Commuting is very challenging in the Philippines. The decision to purchase a vehicle becomes a necessity instead of a luxury. While the allure of brand-new cars is undeniable, buying a pre-owned vehicle is also a good option especially if budget is an issue. One of the most apparent advantages of opting for a pre-owned vehicle is the substantial cost savings. But even if a pre-owned vehicle is more affordable, you might still need to take a car loan.
As a trusted financial partner with a rich history, M Lhuillier has emerged as a go-to choice for Filipinos seeking accessible, customer-centric, and transparent car financing solutions. Recognizing the unique needs of its customers, M Lhuillier introduces ML Quick Car Loan, offering hassle-free financing for second-hand cars from 2014 and up.
Why Opt for Second-Hand Cars with ML Quick Car Loan?
Practicality and Affordability
The primary reason customers choose second-hand cars is practicality. With ML Quick Car Loan, practicality meets affordability, as second-hand cars are inherently more budget-friendly. The bulk of depreciation has already occurred, making these vehicles a cost-effective choice for buyers.
Lower Insurance Rates
ML Quick Car Loan acknowledges the cost-conscious nature of second-hand car buyers. Not only are the cars more affordable, but insurance rates are also significantly lower compared to brand-new units. This translates to more savings in the long run, allowing customers to enjoy their dream car without breaking the bank.
What are ML Quick Car Loan Features?
Qualification Criteria
ML Quick Car Loan is available to locally employed individuals, OFWs, pensioners, and self-employed individuals with proof of income. Even pensioners with proof of pension payments are eligible to apply.
Financing Terms
The financing process is straightforward. Clients pay the dealer 30% of the appraised value, and M Lhuillier covers the remaining 70%. The loan term spans a maximum of 36 months, ensuring flexibility for borrowers. Chattel fee and comprehensive insurance are mandatory, offering comprehensive protection for both the borrower and the vehicle.
Easy Application Process
Applying for an ML Quick Car Loan is as easy as 1-2-3. First, check if you qualify for pre-owned car financing. Then, choose a second-hand car from a reputable dealer, with accepted brands including Honda, Toyota, Mitsubishi, Isuzu, Ford, Suzuki, and Nissan. Pay 30% of the cost as a downpayment. Finally, bring the necessary documents, including the car's OR/CR, to any M Lhuillier branch for assistance with the remaining 70%, or conveniently apply online.
Don't Miss Your Chance - Get Your Dream Car Today!
With ML Quick Car Loan, your dream car is just a few steps away. Don't miss the opportunity to drive home your desired second-hand car. For more details and to kickstart your journey towards car ownership, visit https://mlhuillier.com/car-loan/.