Car/Motor Loan: Paano Bayaran? Ito ang 4 Diskarte! - YouTube

Car/Motor Loan: How to settle? Here are 4 ways!

♫ I could not afford ♪

♫ I could not afford ♪

♫ losing you ♪

♫ losing you ♪

♫ It hurts, knowing ♪

[laughter]

Chinkee, I no longer have money to pay for my car and motorcycle loan.

Chinkee, I no longer have money to pay for my car and motorcycle loan.

What am I going to do?

You want to know how?

Watch this!

Videos that will make you

WEALTHY

and DEBT-FREE

[introductory music]

Hi there! This is Chinkee Tan, also known as Mr. Chink Positive.

Thank you very much for tuning in to this channel.

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And as well, please like this page.

If you are having difficulties settling your car loan or motorcycle loan.

Then you are not alone.

There are many other people on the same situation as yours.

It's never a good practice to default on our loan payments. Why?

Aside from getting poor ratings on our credit report due to unpaid loans, there is a huge chance of having our valuables repossessed.

What if you have been paying your loan for a long time? The amount you had already paid might just go to waste.

So, right now, in our session, I will show you four ways of settling your car or motor loan.

The first way is what? Call your auto dealer.

Yes. Negotiate with them. Tell them what happened.

Well, everyone is aware of what is currently happening.

At the same time, tell them that you were a responsible payer.

Right? But you are just currently experiencing some financial difficulties.

And please, do not run away from your payables.

The earlier you contact the lender, the more choices they can give you

in terms of what they can really offer you.

So, number one, let's face our problems, and not run away from them.

Number two. Negotiate if the Payment Judith can be adjusted.

Yes! What's Judith?

Due date!

[laughter]

So, regarding your due date, the thing is that,

you are not wanting to run away from your responsibility, right?

So, yeah. It's not that you want to get away from it, right?

You want to settle your payables.

You want to continue to pay, but you lost income.

You lost revenue.

Especially if you are a public utility driver, and you are paying monthly for your motorcycle.

Or if you're into TNVS motorcycle service, or Grab service, right?

How will you be able to pay, for example the ordered Grab Food if you don't have any funds?

That is why we want to negotiate if they can change the date of your auto loan or your motorcycle loan payment.

So, that way, you can have enough breathing room for your payables.

So our goal is, the reason why we are negotiating, is this

Not to run away from it, but to update your account.

We need your payments updated.

That way, once your account is updated,

okay, good news is, you will not have to miss any payments, right?

That's number one.

Number two, no charges.

That's number two.

Number three, no interest rates!

Well, that's a lot of burden once the interest rates get piled up.

Third way of settling our car loan or auto loan, in this time of crisis

is to Discuss your Payment Plan.

Yes. You know, if you don’t discuss it with your dealer,

it may end up with their own terms, which may be of your disadvantage.

Of course, they want to collect payments soon,

and in most cases, it means having to pay them in lump sum.

So, it’s important, first,

is to get your payment plan extended.

Extended!

Or extended, or postponing payments.

You know, if your payments get extended or have them postponed,

it will surely help us recover financially.

Of course, you report to work again,

resume your business, or sell your items again, right?

At the same time, if possible,

let us reduce the so-called monthly payments.

Let us reduce our payables,

or, if not, we can also stretch the term.

For instance, your supposed payable

is, let’s say Php50,000 in six months,

then maybe we can stretch it to Php50,000 in twelve months, right?

So, in other words, it gives us breathing room.

Second, okay.

Making smaller payments more often.

Yes.

This my second suggestion.

This is my next advice.

If possible, it will be much better to change our payment term

to maybe weekly or semi-monthly, instead of a monthly term.

To be honest, a monthly payment term is quite difficult, compared to the other terms.

But if you pay weekly,

while you start earning again, and start saving,

then you can pay weekly or semi-monthly.

Okay?

Number three.

If you are left with no other choice,

and that the payment date cannot be postponed,

or if they don’t agree with smaller payments,

then the third option is to do refinancing.

Talk to them.

Ask them,

“In order for it not to be repossessed, can we do refinancing, so I can have longer time to pay?”

Okay. This is a warning to everyone.

WARNING!

[Filipino comic line]

[laughter]

When you talk to your lender,

to these companies,

make sure to ask if there are any charges that will apply.

Oh come on!

Does changing payment plans cost anything?

Yes.

In some cases,

they allow refinancing without discussing the charges that may apply.

Let’s be very mindful of it.

And there could be also a fee, or extra cost, right?

In the end, it may just add up to your payable amount.

