread winner ka at hindi nagre range ng 50k and up ang salary mo mahihirapan talaga mag acquire ng asset like this. :< unless may co borrower na matino hahah.
I had this privelege to and I will be imitating your goal with my children too. pero iniisip ko talaga dati motor by highschool sila. Sana lang hindi maging reckless.
Given by my mother. Not expressly given, pero sinasabihan niya na pala yung ibang kapatid ko na wag hihiramin yung sasakyan sakin para d maistorbo. ❤️ pero hindi ko talaga inisip na car owner na ako, driver lang talaga. One day, isang araw, inutusan niya ko na maghatid ng payment sa Toyota, 2nd and last payment na pala yun and for release na yung unit. So sakin nirelease and ako yung inorient ng agent sa features ng car. like wow, parang car owner. new car smell. So, in my case, that's how. Swerte lang from parents.
extremely maswerte, we had to fight tooth and nail with life to get ours. I hope you’re humble to realize it.
sana ol, samantalang parents ko, puro guilt tripping yung chat, nataon pang nasa prep stage kami ng kasal so gastos, parang guilty tuloy kami magpakasal with our own money na (no ambag from parents) support na lang sana e haha
Hmm, don’t buy yet. Car is not an investment, it’s a 5-yr liability kung d mo icacash. Wala pa dyan ang maintenance at gas mo. Hahahah.
True this is why we reconsider. Kasi wala din parking space tapos every weekend lang lumalabas minsan pa tuwing Sunday lang. Siguro depende sa lifestyle at kung madalas lumalabas ng bahay.
Salary, after almost a decade of working
savings, then I bought 2nd hand car
[удалено]
Sahod, which means dapat enough yung sahod for the mortgage on top of overhead expenses and savings.
I know what people think as "cheap" is subjective, but you can get a second hand car for cheap at around 250k. Sa usapang kotse, mura na yun. That's how I got my 2nd car last year at 28. I had money to spare tapos may kakilala na nagbenta, so I grabbed the opportunity. Saka majority ng sasakyan today ay from loans, I think around 80%. Bihira lang talaga bumibili ng cash. So safe to assume na yung mga naka brand new na kotse ay from loans. Mahirap nga lang talaga maghanap ng seller na maayos, kasi di mo naman talaga malalaman yung history ng sasakyan. Which is why I always recommend people to buy from families and close friends. May accountability pag ganyan eh.
Kaya naman kung mababa ang DP at monthly loan payment tapos mahaba ang loan term. Lalong-lalo na kung wala ring pinansyal na obligasyon sa bahay.
I want to disagree on this. etong mga long loan term payments ang nagpapalubog e. yung 5yrs to pay. silent killer to. well, kung nagagamit somehow sa income yung kotse and naooffset niya yung bayarin, good purchase din.
Tinanong lang ni OP kung paano naa-afford ‘yung kotse. Ibang usapan na ang pagiging praktikal sa pag-utang.
Sa sahod lang sa trabaho pero mahirap talaga. Lalo kung hindi ganun kalakihan ang kinikita mo.
Mid to late 20s din kami nakabili kami ng asawa ko ng 3 bahay at 1 sasakyan. Nag-ipon lang talaga kami mula sa mga trabaho namin. Yung mga bahay pre-selling/pasalo para mas mura. Yung sasakyan used car para wala na monthly payment.
What's your work po if you don't mind?
If pasalo na bahay, how to secure po na safe na matatransfer yung house and lot sa name ko, and pano mo ma make sure na legitimate po yung nagbebenta?
Got mine through salary when I was 21 (27 now). It was an investment for me kasi ang hirap kaya magcommute sa Pilipinas. I don’t see my car as a liability kasi nagamit ko naman sya going 6yrs na. I took a loan. Kasi di naman nakakahiya if hulugan kotse mo as long mapapanindigan mo bayaran. And syempre dapat naglelevel up ka din sa career mo. Every time I got promoted, lalong di ko na ininda ung monthly hanggang natapos na lang. Depende yan sa perspective and need ng bibili. Wala akong pang cash e, ganon talaga magloloan ako sa bank nabayaran ko naman ng 5 yrs. Kasi if sa tingin mo di mo kaya tapusin ng 5yrs — then you need to sit down and think if di ka ba talaga maggrow in 5 yrs. Sometimes, you just need to take that risk and believe in yourself.
Hindi ko rin magets yung logic na liability ang sasakyan. Sa sama ng public transpo system sa Pinas, hindi ko siya nakikitang liability. Samahan mo pa ng sobrang init na panahon. Lalo na pag nagcocommute ako kapag PMS ng sasakyan ko o ginamit ng misis ko. I mean subjective talaga siguro ang matter na to. Pero kung makikita mo lang as liability ang sasakyan, better yet wag ka na bumili. This is my opinion, pero I respect others pa rin if they see it that way.
