20 Cheapest Cars You Can Buy Under P700,000

by Venus Zoleta, on category "Personal Finance"

September 24, 2018


Cheapest Cars in the Philippines | MoneyMax.ph

The recent spate of price increases in the Philippines has everyone scratching their heads. Car prices aren’t spared—the TRAIN law increased the automobile excise tax from 2% to 4% for vehicles priced PHP 600,000 and below.

What vehicle can you buy with PHP 700,000 nowadays?

With high car prices in the Philippines driving buyers crazy, you’d think that your options for the cheapest cars are now limited. However, you’ll be surprised by the numerous choices—from passenger vehicles like hatchbacks and sedans to commercial vehicles like vans and small trucks.

Looking for an affordable vehicle for your family road trips, business needs, or simply for driving to work? Here are the 20 cheapest cars available for sale in the Philippines for less than PHP 700,000.

1. Tata Ace Cab and Chassis

Cheapest Cars - Tata Ace Cab and Chassis

Price: Starts at PHP 360,000

Tata Motors, India’s largest automobile manufacturer, offers low-cost diesel vehicles in the Philippines. The Tata Ace is one of the cheapest cars in its lineup. At only PHP 360,000+, this small commercial vehicle is ideal for entrepreneurs trying to minimize their startup costs.

Tata Ace Key Specs

  • Body type: Mini-truck
  • Transmission type: Manual
  • Engine: 0.7L 702 cc
  • Performance: 16hp and 38Nm
  • Fuel type: Diesel
  • Fuel economy: 15.15 km/L

2. Suzuki Alto 800

Cheapest Cars - Suzuki Alto 800

Price (as of May 22, 2018): PHP 445,000

The Alto 800 is one of the few cars today that cost less than half a million pesos. Aside from being one of the cheapest cars around, this Suzuki hatchback helps save money on gas with its impressive fuel efficiency. It’s a practical vehicle for a family of five.

Suzuki Alto 800 Key Specs

  • Body type: Hatchback
  • Seating capacity: Five
  • Transmission type: Manual
  • Engine: SOHC 3-cylinder 12-valve with displacement of 796 (0.8L) cc
  • Performance: 47hp and 68Nm
  • Fuel type: Gasoline
  • Fuel economy: 24.81 km/L

3. Suzuki Super Carry

Cheapest Cars - Suzuki Super Carry

Prices (as of May 22, 2018):

  • Pick-up: PHP 489,000
  • Cargo Van: PHP 539,000
  • Utility Van: PHP 580,000

The Super Carry is Suzuki’s compact utility vehicle lineup geared towards small and medium businesses in the Philippines. It comes in three variants: pick-up, cargo van, and utility van. Costing less than PHP 600,000, these are among the cheapest cars for commercial use.

Suzuki Super Carry Key Specs

  • Body types: Pick-up / Cargo Van / Utility Van
  • Seating capacity:
    a. Pick-up and cargo van: Two
    b. Utility van: Two (front) + 10 (rear)
  • Transmission type: Manual
  • Engine: 2-cylinder 0.8L turbocharged Euro 4 diesel
  • Performance: 32hp and 75Nm
  • Fuel type: Diesel
  • Fuel economy: 19.19 km/L

4. Hyundai Eon

Cheapest Cars - Hyundai Eon

Hyundai Eon Prices:

  • 0.8 GLX 5MT: PHP 508,000 / PHP 526,000 (with Android AVN Unit)
  • 0.8 GLX 5MT – CBU: PHP 558,000.00 / PHP 576,000 (with Android AVN Unit)

While the other cheapest cars in the Philippines went over the PHP 500,000 mark following the higher excise tax due to the TRAIN law, the Hyundai Eon’s price range remains within the half-a-million-peso level. This makes the Eon one of the easiest cars to get for first-time buyers.

Hyundai Eon Key Specs

  • Body type: Hatchback
  • Seating capacity: Five
  • Transmission type: 5-speed manual
  • Engine: 0.8 L 814 cc 3-cylinder 12-valve
  • Performance: 56hp and 75Nm
  • Fuel type: Gasoline
  • Fuel economy: 20.8 km/L

5. Toyota Wigo

Cheapest Cars - Toyota Wigo

Toyota Wigo Prices (as of September 1, 2018):

  • 1.0E M/T: PHP 542,000
  • 1.0G M/T: PHP 581,000
  • 1.0G A/T: PHP 616,000
  • 1.0 TRD A/T: PHP 681,000

Often pitted against fellow hatchback Hyundai Eon, the Wigo remains the lowest-priced Toyota model, with all four variants at less than PHP 700,000. It’s also one of the cheapest cars in the Philippines despite the TRAIN law.

