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car loan for second hand cars

do you know a bank or finance company which offers this?
if yes, what are the terms and conditions if for example im buying a car which is arnd 100,000 PHP?

Comments

  • KuyaDannyKuyaDanny Moderator PEx Moderator
    RCBC Savings and Metrobank are two banks which finance second hand automobiles. You should make your own inquiries about the terms and conditions.

    Generally, the car financed must not be older than five years. The term of the loan is usually the "remaining life to five years", ie, if the car is a 1999 model, it would be considered a four year old car and the maximum loan term is 5 years minus 4, or one year.

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