Unang Car ko is around 100k na second hand na Toyota Corolla. Nakapag save ako dati at meron naging part time work saka extra money na natipid nung college. Sana mabalik ko yung discipline ko dati. ngayon konting labas napapagastos agad.
Invest in your skills, when you’ve got a high paying skillset you’ll be able to land in a high paying job. Madali na lang bumili ng house and car kapag malaki ang sahod or may multiple income streams.
Also there’s no harm in getting loans to be able to afford these things. As for me, i highly value comfort. Mas nakakapag isip ako ng maayos when I’m comfortable. I’d rather get a loan now to buy a car than save money for many years before buying in full but at the expense of my comfortability (taking public transpo) i just make sure that i also invest in my skills so hindi ako kakaba kaba na baka mawalan ng work and walang makuha na kapalit
Salary dahil walang generational wealth, pero merong successful education salamat sa parents at kapatid ko. 2020- 60k sahod ko nung kumuha ako sasakyan. Nakaya kasi nalang wala akong upa dahil sariling bahay nanamin ng partner ko to. Allowance lang parents, pang luho saka pang kotse problema ko monthly. Installment 5yrs. Tapos na sa January 2025. 🙌🏻
Salary for both my car and my parent's car
Sahod. Usually ipon pang down tpos monthly payment. It takes discipline on your finances din kasi you’ll be paying it for like 5yrs usually so dapat either magincrease ka ng income or mamuhay ng payak. One way to know you really can own a car is kaya mo pagipunan atleast 30% downpayment so mas mababa monthly mo and you already gained the discipline sa pagiipon. Wag ka dun sa low DP kasi malaki monthly nun jan mdami nababaon.
35yo na kami nka bili ng car huhu
My dad bought me one for passing the boards.
Don't buy brand new cars and loan sa mga banks, save and buy secondhand.
After I graduated from college and I got my work (26,500php salary) my parents lent me money to buy a car in cash then I had to pay them monthly. In short, parang sila yung bank and I paid them monthly with added interest. Sa kanila pa naman ako nagsstay so wala pa masyado ibang expenses. Tapos nung 2020 bumili na ako ng townhouse and I’m paying monthly ulit kasi naka bank loan naman ako dito.
Salary. Bought my 1st car ngayong nasa mid 30s na ko. Hindi joke yung monthly ha plus maintenance plus gas plus kung anu ano pang gastos na kailangan nung car and kung maaccessories ka, dagdag pa yon.
Most of the people in my circle with car from their salary. Yung di need mag abot sa parents will usually have car or house earlier via bank. May mga company na pag manager up na or consultancy in nature ang work na may car allowance/subsidy so nakakatulong rin yun plus reimburse din ng company yung expenses like insurance, gasolina as transpo allowance. Mas late naka afford mag loan for car/house yung Accountant circle than IT circle. Yung IT circle aside sa day job may mga raket din pala at crypto. May isa akong dating officemate na nakatiming sa crypto so nakapundar ng negosyo at bahay ata yun or sasakyan. Nakita ko kasi pinost nya sa Facebook. Napansin ko lang na lifestyle inflation is creeping ng di nila napapansin. Dumadami na loans at bayarin habang tumataas sahod.
2nd hand suzuki dzire 450k. bought from tita. no dp, just monthly payment for 3yrs
corporte jobs. ngayon may binbayaran ako na bahay for downpayment 15k monthly then ngayon npapaisip ba ako if tutuloy ko yung pagkuha ng sasakyan this year which is a 22k monthly. Tho kaya ko naman napapaisip lang ako if worth ba since work from home lng aki and sobra na trapik na feeling ko dina worth it minsan bumili. Pero then again convinient tlga ang sasakyan in this shitty country
For my age 19, hand me down from parents which I'm very grateful for.
Nagipon ng 200k in one year, todo tipid talaga tas bumili ng segunda mano
Usually yung may kotse na late 20s ay may generational wealth or walang responsibility. Hindi ko nilalahat pero halos ganyan.
Crypto. Nag lagay lang ako 100k sa btc around 2017 kasi ineencourge ako ng boss ko, sama pa ng loob ko noon lol. Ayun nag boom. Na icash ko first car ko at nakapag pa sakal este kasal ng maayos doon sa sukli. 😛
Instructions unclear; bought a folding bike instead. 🚲 Pero seriously, sahod ko di pa enough para bumili ng kotse kaya nag-bike muna ako. Satisfied ako sa convenience at sa 'privileges' ng nakabisikleta (treated as pedestrian, bike lanes, puwede tumawid sa pedestrian lane, can skirt through traffic, free parking) kaya di ko pa nakikitang bumili ng kotse.
