6 Worst Mistakes First-time Car Owners Make

We all make mistakes. You’ve probably done a few wrong choices in the past that you wish you hadn’t done. Your choice of career, your choice of words, and your choice of business—they are critical and have lasting effects on your financials. Here are ones you definitely should avoid: mistakes when buying a car, especially if you’re a first-time buyer. Knowing the dos and don’ts would not only help you avoid big expenses. It would also help you save up in the long run:

1. Not doing your homework.

We can’t stress this enough, but skipping the research phase is a big no-no, especially if it’s your first time to buy a car. Yes, experience is a good teacher, but you probably wouldn’t want to learn things the hard way. As with all major purchases, you need to know and look into car makes and models, reviews, pricing, rebates and incentives and negotiating techniques. Doing so would grant you an opportunity to negotiate on a good deal as well.

2. Relying on just one option.

Widen your horizons; seek out better deals, more affordable deals to be exact. As with all purchases, you have the choice to pick one that would work best for you. Do not be convinced to immediately buy in on your first walkthrough. Ask around, look at various car ads, and visit different car dealership showrooms. That way, you’d be able to compare prices and deals.

3. Buying from a salesperson you don’t trust.

Remember your main goal is for you to get the right car at the right price. Similar with the tip above, you also have the option to turn down a salesperson and walk away. If they seem too pushy or not knowledgeable about the car at all, then don’t bother to stay. On the other hand, the following are positive signs:

  • The salesperson can demonstrate the features of the car and help match a customer to the right car.
  • The salesperson listens well and answers your questions directly.

4. Not going through a test drive.

Never commit this critical mistake. When you’re buying a cellphone (or any other electronic device or appliances for that matter), you’d definitely want to check and see if it turns on. You have the right to check if it will be your money’s worth. You’re the one who’s going to drive, and you definitely want to make sure that your chosen car would run smooth and safely.

5. Not thinking it through.

You have to be sure about your decision; otherwise, it’ll all be just a big waste of your time and money. If your workplace or school is just a few steps away then there’s no point in availing one, especially if you don’t really have any reason to travel on weekends. If you’re more of a home-person, think about the pros and cons and how often you’d probably be using the car.

6. Not availing car insurance.

(Note: The only insurance required by LTO is third-party liability insurance and not comprehensive car insurance, which is what AutoCare is all about.) Not only would it pay for damages done on your vehicle. It would also cover physical injury and medical bills. Isn’t that amazing?

With all of these in mind, you are definitely ready to avail your very own car insurance; however, you’re not sure where to purchase one. At Cebuana Lhuillier, we offer the AutoCARE Insurance, a Standard Comprehensive Car Insurance that covers Own Damage (OD), Theft, Loss and/or Damage. Excess Bodily Injury (EBI), Excess Property Damage (EPD), and Acts of God/Nature (AOG/AON). So what are you waiting for? Visit your nearest Cebuana Lhuillier branch now—we assure a fast, easy and secure transaction.

 

Ka-Cebuana senders won PH tickets from Cash Express

Three lucky senders won return tickets to the Philippines care of Cebuana Lhuillier, in partnership with Cash Express. The prize came from a recently conducted promo of Cash Express for Cebuana Lhuillier clients who sent money to their loved ones back in the Philippines from January to April this year. Aside from making Cebuana Lhuillier the preferred pick-up station in the Philippines, the promo aimed to reunite senders to their families back home.

Winners Charilyn Angeles and John Paul Malabanan were awarded with return tickets by Head of Cash Express Benny Dacosta, Assistant Vice President and CLSC General Manager Erlinda Sumanga, Executive Asst. to the Vice President James Robert Afzelius, and Cebuana Lhuillier Services DMCC Head for Middle East Maynard Enrile.

Ka-Cebuanas in the US and Canada show love for GMA Pinoy TV ‘Sikat ka, Kapuso!’ show

Top Kapuso stars entertained Filipinos abroad for GMA Pinoy TV’s back-to-back show “Sikat ka, Kapuso!” last April 7 and 8 at the Newark Symphony Hall in New Jersey, USA and at the Sony Center for the Performing Arts in Toronto, Canada respectively. Event major sponsors Cebuana Lhuillier and international remittance partners Moneygram and WorldRemit graced the event that featured some of the network’s hottest local artists including Pambansang Bae Alden Richards, Primetime King Dingdong Dantes, GMA Drama king Dennis Trillo, Ultimate Star Jennylyn Mercado, Lovi Poe, and actor-comedian Betong Sumaya.

Over 3,000 Ka-Cebuanas from different states flew in to watch the star-studded event and to greet their favorite Kapuso stars in person.

