Originally Posted by SimonH
I was looking at vehicles the other day here and chatted to a few people. To be honest I wouldn't trust buying second hand.
By the feedback I got there are some good deals to be had when buying new, I looked at an Isuzu suv and a Misubushi Fortunate, the Mitsubushi came in at about 15m php, the Isuzu about 12 I think. Both should be available over a 3 or 4 year deal, or maybe a discount for cash
I'm sure someone with more experience will give much better adviseI hope there was supposed to be a dot between the 1 and 5. If not the supposed long nose tax is getting ridiculous
Over the years we have bought new and used vehicles, using finance or cash. The most recent was a Toyota Fortuner in December, which we paid cash. After negotiating with several dealerships the best discount i managed to get was 55,000 from 1.6m, which is around 3 to 4%. I would imagine you can get a better deal in the UK?
One thing you will find in the Philippines is they DON'T like cash buyers at the dealership. The reason is the salesman always want you to take out finance through them, as they get a percentage from the lender they use. The first time we used finance we made the mistake of taking out the loan with the dealer. Turns out they where using the same bank as us and we could have gone direct, saving us around 1,500 pesos a month over a 3 year period
Finance rates have dropped considerably over the past few years, so compared to a few years back you wont pay a fortune in interest charges.
Have you looked at Range Rover prices here? You might get a shock!
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