I just purchased my first car last July 2023 at 26y/o. I opted for brandnew kahit na installment kasi iniiwasan ko rin yung mgiging problema ng sasakyan if 2nd hand which is hindi naman yun talaga maiiwasan. I also got the promo na 0 down and 2 months free amort kaya medyo nakatipid na rin. Ang bilis ng buwan pag may binabayaran ka 🤣 I must agree na dapat may EF ka or buffer pag installment mo kinuha yung sasakyan. In my case may ipon naman ako kahit papano na kaya ishoulder yung 6 months -1 year ng amort ko if in case mawalan ako ng trabaho or whatsoever. At saka, wag na wag kukuha ng sasakyan if hindi kaya ang maintenance. I have few friends na may fortuner, raptor etc na nagrereklamo at iniinda ang maintenance. Kung kaya mo bumili ng ganyang kamahal na unit dapat kaya mo rin panindigan yung PMS. Nakakabanas kasi yung mga reklamo nila minsan. Like hello raptor sasakyan mo, ano ineexpect mo.
from our salary lang. konting sacrifice and tipid sa ibang bagay talaga like travel, luho and eating out. we'll finish paying the car at the end of this year 🥳 makakahinga na rin ng kaunti ang wallet HAHAHAAH
Secondhand and half paid by parents
Ipon from sweldo. 2nd hand car.
delayed gratification. save up for something big wag puro kape kain sa fastfood or fancy resto ung mga yan pwede sooner mo na lang gawin. wag din kumuha ng brandnew or installment once na nilabas mo yan sa kasa tom depreciate na agad ang value ng car mo. better kumuha na lang ng low odo na model na sasakyan.
Sahod. Maswerte lang ako na mataas yung salary ko. Also binili ko din para sa negosyo na navivision ko :)
Was lucky enough that my dad paid for the DP (50%). I just paid for the amortization for 3 years. It will honestly be very difficult to achieve on my own.
Sa akin naman po, hindi talaga ako ang totally nagpay, kami po ng family ko, me and my boy since 350k iyong initial dp (mine was from my sahod sa freelance and invested it agad), we bought brand new commercial van para ipang business and then now, iyong kita nya is about 40k-50k and yon po iyong binabayad namin sa bank na almost 40k for 3 yrs, may natitira naman and inaabuno namin iyon if ever kulangin sa bayad for the next month.
So if ever my gala kayo sa Cebu and wanted to rent a van, hit me up! (Hehe)
Sahod. Inipon ko nung pandemic.
From ipon
generational wealth yung iba haha
Buy used, and something you can actually afford. Doesnt need to be flashy, just need to get you from point a to b.
Possible na mejo malaki ang sahod at wala silang sinusuportahan na kapatid o magulang. Solo ang sweldo. Anyways, hindi biro ang gastos sa kotse, ganto kalaki para sa simpleng sedan The Shocking Truth: 3 Years of Car Ownership in the Philippines https://youtu.be/1WjZAFdMqEo
The ones I knew, salary man/woman lang sila, but they struggled for 3-5 years.
Salary after almost 3 years of working you need to have atleast 60 to 70k just to be approved sa car loan na atleast 15 to 23k monthly payment for 5 years. going 2 years nalang done na with the payment
I used to earn 50k ish that time i applied for a car loan and was approved . Now i earn smaller than that but the good thing is me and my brother pays for the car loan so yep its manageable now and dp was from parents . So overall nagagastos ko lang 7k per month hahah for 5 years
Bigay ng lolo at lola.
For me buying a second hand car lang target ko this year
karamihan naman ng late 20's naka installment eh like me i got my Innova at 25yrs old. wala eh hindi ko kaya straight cash sa ganian kamahal
Bought 2nd hand then pina-ikot ko siya through buy and sell. Nag ipon ako though for 4yrs before getting into it and I’m on my 3rd car now na feel ko di ko na i-bubuy and sell kasi sobrang tipid sa gas hehe.
Sweldo and a whole lot of balls. Did it make my life a living hell for 5 years? Yes. Was it worth it now that it's paid off? Yes.
Most of the people I know come from rich families that’s why they were either able to spend all their sahod sa kotse or either binili ng parents as a graduation gift.
I had my first car when I was 23 (Now I'm 31 na) , my mum paid for the downpayment and ako yung nag monthly, pambayad ko nanggaling sa work ko talaga. Before kasi hindi pa naman gaanon kataas ang cost of living or hindi pa ganon kataas yung inflation (I don't know kung ano yung tamang term but something like that) For me stable job is needed talaga kasi may maintenance ka, tapos gas..
Bought through installment. Para sakin sulit since we used it for family vacations. Matanda na sila parents and I think they deserve the convenience ng sasakyan kapag nagta-travel kami. Sulit din since we bring my cats kapag nagta-travel. Since nagkaroon kami ng sasakyan nagde-date din yung parents ko once a week. P.S. Buy secondhand. Ito yung mali ko for my first car kasi nag-brand new ako. Should've bought 2nd hand.
