If you’ve been mulling over getting a brand-new Honda, then these new promos under the new “Power Drive Deals” from Honda Cars Philippines, Inc. (HCPI) might get you to take the final plunge.
Honda's Power Drive Deals might convince you to finally get the new car you want
Running from July 1 to 31, 2022, the said month-long promo offers plenty of options for would-be buyers. This includes cash discounts, low all-in dowpayment, low monthly amortizations, flexible financing options, and many other offerings.
For starters, one can drive home a Honda City S 1.5 CVT for as low as Php 17,340 monthly. Or if one prefers, it can also be had via a low all-in downpayment of Php 10,000. It is also available with a promo discount of Php 35,000.
That’s just a taste of what this new series of promos from Honda is offering. So to give you a better picture of all the promos for Honda models via the Power Drive Deals, here’s a table:
| Model variant | SRP | Special and regular low all-in DP for as low as | Low monthly for as low as | Promo discount |
| 2022 City 1.5 S CVT | Php 938,000 | Php 10,000 | Php 17,340 | Php 35,000 |
| 2022 BR-V 1.5 S CVT | Php 1,058,000 | Php 10,000 | Php 19,558 | Php 60,000 |
| 2022 Brio 1.2 CV CVT | Php 742,000 | Php 18,000 | Php 13,717 | Php 10,000 |
| 2022 Civic S Turbo Honda Sensing | Php 1,368,000 | **Php 71,000 | Php 25,289 | Php 25,000 |
| 2022 CR-V S Diesel Honda Sensing | Php 1,968,000 | **Php 97,000 | Php 36,380 | Php 35,000 |
| 2022 City Hatchback RS CVT | Php 1,138,000 | **Php 55,000 | Php 21,037 | Php 20,000 |
| 2022 Accord EL Turbo Honda Sensing Php | 2,350,000 | - | - | Php 60,000 |
| 2022 HR-V V Turbo Honda Sensing | Php 1,598,000 | **Php 105,000 | Php 29,541 | - |
Of note, the special low all-in downpayment is based on a 10 percent downpayment. The regular low-all-in downpayment, as indicated by the “**”, is based on a 15 percent downpayment. The low monthly amortization figures on the table meanwhile are based on 20 percent downpayment with a 60-month payment term.
The Civic S Turbo is included in the Power Deals Promo
For select models, Honda is also offering flexible financing options depending on the bank. Here’s a table if one opts for the 15 percent and 20 percent all-in downpayment offers:
| Bank Partner | All-in Program | All-in package | DP Percentage | Payment terms |
| RCBC | -Low cash-out -Low monthly -Free one month amortization | -Free chattel mortgage -Free LTO registration -Free insurance | 15% and 20% | 36-60 months (For Maybank, the free insurance is available for those getting the 60-month payment term) |
| China Bank Savings | ||||
| BDO | 20% | |||
| Maybank | ||||
| Security Bank | -Free chattel mortage -Free LTO Registration | |||
| BPI | 15% and 20% | |||
| East West Bank | ||||
| Bank of Commerce | ||||
| PNB | ||||
| PSBank | ||||
| Robinsons Bank |
Here are Honda’s banking partners for those planning to get a select Honda model with a 10 percent downpayment:
| Bank partner | Special all-in program | All-in package | DP Percentage | Payment terms |
| BPI | Special all-in DP | -Free chattel mortgage -Free LTO Registration | 10% | 36-60 months |
| China Bank Savings | ||||
| Bank of Commerce | ||||
| RCBC | -Free chattel mortgage -Free LTO Registration -Free Insurance |
Apart from those offers, a Honda model equipped with the Honda Sensing driver assist suite may also get an attractive insurance package. This comes via a partnership between BPI MS Insurance and AXA Philippines, and the preferential rates for this offer can be had for as low as Php 2,119 per month for 12 months.
Likewise, the all-new Honda HR-V V Turbo is among the select models for this promo
For more information regarding the Honda Power Drive Deals, one can also visit the official Honda website or any of their social media pages. Also, the said promos are available nationwide, and one can also visit any of Honda’s 37 authorized dealerships spread around the Philippines for more details.
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