Top 5 low monthly payment cars in the Philippines 2018

Apr 10, 2018 | Same topic: Best advice for car buyers
Check out our list of low monthly payment cars in the Philippines 2018 (updated 2019) together with top cheapest cars under P500k.

Buying cheap brand new cars in the Philippines is always an arduous task and money is always the first thing that budget-conscious buyers take into consideration. Thankfully, purchasing a car with monthly payment is a practical solution.

For Filipinos who choose this method of buying, forking over the down payment and committing to a monthly installment for a few years ahead is a crucial step that should not lightly be taken. By this article, we at Philkotse.com will help your job less taxing with a list of low monthly payment cars in the Philippines 2018/2019.

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Purchasing a car with monthly payment is a practical solution

Of note, this list of lowest car down payment and monthly is compiled based on BPI’s loan calculator. Correspondingly, reach loan has a 10% down payment agreement and runs for 5 years. So let’s find out.

I. Lowest monthly payment cars in the Philippines 2018/2019

1. Kia Picanto 1.0 SL AT 

  • SRP: P695,000
  • Monthly: P11,881

Hatchbacks are undoubtedly among cheapest cars in the Philippines with Kia Picanto is the first name coming to our mind. The Picanto is now on its third-gen model and it is still energetic and youthful. Better still, its cabin space is expanded thanks to the 15-mm increase in the wheelbase.

For 2018, the hot hatch receives an entire makeover on the outside. In detail, its tiger-nose front grille has been extended to make it closer to sportier Kia models like the Forte and the Rio. In the meantime, the headlamps are currently bolder and more aggressive when compared to the rounded shape of the predecessor. Even the taillights are revised too to be consistent with the exterior refresh.

Inside the Picanto is more modern and certainly, more spacious as mentioned above. It comes with a horizontal design which accentuates the added space in the head-, shoulder- and legroom. As well as that, seats at the rears can likewise be folded to a 60/40 split ratio.

Kia Picanto 2018 angular front

The average monthly payment on a brand-new Picanto is just P11,881

The Japanese brand did not touch the Picanto’s heart. The hatch still packs the familiar 1.0-liter 3-cylinder gasoline engine. Despite the untouched mill, driving experience is significantly enhanced thanks to an upgraded chassis.

Retailing at P695,000 for the base 1.0 SL AT, the Kia Picanto is definitely one of the cheapest automatic cars in the Philippines. And the average monthly payment on a brand-new one is just P11,881.

Kia Picanto price in the Philippines
Model Price
Kia Picanto 1.0 SL MT P635,000
Kia Picanto 1.0 SL AT P696,000
Kia Picanto 1.2 GT-Line AT P798,000

>>> View more:

2. Chevrolet Spark 1.4 LT MT

  • SRP: P694,888
  • Monthly: P11,862

The Spark is Chevy’s entry for the subcompact hatchback segment in local auto market. Its fresh design, price tag and also, its monthly installment of P11,862 make the Chevrolet Spark a top pick for those who’re seeking for low down payment cars in the Philippines 2018/2019.

In terms of exterior design, the iconic almond-shaped headlamps give the Spark a unique appearance, along with the two-door hatch illusion.

Chevrolet Spark 2018 angular front

A monthly installment of P11,862 makes the Spark a top pick for those who’re seeking for low down payment cars

As for the interior, Chevy has kept the dashboard clean by employing smaller buttons and knobs yet has made it brighter with LED lighting. Particularly, a 7-inch touchscreen display with the brand’s MyLink system controlled by buttons on the steering wheel greatly beautifies the center console. What’s more, the motorcycle-inspired gauge on the last model has been replaced by a conventional 3-inch LCD display.

Safety features include keyless entry, immobilizer, anti-theft alarm and driver airbag.

The current Spark is armed with a 1.4-liter gasoline engine with 99 hp @ 6,200 rpm and 128 Nm of torque @ 4,400 rpm, paired with a 5-speed manual transmission.

Chevrolet Spark price in the Philippines
Model Price
Chevrolet Spark 1.4 LT MT P694,888
Chevrolet Spark 1.4 LT CVT P734,888
Chevrolet Spark 1.4 LTZ CVT P859,888

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3. Nissan Almera 1.2 MT

  • SRP: P657,000
  • Monthly: P11,215

The Nissan Almera is also amidst cars with low down payments and low monthly payments in our shores. The sedan is adorned with subtle lines and glossy curves around the car body to give it a touch of class which is further highlighted by chrome accents at the front-end and the trunk.

Interior-wise, a 5-seater cabin provides us with roomy head- and legroom. The center cluster of controls is also illuminated to be more legible at night. Also worth noting is a cavernous trunk space of 490L.

