How to Buy a BYD Car in Davao: A Step-by-Step Guide

Embracing the electric vehicle revolution in Davao City is an exciting journey, and purchasing a BYD car is a straightforward process, whether you plan to pay in cash or through a bank loan. BYD Davao, operated by Image Davao Mobility Corp., is your dedicated partner throughout this experience, providing expert guidance from inquiry to ownership.

Here's a comprehensive guide on how to buy your BYD car in Davao, with a special focus on financing through BPI, a popular choice among buyers.

Step 1: Research and Choose Your BYD Model

Before heading to the dealership, it's beneficial to have an idea of which BYD model best suits your lifestyle and needs. BYD offers a diverse range of electric and hybrid vehicles:

• BYD Dolphin: Compact and agile electric hatchback, ideal for urban commuting.
   
• BYD Atto 3: Versatile electric compact SUV, a popular choice for families.
   
• BYD Seal: Sleek and sporty electric sedan, offering dynamic performance.
   
• BYD Han EV: Luxurious electric executive sedan, for those seeking premium comfort and power.
   
• BYD Tang EV: Spacious 7-seater electric SUV, perfect for larger families.
   
• BYD Seagull: Ultra-compact and affordable electric mini car.
• BYD Seal 5 DM-i / Sealion 6 DM-i / Shark 6 DMO: Plug-in hybrid (PHEV) models for those who want the flexibility of both electric and gasoline power.
   
• BYD eMAX 7: Electric MPV, designed for passenger comfort and capacity.
   

You can visit the official BYD Philippines website or local automotive portals for specifications and features.

Step 2: Visit BYD Davao Showroom and Take a Test Drive

This is a crucial step to truly experience your chosen BYD.

• Location: Head to BYD Davao at KM. 5 J.P. Laurel Avenue, Bajada, Davao City, Davao del Sur.
• Showroom Experience: Explore the various models on display. The knowledgeable sales consultants will walk you through the features, safety technologies, and unique benefits of each BYD car.
• Test Drive: Schedule a test drive for your preferred model(s). This allows you to feel the vehicle's performance, comfort, and handling firsthand. It's also an opportunity to ask specific questions about charging, range, and everyday usability.

Step 3: Get a Quotation and Discuss Payment Options

Once you've decided on a model and variant, the sales consultant will provide you with a detailed quotation, including the Suggested Retail Price (SRP) and any ongoing promotions.

You'll then discuss your payment options:

• Cash Payment: If you plan to pay in full, the process is straightforward. You'll settle the full amount, and the dealership will facilitate the vehicle release and registration.
• Bank Financing (Auto Loan): This is the most common method. BYD Davao has partnerships with various banks, and BPI (Bank of the Philippine Islands) is a favored choice, known for its competitive rates and flexible terms.

Step 4: Auto Loan Application (Focus on BPI)

If you opt for an auto loan, here's how the process typically works, particularly with BPI:

A. Initial Discussion at BYD Davao:

• Inform your sales consultant that you intend to apply for a BPI Auto Loan. They often have dedicated bank representatives or can directly coordinate with BPI to facilitate your application.
• Discuss down payment options (BPI typically offers as low as 15% down payment for brand new cars) and loan terms. BPI is known for offering extended loan terms, including up to 7 years (84 months) for select brands and models, which includes BYD EVs. This longer term can significantly lower your monthly amortizations, making the car more affordable.
   

B. BPI Auto Loan Requirements (General): While the dealership can guide you on the exact requirements, be prepared with the following standard documents:

For Employed Individuals:

• Completely filled out BPI Auto Loan Application Form.
• Valid Government-issued IDs (e.g., Passport, Driver's License, SSS, UMID).
• Latest Certificate of Employment with salary details.
• Latest Income Tax Return (ITR) / BIR Form 2316.
• Latest 3 months' payslips.
• Proof of billing (utility bills: Meralco, Maynilad, internet, etc.).

For Self-Employed Individuals:

• Completely filled out BPI Auto Loan Application Form.
• Valid Government-issued IDs.
• Business Registration (DTI/SEC).
• Latest 2 years' Audited Financial Statements (AFS) or ITR with attached financial statements.
• Latest 6 months' Bank Statements.
• List of Trade References (suppliers/customers).
• Proof of billing.

For Overseas Filipino Workers (OFWs) / Seafarers:

• Completely filled out BPI Auto Loan Application Form.
• Valid Government-issued IDs.
• Latest Certificate of Employment/Contract (with salary/income details).
• Proof of remittance for the last 3-6 months.
• Latest payslips.
• Special Power of Attorney (SPA) if applying through a representative in the Philippines.
• Proof of billing.

C. Application Submission:

• You can submit your application and documents directly through BYD Davao, as they often have a strong tie-up with BPI.
• Alternatively, you can apply online via the BPI website or visit any BPI branch in Davao City.

D. Loan Approval and Release:

• BPI will review your application and documents. This process usually takes a few banking days.
• Once approved, you will be notified. You'll then proceed to sign the loan documents.
• BPI will release the approved loan amount directly to BYD Davao.

Step 5: Down Payment and Additional Fees

• You will pay the agreed-upon down payment to BYD Davao.
• Be prepared for additional fees not typically included in the loan amount, such as:
  • LTO Registration: For the vehicle's official registration.
  • Chattel Mortgage Fee: A fee for securing the loan with the car as collateral.
  • Comprehensive Insurance: Most auto loans require comprehensive insurance for the first year. BYD Davao can often facilitate this through their accredited insurance partners.

Step 6: Vehicle Release and Orientation

• Once all payments are settled (down payment and fees) and the loan proceeds are released to the dealership, your BYD vehicle will be prepared for release.
• The BYD Davao team will conduct a thorough orientation, explaining your car's features, infotainment system, charging procedures, and basic maintenance tips.
• You'll perform a final inspection of your new vehicle before driving it home.

Important Contact Information for BYD Davao:

• Address: KM. 5 J.P. Laurel Avenue, Bajada, Davao City, Davao del Sur.
• Contact Number: +63927-3270559
• Email: [email protected]
• Operating Hours:
  • Monday to Saturday: 8:00 AM to 6:00 PM
  • Sunday: 9:00 AM to 5:00 PM

Buying a BYD in Davao is an investment in sustainable and advanced mobility. With the guidance of BYD Davao's expert team and flexible financing options like BPI's auto loan with extended terms, your dream electric vehicle is well within reach. Visit their showroom today to begin your electric journey!