|Toyota Vios||₱681,000 – ₱1.02 Million|
|Honda Brio||₱601,000 – ₱735,000|
|Toyota Hilux||₱843,000 – ₱1.85 Million|
|Ford Ranger Raptor||₱1.998 Million|
How much does it cost to own a car in the Philippines?
The Total Cost of Owning a Car in the Philippines
Your total expenses for buying that car would be around P32,000 per month for the first 5 years. Once you’ve paid your loan in full, then expect to continue spending around P16,000 per month or P192,000 per year from the costs mentioned above.
Are cars expensive in Philippines?
Cars. As transfer pricing comes into play, lumping together a variety of fees into the local market price, car prices are already more expensive in the Philippines than the rest of the world.
Can foreigners buy a car in the Philippines?
Fully owning land in the Philippines may be a no-go for expats, but vehicles are an entirely different matter. Land ownership is governed by Republic Act no. 7042, or the Foreign Investments Act of 1991, which limits foreign ownership to just 40%.
How much is car maintenance in the Philippines?
A full set of tires often costs P16,000 or more, depending on the type of tire you will purchase. Tires should be replaced every 25,000 to 50,000 miles, however, this number is just an average.
|Tires||P16,000 every 50,000 miles or 4 years (average)|
|Car Wash||P200 per week|
What is the most expensive car in Philippines?
Prices of luxury cars in the Philippines 2020
|1||Ferrari 458 Italia||P22,000,000|
|2||Bentley Continental GT||P20,000,000|
|3||Aston Martin V12 Vantage S||P13,500,000|
|4||Porsche Carrera S||P12,000,000|
What is the popular car in the Philippines?
The Toyota Vios was the leading car model sold in the Philippines, with approximately 25.3 thousand unit sales in 2020. The top six leading car models were all Toyota brands, making Toyota the market leader within the Philippine automotive industry.