A 3-step guide to your first new car: Simplifying the journey with BDO Auto Loan
Buying your first car is a thrilling yet challenging experience. From choosing the perfect vehicle to figuring out financing, the process can feel overwhelming for a first-timer. Questions like “What car suits my needs?” or “What can I afford with my budget?” often come up. This is where BDO Auto Loan comes in to make your car buying journey a smoother experience.
Here’s a simple 3-step guide to help you confidently turn your vision of the ideal car into reality:
- Research: Explore Your Options Using the BDO Auto Finder and the BDO Auto Loan Calculator
Start by exploring the latest car models, available on the BDO Auto Finder. This online tool helps you compare car brands and models, features, and prices to determine which vehicle suits your lifestyle and budget. Whether it’s a compact car for city driving or an electric vehicle for eco-conscious commuting, Auto Finder helps you narrow down your options and decide which car is for you.
Once you’ve selected a vehicle, use the BDO Auto Loan Calculator to estimate your monthly payments based on your chosen vehicle’s price, or compute your loanable amount based on your monthly income or preferred monthly payment. By factoring in the vehicle price, down payment, and loan term, you’ll get a clear idea of what fits your budget and can plan your finances effectively.
- Prepare Your Documents Ahead for Smoother Processing
To speed up the loan application process, gather all the required documents such as proof of income and valid IDs. Then you can submit your application online or visit one of their 1,200 branches nationwide. With a fast turnaround, you’ll receive a decision within 24 hours upon submission of complete requirements!
- Get Behind the Wheel
Once your loan is approved, you can now complete your purchase.
BDO Auto Loan offers competitive rates and cash out options. You can package additional costs like chattel mortgage fees and first year insurance premium into your loan. For added peace of mind, opt for the multi-year insurance coverage, which offers discounted rates for the entire loan term.
Buying your first car is a big step, but with BDO Auto Loan, it becomes simple and hassle-free. From research to financing, BDO provides the tools, guidance, and flexibility you need to achieve car ownership.
Take the first step today—visit www.bdo.com.ph/personal/loans/auto-loan or your nearest BDO branch, and let them help you ride your way.
ADVT.
This article is brought to you by BDO.
