Having a car of your own can be an excellent investment, especially if you live in a place like the Philippines where public transport can be difficult and tiring. If you live a fast-paced life, or just happen to travel regularly, you might want to consider investing in a car.
The benefits of having a car
One great benefit of owning a car is that you can travel within the comfort of your own vehicle. If you need to travel to your workplace, you won’t need to worry about transportation fares or not having any seats available on the bus since you can drive to your office. With a car, you wouldn’t have to worry about running out of seats or sharing space with other commuters.
For Anna*, having a car would be a great help. She lives far from her workplace and has to commute daily since she doesn’t own a car. Because her office is far from her home, she has to wake up two or three hours before her shift starts to account for travel time and rush hour so she won’t be late in case of traffic jams. Aside from having to wake up super early, there’s also the issue of long lines for zero to few rides.
Another benefit of having a car is that you have access to transportation whenever you need it. With a car, you can get around easily – you will avoid being late going to the office, no more getting caught up in rush hour or waiting in line for the bus.
Owning a car is also great if you just love traveling and would want to explore the beautiful places near the metro, with your friends or family. Investing in a car is one of Kevin’s main goals. A father of two, Kevin* and his wife have been planning a family trip. They’re not aiming to go anywhere fancy; Kevin wants to be able to take the family and experience nature by visiting family at the province. For him, owning is a really good investment – a big help for his family’s comfort and just by freely doing day to day errands without too much inconvenience.
While having a car has benefits, it can also be pretty expensive, especially if you plan to buy one outright. If you want to get the car you have always wanted but don’t want to hurt your budget, you might want to consider getting an auto loan instead.
The benefits of getting an auto loan
Financing a car with an auto loan allows you to get a car without worrying about paying in one go, and you can break down the cost into more manageable payment intervals. Getting an auto loan will be lighter on your budget, and you can enjoy the benefits of having a car while keeping your savings intact.
Getting a car with an auto loan is beneficial if you’re trying to save up. If you apply for a BDO Auto Loan, you can discuss loan terms and plan out your payments more effectively so you can get your hands on the car you’ve always wanted.
Turning that vision into reality with BDO Auto Loan
BDO Auto Loan can finance brand-new, including electric and hybrid-electric vehicles, whether it’s for business or personal use. BDO offers affordable cash-out options, which includes an option to finance chattel mortgage fees and first year motor insurance, or discounted motor insurance premium for the entire term of the loan; low-interest rates and fast processing. If you want to get computations to compare with other quotations, you can visit any BDO branch or use the Auto Loan Calculator on BDO’s website.
Whether you’re looking for the vehicle you’ve always wanted or investing in a vehicle for your business, BDO Auto Loan is the key to turning your aspiration into reality.
To learn more about BDO Auto Loan and its application requirements, you can check out BDO’s website for more information.
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