May 31, 2017

Score the Best Deals on Car Loans with These Tips

Drive away with your dream car that fits both your budget and your needs.
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car loan tips Philippines

Is buying a car really an investment?


Before heading out to your nearest car dealership, think about why you’d like to get a car loan. One of the reasons people buy a car is to have their own means of transportation, instead of relying on public vehicles. This is especially true when you are a family or group which travels frequently.

Ride sharing is also surging in popularity nowadays, which is great as an additional source of income if you know how to drive.


Do your research


Once you apply for a car loan, you must know the documents being requested of you. This can be done by going online and checking auto loan forums and interacting with the people there. Ask them about what sacrifices they committed just so they could pay for the monthly installments.

After learning their stories, analyze whether their life after committing to monthly car payments changed for the worse. If things did go south, ask them what went wrong and ask for professional tips. But don’t make scathing remarks about their inability to pay their monthly bills.




Know what car you truly need


The initial screening process of loan companies involves a query of your chosen car brand or type. For this, remember to buy something you truly need. If the car is a for a family of six, don’t buy a sedan since you and your loved ones will get cramped. If you have a big family, select a slightly larger vehicle to fit everyone, even if the payments can be steep. Don’t bother buying a car that causes discomfort, even if the down payment is low.


Do it for all the right reasons


Whatever your purpose is for getting a car loan, make sure you know what your money is getting you. If you are loaning because you want to be a driver of a ride-sharing vehicle, follow the mentioned steps in this article. If you need a car for work because commuting consumes a lot of your time and energy, loan a vehicle that has the best fuel economy, brakes, and safety systems instead of the shiniest one.


Regardless of the plan the company gives you, it all boils down to who, what, where, when, and why. Who made you decide to get a car loan? What is the purpose for filing a loan? Where will you bring the car? When will you finally pay it off completely? Why are you doing this? If you could answer all of them confidently, then you’ve made the right choice.


Find the best cars for you by checking our list of cars or browse our ShoppersGuide Directory for specific brands.

Edwin Allan Diaz

Allan is a freelance writer from the Philippines. He has written for various media outlets in and out of the country after graduating from the University of Santo Tomas with a Bachelor of Arts Degree in Journalism. He would play computer games and perform music together with his bands during his spare time. He has a bucket list that he wants to fulfill, including going around the world on a bicycle and performing in a gig once a day, for 365 days.

Edwin Allan Diaz

Allan is a freelance writer from the Philippines. He has written for various media outlets in and out of the country after graduating from the University of Santo Tomas with a Bachelor of Arts Degree in Journalism. He would play computer games and perform music together with his bands during his spare time. He has a bucket list that he wants to fulfill, including going around the world on a bicycle and performing in a gig once a day, for 365 days.

Disclaimer: All articles in the Consumers Magazine of ShoppersGuide.com.ph (SG) are for general information and entertainment purposes only. Although careful research has been made in writing them, SG does not make any warranty about the completeness and accuracy of all information presented in our articles. Our content is not intended to be used in place of legal, medical, or any professional advice.

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May 31, 2017

Score the Best Deals on Car Loans with These Tips

Drive away with your dream car that fits both your budget and your needs.

car loan tips Philippines

Is buying a car really an investment?


Before heading out to your nearest car dealership, think about why you’d like to get a car loan. One of the reasons people buy a car is to have their own means of transportation, instead of relying on public vehicles. This is especially true when you are a family or group which travels frequently.

Ride sharing is also surging in popularity nowadays, which is great as an additional source of income if you know how to drive.


Do your research


Once you apply for a car loan, you must know the documents being requested of you. This can be done by going online and checking auto loan forums and interacting with the people there. Ask them about what sacrifices they committed just so they could pay for the monthly installments.

After learning their stories, analyze whether their life after committing to monthly car payments changed for the worse. If things did go south, ask them what went wrong and ask for professional tips. But don’t make scathing remarks about their inability to pay their monthly bills.




Know what car you truly need


The initial screening process of loan companies involves a query of your chosen car brand or type. For this, remember to buy something you truly need. If the car is a for a family of six, don’t buy a sedan since you and your loved ones will get cramped. If you have a big family, select a slightly larger vehicle to fit everyone, even if the payments can be steep. Don’t bother buying a car that causes discomfort, even if the down payment is low.


Do it for all the right reasons


Whatever your purpose is for getting a car loan, make sure you know what your money is getting you. If you are loaning because you want to be a driver of a ride-sharing vehicle, follow the mentioned steps in this article. If you need a car for work because commuting consumes a lot of your time and energy, loan a vehicle that has the best fuel economy, brakes, and safety systems instead of the shiniest one.


Regardless of the plan the company gives you, it all boils down to who, what, where, when, and why. Who made you decide to get a car loan? What is the purpose for filing a loan? Where will you bring the car? When will you finally pay it off completely? Why are you doing this? If you could answer all of them confidently, then you’ve made the right choice.


Find the best cars for you by checking our list of cars or browse our ShoppersGuide Directory for specific brands.

SHARE this ARTICLE
Facebook Twitter Google+

Edwin Allan Diaz

Allan is a freelance writer from the Philippines. He has written for various media outlets in and out of the country after graduating from the University of Santo Tomas with a Bachelor of Arts Degree in Journalism. He would play computer games and perform music together with his bands during his spare time. He has a bucket list that he wants to fulfill, including going around the world on a bicycle and performing in a gig once a day, for 365 days.

Edwin Allan Diaz

Allan is a freelance writer from the Philippines. He has written for various media outlets in and out of the country after graduating from the University of Santo Tomas with a Bachelor of Arts Degree in Journalism. He would play computer games and perform music together with his bands during his spare time. He has a bucket list that he wants to fulfill, including going around the world on a bicycle and performing in a gig once a day, for 365 days.

This Chic and Sophisticated Unit in QC Can Be Your Next Home

Disclaimer: All articles in the Consumers Magazine of ShoppersGuide.com.ph (SG) are for general information and entertainment purposes only. Although careful research has been made in writing them, SG does not make any warranty about the completeness and accuracy of all information presented in our articles. Our content is not intended to be used in place of legal, medical, or any professional advice.

Sending feedback. Please wait...

Your comment has been sent.

Your comment is important to us. ShoppersGuide is now notified and will review the comment you sent.

An error has occurred!

Sorry for the inconvenience. ShoppersGuide is currently fixing this.


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