Nissan Almera 2018 angular front

The entry-level Nissan Almera 1.2 MT 2019 is priced at P657,000 and has a monthly payment of P11,215

The 2019 Almera is fairly protective with front airbags, brake assist, keyless entry, child protection lock plus anchor, immobilizer and speed sensing door locks.

Under the bonnet is a 1.2-liter engine mated to a 5-speed manual transmission.

The entry-level Nissan Almera 1.2 MT is priced at P657,000 and has a monthly payment of P11,215.

Nissan Almera price in the Philippines
Model Price
Nissan Almera 1.2 Base MT P657,000
Nissan Almera 1.5 E MT P735,000
Nissan Almera 1.5 E AT P824,000
Nissan Almera 1.5 V P900,000
Nissan Almera 1.5 VL P933,000

>>> Read more:

4. Honda Brio 1.3 S AT

  • SRP: P671,000
  • Monthly: P11,454

The Honda Brio 2019 is decidedly worth noting on this list of low down payment cars in the Philippines. Like any Honda model in the market today, the Brio exudes a premium feel with its goodies for the long-term, in spite of being a hatch.

Close to the Honda Jazz, the Brio’s 14-inch alloys make it feel nicely balanced on the road with some bias of sportiness. Beyond that, it’s well-packaged with multi-reflector headlights, steering wheel mounted audio controls and key safety features. Plus, with some few clicks, you’re able to haul large cargo thanks to the flat-folding rear seats.

Honda Brio 2018 angular front

To possess this hot hatch, you just need to pay for around P11,454 each month

Driving the baby Brio S AT is a new 1.3-liter i-VTEC engine working in conjunction with a 5-speed automatic transmission. This power plant is capable of dishing out 127 Nm and 99 hp. A bigger engine doesn’t mean it is not eco-conscious. Yes, the Honda Brio is still a fuel-efficient model.

To possess this hot hatch, you just need to pay for around P11,454 each month.

Honda Brio price in the Philippines
Model Price
Honda Brio 1.3 S MT P631,000
Honda Brio 1.3 S AT P671,000
Honda Brio 1.3 V Navi AT P791,000

>>> Also check out: Honda Brio 2018 review

5. Mitsubishi Mirage 1.2 GLS MT

  • SRP: P692,000
  • Monthly: P11,812

Another hatch on our list today is the Mirage from Mitsubishi. The 2019 Mirage is in its 6th-generationm and it sports a great balance between visual and versatility.

The façade is pronounced with a chrome-framed grille leading to a more sculpted bonnet. The bumper is also decked with a chrome accent via crossbar which ushers to the fog lamps. Meanwhile, lower tail lights are present at the rear car.

Stepping inside, the cockpit is striking with a 6.5-inch touchscreen supporting navigation and card reader. Dual airbags comes as standard on this model.

Mitsubishi Mirage 2018 on the road

With a monthly payment of P11,812, the Mirage is admittedly one of the cheapest cars with low monthly payment

In the Philippines, the Mitsubishi Mirage 1.2 GLS MT is equipped with a 1.2-liter gasoline engine churning out a max torque of 100 Nm and 78 hp, coming paired with either a 5-speed manual gearbox.

With a tag of P692,000 and monthly payment of P11,812, the Mirage is admittedly one of the cheapest cars with low monthly payment in the Philippines.

Mitsubishi Mirage price in the Philippines
Model Price
Mitsubishi Mirage GLX 1.2 G MT ₱570,000
Mitsubishi Mirage GLX 1.2 G CVT ₱621,000
Mitsubishi Mirage GLS 1.2 G MT ₱692,000
Mitsubishi Mirage GLS 1.2 G CVT ₱743,000

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We have just gone through 5 low monthly payment cars Philippines 2018 (updated 2019). Hope that the list is useful for your car search. In case you still cannot afford those vehicles, have a look at the following models which can be had for under P500k.

II. Lowest down and monthly payment cars 2018/2019: Cars below P500k in the Philippines

While the list above suggests mostly hatchbacks with only one option for sedan, this following collection will widen your car search to various car types including hatchback, sedan, minivan and even truck. Most of them are manufactured by Chinese carmakers and can be had at under P500k.

Cars below P500k in the Philippines
   Models Price
Cheapest hatchbacks Cherry QQ3 P499,000
Haima 1 P499,000
Geely LC P449,000
Lifan 320 P498,000
Suzuki Alto P445,000
Cheapest minivans BAIC MZ40 P488,000
Haima F Star PC P449,000
Cheapest sedans Lifan 520 P498,000
Cheapest trucks Chery Q22B P470,000

To learn more about each of the vehicles listed above, please click here.

Hopefully our post on Philkotse.co today has helped Pinoy car buyers narrow their search to the most budget-friendly choices and have an idea of how much they should spend each month for their next cars. It is also advised to learn as much car buying tips as possible.

It normally takes you weeks, even months, to finally decide which one will be worth your hard-earned money so make sure to prepare yourself both physically and mentally.