08/30/2026
🚨 MAS MURA ANG CAR… PERO MAS MAHAL ANG MONTHLY?! 😳
Yes, possible ‘yan.
Maraming Filipino buyers dito sa Canada ang akala:
"Mas mura yung selling price, so mas mura din dapat ang monthly payment."
❌ Hindi laging ganun.
When financing a used car, hindi lang presyo ng vehicle ang tinitingnan.
🏦 Banks may consider things like:
• Your credit profile
• Income
• Existing debts
• Payment history
• The vehicle itself
• Model year
At dito nagiging interesting 👀
The vehicle’s model year can affect **how long the vehicle may be financed**, depending on the lender and financing program.
For example, imagine:
🚗 2018 Toyota RAV4 — $25,000
vs.
🚘 2022 Honda Civic — $25,000
SAME SELLING PRICE.
Pero dahil magkaiba ang model year at potentially magkaiba ang available financing term:
2018 RAV4
➡️ roughly $350 bi-weekly for 4 years
2022 Civic
➡️ roughly $230 bi-weekly for 7 years
That's approximately $120 difference every two weeks. 😳
So here's the BIG lesson:
❌ Don't shop based only on the selling price.
Instead, ask:
“Magkano ang comfortable payment ko every month?”
Because your payment can depend on several factors:
💰 Vehicle price
📈 Interest rate
💵 Down payment
📅 Financing term
💳 Credit profile
🚗 Vehicle/model year
Sometimes, a vehicle with a *higher selling price* can have a *lower payment* because it may qualify for a longer financing term or different financing program.
That's why before saying:
> “I want the cheapest car.”
Try saying:
> "This is my comfortable monthly budget. What options do I have?"
Then work backwards from there.
Because remember:
# SAME PRICE ≠ SAME PAYMENT. 🚗💰
👇 Quick question for you:
If you had a choice between:
A. $25,000 vehicle at $350 bi-weekly
or
B. $25,000 vehicle at $230 bi-weekly
Which one would YOU choose?
Comment A or B and tell us why. 👇
📲 Follow for more simple car-buying and financing tips in Canada.
