BPI Family Auto Loan today unveiled what it touts as a first in the Philippine car-loan industry: the Online Auto Madness sale through its website bpiautomadness.com. Running from March 7 to 31, the Online Auto Madness allows car shoppers to get a car loan online 24/7, a free insurance with Acts of Nature coverage, and special low loan rates.
At the Online Auto Madness launch in Glorietta, Makati City, BPI Loans product marketing head Ramon Noel Altamirano enumerated the simple steps of car shopping via the online sale:
1. Log on to bpiautomadness.com and choose a car from the comprehensive Car Buyers' Guide, which is powered by TopGear.com.ph;
2. Compute for the down payment and monthly amortization; and
3. Fill out and submit an online application form.
Regardless of what time you file your application, you get a loan decision in three to eight hours. Thus, even Filipinos based in other parts of the globe can apply for the loan any time.
"In the past, such a transaction was only done during mall hours at a madness sale in malls from Thursday to Sunday," said Altamirano. "Now, we carry on with the madness spirit online."
BPI Auto Loan also has an ongoing car display at the Glorietta Activity Center from March 7 to March 10.
"We believe that this is the best time for Filipinos to take advantage of our offerings and acquire their brand-new cars," said BPI Auto Loans Division head and senior vice president David Sarmiento Jr. "We made car ownership unbelievably easier and more accessible to Filipinos, wherever they are, through the first and only Online Auto Madness."
BPI Family Savings bank president Jose Teodoro Limcaoco also graced the launch.