BPI Family Auto Loan is now offering a promo called "Bagong Kotse, 1 Month Libre." If this straightforward promo title still leaves you puzzled, let's break it down for you.
The promo entitles car buyers a free one-month amortization when they avail of a BPI Family car loan. This will help car shoppers take a breather as they spend for incidental expenses such as car insurance, registration and chattel mortgage.
Now, who's entitled to this promo? BPI Family Savings Bank's clients who apply and avail of a car loan from January 25 to April 30 may take advantage of this offer. However, the following conditions must be met:
* The loan term must be at least 36 months (or three years);
* The vehicle must be delivered on or before April 30, 2015, and the loan should be booked on or before May 5, 2015;
* The vehicle must be brand-new and for private use; and
* The vehicle should be sourced from a local and accredited automotive dealer.
"With this special treat unique to BPI, you get a significant amount for free that makes your car ownership lighter on the pocket," said BPI Auto Loans Division head and vice president Pepe Carlos. "Enjoy your savings and treat your loved ones to a nice weekend drive in your brand-new car!"
Now, we ourselves are a bit confused. Does the promo mean you really get one month of amortization free, or does it simply allow you to defer the start of payment by 30 days? If it's the former, then wow. Go get your car loan from BPI now. Better inquire with your BPI agent today.