AMA Bank

WinterFrost

Hello

Tanong ko lang po kung legit po ba tong AMA Bank? Because from what I've researched, it looks like sila lang nagooffer ng loan for second hand cars between '91 and 2000. Anyone here with experience dealing with this bank? Maayos ba ang process?

Thanks!

kelunji

I don't suggest taking out a loan on a second hand car. Talo ka diyan. Imbes na sa maintenance (w/c used cars need a lot of) mapunta ang pera mo, magbabayad ka pa ng loan. Kung mag-loloan k rin lang naman, brand-new na bilhin mo.

BeerhandBop

Just get a personal loan from a real bank. tapos bayaran mo ng cash yung seller using that money.

yung sinabi ni kenluji about getting a loan for a new car, e i think its wrong.

kelunji

BeerhandBop wrote: »

Just get a personal loan from a real bank. tapos bayaran mo ng cash yung seller using that money.

yung sinabi ni kenluji about getting a loan for a new car, e i think its wrong.

You can think what you want. Here's my logic, with a brand new car loan, you get warranty and less maintenance issues for the next 3 years at least, you can devote all the money you earn towards paying the loan. With a used car loan, you devote what money you earn towards paying the loan plus maintenance bills. When the threadstarter inquired about taking a loan on a used car one can safely assume that money is tight.

BeerhandBop

exactly, MONEY IS TIGHT.

hindi naman porke 2nd hand, ibig sabihin eh, madala na ang paayos.

ang saakin lang is, 'living within your means' the less money that goes towards paying for that car, the money money he has left in his pocket for other important things.

carlodeck

yup. legit bank ang AMA bank. I worked for that bank way back 2001 (first job ko).

Its a rural bank. They do give out car loans for 2nd hand cars. If you will notice, pag pumunta ka sa mga 2nd hand dealers, AMA bank usually has a banner there.

There are 2 banks that are aggresive in the used car loan business nowadays, one is AMA bank and the other is Accord Savings Bank

winterfrost,
PM me if you need help with the banks, I still know some of the guys there

kelunji

BeerhandBop wrote: »

exactly, MONEY IS TIGHT.

hindi naman porke 2nd hand, ibig sabihin eh, madala na ang paayos.

ang saakin lang is, 'living within your means' the less money that goes towards paying for that car, the money money he has left in his pocket for other important things.

Which is why I am discouraging getting a loan on a used car. read around on tips for buying used cars, number one tip is never blow all your money on the car purchase, save as much as a third of the budget for repairs.

piquanteye

Goodbye AMA Bank.

azzkikr

Kung slightly used yung sasakyan pwede ka magloan pero kung sobrang luma na better get a brand new vehicle.

xetaidothanhcom

AMA bank is the best solution