Car & Truck Financing
Car and Truck Financing is our Loan Option for those who wanted to buy their dream second hand vehicles, or for business owners their dreamed additional second hand truck to grow their business. We usually financing 70 -75% of the vehicles Fair Market Value (FMV) depending on the model and year model. Contact Us today to buy your dreamed second hand vehicle at 09338130418.
Truck Financing - Availment of Truck for Business
Car Financing - Availment of second hand Car / Vehicles
Second Hand Car / Truck Financing Requirements
Basic Documentary
1. Completely Filled Up Application Form
2. 2 Government Issued valid ID's
3. 2 pcs 2x2 pictures
4. Latest Electric Bill or Water Bill
5. ID of Spouse (If Married)
Major Requirements
6. Photocopy of OR/CR
7. Acknowledgement Receipt from Dealer (Downpayment or Reservation Fee )
8. Offer to sell
9. TIN ID / Tin number only
10. Proof of Income
> Latest 3 month payslip, Company ID and COE (if employed)
> DTI and Business Permit (If have a Business)
> Latest 3 consecutive Months Bank Statement (If any)
===========================
Qualifications
> Stable source of income for at least 1 year
> no negative findings
> 21 to 65 yrs old
Downpayment
> Minimum of 25% from the 2013 up to latest model based on FMV
> Minimum of 30% from 2008 to 2012 models based on FMV
> Minimum of 40% from 2002 to 2007 models based on FMV
> Minimum of 50% for Surplus, Imported models base on FMV
Charges
Cash Out (Fixed)
> 6% of amount approved which includes : Registration fee, Processing fee, CHM fee, PN Doc Stamp, LRI, and Notarial Fee.
Interest Rate
Car Loan
> 1.3% per month (For Car Loan)
Truck Loan
> 1.5% Japanese Brand
> 1.7% China Brand
Terms
> from 12 months up to 36 months
> 2008 models and above - up to 36 months
> 2003 to 2007 models up to 24 months
Acceptable Units
> Japanese, American & Korean Cars or vehicle