Better, exciting 8th BPI Family auto loans event kicks off at MIAS

Open the site, cal.bpiautoloans. com/loan-calculator/bpi, and you will be directed to BPI Family’s 60-second auto loan test, a unique calculator that lets you input the price of your dream car, the preferred down payment, as well as payment terms.

“It empowers you as it lets you find out if you pre-qualify for car financing. You could adjust key information such as price, down payment, and term length on your favorite vehicles to calculate your monthly payment. That puts you in the driver’s seat with your auto financing,” explains BPI Family Retail Lending Group head Qit Abola.

He adds this alone would be enough to let one know if he or she is ready and able to make that dream car a reality, especially when visiting the Manila International Auto Show (MIAS) that runs from April 5 to 8 at the World Trade Center in Pasay City.

(Check out www.bpiautoloans.com for additional information.)

“By being at MIAS, we are able to show clients that car ownership can be a hassle-free and rewarding experience. Imagine that once you have made choice, you can drop by our booth and apply for an auto loan in just a minute. It is very convenient, approval is fast, and we have exclusive offers to make car ownership really easy for all MIAS visitors,” Abola promises.

He says that BPI Family also partnered with Volkswagen so that those who will be availing of the elegant sedan during the MIAS would be able to avail its all-in, low-down payment of P180,000.

Empowering Filipinos

BPI Family continues to empower Filipinos to make their auto dreams happen through its continued partnership with MIAS.

Now on its 8th year, the partnership has helped hundreds of families find affordable car loan packages and gain trusted financial advice.

“As a leader in the auto loan industry, BPI Family always seeks to help Filipinos own the car of their dreams,” says Abola. “With all the cars on display, we want to be the bank partner when a MIAS visitor is finally ready to buy his or her dream car.”

Alvin Uy, co-founder and organizer of MIAS, said that MIAS has become an event that speaks to Filipinos about cars. “With over 130,000 expected visitors in the four-day event, MIAS and BPI Family hope to offer the best deals,” says Uy.

With the theme #MIAS Work and Play, MIAS will once again present the latest brands and models of cars, motorcycles, trucks and other commercial vehicles.

“Having an auto loans partner is an essential success ingredient of any event, and we are excited about this year’s partnership with BPI Savings, especially since loan facilities are vital in ensuring sustainable growth in the auto industry. Having an auto loans partner allows for affordable payment options and schemes to our visitor. We thank BPI Family for its continued trust in our event and making sure that our visitors are given the best deals at very competitive interest rates for their purchases,” explains Uy.

While the effects of the recently-implemented Tax Reform for Acceleration and Inclusion (TRAIN) law may worry potential car buyers, BPI Family believes that the tax law, which also results in additional disposable income, will compensate for the price increase.

Interestingly, a check of several price lists showed that the prices of a number of vehicle models have remained the same, while others that had price increases were within manageable levels and still affordable with current payment terms.

“The additional purchasing power freed up by the TRAIN law should give potential car buyers the ability to purchase vehicles despite the increases in prices, fuel, and overall inflation. Along with our affordable loan packages, we believe that we can give families the best offers that suit their capabilities and needs,” said Nicholas Mapa, BPI economist.

Worldbex Services International (WSI) founding chairJoseph Ang said that complimentary tickets await the first 1,000 preferred clients who will visit the MIAS event.

“All they have to do is present their BPI Gold Debit Card, Ayala Rewards Circle Card, and BPI EMV Debit Card, or GOLD BPI Express Credit Card,” Ang said.

There will also be exclusive offers and exciting freebies for those who will apply onsite, including free comprehensive insurance for the first year, free chattel mortgage fees, and free Petron gas card.