Honda Civic Financing: How much do you need to buy one?

Updated Jul 13, 2021 | Same topic: Best Advice for Car Buyers

The model lives on in our shores, even as it has said goodbye in Japan.    

Although the Honda Civic has been around for almost 50 years, it was only in late 1992 when it made its Philippine debut via the fifth generation in sedan and hatchback guises. This started off the model’s favored status among custom car tuners. 

Honda Civic RS

The Honda Civic in our market is currently on its tenth generation

Since then, the Civic’s image as a reliable and fuel-efficient vehicle has been eclipsed by a reputation for sportiness, with several performance derivatives such as the SiR and the Type R. Along with this shift came ever-increasing dimensions, something that customers in its home market probably didn’t appreciate very much, leading Honda to finally discontinue the Civic in Japan.      

Nevertheless, the compact sedan lives on in overseas markets, especially with the 11th generation model having made its North American debut. As we wait for the local release to be officially announced, here’s how much you’ll probably need to set aside if you opt to get the current Honda Civic on installment basis in the Philippines.  

Honda Civic S 1.8 CVT

The base S variant offers halogen projector headlamps flanking the chrome grille, as well as power-adjustable side mirrors. Body color handles mark the doors along its fastback-shaped body, with C-shaped LED taillights at the rear. It stands on a set of 16-inch alloy wheels. Inside, there’s space for up to five occupants with black fabric seats. An automatic climate control system adds convenience for everyone on board. Drivers work with an LCD instrument cluster, while passengers get a 7-inch touchscreen audio head unit offering Bluetooth and USB connectivity.

Honda Civic RS side

Honda managed to use higher-grade steel over the previous model 

Power comes from a 1.8-liter i-VTEC SOHC gasoline engine rated at 139 hp and 174 Nm of torque, spinning the front wheels through a continuously variable transmission (CVT). The chassis is buoyed by MacPherson strut front and rear multi-link suspension, and standard safety equipment includes dual airbags and anti-lock brakes with electronic brakeforce distribution. 
   
The entry-level Civic comes in at Php 1,115,000. Using the Philkotse Honda Civic installment calculator, the bank installment for 36 months is Php 31,184 on a 20 percent downpayment or Php 223,000. Extending the term to 48 months results in a recurring bill of Php 25,097, going down to Php 18,823 if the downpayment is doubled to 40 percent or Php 446,000. 

Honda Civic E 1.8 CVT

Moving up to the midrange trim level gets full LED auto-leveling headlamps and chrome fog light garnishing, along with shark gray metallic alloy wheels. Ingress to the cabin is through a smart entry system, while a push start button lights up the full color TFT instrument panel. The 7-inch touchscreen advanced display audio screen now features iPod and iPhone connectivity.

Honda Civic RS interior

Tech features abound for both driver and passenger 

The powertrain is the same as on the S variant, with an electronic parking brake featuring auto brake hold. Electric power steering makes the rather wide Civic nimble on corners. The multi-view reverse camera with dynamic guidelines on the display allows drivers to monitor the rear for obstacles.  

Pricing for the E variant is at Php 1,188,000. With the Honda Civic bank installment calculator, the downpayment and monthly come down to Php 356,400 and Php 29,073, respectively (assuming a 30 percent cash outlay and 36-month payment term). For a contract of 48 months, the monthly bill amounts to Php 23,398. 

Honda Civic RS Turbo 1.5 CVT

For the range-topping Civic, both headlamps and foglamps already utilize LED illumination, surrounding an RS grille rendered in high gloss black. The windshield uses rain-sensing wipers, while a wing-type RS Design spoiler and twin exhaust tailpipes can be found at the rear. The RS wears 18-inch alloy wheels.   

Honda Civic RS head unit

The reverse camera is equipped with dynamic guidelines on higher-spec trims

Interior equipment includes 8-way power adjustment for the driver’s seat, leather upholstery with red stitching, dual-zone automatic climate control, and ambient lighting. The leather steering wheel features controls for audio and hands-free telephony, while the touchscreen includes built-in navigation. 

Under the hood lies a 1.5-liter DOHC VTEC engine with single-scroll turbo and internal wastegate, generating 171 hp and 220 Nm of torque. The engine can be started remotely to cool down the interior during summer months. The RS features side and curtain airbags in addition to vehicle stability assist, hill start assist, and emergency stop signal.  

Honda Civic RS engine

A 1.5-liter turbo VTEC engine powers the range-topping variant

Priced at Php 1,615,000, the Honda Civic RS Turbo on installment basis in the Philippines carries a 36-month bill of Php 45,168 on a downpayment of 20 percent or Php 323,000. Increasing the initial cash payment to 40 percent or Php 646,000 and extending the payment term to 48 months brings down the recurring bill to Php 27,264 while going for a 60-month contract will only require a regular payment of Php 23,359. 

As always, these are all estimates, exclusive of other costs such as maintenance, fuel, insurance, and registration at the end of the first three years of ownership. Your nearest Honda dealer will be able to give you a more accurate computation based on your current budget. 

Find more tips that add up to a great car ownership experience at Philkotse.com.

Know more about Honda Civic 2021

Honda Civic

Currently, the Honda Civic compact sedan is now in its 10th generation. It was first introduced back in April 2016, and currently it has three variants. Under the hood, the 10th-gen Civic for the Philippine market has two engine options. The Civic RS uses a 1.5-liter turbocharge inline-4 that can make up to 171 horsepower and 220 Nm of torque. The second engine option is a naturally-aspirated 1.8-liter inline-4 that can produce a maximum of 139 horsepower and 174 Nm of torque. All variants use a continuously variable transmission, which sends all power to the front wheels.

From ₱1,115,000

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Joseph Paolo Estabillo

Joseph Paolo Estabillo

Author

Joseph has been a member of various car clubs since he got his driver's license in 2004 – old enough to remember riding in taxicabs with analog meters, but his fascination with cars goes way back. After nearly two decades of working in broadcast media, he shifted gears by coming on board as Philkotse’s first Filipino member and staff writer in 2017.

Apart from his role in Philkotse as Content Team Lead, Joseph has written episodes for Drive, which has been airing on CNN Philippines for five seasons running. He has also delivered content for various car dealerships based in the U.S., spanning multiple brands such as Alfa Romeo, Maserati, Jeep, Dodge, among others.

Keeping his hopes high and his revs low, he dreams about owning a Kei car when he retires. Hates slow parkers.

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