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Used Cars less than PHP 500,000 for sale

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838 results found
Used 2005MDL FORD EVEREST A/T 4X2 DSEL

2005MDL FORD EVEREST A/T 4X2 DSEL

Metro Manila, Quezon City

₱330,000

Automatic 90 km

Used 2006MDL HONDA JAZZ 1.3 IDSI A/T HATCHBACK

2006MDL HONDA JAZZ 1.3 IDSI A/T HATCHBACK

Metro Manila, Quezon City

₱280,000

Automatic 85 km

Used 2010MDL HONDA CIVIC 2.0 S A/T SEDAN OCTAGAN

2010MDL HONDA CIVIC 2.0 S A/T SEDAN OCTAGAN

Metro Manila, Quezon City

₱380,000

Automatic 24 km

Used Hot deal alert! 2nd hand 2011 Kia Carnival EX LWB Automatic Diesel for sale!

Hot deal alert! 2nd hand 2011 Kia Carnival EX LWB Automatic Diesel for sale!

Metro Manila, Makati

₱478,000

Automatic 44,000 km

Used Pre-owned 2013 Toyota Vios  1.5 G MT Gas for sale in good condition

Pre-owned 2013 Toyota Vios 1.5 G MT Gas for sale in good condition

Metro Manila, Makati

₱388,000

Manual 70,000 km

Used 2010MDL MAZDA2 A/T 1.5e HATCHBACK 5.SEATERS

2010MDL MAZDA2 A/T 1.5e HATCHBACK 5.SEATERS

Metro Manila, Quezon City

₱350,000

Automatic 50 km

Used FOR ASSUME HYUNDAI ACCENT 2019 A/T

FOR ASSUME HYUNDAI ACCENT 2019 A/T

Davao del Sur, Davao City

₱250,000

Automatic 50,000 km

Used For Sale....  Hyundai Accent 1.4 GL A/T 2020

For Sale.... Hyundai Accent 1.4 GL A/T 2020

Davao del Norte, Tagum

₱475,000

Automatic 12,000 km

OR/CR verified

Used Hyundai Accent 2020 MT For Assume

Hyundai Accent 2020 MT For Assume

Bohol, Panglao

₱280,000

Manual 17,000 km

Used Second hand Grey 2019 Hyundai Accent  for sale

Second hand Grey 2019 Hyundai Accent for sale

Davao del Sur, Davao City

₱450,000

Automatic 30,000 km

Used Second hand 2017 Hyundai Accent  for sale in good condition

Second hand 2017 Hyundai Accent for sale in good condition

Davao del Sur, Davao City

₱430,000

Automatic 1,234 km

Used 2018 Hyundai Eon  0.8 GLX 5 M/T for sale by Trusted seller

2018 Hyundai Eon 0.8 GLX 5 M/T for sale by Trusted seller

Metro Manila, Manila

₱378,000 ₱107,400 DP

Manual 9,000 km

Used 2nd hand 2017 Mitsubishi Mirage Hatchback in good condition

2nd hand 2017 Mitsubishi Mirage Hatchback in good condition

Metro Manila, Caloocan

₱415,000

Automatic 48,000 km

Used 2017 Suzuki Swift Hatchback at cheap price

2017 Suzuki Swift Hatchback at cheap price

Metro Manila, Caloocan

₱450,000

Automatic 40,000 km

Used Sell pre-owned 2015 Mitsubishi Mirage HB GLS MT Red

Sell pre-owned 2015 Mitsubishi Mirage HB GLS MT Red

Cavite, Bacoor

₱270,000

Manual 80,000 km

Used Toyota Innova 2010 G Gas Automatic

Toyota Innova 2010 G Gas Automatic

Metro Manila, Las Piñas

₱470,000

Automatic 70,000 km

Used 2018 Toyota Wigo 1.0L G AT - Hatchback

2018 Toyota Wigo 1.0L G AT - Hatchback

Metro Manila, Quezon City

₱458,000 ₱137,400 DP

Automatic 30,000 km

Used Toyota Altis 2013 G Automatic

Toyota Altis 2013 G Automatic

Metro Manila, Las Piñas

₱420,000

Automatic 60,000 km

What are certified pre-owned cars? Repossessed cars?

You are looking for Used Cars less than PHP 500,000 for sale on Philkotse.com - one of the biggest online platforms for car buying and selling online in the Philippines. To adjust your criteria for more results, you can navigate to our search tool on the left of this landing page.

When shopping for second hand cars for sale, we often hear lots of terminologies in which some were not aware of. Some of the terms you would most likely hear are the word “certified pre-owned (CPO) cars and repossessed cars.

In this article, Philkotse.com will define what certified pre-owned and repossessed cars mean.

What does certified pre-owned mean?

For cars that have been stamped with the CPO badge, these cars are 2nd hand vehicles for sale which have relatively low mileage and has not suffered any major accidents.

Certified pre-owned cars will go under a thorough multi-point inspection process by the dealer. Any car parts that needed repairs will be replaced with brand new components. Basically, these cars are dealer-approved, refurbished vehicle.

There are different metrics that are the basis when selecting a certified pre-owned car, but it all depends on the dealership that offers them. Usually, cars that have low mileage and have a complete service history. It should also be a few years old. There are instances that the service cars or dealership demo units get relegated to a CPO status.

For the dealer's eyes, these repossessed and leased cars still have value. The opportunity in making these cars look good as much as possible for prospective used buyers is too good for them to pass up.

Certified pre-owned cars have more advantages and benefits compared to regular second-hand vehicles. One of them is the additional peace of mind when you buy a CPO. The dealership will give an extended warranty.

There are also times that they will also give some extras like free roadside assistance and maintenance vouchers. That's on top of the part replacement process and a thorough car inspection. It also comes with a complete set of car history and service records.

In addition, dealers also throw in special deals and low financing rates on CPO vehicles which allow CPO car buyers to drive off a certified pre-owned vehicle with ease.

What are repossessed cars?

Bank repossessed cars are also called repo is another good option when buying a pre-owned car. Repossession works when somebody else's loss becomes the gain of a bargain hunter. The banks take back the cars from people who failed to repay their car loans. These repossessed cars will be put on sale.

Just like CPO, repossessed cars also have several benefits such as a more affordable price. With the continuous price increase because of the tax reform law or TRAIN law, most car buyers will opt for cheaper options like repossessed cars. These types of used cars become more appealing, especially for budget-conscious consumers.

Another good reason why repossessed cars are a great option is that most repossessed cars are newer vehicles that are still in good condition. This is because repo cars are up for sale because the former car owner was not able to keep up with their loan repayments and not because it the condition of the car is deteriorating.

You can also assure that the repo car sellers are trustworthy and safe. This is because you are buying from a bank which will assure you a secure and legal transaction. You are buying from a bank which is a reputable financial institution.

Certified pre-owned cars and repossessed cars are two different things but both are a great option when it comes to buying used vehicles for sale.