Expat Community > Philippines

standupguy
Joined 2013
Posts: 2947

Gullible- NA!

6 years ago

Most filipino’s who buy a new car don’t research the MSR price, nor do they crunch the numbers on the spreadsheet. They see the word “promo” and jump in thinking “freebies”. tinting, seat covers/mats, LTO 3 yrs. ,insurance 1 year, chattle fees. 60
months with low monthly payments, up to P75 k discount Oh-WOW! But crumch the Numbers for 5 years and the MSR price doubles. Dealership invoice plus 10% is the waterline. Dealerships are in the business of selling car loans first and cars second. Full cash payments wipe out freebies, and get you a P10 k discount at most on a Dealership suggested price which is usually over 10% of the Manila price. Check TopGear.com for the true MSR price and comparao’s. For used, check the manual for oil/filter changes at 1 000 k, and every 5 k thereafter. Stay under 25,000 km.

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