And be sure to, please, if possible,

have them detail your payment plan.

Have them provide detailed documents of your payment plan.

You have to thoroughly understand it.

You can’t quickly agree to them saying,

“Here’s your monthly payable amount.”.

Without you knowing, the supposed twelve months has gone up to 24 months.

In which you have happily agreed upon, right?

Request for detailed documents.

Fourth, very important,

put everything in writing.

If possible, ask for a confirmation in writing,

as such contains your schedule of payment.

You know, here’s the problem.

Most of the people I talk to,

they avail of loans but do not really know exactly how much interest they are paying for.

They do not even have any idea how long they’ll going to pay for such loan. Okay?

So, again, what are the first three ways we can do,

in order for our car or motorcycle not to be repossessed?

Number one, call your dealer.

Be proactive.

Number two, negotiate to change your payment plan or due date.

Number three, discuss how you are going to pay for your loan.

Okay, that’s number three.

Let’s go to number four.

But before we do that,

if you like the content, please like this video,

in order to help push our YouTube ranking.

Number four.

Contemplate if you can still really sustain

[laughter]

your loan payments for your car or motorcycle.

You know, with the current crisis we’re going through,

no one ever thought this would happen, right?

Let’s ask ourselves,

can we still afford paying our loans?

You may have lost your job or your business may have failed.

I have an idea.

Please listen carefully.

What if you sell your car or your motorcycle?

If not, sell it and get a pre-owned vehicle.

Yes. A much affordable one.

Me settling for pre-owned?

What would my friends tell me?

[laughter]

Are you doing this for your friends?

I know you know there is always an option to use public utility vehicles, right?

Bottomline is,

transportation means to bring you from point A to point B, right?

So, my suggestion is,

if the situation calls for you to settle for a pre-owned vehicle, then don’t hesitate.

Sell it, for now, to recover.

We don’t want to be in a situation

wherein you don’t have any choice but to give up your valuables.

At least, for now, you still have time to think about it,

if you can maybe sell it and start anew.

You know, these problems,

at times, are caused by money mismanagement.

That’s the reason why I’m always telling people,

you must setup at least three to six months of your emergency fund.

If you have that, then you won’t have to worry about settling your payables.

So, my question to you is this,

Do you believe in the idea that "prevention is better than cure"?

Yes or No?

Definitely!

So, my question right now is,

do you want an opportunity to start anew and be worry-free of your payments?

Yes, definitely.

So, my last question is this,

do you want to learn how to properly manage your finances?

[clap]

If you say yes,

then I have good news for you.

Especially for those who are really stressed right now.

I would like to introduce to you today,

and I am very excited about it.

Because today,

I’m going to introduce the Chinkee Tan DIY Digital Money Kit.

Yes.

So, what is this Money Kit all about?

This is a money management system.

For me to teach you the four areas.

How to save

How to budget

How to get out of debt

and how to what?

Invest

Let me say it again,

How to save

How to budget

How to get out of debt

and how to invest

FYI, in order for you to attend my live sessions before,

okay

you have to come to a session,

you have to buy a ticket,

and then after that,

you spend time on the road while heading to the venue,

and spend some money for your meals.

In other words, it’s too costly.

That’s the reason why we made things easier for you.

We created it, already, digitally.

So, you can access my seminar right now,

the money management seminar which I usually give for one whole day,

right now is already available on video.

It’s e-leaning.

It’s digital.

So, once you have the money management system,

I will teach you and coach you personally.

I will be the one to coach you personally.

On how to save

How to budget

How to get out of debt

and How to invest

Not only that.

The money management system,

which is now digital,

also includes a Money Kit Guide of the money management system

a step-by-step process.

It also comes with a saving system,

budgeting system,

and in order for you to save more

Do you guys want to save more?

It also comes with, what we call Chink Positive Debt Repayment Plan worksheet.

This worksheet would allow you to also, what?

pay off you debt

That’s one of its best features.

It also comes with, what we call Budgeting Software.

What is this Budgeting Software all about?

It allows you to keep track of your monthly,

your annual expenses, so you would know.

All you need to do is just to type and input.

And the best thing

here’s another best thing

We have here, what we call 60K Ipon Challenge.

Yes.

You just have to print it out of your computer,

then follow the guidelines.

If you strictly follow its guidelines, by the letter,

you will be able to save up to Php60,000 in one year.

We also have, what we call 52-week Ipon Challenge.

And there’s a whole lot more.

You know, this DIY Money Management System

has already been used by a lot of people in the past,

and allow me to share some of their testimonies.

Jen Zeun said, “I was inspired by Money Kit.

