Car price: Negotiable price
Car price: ₱2,948,000
Car price: ₱3,390,000
Take some time to write down what you want from a car: How many people does it need to sit? Would you like it to be small or large? Are there certain features that you feel you can’t live without?
Most definitely, your interest in buying a vehicle for yourself or loved one is the main reason you are viewing our current list of used cars Coupe / Convertible for sale in the Philippines. These cars are offered by private owners, as well as certified car dealers. As you can see, the units differ in prices even if the model is the same.
You may already have a budget allocated, but did you know that you can opt for paying the unit through a financing company or a bank? This way, all you have to pay initially is the down payment, and then the remaining balance plus the interest rate can be paid on an installment basis.
However, the fear of not being approved is common amongst buyers, and that is understandable. So, how will you get approved for a car loan? Here are some tips for you:
Before you even apply for an auto loan, you must make sure that you have all the requirements at hand. Apparently, an incomplete requirement will never get you approved. Thus, look into different loaning companies and check which of them you can meet their requirements.
Dealerships from Auto brands around the country already offer in-house financing. You also have the option to apply to a bank and to private financial companies.
As much as possible, opt for three loaning companies or banks. It would even be better if you apply to private financial companies and banks. This way, you have a higher chance of getting a car loan approved, with at least one of them. Remember, different institutions have different approval rates due to the level of strictness of their rules and regulations.
Most loaning institutions will have a minimum required monthly salary in order to have a person approved. With that being said, you must evaluate your finances. In case you meet that minimum requirement, you should also consider your other monthly expenses such as bills, food, and when you will own the car, fuel. This will help you determine how much you need to loan; one which you can pay easily.
While you are applying for a loan to pay for the second-hand cars for sale you want, as well as while your application is being processed, you should try not to apply for any other loans. If upon credit checking, the institution sees that you are applying for another loan or you are about to have another credit, your chances of getting approved will be too low.
Obviously, your car loan will not be approved if you have no stable job. Additionally, it is best if the time while you are applying for the loan, you have been employed in the same company or running a business for two years straight.
Today, Filipinos can conveniently purchase vehicles with the help of financing. There are a lot of institutions willing to provide that financial need. All you need to do is meet their requirements, make sure you have a stable source of finances, enough disposable income, and have no other loan applications.
Thank you for using Philkotse.com and hope that you find your dream car the soonest!