As of the moment, the prices of cars are over-the-roof. Adding the fact that new tax laws (TRAIN) and other commodities had their prices spike, cars are pretty much the same thing. Can you really purchase a car under a million pesos in today’s time? We’ve gathered some of the more inexpensive and cheaper cars in the market; we’re talking about brand new cars not preloved or second-hand cars. In this article, we will be listing the cheapest cars you can buy for the price of P700, 000.00 and below.
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In previous articles, we’ve discussed how you can get a car loan approved. Although purchasing a car outright is the cheapest way on how you can acquire one, would you be willing to shell out everything you have in replacement of a whip? Nevertheless, these cars are so cheap that you won’t be second-guessing whether you’d have to buy it or not.
If you’re thinking that all cars in this list are Asian manufacturers, think again. Read on to see the cheapest cars you can buy for less than Php700K here in the Philippines.
Image: Auto.Ndtv.com This car is the cute car you usually see being driven by young women drivers. Although some men like it due to its versatility and small body, this is a woman’s favorite. This is also one of the reasons why this ride is one of the cheapest cars you can buy here in our country.
0.8 GLX 5MT: Php508K | Php526K (comes with an Android AVN Unit)0.8 GLX 5MT – CBU: Php558K | Php 576K(with Android AVN Unit) Fuel type: GasolineEngine: 0.8 L 814 cc 3-cylinder 12-valveSeating capacity: FiveBody type: HatchbackTransmission type: 5-speed manualPerformance: 56 hp and 75 NmFuel economy: 20.8 km/L Image: Carmudi.com.ph GA 1.6 MT: PHP 588KUtility Van 1.6 M/T: PHP 660K The Suzuki APV is probably part of the more underrated cars. Although it’s shape is peculiar, it’s seating capacity and space inside is comfortable. With a seating capacity of eight (8) people, you and your family will surely enjoy taking a ride with this car. Basing it on its specifications, the Suzuki APV is one of the most efficient and useful cars; it’s also one of the cheapest cars you can purchase for under Php700k.
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Fuel type: GasolineBody type: Compact multi-purpose vehicleEngine: SOHC 16-valve, 4-cylinder 1,590 (1.6L) ccSeating capacity: EightTransmission type: 5-speed manualPerformance: 91 hp at 5,750 rpm and 127 Nm at 4,500 rpmFuel economy: 11.24 km/L Image: Kia.com 1.2 SL AT: PHP 696K1.0 SL MT: PHP 635K Another small car in this list would be this hatchback from Kia. The Kia Picanto is known to be an economical car because of its small engine (smaller gas burning/consumption), and its versatility. Its size is known to be fit even in the narrowest streets here in the Philippines.
In addition to that, this car, according to the Department of Energy’s Fuel Economy Run , had the highest rating of 29.23 km/L. This means that this is the most fuel-efficient car here in the Philippines.
Image: Toyota.com.ph 1.0G A/T: PHP 616K1.0E M/T: PHP 542K1.0G M/T: PHP 581K1.0 TRD A/T: PHP 681K Toyota’s current cheapest car with all of its four (4) variants standing at less than Php700K (even after the TRAIN Law). The Toyota Wigo, as well as its Hyundai counterpart, the Hyundai Eon, is Toyota’s pride in versatility, fuel-efficiency, and even sometimes speed.
Body type: HatchbackEngine: 3-cylinder in-line, 12-valve DOHC with VVT-I 998 (1.0L) ccFuel type: GasolineSeating capacity: FiveTransmission type: Automatic and manual transmissionPerformance: 66 HP and 89 NMFuel economy: 25.19 km/L Image: Mitsubishicars.com GLX 1.2 MT: PHP 630KG4 GLX 1.2 MT: PHP 666KGLX 1.2 CVT: PHP 688K The brand Mitsubishi is known for its aura of being spontaneous and sophisticated. Even though that’s the case, their hatchback Mitsubishi Mirage is currently part of the cheapest cars you can buy here in the Philippines for less than a million.
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The Mitsubishi Mirage is designed for city driving. Its spacious interior and high-technology safety features will actually magnetize you to it.