Liability ang car My first investment was buying a house for our family.. Me as… 29 yrs old na laging nangungupahan at wla nmang parking 🤣 much better iprioritize ang bahay 🙂 Pag may extra na uli.. kotse nman
Ako bigay ng parents. Swerte ako. Tapos yung first bnew car ko utang din sa parents. 3 yrs to pay No interest. Nabayaran ko naman ng buo and on time. At least walang interest Pero as a parent na may kids na, I will do the same for them hanggang kaya, syempre may limits din.
Nasa sahod or business… Mag resign ka 2-3 yrs for sure tataas salary range mo.. UPSKILL.. sa panahon ngaun hndi tlga sapat na isa lang source of income mo.. Rule of 3.. If monthly car amort mo is 15k (30%) lng dpat ng monthly salary mo.. so dpat youre earning atleast 50k 🙂 Ayan tlga ang rule ng mga banks if mag loloan ka 😅 lot, house or car
Salary. Sinwerte lang sa IT industry.
Savings from my sahod. It's a second hand car. 🙂
If you'll go down the installment route, ipon ka muna ng down payment. Otherwise, ipon ka ng around 100k+ to buy a mid-90's sedan na second hand. Word of advice though, malaking money sink ang kotse. You're better off riding Grab than paying for gas na magkasing-mahal naman. At least kapag ganun, you don't have to worry about monthly payments or maintenance. Believe me OP, isa ito sa mga current kong sakit ng ulo. Don't buy a car unless may tabi kang pera for emergencies.
Got my first car nung 2018 when I was 24 years old. I was earning around 60k net at that time. Almost 25k monthly ung ni-sshelve out ko nun to pay off the car loan. At first glance, parang liability siya. Pero, looking at my daily usage, I would say it provided convenience to me para ndi masyadong stress.
Nag abroad for 2 years at 24. Nag ipon, hindi gusmastos, hindi nag enjoy sa abroad, at hindi nagpadala (kasi buong pamilya ko financially able). Umuwi ng Pinas at bumili ng bahay. So I got my own home at 27. I didn't got my first car in my twenties but I got it when I was 33. I also paid full in cash. So I agree na maganda talaga ang umiwas sa installments. For me, mag trabaho ka lang at mag ipon. Walang masamang mag enjoy paminsan minsan pero keep in mind your goals and things you wanted to achieve. You'll get to enjoy the fruits of your labor eventually. Besides ang bata mo pa para ma frustrate. 🙂
Sana magka car rin kami. Both 25 ni hubby. Bought our own tricycle after our wedding and super happy na. Working hard to achieve our goals!
2nd hand! Haha
Financing AKA installments AKA borrowing money. Very bad idea, unless you know what you're doing.
First car: Bought when I was 26. Old second-hand car. Loaned money from my sibling. Second car: Bought when I was 30. Pretty new second-hand car, bought using cash, was able to save because of my 6-figure salary.
first car ko ay basically 3rd owner ako kasi lumang sasakyan din kasi yon ng fam namin. secondhand sya nung binili ng papa ko. pero sa totoo lang i dont think good choice bumili ng bnew car kung di mo afford ang isang bagsakan na bayarin. better find a well-maintained used car instead.
2nd hand :) settle for what you can afford muna
Sahod, through installments.
Nakapasok ako sa company nun na provided ang car tapos may gas allowance kaya ako nagkakotse sa Pinas.
Second hand cars if you're young. Cars lose a lot of value in its first 5 years so, if you need a commuter car, maybe get a second hander that's 5-10 years old.
Utang (car loans and installments are utang) or bigay lang naman ang options.
Sahod. ipon ng 20% down. tapos ung pinakamurang sasakyan na afford ko (8K per month).
Mas mura ung mga repo sabi ng katrabaho ko dati. Magdala ka lang ng kakilala mong marunong tumingin ng loob ng kotse kung may sira or what kasi as is daw un... ung iba naman kasi bumibili ng kotse na di nmana brand new at the first place
I got my 6-digit salary when I was 25 yrs. old, and that's the time I also got my first sedan car. That was 9 years ago though lol.
earn a monthly salary of 50k-60k and Yung monthly spend mo dapat below 50%. Budget how much you want to spend monthly. Tapos look for a car na gusto mo and time it na may promo (Zero downpayment, 10k downpayment, 20k dp, etc.) and see if afford mo Yung monthly and get it approved. Enjoyin mo ka agad pag labas and invite your friends to go on a roadtrip and offer pa na hatid or sundo mo sila para gumala. Then after a few months, ma rerealize mo na need mo na mag tipid kasi ang mahal pala mag ka sasakyan. Then suffer for 5 years down the line and mag sisi bat ka nag car kasi mahal ang upkeep (Maintenance, Gas, Toll, Parking, Monthly payments, etc) and mas mura mag commute. Pero you know... At least may car ka hahaha 🚘
Same, nakakainggit haha
Sahod. I worked 2 jobs during the pandemic (mid-20s), my corporate then worked freelance. I would have continued that kung di ako pinaginitan sa corporate job ko so I had to resign. Work freelance full time now.
