While there are so many people who have mistakenly identified car financing to be the same as car loan, there were only 2 types offered in the Philippines. The first one is used car financing and the second one is brand new car financing. Whether you are up either of these two or up to apply for a loan using your OR CR, there will be different sets of requirements and procedures and surely, charges and fees will be a major issue. Apart from these major issues, knowing how to qualify is another one, a first to learn about for the buyer.