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6 Timeless Tricks to Guide Your Car Purchase This 2016 and the Coming Years

Title: 6 Timeless Tricks to Guide Your Car Purchase This 2016 and the Coming Years

It’s 2016! If one of your goals this year is to buy a new car or prepare for a purchase in the coming years, you better start planning now while it’s still early in January. Speaking of planning, you might want to get one of the cars in [+ MSN’s list of trendy cars to wait in 2016-2019+]:

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p={color:#000;}. 2016 Porsche Cayman GT4, 2016 McLaren P14 Supercar
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Yes, most of these are luxury cars. But who says you can’t get one? All it really takes is careful research and planning to get a great car loan deal from a reliable provider.

Because we just love cars and we know you do too, here’s our timeless car purchase and auto loan shopping advice to those planning to get a new family vehicle:

#
p<>{color:#000;}. Opt for the shortest tenure that perfectly suits your budget. Much like gadget makers, car manufacturers have become more and more innovative and competitive today, releasing new models every year or so. This can make your once favorite vehicle not-so-attractive in the near future. With this in mind, you better make sure you’ve paid it in full before you lose your love for it and resort to refinancing.

#
p<>{color:#000;}. Negotiate on the car’s purchase, not on the monthly payment. Cutting down on the car’s purchase price is one way of shortening your loan tenure and, consequently, reducing the interest rate. The best way to do this is to avoid getting after-market products and service, unless necessary, because the cost of these will be placed on top of the vehicle’s actual price.

#
p<>{color:#000;}. Shop for the car and loan separately. Many Philippine banks and private lenders today offer multi-purpose personal loan at low rates, which you can use for the down payment. The rest of the monthly amortization you may manage using your monthly income.

#
p<>{color:#000;}. Shop around for better deals, and let prospect lenders know that you’re shopping around. This will make them more competitive lowering their rate and offering you better perks.

#
p<>{color:#000;}. Research, research, research. Don’t settle down unless you feel that you’ve got your hands on the best deal. Use the right loan calculators and visit loan comparison websites such as loansolutions.ph to keep you guided on everything about loans.

#
p<>{color:#000;}. Be wary of the fine print. Beware of the Yo-yo Scam circulating recently on the market. This scam is about giving buyers the false impression or not informing them outright that the deal is final. Dealers don’t consider the deal final if the money hasn’t arrived yet in the account. So if you take the car without this assurance, they may charge you of rental fee or may take back the car at the expense of your deposit.

Car purchase is a major financial decision. So it’s best to keep in mind the tips above to guide your purchase. Or better yet, contact our authorized agents here at Loansolutions PH to facilitate your car and loan shopping.


6 Timeless Tricks to Guide Your Car Purchase This 2016 and the Coming Years

It’s 2016! If one of your goals this year is to buy a new car or prepare for a purchase in the coming years, you better start planning now while it’s still early in January. Speaking of planning, you might want to get one of the cars in MSN’s list of trendy cars to wait in 2016- 2019: 2016 2016 Porsche Cayman GT4, 2016 McLaren P14 Supercar 2017 2017 Ford GT, 2017 BMW 5-Series/M5 2018 2018 Land Rover Defender, 2018 Honda Civic Type R 2019 2019 Lamborghini Asterion Yes, most of these are luxury cars. But who says you can’t get one? All it really takes is careful research and planning to get a great car loan deal from a reliable provider. Because we just love cars and we know you do too, here’s our timeless car purchase and auto loan shopping advice to those planning to get a new family vehicle: 1. Opt for the shortest tenure that perfectly suits your budget. Much like gadget makers, car manufacturers have become more and more innovative and competitive today, releasing new models every year or so. This can make your once favorite vehicle not-so- attractive in the near future. With this in mind, you better make sure you’ve paid it in full before you lose your love for it and resort to refinancing. 2. Negotiate on the car’s purchase, not on the monthly payment. Cutting down on the car’s purchase price is one way of shortening your loan tenure and, consequently, reducing the interest rate. The best way to do this is to avoid getting after-market products and service, unless necessary, because the cost of these will be placed on top of the vehicle’s actual price. 3. Shop for the car and loan separately. Many Philippine banks and private lenders today offer multi-purpose personal loan at low rates, which you can use for the down payment. The rest of the monthly amortization you may manage using your monthly income. 4. Shop around for better deals, and let prospect lenders know that you’re shopping around. This will make them more competitive lowering their rate and offering you better perks. 5. Research, research, research. Don’t settle down unless you feel that you’ve got your hands on the best deal. Use the right loan calculators and visit loan comparison websites such as loansolutions.ph to keep you guided on everything about loans. 6. Be wary of the fine print. Beware of the Yo-yo Scam circulating recently on the market. This scam is about giving buyers the false impression or not informing them outright that the deal is final. Dealers don’t consider the deal final if the money hasn’t arrived yet in the account. So if you take the car without this assurance, they may charge you of rental fee or may take back the car at the expense of your deposit. Car purchase is a major financial decision. So it’s best to keep in mind the tips above to guide your purchase. Or better yet, contact our authorized agents here at Loansolutions PH to facilitate your car and loan shopping.

  • Author: Maricor Bunal
  • Published: 2016-08-12 06:35:18
  • Words: 522
6 Timeless Tricks to Guide Your Car Purchase This 2016 and the Coming Years 6 Timeless Tricks to Guide Your Car Purchase This 2016 and the Coming Years