I did not expect that I can survive with just my semi-monthly income,

by applying the given formula.

I even raised the amount that I just need in two and a half months.

Again, I am super blessed and thankful!

Thank you very much!

Another one said,

“Your best is superb!”

Thank you so much. Your Money Kit is truly helping us a lot.

We’ve been trying to figure out on how to better handle our finances,

got to talk to several financial advisors,

but nothing was able to help us, until we found you!

You and your DIY Kit is super effective.

Exactly what we, Filipinos, need.”

That’s from Peachy Alvarez.

Here’s another one from Criza.

She said, “You influence me a lot.

I have already saved almost Php30,000 in less than a year.

I no longer spend on extra meals

and that I don’t buy what I don’t need.

And if I have spare change, I always put them in my coin bank.

Thank you very much.

It’s all because of Money Kit."

So, you know what’s good about this is,

well my next question is this, right?

Chinkee, how much are we going to invest in the Money Management System?

In my live seminar before,

you have to invest at least Php3,500 per person,

and you have to come.

What if you’re abroad?

The good news is this,

you don’t have to do it,

since right now, this is digital.

So, instead of Php3,500,

how much do you think will this Chinkee Tan DIY Money Kit going to be?

The Money Management System?

It’s only Php2,999.

Yes, you heard it right!

It’s Php2,999.

However, we are not done yet.

I also wrote already 14 best-selling books.

Okay. All about money.

Let’s name them one-by-one.

Number one, Till Debt Do Us Part

- to help you get out of debt.

For Richer or for Poorer

- to change your money mindset.

Always Chink Positive

How I Made My First Million

– direct selling.

Secrets of the Rich and Successful

Rich God and Poor Good

– how God can Bless you.

Happy Wife Happy Life

– one of the major causes of breakup is money.

Raising Up Moneywise Kids

– to teach your kids about money.

And of course, my best-selling books

super best-selling

Diary Of A Pulubi

– sold over a million copies already.

My Ipon Diary

My Badyet Diary

My Utang Free Diary

Keri Mo Yan!

and lastly, the latest book I have,

Pera ni Mister, Pera ni Misis

If you order all of my books,

it will amount to, more or less, around Php4,000+.

But this is the good news.

If you order the Chinkee Tan Money Kit,

okay, the DIY Money Kit,

these 14 e-books

okay

will be given to you absolutely for free!

Yes, you heard it right!

It’s for free!

This one costs Php1,800

but I’ll give to you for free!

But wait!

Okay

There is more!

[laughter]

You know, to give a graceful end to this very enticing offer

well that’s why I am super excited about this offer.

I don’t know if you are aware,

I have also, what we call online courses.

What we call ChinkTV.com.

So, ChinkTV.com is the so-called Netflix of financial education.

Instead of you, again, coming to my session,

we will go to you,

because you can access it anytime, anywhere, any place.

And it comes with many courses

To name a few, there’s Juan Negosyante

– on how to start your business from scratch.

How to retire at 50

How to Become a Virtual Professional

How to Invest in the Stock Market

And you know how much a course costs?

There are 14 courses here.

Per course is Php799.

It's Php799.

If you multiply by forty,

the total value will be Php11,000.

However, if you order this DIY,

Okay, Chinkee Tan DIY Money Kit

you know what you’ll get?

I will also give to you this online course

that has all-access.

Yes, all-access.

You can access all for free!

Yes!

This has become very overwhelming.

[laughter]

So, if you order right now,

this Chinkee Tan Digital Money Kit,

aside from what you’re going to get from the training,

from all the tools, you will get also the 14 e-books for free!

And not only that!

You will also get the 14 online courses for free!

So, the total value that you’re going to get,

is more or less Php15,000.

But all you need to do is just invest, how much?

Php2,999

I repeat, it’s only Php2,999!

So, if you want to order this Digital Money Kit,

all you need to do is just type the word called DMK.

Okay. It stands for Digital Money Kit.

Type the word called DMK right now inside your comment box.

After this broadcast, I will send you the link,

so that you immediately order,

so that we can immediately also send it to you.

Thank you very much for tuning in.

I hope that you like this video.

If you do like this video, please like this video.

Also please share this video with other people,

especially those who are currently having difficulties paying their debt.

This is Chinkee Tan saying,

To every problem, there's always a solution.

If you are not part of the solution, you are part of the problem.

Always Chink positive.

Thank you for watching.

If you want to keep on growing and to stay inspired,

subscribe and hit the bell button to get notified.

Always Chink positive.

[outro music]

Car/Motor Loan: How to settle? Here are 4 ways!