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

Updated Jul 06, 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 2024

Geely Coolray

The Geely Coolray 2024 is a subcompact crossover. In the local market, this model has three variants with a price ranging from Php 1,083,000 to Php 1,299,000.

Under the hood of the Coolray is a 1.5-liter inline-3 turbocharged gasoline engine capable of making up to 177 horsepower and 255 Nm of torque. It is then linked to a seven-speed wet-type dual-clutch gearbox sending power to its front wheels.  

Size-wise, the Coolray is 4,330mm long, 1,800mm wide, and 1,609mm in height. It also has a wheelbase length of 2,600mm.  

Locally, the Coolray competes against the likes of the Toyota Raize, Nissan Kicks, Hyundai Creta, Kia Seltos, Mazda CX-3, Honda HR-V, Chevrolet Tracker, MG ZS, among others.  

Better Crossover: Geely Coolray or Changan CS35 Plus? - Philkotse Comparison Review

>>> New and used Geely Coolray 2024 for sale in the Philippines

Geely Coolray Launch

Launched in September 2019, the Geely Coolray was introduced with three variants: the Comfort Turbo, the Premium Turbo, and the Sport Turbo. In 2022, Geely Philippines axed the Sport variant.  

A special edition version was available for a time. But when the marque updated the model into the Coolray for 2024, the SE variants including the SE Sport trim made a return.

Geely Coolray Exterior

Depending on the variant, the Coolray is equipped with a power liftgate, LED lighting, power-folding side mirrors, and a sporty-looking roof-mounted spoiler. Other trims come standard with halogen lighting, projector halogen headlamps, and a manual liftgate. All come kitted out with LED daytime running lights.  

The top-spec SE Sport and the mid-spec SE Premium then ride on a set of 18-inch alloy wheels. The entry-level SE Comfort meanwhile gets a smaller 17-inch set. 

Geely Coolray Interior

Step inside the Coolray and you’ll find a cabin that can comfortably accommodate five occupants. It also has a default cargo volume of 330 liters.  

On the top-spec SE Sport model, it gets power-adjustable seating, a leather steering wheel, and a single-zone automatic air-conditioning system. Standard on all variants is a 60:40 split folding rear seat.

Technology & Safety Features

Handling the entertainment needs of the Coolray's occupants is a 10.25-inch touchscreen headunit. For connectivity, it uses QD Link. The said touchscreen is then connected to a six-piece speaker system.

Available as standard to the Coolray is an array of safety features. These include anti-lock braking, traction control, stability control, and hill-descent control. The higher-spec models add on to those with a reverse and blind spot monitor, while the top-spec SE Sport gets a 360-degree view monitor.

Both the SE Premium and SE Sport also come with Smart Keyless Entry and tire pressure monitoring. Only the SE Sport comes with an active park assist system.

Standard on all Coolray variants are dual front airbags. The SE Premium and SE Sport meanwhile get additional side airbags, while only the SE Sport comes with curtain airbags. 

Geely Coolray Platform & Chassis

The 2024 Geely Coolray uses the Geely B-Segment Modular Architecture Platform which it shares with the Emgrand sedan, and other cars sold by Geely and its subsidiaries worldwide.  

For suspensions, it uses a MacPherson strut for the front and a torsion beam suspension for the rear. Braking is then handled by a ventilated front disc brake and a solid rear disc brake. All trims also come with an electronic parking brake with an auto-hold function. 

Engine & Drivetrain

The 2024 Geely Coolray uses a 1.5-liter inline-3 turbocharged gasoline engine paired with a seven-speed wet-type dual-clutch gearbox. At maximum, it can produce up to 177 horsepower and 255Nm of torque. 

Geely Coolray 2024 Price List

Let's check out the Geely Coolray 2024 price in September in the Philippines.

 Variants  Price
Geely Coolray 1.5 Comfort Turbo SE ₱1,083,000
Geely Coolray 1.5 Premium Turbo SE ₱1,218,000
Geely Coolray 1.5 Sport Turbo SE ₱1,299,000

Geely Coolray FAQs

1. What type of car is the Geely Coolray?

The Geely Coolray is classified as a subcompact crossover.

2. When did the Geely Coolray arrive in the Philippines?

The Coolray entered the Philippine automotive market in September 2019.

3. Is the Geely Coolray fuel efficient?

According to Philkotse's test drive, the Coolray's fuel consumption averages from 14.6 - 16.4 km/l with normal driving conditions.

4. Which the Geely Coolray is best?

If you want the brilliant conversation starter and/or if you actually have trouble with parking then get the Coolray Sport. If you really want to enjoy a vehicle with less electronic knick-knacks, then get the Coolray Comfort.

 

₱ 1,083,000 - ₱ 1,299,000

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