BPI Family Savings Bank (BFSB) is expecting a surge in auto loan applications as it agreed to be the Chamber of Automotive Manufacturers in the Philippines, Inc.’s (CAMPI) official auto-financing partner in the upcoming Philippine International Motor Show (PIMS).
The bank is optimistic in taking advantage of the momentum in car sales, which has grown 37.1 percent in the first half versus the same period last year.
”We’re doing slightly better than that at 38.5 percent,” said David Sarmiento Jr., BPI Family Savings Bank head of auto and motorcycle loans division. “We hope--and expect--to approve a lot of new-car loans during the event.”
BPI Family Savings Bank will set up a lounge for potential car buyers at the Philippine International Motor Show, which will from August 19 to 22 at the World Trace Center in Pasay City. Special promos and gifts will be given to those who will avail of a loan from the bank.
Preferred BPI Family Savings Bank clients will receive free passes to the event and are also pre-approved to secure a new-car loan during the four-day PIMS where at least 15 brands will showcase their vehicle lineup.
“Filipinos are such great car enthusiasts and it is our commitment at BFSB to make it easy for them to drive their own cars,” Sarmiento said. “Partnering with CAMPI once again on this venture is a great honor and privilege.”
Car buyers can choose from the following distributors and brands which are expected to join this year’s Philippine International Motor Show: Asian Carmakers Corp. (BMW), CATS Motors, Inc. (Mercedes-Benz, Chrysler, Dodge, and Jeep), Columbian Autocar Corp. (Kia), Focus Ventures, Inc. (Chana and FAW), Honda Cars Philippines, Inc., Hyundai Asia Resources, Inc., Isuzu Philippines Corp., Mitsubishi Motors Philippines Corp., Nissan Motors Philippines, Inc., PGA Cars, Inc. (Porsche and Audi), Scandinavian Motors Corp. (Volvo), Suzuki Philippines, Inc., The Covenant Car Company, Inc. (Chevrolet), Toyota Motor Philippines Corp., Universal Motors Corp. (Nissan light commercial vehicles), and Ford Group Philippines (Ford and Mazda).
(In photo, from left: David Sarmiento Jr., BFSB head for auto and motorcycle loans; Elizabeth Lee, CAMPI president; and Jose Teodoro Limcaoco, BFSB president)