Like a Sir: Buying our First “Family” Car

Back in 2007, I couldn’t quite figure out how the fresh grad turned Makati ad-woman from Bulacan will afford buying a car. My salary then just won’t fit plus there’s still everyday survival I needed money for. Owning a car, let alone a brand new car, was a dream locked in a faraway land.

During our dating period, Gel had a second hand car which he paid on his own considering his teenie-weenie salary back then. (So proud of you, babe!) Eventually, we ended up buying a conjugal second hand car from where I learned to drive and go places!

Fast forward to now, I feel so giddy knowing that this time around, this adult can. This dream is reachable of course, with the help of BPI Family Auto Loan. 🙂

I am a first timer when it comes to loans so I didn’t really have a clue on how to go about it. I didn’t know it was this easy! Here’s a rundown of qualifications and requirements to help you out if you are interested to avail of an auto loan:

1. Filipino between 21 to 65 years old

2. Total monthy family income of at least Php 30,000.00

1. If employed
– 2 valid IDs
– Certificate of Employment with Compensation
– Income Tax Return
2. If self-employed
– Business Registration
– Income Tax Return
3. Cash on hand for downpayment which is at least 20-30% of the value of the car you will be purchasing.
4. Application Form
5. If married, both spouses to sign on the application form.

Note that the minimum loanable amount is P200,000 with terms ranging from 1-6 years. My tip is to make the downpayment bigger and the term shorter for you to get the least interest rate and most value for your money.

Approval is really quick! We got ours on the day we submitted our documents. Now that’s efficient. If your preferred car is available, you can get your car the in a day or two! 

This is kind of a big deal for us since this is our next big ticket purchase after the wedding expenses. It’s also something I’m really proud of because it came from our own blood, sweat and tears. High five, husband!


This year, our baby didn’t come in swaddling clothes but in leather seats. Who knows what next year holds?