BDO Auto Loan vs Credit to Cash

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Personally for me, credit to cash. Car is not under collateral and pwede ibenta anytime since it will be fully under your name in case you need to sell it. Also no extra hassle of getting rid of the mortgage annotation on the registration. 5k difference is immaterial IMO.

May offer sila na mababa. Madalas na nakukuha ko is 0.44. Lowest ata is 0.32.

Hmmm bakit wala ka cash discount?

SRP is 1,548,000 and got 60k discount. Same discount for cash and bank PO.

+1 and in worst case, di mahahatak kotse. You can sell and use the proceeds to pay off. More win from your end

may I ask kung anong bank po yung Credit to Cash? that is 0.49% monthly addon rate for 36mos. you can actually negotiate that para mapababa pa ng onte (natry ko na before with my unionbank cc). also, kung may iba pa kayong card, pwede nyo itry din maginquire ng rate nila for C2C. I've read merong mga nakakakuha ng as low as 0.3x% addon rate, di ko lang maalala kung anong bank

Nagawa ko na din to and credit to cash ang pinili ko for convenience. Pero ang mali sa computation mo is yung promo, usually pag auto loan may promo yan na free chattel, LTO registration, ctpl, and 1st year insurance. Sa end ko ang total is mas mahal ng 40k+ pero mas pinili ko pa din credit to cash for convenience.

Ito price nung 5k difference. CC - property mo yan Loan - property ni bank yan Kapag nagka emergency ka or ano man natripan mo pwede mo ibenta. Vs loan wala ka choice kay bank yan, either surrender or ipasalo mo.

Hello! 3 years LTO registration and 3 years TPL free na kasama sa quote from BYD. Chattel mortgage hindi daw ma-wawaive according to BDO. For approval pa yung 1st year insurance 😊

BDO po yung 0.49% na rate. I'll try to nego kung kaya pa mapababa yung rate. Thanks for this!

C2C - Borrowing cash Bank loan - Borrowing car C2C wins

Hanap ka lang ng ibang bank kahit online. Mga auto loan promos. Malaki din kasi un 24 CM tapos sabihin na nating 20k insurance 44k na. Kaya ata naging 40k din yung difference nung akin. Lalo na sa hybrid mahal nga pala insurance so sabihin na natin +/- 50k total difference. Dun ka mag decide.

Make sense. Key difference is nasa sayo pa din yung car whatever happens. Madali na din mabenta if ever dahil nasa name muna yung car. Tama nga. For convenience. Nice! good thing my C2C na ang mga CC company.

So basically wala din pala huge benefit if nag credit to cash. What about the insurance OP? Baka mas mahal if galing sa auto loan. If not, go sa auto loan since magagamit mo pa CC mo on other things.

Credit to cash para di ka na babayad ng pag papa remove ng encumbrance sa RD

And mag earn pa ito ng cc points?

Wala atang pointa anf credit to cash.

Yes walang points pag credit to cash or installments, pero depends din sa klase ng card

+1 dito atleast nasayo rin papers. Tapos d ka required sa mga mahal na insurance ng bankat d ka rin required na sa casa ipa pms lagi

I think wala dapat chattel mortgage na since dapat wala ng encumbrance sa OR/CR sa banko and sa CC na lang applicable yung payment mo. Hindi din nila mahahatak yung kotse pag may default.

OP san dealership to na may 60k discount? Highest I got is 50k

Plan ko din tong gantong setup cash to go sa metrobank, since may offer sakin na .48 monthly add on rate from 1%, ilan po monthly add on rate jan ? Will it be consider cash payment na po diba, so pede pa po kayo maka hingi ng cash discount?

go with bank loan. cc may annual fee na d mnsan ayaw ipawaive since may existing loan ka. also mas ideal I keep ung credit for emergency like hospitalization

Go nako sa credit to cash after 5 years less hassle pa

Usually .48-.49 lang din sa BDO. Anything less than .5 is already a good deal. Sa BPI .55 pa

Anong bank yan? Last year may nakita akong .33 sa UB, pero di na ulit bumalik.

May points kaya?

Madami cash discounts now ang BYD, no same benefit for credit?

What is credit to cash? And which banks offer that?

also go with free + locked insurance with auto loan lalo na china car pla bblhn mo mahal ang quote ng mga insurer sa mga yan

BDO. Usual offer sa akin is 0.42 or 0.44. Sa nanay ko na ayaw sa loan 0.32 pinakalowest. Halos pamigay yung interest.

Almost all commerical banks offer it. It basically allows you to convert your credit limit to cash and pay it in installment.

Ito na yung max discount na nakuha namin among the dealers

Yes 0.49 monthly interest. Once approved, hihingi sila ng savings account where they will transfer the cash. Yes good as cash sa transaction with the car dealer.

Nagpa compute ako sa bank manager ng rcbc ng ganyan. I dont have the real numbers pero mas malaki ung interest ko for credit to cash kesa mag auto loan. 50%dp rin kasi siguro at hexagon member

Advantage if cc ang gamit is nasa sayo na yung or cr and incase di kaya bayaran yung car then you can just sell it.

Depends on the bank

Eastwest goes as low as 0.35, BDO goes as low as 0.39. Both based on experience.

Curious lang po regarding credit to cash, sinasabi niyo pa ba sa agent na for car ito or hindi na? Kasi iniisip ko baka ipush ng car loan kapag nalaman. ThNk you

Nasa 0.38%/mo lang yung interest sa Bank Loan?