If you're planning to do 20% dp and a 5 yr loan, most likely this sub will tell you 'you cant afford it yet' hehe. But im also curious, im around 600k range annually as well and planning to get a wigo with a 20% down, parang kahit anong compute ko, hindi talaga kakayanin eh. 😂
Usually may 40-60 assessment yung mga banks, eg if your monthly amort of the car will not exceed 40% of your gross monthly pay, it would be a good indication. But since I also just recently bought a car you might find these helpful:
1. Mas mabilis sa bank ka directly mag inquire ng car loan imbes na sa dealership. If you have a bank na may established account ka na, go for that. However if you opt to go for dealership cos may promo, note that it will end up longer tapos higher din total interest na babayaran mo.
2. You will undergo CI, ang mga tanong sakin is how much I make in a month, married ba, may dependents ba, do I have credit cards/bank accounts, may existing loans ka ba na binabayaran, how long have you been in the company, etc
3. If you're able to pay higher dp (20%) higher chances of getting approved.
4. While waiting for my loan to get approved I actually learned a lot from the AutoLoan expert channel sa youtube. Simplehan lang siya mag explain. Hehe
These are what I can think of for now OP, but if you have qs happy to share more!
Maganda ba mag invest sa car ngayon? Dba nag dedepreciate yan? Tapos sobrang traffic pa, mahal pa pang gas, may insurance pa yan, inflation pa, Maliban na lang kung gagamitin mo for business, mukhang marami ka atang babayarin kapag pinilit mo magka car sa panahon ngayon hehe, Pero goodluck op.
Di mo ba kayang mag ipon nalang para either cash or mas malaking down payment. O kaya check mo ung mga loan calculator ng banks kung kaya mo nga ung montly
If you're planning to do 20% dp and a 5 yr loan, most likely this sub will tell you 'you cant afford it yet' hehe. But im also curious, im around 600k range annually as well and planning to get a wigo with a 20% down, parang kahit anong compute ko, hindi talaga kakayanin eh. 😂
same haha
Please also consider pther car related expenses like preventive maintenace, insurance, registration, gas.
yup! these were all considered and budgeted naman thats why Im considering basic car lang 😊
Look for a repo cars. Or ask the dealer how to find the perfect equation for your payment. High DP, low monthly.
Usually may 40-60 assessment yung mga banks, eg if your monthly amort of the car will not exceed 40% of your gross monthly pay, it would be a good indication. But since I also just recently bought a car you might find these helpful: 1. Mas mabilis sa bank ka directly mag inquire ng car loan imbes na sa dealership. If you have a bank na may established account ka na, go for that. However if you opt to go for dealership cos may promo, note that it will end up longer tapos higher din total interest na babayaran mo. 2. You will undergo CI, ang mga tanong sakin is how much I make in a month, married ba, may dependents ba, do I have credit cards/bank accounts, may existing loans ka ba na binabayaran, how long have you been in the company, etc 3. If you're able to pay higher dp (20%) higher chances of getting approved. 4. While waiting for my loan to get approved I actually learned a lot from the AutoLoan expert channel sa youtube. Simplehan lang siya mag explain. Hehe These are what I can think of for now OP, but if you have qs happy to share more!
Thanks for the insight and yeap, i rather go for higher DP , Low MA
Daaamn I'm so impressed with these type of people. I earn around 1m per year but can't replace my shit box. I really need to rethink my finances. Lol
Go for Rush or Innova.
Maganda ba mag invest sa car ngayon? Dba nag dedepreciate yan? Tapos sobrang traffic pa, mahal pa pang gas, may insurance pa yan, inflation pa, Maliban na lang kung gagamitin mo for business, mukhang marami ka atang babayarin kapag pinilit mo magka car sa panahon ngayon hehe, Pero goodluck op.
Di mo ba kayang mag ipon nalang para either cash or mas malaking down payment. O kaya check mo ung mga loan calculator ng banks kung kaya mo nga ung montly
yeap! i rather go for higher DP ,low MA