Honda Cars PH offers flexible options in line with safeguard tariffs

Updated Apr 28, 2021 | Same topic: Latest Consumer Reports

The company is lowering the required cash deposits on its models.

As with other car brands in the country, Honda Cars Philippines Inc. (HCPI) is complying with the provisional safeguard tariffs levied on imported vehicles. At the same time, it wants to make owning a Honda car easier for customers.  

Honda Brio

Despite being the smallest Honda car locally, the Brio requires the highest cash deposit

The company announced that it is lowering the required cash deposit amount across its local lineup, with emphasis on the Honda City subcompact and Civic compact sedans, Brio subcompact hatchback, and HR-V subcompact crossover. For prospective buyers, the deposits range from Php 7,000 to Php 60,000.

Model & Variants
SRP
Cash Deposit
City
2021 model
1.5 S MT
Php 848,000
Php 7,000
1.5 S CVT
Php 888,000
Php 7,000
1.5 V CVT
Php 978,000
Php 7,000
1.5 RS CVT
Php 1,058,000
Php 7,000
Civic
2020 model
1.8 E CVT
Php 1,188,000
Php 10,000
Brio
2020 model
1.2 S MT
Php 601,000
Php 40,000
1.2 V CVT
Php 661,000
Php 40,000
1.2 RS CVT
Php 730,000
Php 60,000
1.2 RS Black Top CVT
Php 735,000
Php 60,000
HR-V
2020 model
1.8 E CVT
Php 1,296,000
-
1.8 RS Navi CVT
Php 1,515,000
Php 30,000
 

For other Honda models such as the Jazz subcompact hatchback, Mobilio MPV, BR-V subcompact crossover, and CR-V compact crossover, HCPI says it will be releasing separate information regarding the required bond amount. It adds that the fee is refundable to customers, depending on the outcome of the Tariff Commission’s investigation.

Honda CR-V

Details on cash deposit for other models such as the CR-V will be available separately

>>> Related: What you need to know about DTI’s safeguard duty affecting car prices

As not everyone might prefer (or be able) to pay the cash deposit, HCPI offers two options. Customers can choose to explore other financing options such as personal loans to help pay for the safeguard duty bond, or they can avail of pre-safeguard duty inventories at Honda dealerships. However, these stocks have limited availability.

“Our dear customers continue to be Honda’s top priority at all times. We are hoping that with the aforementioned efforts, we will be able to extend a helping hand to our customers in addressing this challenge,” said HCPI President Masahiko Nakamura. “Moreover, we remain hopeful that the automotive industry will be able to find the light of recovery in the coming months.”

Get more industry updates at Philkotse.com.

Know more about Honda City 2021

Honda City

<p>The entry of Honda Cars Philippines Inc. to the subcompact sedan segment is the City. Now on its fifth-generation model, the new model comes with a sleeker exterior design along with a revamped interior and an updated in-cabin features. From the looks of it, this vehicle looks well suited to go up against its rivals in the subcompact sedan segment such as the <a href="https://philkotse.com/toyota-vios-price-philippines" title="Toyota Vios Philkotse Car Guide">Toyota Vios</a> and <a href="https://philkotse.com/kia-soluto-price-philippines" title="Kia Soluto Philkotse Car Guide">Kia Soluto</a>.</p> <p>The exterior of the latest release&nbsp;looks sleeker and sportier as compared to the outgoing model. Upfront, the top-spec RS variant&nbsp;comes with full LED headlights, LED fog lamps, a more prominent fog light garnish, a glossy black mesh grille, and a sporty bumper. On the other hand, the non-RS City variants also come with a striking facia but it doesn&rsquo;t have fog lamps. Also, non-RS trims are integrated with halogen projector headlamps.</p> <p>Honda&nbsp;Philippines is offering the City on four variants: RS CVT, V CVT, S CVT, and S MT. All variants come with a 1.5-liter four-cylinder i-VTEC gasoline engine. The said power unit generates 119 hp and 145 Nm of torque. In addition, all variants come&nbsp;with a continuously variable transmission (CVT) except for the entry-level S variant that uses a six-speed manual gearbox instead.</p>

From ₱848,000

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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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