Honda CR-V: How much do you need to earn to buy one?

Updated Jun 04, 2021 | Same topic: Best Advice for Car Buyers

This compact crossover is still going strong with diesel power.

Back when Honda Cars Philippines, Inc. (HCPI) introduced the CR-V in 1997, the thought of having a diesel in the Honda lineup must have been the farthest thing from everyone’s minds. Honda’s VTEC engine technology was having a field day in the market, and it was difficult to reconcile its mechanical elegance with diesel’s noisy and sooty reputation.

2021 Honda CR-V Facelift First Look Philippines: Spicing up the working recipe

Fast forward to more than two decades later, the Honda CR-V is still holding its own in the compact crossover wars. Not only has the Japanese carmaker managed to integrate diesel technology to one of its mainstay offerings, but it has also turned the CR-V into a true family vehicle with seven seats.

Fancy having a CR-V for those drives around the city or out of town? We present several financing options for you to own one.

Honda CR-V S 2.0 CVT

The entry-level S is the only gasoline-powered variant in the lineup, with a 2.0-liter SOHC i-VTEC mill rated at 152 hp and 189 Nm of torque. A continuously variable transmission channels the engine’s output to spin the front wheels. Full LED headlamps surround the honeycomb mesh grille, along with body-color door handles and power-folding side mirrors. The corners are marked with 18-inch alloy wheels, contributing to its 198mm ground clearance.

Honda CR-V

The Philippine-spec Honda CR-V underwent a facelift last year

Interior amenities include seating for up to five occupants accompanied by 522 liters of space for cargo behind the rear bench. Front seats are manually adjustable, while dual-zone automatic climate control and a 7-inch touchscreen featuring Apple CarPlay and Android Auto are standard.          

The CR-V S 2.0 CVT carries a price of Php 1,678,000. Financing options include a downpayment of 20 percent or Php 335,600, which results in a monthly amortization of Php 46,930 for 36 months. Raising the downpayment to 30 percent or Php 503,400 and extending the contract to 48 months requires only Php 33,048 in monthly payments, while a 60-contract gets you a monthly bill of Php 28,315.

Honda CR-V S 1.6 AT

The midrange diesel variant comes with LED foglamps and rear lamps, along with variable intermittent wipers in front and a rear windshield defogger. A Smart Entry system gives you access to the cabin featuring room for seven occupants, and the second and third rows can slide and recline. Two USB charging ports at the rear complement the 12-volt power outlet in front.

Honda CR-V interior

Any tech geek would probably marvel at the CR-V's interior

Under the hood lies a 1.6-liter turbocharged i-DTEC engine generating 118 hp and 300 Nm of torque, linked to a 9-speed automatic transmission. Front MacPherson struts and rear multi-link suspension buoy the chassis above the ground, while safety features include six airbags, stability assist, and a multi-view reverse camera.

Coming in at Php 1,888,000, the S 1.6 AT Diesel trim commands a 36-month amortization of Php 46,203 on a downpayment of 30 percent or Php 566,400. Increasing the initial cash outlay to 40 percent or Php 755,200 reduces the recurring bill to Php 39,603, going even lower to Php 31,872 on a 48-month contract.

Honda CR-V SX 1.6 AWD AT

The range-topping CR-V goes all out in terms of equipment on offer, with a high beam support system on its headlamps, auto rain-sensing wipers, and a power tailgate with hands-free access. Power adjustment is also present for the front seats, with ambient lighting throughout the cabin. Wireless charging is available, along with an intelligent dual-zone automatic climate control connected to rear vents.

Mirror-mounted cameras

Cameras on the exterior mirrors bolster the CR-V's safety features

Honda's Real Time AWD is standard on the flagship variant. For safety, the SX comes with Honda Sensing driver-assist features such as Adaptive Cruise Control, Collision Mitigation Braking System, Lane keep Assist System, and Forward Collision Warning. Corner sensors are standard, as well as a low tire pressure warning system.

Priced at Php 2,158,00, the CR-V SX entails a monthly payment of Php 52,810 for a 36-month contract on a 30 percent downpayment or Php 647,400. If you choose to give 50 percent of the sticker price or Php 1,079,000, the monthly comes down to Php 37,722, while extending the term to 60 months will only entail a monthly bill of Php 26,010.

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 CR-V 2021

Honda CR-V

<p>The Honda CR-V is a compact crossover current sold by Honda Philippines Inc. It is now in its fifth-generation model, but the CR-V in general&nbsp;has been around since the 1990&#39;s.&nbsp;</p> <p>Currently, the CR-V has two engine options. The first one&nbsp;is a 1.6-liter diesel, which can make up to 118 horsepower and 300 Nm of torque. All variants with this engine uses a nine-speed automatic transmission. The top-spec trim has an all-wheel-drive drivetrain, while the rest of the trims are front-wheel-drive. The second engine for the CR-V is a 2.0-liter inline-4 gasoline mill capable of producing up top 152 horsepower and 189 Nm of torque. This engine is only available on the entry-level S variant where it is paired with a continous variable transmission.</p> <p>Of note, the top-spec CR-V for the Philippine market is equipped with several driver-assist features like adaptive cruise control, lane-keep assist, road departure mitigation, lane departure warning, among others.&nbsp;</p> <p>The entry-level CR-V S and the CR-V S diesel variant can fit up to five occupants. The CR-V V and the top-spec SX can seat up to seven occupants.&nbsp;</p>

From ₱1,678,000

Explore
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.

View more