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

Updated Oct 28, 2022 | 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 Honda CRV price Philippines 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 2024

Honda CR-V

The 2024 Honda CR-V is a midsize crossover SUV. For the Philippine market, it has three variants: the V Turbo CVT, VX Turbo CVT, and the RS e:HEV (hybrid) e-CVT. 

The latest version of this Honda model has two different engine options. For the top-spec hybrid trim, it uses a 2.0-liter gasoline four-banger paired with a dual motor and lithium-ion battery. The combustion component alone produces up to 145 horsepower and 183 Nm of torque. The electric-powered component meanwhile, can churn out 181 horsepower and 335 Nm of torque. 

Aboard the V and VX trims meanwhile is a 1.5-liter inline-4 engine that can churn out 187 horsepower and 240 Nm of torque. 

Only the VX gets all-wheel-drive, while the rest are front-wheel-drive. All trims then use a continuously variable transmission (CVT), but the one on the hybrid trim is an electronic CVT (e-CVT). 

In terms of dimensions, the all-new CR-V is 4,691mm long, 1,866mm wide, and 1,681mm (1,691mm for VX) in height. Both the hybrid and the V’s wheelbase then spans 2,701mm (2,700mm for VX). 

Locally, the Honda CR-V competes against the likes of the Mazda CX-9, Cherry Tiggo 8 Pro, Kia Sorento, Hyundai Santa Fe, Peugeot 5008, etc. 

 

Honda CR-V Launch

The Honda CR-V was introduced to the Philippine market in September 2023. It launched with three different variants: the top-spec RS e:HEV CVT, the mid-spec VX CVT AWD, and the entry-level V CVT FWD. At launch, their prices ranged from Php 2.100 million to Php 2.590 million.

Honda CR-V Exterior

The 2024 CR-V carries the sleekness and the sportiness of the modern Honda design. Present on its front end are a pair of sharp LED headlamps which are outlined by LED daytime running lamps, a black-colored hexagonal mesh grille, and an angular front lower bumper. 

honda cr-v philippines exterior

The sides then feature power-folding side mirrors, a straight window line, and black plastic claddings for the VX and V. Its rear likewise gets a power tailgate, and a distinctively shaped pair of LED taillights. 

honda cr-v philippines door handles

honda cr-v philippines headlights

honda cr-v philippines wheels

The RS hybrid trim stands out among the three as it gets plenty of additions mainly focused on style. This includes a black color for its side mirrors and antenna, body-color mudguards, and a set of 18-inch piano black alloy wheels.

Honda CR-V Interior

Inside, the top-spec RS e:HEV can seat up to five, whereas the V and VX can accommodate up to seven. 

Present on all trims is a 10.2-inch digital gauge cluster, leather seats (w/ red stitching for the RS), a push-to-start button, USB A and C charging ports, an eight-way power adjustable driver’s seat (w/ power lumbar support for RS), auto-dimming rearview mirror, etc.

honda cr-v philippines dashboard

honda cr-v philippines touchscreen

Only the RS and VX get rain-sensing wipers but exclusive only to the highest-spec trim are a sunroof, paddle shifters, and a drive mode selector with normal, eco, and sport. The rest do get an eco-drive mode. 

For air-conditioning, the RS e:HEV gets a dual-zone automatic climate control system while the V and VX get a triple-zone automatic climate control system. All have physical buttons, as well. 

Technology & Safety Features

Present on all CR-V trims is a 9-inch touchscreen with wireless Apple CarPlay and Android Auto. It also gets Bluetooth, USB connectivity, and audio streaming. Likewise available to all CR-V variants is a wireless charging pad. 

Sound is fed to the CR-V’s cabin by a 12-piece Bose sound speaker (RS) or an eight-piece sound system (VX and V). 

Present on all trims of the 2024 CR-V is the Honda Sensing driver-assistive suite. This includes features like adaptive cruise control with low-speed follow, collision mitigation braking, forward collision warning, lane keep assist, road departure mitigation, lane departure warning, automatic high beams, adaptive driving beams, lead car departure notification, and a driver attention monitor.

Those advanced safety features are then supported by seven airbags, anti-lock braking, stability control, hill-start assist, hill-descent control, a 360-degree view camera, tire pressure monitoring, ISOFIX child seat anchors, parking sensors (eight for RS, four for VX and V), a security alarm, an engine immobilizer, etc.

Platform & Chassis

The CR-V uses a MacPherson strut for the front and a multi-link suspension system for the rear. Braking is done via disc brakes for all four wheels and an electronic parking brake. 

Engine & Drivetrain

There are two engine options for the 2024 CR-V. For the RS e:HEV, it gets a 2.0-liter gasoline engine paired with a dual-motor, lithium-ion battery setup. The gasoline mill alone produces up to 145 horsepower and 183 Nm of torque. The electric component then adds 181 horsepower and 335 Nm of torque to its output. Power is then sent to its front wheels via an e-CVT. 

The VX and V, both utilize a 1.5-liter turbocharged gasoline engine that’s good for 187 horsepower and 240 Nm of torque. Both use CVT, but the V is front-wheel-drive, while the VX is all-wheel-drive. 

There are five available color options for the 2024 CR-V. This includes Ignite Red Metallic, Meteoroid Gray Metallic, Lunar Silver Metallic, Platinium White Pearl, and Canyon River Blue Metallic. 

The Honda CR-V is more than a competent challenger to other similarly sized crossovers when it comes to making power, and on-board features. It is also on top of the totem pole when it comes to providing a comprehensive safety kit. All the more to its credit is the fact that the latter comes as standard to all three of its trims. 

Honda CR-V Pros & Cons

 Pros Cons
  • Stylish looks

  • Comprehensive safety kit

  • Generous output figures

  • Plenty of onboard features

  •  Reduced cargo space on certain trims

Honda CR-V Q&A

1. What kind of car is the Honda CR-V 2024?

Sized and designed like a Volkswagen Tiguan, the 2024 Honda CR-V is a five-seat small crossover.

2. How many color options are there for the Honda CR-V to choose from?

The Honda CR-V is available in 4 colors including Ignite Red Metallic, Modern Steel Metallic, Platinum Pearl White, Cosmic Blue Metallic.

3. Is there a diesel Honda CR-V in the Philippines?

Honda Philippines offers the Honda CR-V in two variants – the five-seater gasoline and the seven-seater diesel.

4. Is the Honda CR-V 2024 Philippines a good car?

Yes, the CR-V is one of the country's most popular cars in the compact crossover segment. The Philippines saw the beginning of the Honda CR-V in the late 1990s and after two decades, it still remained one of the most prominent nameplates in its class.

5. How much is the Honda CR-V 2024 Philippines?

Honda CR-V 2024 price Philippines ranges from Php 2,100,000 to Php 2,610,000.

 
 

₱ 2,100,000 - ₱ 2,590,000

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Joseph Paolo Estabillo

Joseph Paolo Estabillo

Author

Joseph holds a degree in Journalism from the University of the Philippines Diliman and has been writing professionally since 1999. He has written episodes for CNN Philippines' motoring show Drive, and has worked on corporate projects for MG Philippines and Pilipinas Shell. Aside from being Philkotse.com’s Content Lead, he also writes content for numerous car dealerships in the U.S., spanning multiple brands such as Alfa Romeo, Chrysler, Dodge, Jeep, and Maserati, among others.

Facebook: https://www.facebook.com/kapatilya

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