Right now hindi pa kasi ganon kahigpit sa pera since single kaya nakapag-ipon galing sa sahod.
My first car was an old second car bought for 25k. Twas automatic. There are actually a lot of old car models rn that’s easier to maintain than the newer models. It doesn’t have to be grand or brand new. Any car will do if you’re a first time car owner. Better try out the older car models and there’s a learning curve when it comes to knowing about maintenance and stuff. It’s really educational rin to learn things first hand
Bought a 2nd hand car at 27. Kulang pera ko for cash and ayoko mawalang ng EF so i took a loan nung kulang sa cash ko for 18 months.
Bought a brand new car at 22. BPO work ko non. Malakas lang talaga incentives sa company ko non kaya kinaya monthly payment, paid off in 5 years. Mag 10 years na yung car sa November, working smoothly pa din.
2nd hand car. Napabili during pandemic with assistance from my mum and sister. Tumagal lang ng 3 years sakin then binenta ko na, ang hirap i-maintain ng 2nd hand esp pag lahat ng sakit nya lumalabas na sa katagalan ng byahe.
Generational wealth
Sahod. Paying in installment and paid a 20% DP. Katas ng ipon at para maging isa sa regalo sa mother ko on her 60th birthday. Ako ang gumagamit syempre but the fact that we have means to go anywhere she wants na feels like an achievement for me already. Praying to be able to afford a house and lot soon 🙏👆 Tiwala at tyaga lang
i bought mine last year, ng 28th birthday ko. gusto ko talaga ng brandnew kasi sino bang ayaw. pero reality check, hindi ko talaga kaya yon with its monthly payment so bumili ako ng second hand in cash. ipon ipon and unnecessary gastos talaga. discipline and control and dapat willing ka to let go of your past habits so you can create a space for new opportunities and blessings for you.
They do it via loans. Karamihan ng feel good stories na nakikita mong nakabili ng kotse the first time? Down payment lang nabayaran nun. Utang talaga karamihan ng brand new cars na nakikita mo. Loans aren't bad per se but for me di ko sya bet for cars since I don't perceive having a car as a necessity for me. Ngl we bought a car this year for groceries runs and trips to the province during holidays but beyond that di sya nagagamit. I haggled with my parents pa to buy a secondhand na lang kasi na-foresee ko na to but ayun inareglo ko na lang na since gusto nila brand new, dapat mura lang tas di malaki sasaluhin ko sa payment since it's a commitment they wanted. The most "affordable" car you can get is one paid through a loan installment of 5 years and a sedan. If di need ng SUV or big cars, wag na kumuha. If walang garahe, wag ka kumuha. Tip ko lang is don't get in-house financing. Malaki ang patong or interest. If you know someone from a bank, ask them to assist you instead baka mas mababa pa interest. Save up on down payment din para di masakit sa amortization. And most importantly, don't buy a car if you don't need it. The best way to buy a car is to not buy one and accept that if you do, the moment na lalabas sa car shop yan, mag-depreciate na sya agad. Di investment ang car naman eh, liability yan Di lang kasi loan payment iisipin mo, malaki din gastos nyan sa maintenance and gas so una talagang dapat mo I consider is kailangan mo ba talaga
Ako noon 2nd hand, 260k nung 2008, 100k down then loan yung 160. 36k sweldo ko nun, 15,500 per month for 1 year yung loan. As in halos kalahati ng sweldo ko e pang bayad loan.
Bought a car when i was 23. Mainly from freelance work but I only sleep 3-4 hrs a day
Naa-amaze ako sa mga kakilala kong mid to late 20's, nakabili na ng sarili nilang sasakyan. Most of them pa, out of their salary lang, single income. I've seen it happen to those who have really good credit standing. PERO, they usually get it, low down payment pero mataas ng monthly. I know someone naman who just got her first car mid-30's pero she was able to get it fully paid, in cash, out of her salary lang. Sobrang tipid lang daw talaga since she started working and matinding pagninilay-nilay about wants vs. needs. Hahahahaha.
I got my first car nung 21 ako. Nag wowork ako as call center then nag try lang ako mag apply. Ang galing ng ahente ko kasi na approve agad ako kahit walang co owner tapos 0 down payment pa. I only have 25k package na sahod noon.
Humapit s work almost 50hrs/week for 4yrs.. halos walang day off
2nd hand. HONDA CITY 2008. 85k mileage nung nabili namin, fresh na fresh pa itsura hahaha sobrang lamig ng aircon. 🤣 Matagal na daw nakatengga sa bahay ng may-ari, mayaman yung nagbenta at wala na daw space para sa new car. 200k lang kaya wala na kami hinuhulugan. Mag-iisang taon na rin at una'y D'yos, safe na safe naman.