5 Ways to Save Money without Compromising Your Social Life

We all want to have fun. After a hard-day’s work, you’re all set to go out and relax with friends, family members, or workmates. However, you remember that you’re actually trying to save money, and you don’t want to spend it all in one go. You have no choice but to cancel all your plans and spend the whole night and weekend at home. It doesn’t have to be this way, as there are other things that you can do to save money without compromising your social life. Here are just a few of them:

1. Go for bundle options.

If you want to dine out with friends, you may recommend a place that offers bundle options as meals. Some great examples are bucket meals and boxed sets. There are even seasonal discounts for the holidays, a certain tradition for fast food chains in the Philippines. The best thing about this is that you can even split the bill, so you wouldn’t really have to spend too much for just a single meal.

2. Take note of mall shows.

Have you ever wanted to experience a free concert? Follow your favorite local band’s social media pages and be on the lookout for their gigs. Bands or artists promoting their new album usually go on mall tours. You might get lucky enough to see them perform live, if they have a nearby mall in their lineup. You can even invite your friends to enjoy the free concert with you.

3. Always have the group rate in mind.

If you’re planning to go on a vacation with your friends, you can definitely save big with the help of group rates. Whether you’re going to a nearby island or an out-of-town landmark, you’re sure to encounter a few offers along the way. Never limit yourselves with just one travel agency. Time your trip right, and you’ll be offered either a summer or winter “barkada” package.

4. Volunteer to be the organizer.

What’s a more efficient way of saving money in your “barkada” trips? Be the organizer, of course. Plan it out in a way that you get to choose the most affordable alternatives for your treat—the commute, the accommodation, the itinerary, you name it. You can even convince your friends to agree on an “affordable” vacation since you’ll be helping them save up as well. They’ll appreciate it greatly.

5. Plan ahead.

If you’re aware of the usual vacation and hangout routines, then you can obviously set aside a separate budget for them. This is a process in which you need to “save up” in order to “save more.” You’ll never have anything left if you touch all your savings, so segregating one from the other ensures that you at least have your long-term savings intact.

With the proper knowledge of banking terms and conditions, you finally decide to open an account; however, you still haven’t chosen which bank to apply for, as each has their pros and cons. Well, worry no more. If you’re a resident of Bacoor, Cavite, then the Cebuana Lhuillier Rural Bank is your one-stop spot for opening your own savings account. All transactions are real time, erasing all the hassles that you may experience in other establishments. So what are you waiting for? Visit the Cebuana Lhuillier Rural Bank now—we assure a fast, easy and secure transaction.

Image Source: https://bit.ly/2q8N0Mm

5 Misconceptions about Car Insurance in the Philippines

If you’re a car owner, you have a lot to consider when it comes to taking care of your ride. Maintaining its look and overall performance is no joke, with a big chunk of your money going to the mechanic. Filipinos always prefer to cut cost whenever possible, even if it involves our beloved car. This is wrong, in all aspects, as car insurance should never be ignored, especially if you’re a first time car owner. With that in mind, we have listed a few common misconceptions about car insurance in the Philippines (and why they’re false).

1. It is very costly/expensive.

No, it isn’t. First of all, car insurances offer different options; hence, you are not just limited to a single package. You can choose one that fits your budget. Remember, the main reason you’re availing car insurance is to avoid spending a much bigger fee in the event of an accident or other unforeseen occurrences. Spend less now to save big later. Feel free to ask around and discuss your options with various car insurance representatives.

2. I don’t need car insurance.

(Same note as in the other article, only TPL insurance is required and not comprehensive car insurance.) Think of it like wearing a seatbelt—yes, it may be uncomfortable at first, but at the end of the day, it would save your life. Car insurance would save you from a huge amount of expenses in the future.

3. I’m covered if my car gets damaged by natural disasters, stolen, etc.

Simply put, if it isn’t your fault, then you’re covered, right? Well, it depends. Remember when we mentioned that car insurances offer more than one type of packages? If you’re just going to avail the bare minimum insurance coverage required by law and included in the Compulsory Third-Party Liability insurance (CTPL), then you may very well forget about these coverages. The insurance company will only provide up to P100,000 of financial assistance to the third-party victims to release you from liabilities. In such case, you may need to avail a comprehensive car insurance. Yes, it would cost a bit more than the bare minimum, but its coverage includes  loss and damages due to fire and explosion, theft, vandalism and other malicious acts by third-party persons, accidental collisions, etc.

4. The color of the car will affect my premium.

No, definitely not. No one knows where this myth came from, but it has no shred of truth in it. In fact, the factors that affect your insurance premium would instead be your vehicle’s year, make and model, your location, your gender and age, your marital status, and your driving record and driving behavior. Be sure to ask the representatives to know how this would further come into play once you have availed a particular coverage.

5. The bare minimum car insurance required by law is good enough for me.

No, you may actually end up paying a lot more after an accident. Think of it this way: it may be cheaper than a Comprehensive Car Insurance, but you would be burdened by paying a big amount if you ever get involved in an accident with property damages. If your car gets damaged, you’ll be paying for your own repairs. If you’re liable for the damages to the other party, you need to pay for those as well. Never make this tough mistake.

