Course 12410 lessons

Car buying and auto loans

The financial mechanics of buying a car in the Philippines, from new versus used and total cost of ownership to how auto loan amortization works and negotiating the real price instead of just the monthly payment.

New vs. used: the first financial fork in the road

Before any talk of loans or interest rates, buying a car starts with a simpler question: new or used. It's not just a taste decision, it's a financial one, because the two paths carry very different cost curves, risks, and paperwork.