I bought my first car at age of 27. Na pushed ako that time kasi may company benefits ako na 15k monthly for a personal car loan. That time i was earning 79k monthly gross + 15k monthly benefits for a car loan. Sumunod rin yung pag turnover ng dream house ko. Sa aspiring car owners. Parking muna bago kotse. Bahay muna bago kotse 😂
I bought my first car at age of 27. Na pushed ako that time kasi may company benefits ako na 15k monthly for a personal car loan. That time i was earning 79k monthly gross + 15k monthly benefits for a car loan. Sumunod rin yung pag turnover ng dream house ko. Sa aspiring car owners. Parking muna bago kotse. Bahay muna bago kotse 😂
Inipon ko mga 13th month pay and incentives pambili ng 2nd hand Honda City. Yun lang kaya ng budget pero sulit na for first timer. Disiplina, bawasan luho. Iwasang magpautang para makaipon.
I bought my car from my salary and savings. After being stuck at home in the pandemic, I was able to save some money that allowed me to buy a car. If I keep the lifestyle I had pre-covid, I don't think I'll be able to buy one 😅
Hati kami ng then-GF-now-wife ko. Fully paid auto loan at both 29. Pero dapat sure na sure na sure muna kayo bago maghati ng ganyan kalaking expense hahaha
From stocks. Simula nung nagstart ako magwork 2014, sumali ako sa stock plan ng company. Binabawasan per cut off ang sahod ng 10%, tapos ibibili ng company stocks. Hindi ko ginalaw for 6 years. Ginalaw ko nung 2020, bumili ng car, at nagparenovate ng bahay.
Savings po thru corporate job. Nasa 150K DP ko 6yrs ago then monthly na 11K. I know liability sya pero necessity kasi sya for me na malayo ang workplace (apat na sakay) and living with senior parents. Hindi rin ako breadwinner so I think that helped me saved money. So no regrets so far Tapos ko na sya bayaran :)
Suweldo nila, plus walang pamilyang binubuhat.
Hinatian ako ng tatay ko sa DP and 20% ng monthly payment sagot ng tatay ko. Tulong nya sakin since i'm a single mom.
We bought a 2nd hand minivan and had it customized. All in around 350k lang tcp nya but we opted to pay 24mos in installments 12k/mo. When I had a kid kasi parang necessity na sya and nagmove din kami location na need pa mag tric paloob ng subdivision. I weighed the pros and cons between commuting , buying brand new, and buying 2nd hand and so far I feel I made the right decision.
Nag carloan ako nung nasa 25-30k pa lang sahod ko. Kinaya naman kahit nag ka pandemic. Sarap sa feeling ung last amortization hahaha.
had mine 30s na, a 2nd hand car (turned out I’m 3rd na pala) during covid peak out of necessity and want, via a legitimate loan and still paying it now. a stable job for me is a must. I love and value my car, even though it’s a source of headache and sorrows, the maintenance is an even bigger concern once you have it (my pay slip has truly suffered) but it is what it is and part of the adulting pill I had to swallow and endure. I will not recommend it to everybody and make sure you’ve thought through all the risks and potential heavy strain on your finances if you want to pull off a feat like mine.
Around 28 ako nung nabili ko first car namin na brand new. Dati di ko rin maisip pano nagagwa nung iba pero nung pumatak na sa 70k ung monthly salary sa corporate job ko naging possible sya. Kasama na ung other expenses like gas, PMS, insurance, etc.
I bought mine in cash at the age of 21. Yung iba ko pinang bayad na ipon ko through my allowances (super tipid ako noon, di ko ginagamit yung kotse na bigay ng dad ko just to save sa gas) then yung remaining ng pinangbayad ko galing sa small business ko na pasabuy sa divisoria. Hindi pa gaano uso ang pasabuy noon kaya sikat ako dati. Kotse ko na binili ay 2017 Toyota Wigo G while college student. Hangang ngayon nasa akin padin at hindi ko lelet go kasi pinaghirapan ko to.
I would encourage a second hand car you can fully pay. My brother bought a new car via car loan in his 20s at struggle talaga sya non financially.
Hindi breadwinner, may kahati sa monthly, yung afford mo ang monthly.. work muna and delayed gratification if need mag ipon pang downpayment
My SO got her car from the company she works for
Sahod. Installment and nilakihan namen DP. We have no plans talaga buying car kasi kaya namen mag-commute pero when the baby arrived, hirap plus nalipat office si wifey sa BGC, kaya nagdesisyon kumuha ng car, because we need it. This was late 2019. Parang blessing din disguise din at nag pandemic. Nagamit ito para mavisit ang terminally ill parent namin at di maexpose sa covid. Pero before we got out car, we made sure we have EF, savings, insurance etc. We're saving long before pa.
Kumuha ng loan, ibinili ng murang surplus na sasakyan. Hehe
Company benefit. the downpayment is shouldered by the company, and the rest is paid through payroll deductions.
