An OFW’s guide to buying that much-deserved car for the family

Dear OFW,

If there’s anything to be taken from your life story, it’s that your hard work has not gone unnoticed. We do see how wonderful you’ve transformed your life and the lives of the ones who matter to you. You toil night and day to bring bonne vie (good life) to your family. You face the tough grinds head on, amidst the loneliness brought about by making a livelihood in a place that will always be foreign and unfamiliar to you. Still, even in breaking the toughest of all challenges, you come out of it more steadfast than ever. You have an energy that flows within you that fuels your passion, your drive, to continue pushing. For years, you have been limitless. Thanks to your unequivocal perseverance, you’ve not only given your family a bright future, you’ve also basically driven the country’s economy to new heights. Thanks to your amazing display of Pinoy working attitude, you’ve contributed to the $25.76 billion in remittance money that sustains our growing economy. A remarkable feat for our country’s modern day heroes.

Here’s a hat tip to you for all the graduates in your family that you’ve supported over the years, and even for the house you’re paying off. And now, it’s time for you to enjoy the fruits of your labor. It’s time for you to play hard after working hard. We’re here to guide you, now that the prospect of buying a car for your family has finally crossed your mind. You know in your heart your family deserves this. You deserve this. So allow us to show you the way.

Of course, getting a car entails shelling out money, which means it is imperative that you get the perfect car for you and your family. Allow us to ask a few questions that could help you narrow down your automotive choices:

What is it that you want?

Is it important for you to own a brand new car? Or are you perfectly cool with owning a pre-owned vehicle that’s still good as new? Are you after the brand, the model, or after the specs? Gas or diesel? Addressing this means already setting expectations with your purchase.

How much are you willing to shell out?

Truth be told, cars are expensive, so it’s important to address the issue of cost even before scouting for one. What is your floor price and your ceiling price? Determining this early on means being able to manage your expectations. Remember that you always get what you pay for. So better get the best your money can buy.

Who will benefit your choice?

Will your family flip over a two-door sports car that could only fit two people at a time, or will they appreciate a mid-size van better where even your dog could travel comfortably with you? Your family’s choice also matter to your overall decision.

How long are you willing to pay for it?

Will your car loan amortization be spread out within a period of 3 years? 5 years? It is important to calculate the terms of your purchase to effectively manage your finances.

When you’re all set, then we’re all set. Click or tap here to visit the BDO Auto Finder to explore and compare vehicle selections (latest car models and specs, brands) and scout for one that will definitely shout, “I got this for the love of my family.”

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It just gets better: FREE GAS or BDO Rewards Points up to P10,000 for all successfully booked BDO Auto Loan online applications with a minimum loan amount of P500,000 to be paid for within a minimum loan term of 36 months. Promo Period is extended until May 31, 2016. Booking period is until July 31, 2016. Click or tap here for more details.

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