Not Payment of Car Loan

nagato

Hi guys, tanong naman kung ano magiging consequences if hindi ko tapusin *** car loan ko. Kasi I am thinking of not finishing it anymore kasi hindi ko gusto *** unit na nabili ko. Thanks.

jpd74

sell it .... in house ba iyan or bank financing ?
once di ka nakabayad sa bank kukunin iyan ng bank at ibebenta iyan at di na isasauli ang pera mong na ibayad ... may masama ka pang record sa bank .. any future bank loans baka mahirapan ka ma approve dahil sa record mo ...

kelunji

nagato wrote: »

Hi guys, tanong naman kung ano magiging consequences if hindi ko tapusin *** car loan ko. Kasi I am thinking of not finishing it anymore kasi hindi ko gusto *** unit na nabili ko. Thanks.

Either isoli mo (di mo na makukuha yung naihulog mo) or ibenta mo, then assume balance yung bibili. Kasi kung hindi mo lang basta babayaran yan, hahatakin ng dealer yung kotse at ma-ba-blacklist ka sa mga banko/other dealers.

K.I.L.L.

The best thing to do is sell the car. You can ask the buyer to assume your loan or you can pay off the loan when you receive the funds from the buyer. Just work it out with the buyer.

nagato

jpd74 wrote: »

sell it .... in house ba iyan or bank financing ?
once di ka nakabayad sa bank kukunin iyan ng bank at ibebenta iyan at di na isasauli ang pera mong na ibayad ... may masama ka pang record sa bank .. any future bank loans baka mahirapan ka ma approve dahil sa record mo ...

Under sya sa BPI Family... Jan ko binabayaran yung loan.

Kent_210

Guys question! What if mag balloon payment ako sa car loan ko (bank financing)?

Let's after 1 year, gusto ko i-fully paid, may discount ba akong makukuha?

THanks sa sasagot!

jtp27

Kent_210 wrote: »

Guys question! What if mag balloon payment ako sa car loan ko (bank financing)?

Let's after 1 year, gusto ko i-fully paid, may discount ba akong makukuha?

THanks sa sasagot!

Hindi ba na-discuss ng bank yun tungkol dyan sa iyo? Kasi with BPI Family kahit bayaran mo yun total balance let's say after a year gusto mo na bayaran lahat hindi siya magre-recompute. Kaya nga what's the point of paying the full balance kung wala naman discount. Yun nga lang wala ka ng utang.

Xanax

Kent_210 wrote: »

Guys question! What if mag balloon payment ako sa car loan ko (bank financing)?

Let's after 1 year, gusto ko i-fully paid, may discount ba akong makukuha?

THanks sa sasagot!

wala.

ganyan din bro ko nun, yearly sya magbayad ng kanyang car loan.

BeerhandBop

"Guys question! What if mag balloon payment ako sa car loan ko (bank financing)?

Let's after 1 year, gusto ko i-fully paid, may discount ba akong makukuha?

THanks sa sasagot! "


wala - in some cases, you'd have to pay surcharge pa ata for paying your loans early.

this is the most $tupid thing in the philippine banking system. they should encourage people to pay their loans early.

yung chattle mortgage pa and doc stamp fees. p0ta3na nyan.

slamm

Kent_210 wrote: »

Guys question! What if mag balloon payment ako sa car loan ko (bank financing)?

Let's after 1 year, gusto ko i-fully paid, may discount ba akong makukuha?

THanks sa sasagot!

Best to check the terms and conditions and contact your bank for their policies.

The way consumer loans are structured (housing and auto), a lot of the interest is really paid in the first half of the loan term and majority of the principal is covered towards the latter part of the loan.

KYasurin

Bakit dati nagtanong ako sa PSbank, kung mababayaran mo siya ng early, mababawasan din ang interest.

kaya dapat talaga bago ka papasok sa loan, naintindihan mo ang terms and conditions.


Kung may pera naman, with or without the discount, bayaran mo na utang mo, sakit sa ulo yang may iniintindi, eh may pera ka naman, so why not.

Flyunzipped

KYasurin wrote: »

Bakit dati nagtanong ako sa PSbank, kung mababayaran mo siya ng early, mababawasan din ang interest.

kaya dapat talaga bago ka papasok sa loan, naintindihan mo ang terms and conditions.


Kung may pera naman, with or without the discount, bayaran mo na utang mo, sakit sa ulo yang may iniintindi, eh may pera ka naman, so why not.

Depende sa banko e, yup sa PSBank pwede, irerecompute nila. Sa BPI ako nagloan at natanong ko yan before sadly walang recomputation sa kanila.

Kent_210

Thanks sa mga sumagot. Tama kayo, walang recomputation :(

KYasurin

Flyunzipped wrote: »

Depende sa banko e, yup sa PSBank pwede, irerecompute nila. Sa BPI ako nagloan at natanong ko yan before sadly walang recomputation sa kanila.

kaya dapat pag planning to loan ka, pagtanungan mo ang lahat ng banko, wala naman mawawala eh diba.

marie_tenorio

guys may notice ba bago mahatak car mo? how much po ba naibebenta ang 2011 honda city automatic na 1.5? thanks po.

Kent_210

kelunji wrote: »

Either isoli mo (di mo na makukuha yung naihulog mo) or ibenta mo, then assume balance yung bibili. Kasi kung hindi mo lang basta babayaran yan, hahatakin ng dealer yung kotse at ma-ba-blacklist ka sa mga banko/other dealers.

Sir, hingi lang ako ng details dun sa case na ibebenta yung car.

I have a car i bought 6 months ago worth 1.25M. I paid 130k for DP and paying 24k per month for 6 months now. Incase na gusto ko siyang ibenta at a price of 900k (yun kasi yung standard price sa sulit for that model), paano magiging computation nun? Do i still expect for a cash back?

manongblogger

yan ang masaklap pag ang kotse kinuha through car loan tapos hindi mo matapos due to some unavoidable circumstances. may kapit bahay ako hindi na makabayad, itinatago ang kotse sa ibang address, kaya kahit anong punta nung sherif para hatakin yung car wala sila mahatak

mr_yuso

@manongblogger - Ano magiging consequences nun kapag di nya binigay kotse nya? Maliban sa bad record sa bangko, di ba sya magkakaroon ng kaso nun?

Salamat!

pinkhaycee

Nakakabwisit ang BDO, nilagay nila sa default yung account ko na car loan. Meron ba dito na same experience na pwede makahingi ng payo? Thanks

lizbethann.ucc

pinkhaycee wrote: »

Nakakabwisit ang BDO, nilagay nila sa default yung account ko na car loan. Meron ba dito na same experience na pwede makahingi ng payo? Thanks

An0 p0ng dfault act?

[email protected]

due date ko today for the 3mos default, may pambayad naman na dadating from my final check, but BDO is enforcing to pay today, pwede ba makiusap kahit 3 days? madedelay yung release from the payroll..need help sobrang stress na,, ( my mom has cancer and kids need to stay in school, kaya nakikiusap sana). anyone here knows how BDO auto loan officers can help? or wala na talaga??