Body type: HatchbackEngine: 1.2L in-line 3-cylinder DOHC MIVEC (3A92)Performance: 78 hp at 6,000 rpm and 100 Nm at 4,000 rpmFuel type: GasolineSeating capacity: FiveTransmission type: Five-speed manual / CVTFuel economy: 10.6 km/L Image: Carwale.com The price of the Suzuki Alto 800 might shock you as it’s total price is less than half a million. It’s so small that it can fit in the narrowest streets, eskinitas, and even unknown places you know. Other than the fact that it’s small and that it costs less than half a million, it will impress you with its ability to save on gas.
If you’re looking to start to have your own new car, starting with the Suzuki Alto 800 could be a good move. You can save money, it’s not that expensive, and you will REALLY learn how to drive.
Body type: HatchbackTransmission type: ManualEngine: SOHC 3-cylinder 12-valve with displacement of 796 (0.8L) ccFuel type: GasolineSeating capacity: FivePerformance: 47 HP and 68 NMFuel economy: 24.81 km/L Image: Auto.Ndtv.com GL 1.2 MT: PHP 638K GL + 1.2 Auto Gear Shift: PHP 698K Another Suzuki model in this list would be the Dzire. The Dzire is Suzuki’s entry-level car in the sedan category and it has a unique and beautiful exterior. It’s also equipped with the Auto Gear Shift (AGS) which is a new type of transmission made to promote fuel-efficiency.
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The Suzuki Dzire was just recently launched June of this year (2018) and has captivated a lot of sedan lovers with its unique style and inexpensive maintenance.
Body type: SedanPerformance: 82 HP at 6,000RPM and 13 NM at 4,200 RPMTransmission type: Five-speed manual | Five-speed AGSSeating capacity: FiveFuel type: GasolineEngine: K12M four-cylinder, 16-valve 1,197 ccFuel economy: 28.4 km/L Image: Chevrolet.com.ph This Chevrolet model is the cheapest model that Chevrolet offers. The vehicle, if seen outside, is just plain and simple. Once you go inside, you will be amazed and positively excited because of its spacious nature which is good for a family of five.
Even if the brand is a brand known worldwide, they still have something that is less than 700K. Not bad, right?
Body type: HatchbackTransmission type: 5-speed manualSeating capacity: FiveFuel type: GasolinePerformance: 73/99 HP at 6200 RPM and 94/128 NM at 4400 RPMEngine: 1.4L DOHC L4 DVVT Ecotec, 1,399 ccFuel economy: 23.81 km/L Volkswagen Santana 1.4 MPI MT Trendline Image: MoneyMax.ph Volkswagen Santana 1.4 MPI MT Trendline price: 686K Were you surprised that a German car ended up becoming a part of this list? Since Volkswagen is a German car, we all know that it’s a meticulously arranged car that promotes security, sophistication, and style on the road.
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However, the German brand thought that they wanted to become part of the mass vehicle market like other Asian brands so they made a sedan that costs less than Php700K.
Volkswagen Santana 1.4 MPI MT Trendline specs: Body type: SedanEngine: 4-cylinder, in-line 1,395 cc (1.4L)Performance: 90 HP at 5,500 RPM and 132 NM at 3,800 RPMFuel type: GasolineSeating capacity: FiveTransmission type: 5-speed manualFuel economy: 8.72 km/L Image: Auto.NdTv.com 1.3 S MT: PHP 642K1.3 S AT: PHP 681K One of Honda’s hatchbacks, the Honda Brio is Honda’s smallest and cheapest car; priced under a million Php. Carrying Honda’s style and city-driving feature, the Honda Brio is perfect for a small family who lives in the city.
Body type: HatchbackEngine: SOHC i-VTEC 16-valve 4-cylinder 1,339 ccPerformance: 100 HP at 6,000 RPM and 13 NM at 4,800 RPMSeating capacity: FiveTransmission type: 5-speed manual | 5-speed automaticFuel type: GasolineFuel economy: 12.99 km/L As you may have noticed, most of the cars here are hatchbacks. This is because manufacturers have less cost in making hatchbacks because of their small figures. However, there are also some here you didn’t expect. Nevertheless, we hope you learned a thing or two about which cars are the cheapest in today’s market.
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Do you now know what car to buy? Do you think we were able to give you the cheapest cars you can buy in the Philippines for under Php700K? We do hope we’ve given as much information you needed in order for you to have a decision on what or which car to buy. With all of these cars in this list, you can narrow your options down and minimize the options that you have so you won’t have a hard time choosing what you want.
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