BAIC News

BAIC Cars

  • What are the down payment, interest rate, and term for buying a BAIC car by installment?

    The down payment, interest rate, and loan term of car loans in the Philippines may vary depending on the bank and the type of vehicle. Generally, the down payment ratio ranges from 15% to 50%, the interest rate ranges from 5.54% to 30.3%, and the loan term options are from 12 to 60 months. If you want to buy a used car, you may encounter higher interest rates, and the sum of the car's age and the loan term cannot exceed 11 years.
  • How much down payment, interest rate, and term should I choose to buy a BAIC car in the Philippines?

    If you want to buy a BAIC car in the Philippines, you can choose a 20% down payment, a 10% interest rate, and a 36-month term, which is a balanced and reasonable option.