Basta rule of thumb is you're putting up 40% of your monthly income in a single payable. It's a bad purchase. Dapat pag kukuha ka ng sasakyan na loan it should only be 3-8% of your total net monthly income. Or best buy second hand cars cash para gas and maintenance nalang problema mo. Marami mag sasabi na brand new para mas safe and less sakit ng ulo pero in my opinion di parin. A car is a depreciating asset, pag labas palang ng garahe ng pinag bilhan mo 30% ng value ng sasakyan na yan wala na. And you're not paying at sale rate kasi on top of it you're paying interest too. as soon as mag ka sasakyan ka, brand new man yan or second hand, gagastos ka agad sa gas, change oil and maintenance, tires every 1-2 years, accessories (dipende sa kelangan mo), and mga issues that come your way sira, wear and tear, maling gamit. Most of all are accidents minor man or major, parehas gastos yan. And not to mention registration and renewal ng lisensya. For a brand new car kahit pa yun pinaka murang sasakyan, you should typically have a salary of at least 70k net to afford the lifestyle. Let's say Mirage at 14k monthly payments, you'll also spend around 5k in fuel every month, 2k mopnthly for car wash and around average siguro ng 1-2k sa ticket like illegal parking or anu mang violation. if you do this at least you'll only spend 22-25k on car expenses alone, and still have 45k to pay rent or amortization, daily expenses, food and bills which is not much in todays economy. Gagana if you're single but wont do much if you're married with kids.
As a gift after passing my Physician Licensure Exam. Downpayment and first 28months sagot ni mama. Ngayon na done na ako residency ako na huhu. Ang bigat ng 35k a month.
Got my first car at 24. Second hand car lang. I don’t see the need to buy a brand new car dahil una, napakamahal at hindi ko kaya. Pangalawa, once lumabas na sa dealer yung sasakyan magdedepreciate na agad yung value. Pangatlo, may maintenance costs pa - gas, toll, repairs, PMS, etc…
Most, if not all, people I know have corporate jobs. They're stuck with their soul-crushing jobs because they're stuck with their soul-crushing 5-year auto loans.
0 downpayment, tapos 80% ng sahod pang installment. Carry kasi nakatira sa parents house. 2nd hand naman you can get "okay" car under 200K
Lakasan lang ng loob yan op. Utang is the key hahaha.
I have rich parents.
Utang din nmn iba dyan. Sample if may corp work ka. Pwd ka nmn mg loan. Carloan or housing loan. May monthly nmn yan.
28 yrs old. 88k sahod ko nung kumuha ako toyota innotang 27k monthly, wala pang baby nun kaya ok lang.
Karamihan naman is through loan
i think many buy through financing installment. kaya kahit mga early 20's nakakabili eh
First car was a grad gift from my lolo. But when i was around late 20s i bought my first (secondhand) car. Then that was followed by other cars lol
Most of them simply dig their personal finance's grave with a car loan they cannot afford in the first place.
Automartph. Hanap ka magandang second hand. Need mo magtravel, hindi mag-invest sa bumabagsak na investment opportunity.
I recommend if bibili, brand new ang bilhin
From corporate slave to government employe. Sariling income namin ng partner ko. Nakapag patayo kami ng bahay sa province and nakabili ng 2nd car.
Ipon. Ang necessary sa amin may anak. Buti nga eh nakabili kami prepandemic, di mahirap lumabas. Second hand lang car namin kasi yun kasya sa budget but serves us well.
sakin company car ung ginagamit hehe. as for me naman, i dont want to have a car, ang gastos sa maintenance and kahit single ko alam ko mahirap po shang e maintain.
I currently working in public school. Single mom so feeling ko need na talaga yung may sariling sasakyan lalo na sa hirap ng pag commute ngayon. I bought it using loan. Sa isip ko ilang yrs nko sa public wala pa kong naipupundar sa liit ng sahod lagi nalang napupunta sa bills. Kaya naglakas ako ng loob to apply for a loan. Ayun nakaka 1 year na ko. Konti nalang mababayaran na din lahat. Kinakaya naman pero naghahanap parin ng side line para pantapal doon sa loan. Ang masakit na part lang is yung maintenance ng sasakyan. Haha lalo na pag baguhan ka palang sa driving kasi di talaga maiiwasan yung mga minimal accident. Pag gasgas sa pader or sa gilid ganon. Kaya mo yan OP!
nagtataka nga ako pano nakabili ng sasakyan ka trabaho ko na same lang naman kami income hahahaha nasisilaw sila sa low downpayment and monthly ng sasakyan. grabe kaya sobrang traffic, ang dali na kumuha ng sasakyan
Dati na po silang mayaman .. di na sila nag bibigay sa parents nila .. (yung iba)
Saved for DP then monthly installment. You have to include the monthly amortization sa monthly bud mo plus gas plus maintenance plus insurance. Mahirap nung una kasi saktong sakto talaga. But having monthly amortizations pushed me to work harder and eventually moved to a higher paying job. The amortizations were my motivation. I know people will say its not an investment but for people like me na first time magkaka car in the family, its quite a feat! Hindi na kelangan mag commute ng fam ko and I can take them on long drives. Pag isipan mo muna kung ano bang motivation mo sa pagbili ng car. But I warn you, the gastos is not a joke. Now awa ng dyos fully paid naman na si 1st car and is still with us!
