If you want to apply for a bank loan so you can buy a new car, take note of auto insurance comparison first before getting down there. Once you’ve chosen a car that suits your budget and lifestyle, it’s time to do some math. A higher downpayment and longer payment period will result in lower monthly installments. Meanwhile, a lower downpayment and shorter payment period will mean higher monthly dues. Banks allow you to customize your payment scheme based on cash on hand and monthly cash inflows, so take advantage of this and choose terms that are most manageable given your income, with allowances for rainy days factored in.

It’s also a good idea to snap up bank promos made in partnership with car dealerships. Perks like discounts, freebies and even lower interest rates, are factored in to make it irresistible to car buyers.

LOL. The lover is very fond of cars like dad and my youngest sibling. I think they can relate with each others’ experience when it comes to vehicles and perhaps some Ferrari parts. Mind you, my youngest sib has the four Ferrari cars (though they’re just miniatures and very tiny) which came from a gasoline station if you buy something worth 500 pesos I guess? Mom can’t resist so she had no choice of making my younger brother happy.