If you’re looking for a sign to buy your first set of wheels, this is it! The holiday season is fast
approaching, and with it comes the excitement of bonuses and incentives—making now the
perfect time to leap.
If upgrading your daily commute has been on your mind, there’s no better time than now. With
irresistible promotions, booming car sales, and favorable loan options, 2024 could be the year
you drive into the holidays in style. Read through to learn how you can secure an auto loan
approval in just hours plus a limited-time promo that will surely make your holidays merrier.
Car sales are booming (More choices for you!)
The Philippine automotive market has been growing steadily over the last decade, with a
notable peak in 2017 when sales hit a record 487,000 units. 1 Although there was a slowdown
due to the pandemic, the market has rebounded impressively.
his rapid growth means more options for you! Car manufacturers are offering a wider variety
of models at different price points. Whether you’re eyeing a fuel-efficient compact like the
Nissan LEAF or need a spacious and eco-friendly family vehicle like the Toyota Innova Zenix,
there’s something for everyone—and just in time for those holiday road trips.
Bonus season means more affordable car payments
The holiday season brings more than just festive cheer. It’s also when most employees receive
their 13th-month pay and other bonuses. These windfalls provide the perfect opportunity to
cover upfront costs when buying your first car, allowing you to enjoy the convenience and
freedom of having your vehicle. No more rushing to beat the commute during rush hour!
Lower interest rates and flexible terms
Majority of financial institutions have been offering competitive auto loan rates in recent years
making car ownership more accessible than ever.
As car sales continue to soar and promotions grow more attractive, now is the perfect time to
turn your dream car into a reality. With the market poised for record-breaking sales and
financial institutions like PSBank offering low interest rates and flexible payment options,
there’s never been a better moment to make a purchase.
PSBank Auto Loan Promo
PSBank’s Auto Loan is designed to make the car-buying process simple and convenient. You can
apply online and receive approval within 24 hours, so you can take advantage of the latest deals
and promotions. From October 15 until December 31, 2024, PSBank is offering an exciting
promo where customers stand a chance to win PHP 10,000 in cash or up to PHP 50,000 worth
of fuel e-vouchers with their auto loan application. Visit PSBank’s promo page to learn how you
can qualify for the promo.
To learn more about PSBank auto loans, visit https://www.psbank.com.ph/loans/auto. You can
also, compute your monthly amortization through PSBank’s Loan Calculator.
1 Carlo. (2024b, September 4). Focus2Move| Philippines Vehicles Market – Facts & data 2024. Focus2Move.
https://www.focus2move.com/philippines-vehicles-market/
