Best Posts in Thread: New motorcycle registration

I do not recommend doing illegal things, but I think I would just drive it and act dumb if stopped (when was the last time you saw someone pulled over for lack of plate?) . Learn how to identify the check points in advance to arriving at them, and sit down with the group of obviously also illegal riders and add some words to your vocabulary. An insurance policy of carrying a little extra cash, up to 5,000 P I guess, for bribing your way out a problem may be wise also. Know the Mayor of Dumaguete's first name even if you do not know him personally and mention being married (or at least sleeping with ) his cousin (just pray the officer is not married to her also). I would not worry a whole lot about it. I would just practice smiling and playing dumb... I have that down now. This is just another alternative approach to solving a ridiculous problem created by the Filipino government agencies.

 

I think the key word here is "Cebu". In the Philippines each office operates under their own rules. The Dumaguete office has different 'Standard Operating Procedures' which is obvious just taking a helmet count.

 

Several years ago I had occasion to visit the Cebu Cirty impound lot (involutarily). Inside was about 50+ brand new motoircycles with the "for registration" plate on the back, with weeds growing up through them. LTO cannot supply plates, so they impound the motorcycle until they can. Owner pays per day, of course.

This falls under ther slogan,


"It's more fun!"

 

Did that already for two years now with the pajero. Very convenient indeed.

 

WEIRD how they do things here! The Wife got her friend to ride her Yamaha to the Smoke Test center last Monday, we went in by Jeepney and met up with them. They paid for her Registration to be renewed via the guy who did the Smoke Test. Fast forward to today (Monday Week later) and her friend has the Registration Papers ready for her to pick up! The Wife did not need to go anywhere near the LTO!

 

You must have spoken to the A S S ....... BPI Auto Loans BPI Loans
It is not about what you think you know...... it is about what you will know after talking to the HEAD!
Yes, Cars and motorbikes financing available, no problem.

 

Negotiating is some kind of an art not everyone can perform to get the best out of it but only as far as the dealer is willing to cooperate of course.

 

I agree totally. I will only add that you really must deal "DIRECT" with the bank. The interest rates can be hire if you go to your banks online site and apply through their main office. So sayeth my bank manager who made me sign a form that I wished to deal directly with him and withdraw my application from head office.

 

I purchased a brand new vehicle in 2014 and the car was just paid off. BPI Loan that I arranged with the bank. P150,000 down payment. Price for vehicle including 1 year full insurance and 3 years LTO was P750.000 Loan amount P600,000 Monthly payment P19,200 x 36 months = P691,200. Total interest for 36 months was P91,200. Interest per year average was P30,400. Interest rate per year 5,067 %, add-on rate for 3 years 15,2%. I felt that the bank gave me a very attractive loan, and I am a happy camper. Been very busy the last 3 years, and we have only driven the car 6,200 kilometer. That car will last a long time. There are good deals out there if you just do it the right way and speak and negotiate with the right managers. When you buy a car, never go for the dealer financing...it is a RIP OFF! In my particular case the dealer asked for monthly payments of P22,800. That is a difference of P3,600 per month, which over 3 years totals P129.600. What a RIP OFF! It is better to be safe than sorry..... select a car and than negotiate a loan DIRECT with the bank..... You will feel much better that way!