Geely Coolray: How much do you need to earn to buy one?

Updated Feb 23, 2021 | Same topic: Best Advice for Car Buyers

It's one of the hot-selling subcompact crossovers in the local market.

The Geely Coolray is probably one of the vehicles that had a good run in 2020. This five-seater subcompact hatchback has pretty much established its place in the Philippine automotive industry. In fact, the Coolray’s sales performance has also help managed to make the Geely brand a household name in the local market.

Geely Coolray TVC

As a review, the Geely Coolray is the best-selling subcompact crossover in October 2020 with sales of 205 units. The Coolray’s notable sales performance was also seen in July 2020 as it posted a total of 263 units sold, which translates to a 59 percent increase as compared to its numbers in June 2020. As such, the Geely Coolray can easily be considered as one of the hottest selling subcompact crossovers in the Philippines last year.

Geely Coolray rear shot

The Geely Coolray also comes with a striking rear design

Sojitz G Auto Philippines (SGAP), the official distributor of Geely vehicles in the country, is offering the Coolray in three variants with a starting price of Php 978,000. The pricing goes all the way up to Php 1,198,000 for the top-spec Coolray Sport. With that in mind, how much dough or money do you need if you want to own a Geely Coolray? To answer that question here’s an estimate on how much money you need.

>>> Related: Which 2020 Geely Coolray variant should you buy? [Comparison Guide]

Geely Coolray Comfort

The base Coolray Comfort variant is priced at Php 978,000. Good for you if you have enough money to pay for the vehicle in full. However, if you plan to pay the vehicle through monthly payments, the breakdown could be something like this. (Note: the computation shown here are just estimates, and based on a 1.3% interest rate. The actual amount may vary.)

A 20 percent downpayment or Php 195,600 translates to monthly payments of Php 38,159 for the next 24 months, Php 27,353 for 36 months, or Php 18,861 for 60 months.

On the other hand, a 30 percent downpayment or Php 293,400 will give you monthly payments of Php 33,389 for 24 months, Php 23,934 for 36 months, or Php 16,503 for 60 months.

Geely Coolray front shot

The Geely Coolray is a hot-selling subcompact crossover

>>> Related: Geely Coolray maintenance: How much does it cost to own one?

Geely Coolray Premium

The mid-level variant Coolray Premium comes with a sticker price of Php 1,088,000. A 20 percent downpayment or Php 217,600 will mean that you have to pay Php 42,451 for 24 months, Php 30,429 for 36 months, or Php 20,982 for 60 months.

Meanwhile, a 30 percent downpayment or Php 326,400 amounts to a monthly payment of Php 37,145 for 24 months, Php 26,625 for 36 months, or Php 18,359.

Geely Coolray front running shot

Look at that fascia

Geely Coolray Sport

The top-of-the-line Coolray Sport is priced at Php 1,198,000. Geely told us that most of the Coolray clients prefer to purchase the top-spec Sport variant even if it’s Php 220,000 more expensive than the base Comfort variant.

Geely Coolray interior

It has a modern and premium-looking interior

A 20 percent downpayment or Php 239,600 will set the monthly payments to Php 46,743 for 24 months, Php 33,506 for 36 months, or Php 23,103 for 60 months. On the other hand, a 30 percent downpayment or Php 359,400 will be Php 40,900 for 24 months, Php 29,317 for 36 months, or Php 20,215 for 60 months.

Geely Coolray front profile shot

The Geely Coolray comes with a sporty exterior

Again, the computation for monthly payments shown in this article is just an estimate. The actual amount may vary depending on the agreed loan terms if and when you decide to purchase a Geely Coolray.

Aside from the vehicle price and monthly payments, do note that owning a vehicle also involves other expenses. You need to allocate money for fuel, maintenance, car wash, among others. As such, you should consider and look into all your expenses first before deciding to purchase a brand-new car to avoid inconvenience in the long run.

Visit Philkotse.com to get more of the latest updates in the automotive industry.

Know more about Geely Coolray

Geely Coolray

The Geely Coolray is a subcompact crossover that recently entered the Philippine automotive market. This model comes in three variants which are the Comfort Turbo, the Premium Turbo, and the Sport Turbo. Physically, all variants are the same size at 4,300 mm long, 1,800 mm wide, and 1,609 mm tall. The engine across all variants is a 1.5 liter 3-cylinder turbocharged gasoline with a power output of 177 hp and 255 Nm of torque. It also features LED daytime running lights and headlights for the top-of-the-line Sport variant. The Coolray’s cabin is decked in black and accented with red design details on the dashboard and the seats. It also comes with 10.25-inch touchscreen infotainment that sits at the center of the car. For additional safety and convenience, the Geely Coolray has a park assist feature and a 360-degree camera view.

From ₱978,000

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Martin Aguilar

Martin Aguilar

Author

Martin is the Content Editor of Philkotse. His love for cars first started when he got a remote-controlled toy as a birthday present. Then, Martin’s interest in cars was further developed through his family’s humble collection of Japanese cars.

Martin started his writing career as an editorial assistant and writer for various magazines under ABS-CBN Publishing. Before joining Philkotse, Martin was a writer for Autoindustriya then shifted gears in 2017 to become the editor for AutoDeal.

Aside from his interest in cars, Martin loves to read crime-thriller novels, play basketball in the virtual world, eat tapsilog, and go for random road trip adventures.

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