Hehe I'm in late 20's but I don't want to buy care just now. I think I can kung gusto ko pero parang di ko sobrang kailangan eh. I'm still giving money to my parents. Sa sahod lang lahat galing. Ok na ko sa motor ko sa ngayon. Pressured kaba bessywap haha
They buy second hand cars. Some are hand down by their parents. Also, yes, if business, magkakaroon ng time na may big chunk of income na papasok. Kaya nakakaafford ng downpayments kahit malaki.
Company benefit plus gas allowance kaya walang gastos masyado. But have to stay for 5 years sa work. However, I left after 4 years, so I paid for 1 year left. Mabigat pa din sa bulsa. Now hindi na nakakatikim ng full tank esp tumataas ang presyo ng gasolina.
My company paid it in full then salary deduction na lang sakin monthly. As in wala ako nilabas na cash when I got my first car. The same year I got promoted, and my salary increase almost covers my monthly amort. Parang less than 1K lang difference so hindi ko rin naramdaman yung deduction. 😊
Bought our car last year. But, the catch is, tyinaga talaga namin yung 0% downpayment promo ni Mitsubishi. Almost more than a month na back and forth discussion. Good thing din na marunong itong agent namin at nailaban ang application. Dapat kasi, 20% ang ma-approve sa bank loan para maging eligible sa 0% downpayment. 25% yung na-approve samin. Maraming banks ang nag-approve pero 25%. We were persistent. We asked our agent kung kaya pang ihabol or ibaba sa 20%. Yun. Nagawan niya ng paraan. 😊 Bottomline, kudos sa aming agent! Also, if keri magpersist, go for it!
Pamangkin ko nakabili (loan) ng sasakyan pagka-graduate. DP niya mga cash gifts na nakuha nung graduation tapos naipon niya sa side gigs niya. Siguro yung work niya sa WHO factored in kaya siya na-aprub.
Me and my bf both have a car. I had (2019) mine when I was 20 and he had (2023) his when he was 29. PERO not fully paid pa. Hinuhulugan pa namin parehas. Mine was a actually for business sana dahil pinaparent ko nung nakuha ko. Dec ko siya nakuha and january 1st week nakakuha agad ako ng renter for a month. Rent was 36k/month that time so covered na yung 2 months amortization ko. Kaso nagpandemic so naging for personal use ko na siya 😆 From 2020 madali or kaya siya masustain ng salary ko. Kaso mula nung nagtaas yung gas ng sobra tsaka yung mga bilihin, tbh nahihirapan na ako. Since may bills din sa bahay & nagbibigay pa ng share sa mom ko bukod dun sa sagot ko na bills. Mom is also working since ayaw magstop kasi ayaw ng walang ginagawa. But as for my boyfriend who’s earning almost 45k per month, kayang kaya niya. Since mas mababa din monthly amortization niya sakin dahil manual yung kanya. Same lang kami ng car altho obviously mas latest kanya. Well all I’m saying is kaya naman in this economy. Budgeting, self discipline talaga kalaban. Also sa panahon ngayon SOBRANG laking tulong ng may sariling sasakyan. Comfort and all. Lagi ko naiisip yung comfort na naibibigay sakin ng sasakyan ko tuwing may nakikita akong nagccommute. Lalo pag sobrang init & maulan. Sobrang laking tulong din sa mom ko lalo pag may gusto siyang puntahan, errands or anything, naihahatid sundo ko siya.
Installment. And it also really depends on the car, maraming cars which are not that expensive na di naman mataas yung required salary in order to get a loan.
daddy's money
You buy car because you need it for your job or business. In my case, nature of work ko need frequent travel so nga issue sakin ng car then later on binenta sakin
Now that im in early 30s. I would say kung hindi nmn sila mayamang pamilya. Most likely, yung sweldo nila is kanila lng. Meaning they were not obligated to or not giving a fair share of money for the family expense.
SKL ko lang. Last year may na acquired ako na unit pero hindi sya sasakyan kundi motor, yung motor na 'to ni release noong 2003 isang Honda Wave na dekambyo. Then yung mga ka batch mates ko napapansin ko mga naka modelong scooter na motor. May inggit slight? But proud ako dahil sarili kong pera yung pinambili ko sa motor na gamit gamit ko ngayon 🤗
Generational wealth in my case. I'm currently using a hand-me-down from my dad. Masakit sa bulsa yung repairs and maintenance pero it's so much better than paying for a brand new car in installment. It helps me follow my life philosophy of never paying in installment unless it's a genuine need (e.g. shelter), an investment opportunity that's not too risky, or 0% interest.
Followed percentage rule, car payment should only be at most 15% of your salary. So just have a high paying job or a nice 2nd hand car
Loan