So, you finally decided which insurance coverage works best for you, but, you have no idea where to apply for one. Worry no more, as we at Cebuana Lhuillier offer AutoCARE Insurance, a Standard Comprehensive Car Insurance that covers Own Damage (OD), Theft, Loss and/or Damage. Excess Bodily Injury (EBI), Excess Property Damage (EPD), and Acts of God/Nature (AOG/AON). So what are you waiting for? Visit your nearest Cebuana Lhuillier branch now—we assure a fast, easy, and secure transaction.

Image Source: https://bit.ly/1HiFiV8

CORPORATE AGENT PARTNERS

  • ACTION.ABLE, INC.
  • ALL ACCESS GATEWAY INC.
  • ANTRECCO (AGUSAN DEL NORTE TEACHERS, RETIREES, EMPLOYEES & COMMUNITY COOPERATIVE)
  • ACM VIP
  • ALL CASH
  • AGRILIFE/ AGRIVET
  • ASENSO PINOY STORE, INC. (EASY DAY SHOP)
  • AVICOM ENTERPRISES
  • AYALA ALABANG VILLAGE ASSOCIATION
  • BAUG CARP MULTI PURPOSE COOPERATIVE
  • BAGUIO BENGUET COOP
  • CARD BANK INC
  • CARD MRI RIZAL BANK INC
  • CARD SME BANK
  • CARITAS BANCO NG MASA, INC.
  • CEBU PEOPLE’S MULTIPURPOSE COOPERATIVE
  • CIS BAYAD CENTER, INC
  • COOPERATIVE BANK OF BOHOL, INC
  • COUNTRY BUILDERS BANK
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • AEON CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (VIA ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (VIA ECPAY)
  • ALLIANZ PNB LIFE INSURANCE INC.
  • ALPHA FUND SAVINGS & CREDIT COOPERATIVE (VIA ECPAY)
  • AMADEO WATER DISTRICT (VIA ECPAY)
  • AMYA POLYTECHNIC COLLEGE, INC. AND FINANCING CORPORATION (LENDPINOY)
  • ANGAT WATER DISTRICT (VIA ECPAY)
  • ANGELES ELECTRIC COMPANY ANGELICUM SCHOOL , INC. ILOILO CITY (VIA ECPAY)
  • ANJELMAN REAL ESTATE LEASING
  • ANTIQUE ELECTRIC COOP, INC ANTRECCO (BILLS PAYMENT)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (via ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (via ECPAY)
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

List of Accepted Government/ Valid IDs

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s ID
  • Philippine Identification System (PhilSys) ID
  • Government Service Insurance System (GSIS) e-Card
  • Social Security System (SSS) ID
  • Senior Citizen’s ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration (ACR)
  • Barangay Certificate or ID (with picture and signature)
  • Birth Certificate (applicable to minors only)
  • Firearm License
  • Immigrant Certificate of Registration
  • Marriage License
  • National Council for the Welfare of Disabled Persons
  • New TIN ID
  • OWWA ID
  • Student ID
  • Alien Certification of Registration (ACR) / Immigrant Certificate of Registration
  • Government Office or Government Owned and Controlled Corporations (GOCC) ID (e.g. AFP ID, HDMF (Pag-ibig Fund) ID, etc.
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Department of Social Welfare and Development (DSWD) Certification
  • Integrated Bar of the Philippines ID (IBP)
  • Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP (Bangko Sentral ng Pilipinas), SEC (Securities and Exchange Commission) or IC (Insurance Commission)

IDs Accepted

As required by Bangko Sentral ng Pilipinas (BSP), clients who engage in a financial transaction with covered institutions for the first time shall be required to present the original and submit a clear copy of at least ONE (1) valid photo-bearing identification document issued by an official authority. For our clients’ convenience, Cebuana no longer requires submission of the photocopied ID. IDs are captured using a webcam in all branches. Clients are also required to submit an updated photo and other relevant information whenever the need for it arises.

Forms of identification accepted are the following;

Pawn Accepted IDs
1. Passport
2. Driver’s License
3. Professional Regulation Commission (PRC) ID
4. National Bureau of Investigation (NBI) Clearance
5. Police Clearance
6. Postal ID
7. Voter’s ID
8. Philippine Identification (PhilID) card
9. Social Security System (SSS) Card / Unified Multi-Purpose ID (UMID)
10. Barangay Certification
11. Government Service Insurance System (GSIS) e-Card
12. Senior Citizen Card
13. Overseas Workers Welfare Administration (OWWA) ID
14. OFW ID
15. Seaman’s Book
16. Alien Certification of Registration/Immigrant Certificate of Registration (for foreigners)
17. Government Office and GOCC ID, e.g., Armed Forces of the Philippines (AFP ID)
18. Home Development Mutual Fund (HDMF ID)
19. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
20. Department of Social Welfare and Development (DSWD) Certification
21. Integrated Bar of the Philippines (IBP) ID
22. Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Bangko Sentral ng Pilipinas, Securities and Exchange Commission or Insurance Commission
23. ID issued by the National Council on Disability Affairs (NCDA)