Also Read: Toyota Car Insurance Cost in the Philippines

Toyota Wigo Key Specs

  • Body type: Hatchback
  • Seating capacity: Five
  • Transmission type: Automatic and manual
  • Engine: 3-cylinder in-line, 12-valve DOHC with VVT-I 998 (1.0L) cc
  • Performance: 66hp and 89Nm
  • Fuel type: Gasoline
  • Fuel economy: 25.19 km/L

6. Suzuki Celerio

Cheapest Cars - Suzuki Celerio

Suzuki Celerio Prices:

  • GL 1.0 MT: PHP 558,000
  • GL 1.0 CVT: PHP 598,000

The Celerio is one of the most fuel-efficient cars in the Philippines, running at an average of 29.14 km per liter consumed. Suzuki’s subcompact model is also the first of its kind to offer a Continuously Variable Transmission (CVT).

Suzuki Celerio Key Specs

  • Body type: Hatchback
  • Seating capacity: Five
  • Transmission type: Manual or CVT
  • Engine: DOHC 12-valve, 3-cylinder, 998 (1.0L) cc
  • Performance: 67hp at 6,000rpm and 90Nm at 3,500rpm
  • Fuel type: Gasoline
  • Fuel economy: 29.14 km/L

7. JAC S1

Cheapest Cars - JAC S1

Price: PHP 585,000

The S1—from the Chinese automaker JAC Motors—is dubbed the world’s smallest crossover. It offers the best of both worlds for SUV and hatchback fans at an affordable price.

JAC S1 Key Specs

  • Body type: Compact crossover SUV
  • Seating capacity: Five
  • Transmission type: 5-speed manual
  • Engine: 1.3L 1332 cc VVT
  • Performance: 99hp at 6,000rpm and 126Nm at 4,000rpm
  • Fuel type: Gasoline
  • Fuel economy: 8-12 km/L

8. Suzuki APV

Cheapest Cars - Suzuki APV

Suzuki APV Prices:

  • GA 1.6 MT: PHP 588,000
  • Utility Van 1.6 M/T: PHP 660,000

Another Suzuki model on this list of cheapest cars in the Philippines, the eight-seater APV (all-purpose family van) is a great family vehicle.

Suzuki APV Key Specs

  • Body type: Compact multi-purpose vehicle
  • Seating capacity: Eight
  • Transmission type: 5-speed manual
  • Engine: SOHC 16-valve, 4-cylinder 1,590 (1.6L) cc
  • Performance: 91hp at 5,750rpm and 127Nm at 4,500rpm
  • Fuel type: Gasoline
  • Fuel economy: 11.24 km/L

9. Mitsubishi Mirage

Cheapest Cars - Mitsubishi Mirage

Mitsubishi Mirage Prices (As of September 1, 2018):

  • GLX 1.2 MT: PHP 630,000
  • G4 GLX 1.2 MT: PHP 666,000
  • GLX 1.2 CVT: PHP 688,000

Designed for city driving, the Mirage provides value for money with its spacious cabin, attractive exterior, numerous safety features, and high-tech features such as GPS navigation and keyless operation system.

Mitsubishi Mirage Key Specs

  • Body type: Hatchback
  • Seating capacity: Five
  • Transmission type: Five-speed manual / CVT
  • Engine: 1.2L in-line 3-cylinder DOHC MIVEC (3A92)
  • Performance: 78hp at 6,000rpm and 100Nm at 4,000rpm
  • Fuel type: Gasoline
  • Fuel economy: 10.6 km/L

10. Kia Picanto

Cheapest Cars - Kia Picanto

Kia Picanto Prices:

  • 1.0 SL MT: PHP 635,000
  • 1.2 SL AT: PHP 696,000

In the Department of Energy’s Fuel Economy Run, the Kia Picanto posted the highest rating of 29.23 km/L, making the Korean car model the most fuel-efficient car in the Philippines. Coupled with a price tag of under PHP 700,000, the Picanto makes a suitable choice for budget-conscious car buyers.

Kia Picanto Key Specs

  • Body type: Hatchback
  • Seating capacity: Five
  • Transmission type: Manual / Automatic
  • Engine: In-line 4 1,248cc 1.2L
  • Performance: 84hp at 6,400rpm and 121Nm at 4,000rpm
  • Fuel type: Gasoline
  • Fuel economy: 29.23 km/L

11. Suzuki Dzire

Cheapest Cars - Suzuki Dzire

Suzuki Dzire Prices:

  • GL 1.2 MT: PHP 638,000
  • GL + 1.2 Auto Gear Shift: PHP 698,000

Suzuki’s latest entry-level sedan, launched in June 2018, has the GL 1.2 MT variant as the cheapest sedan in the Philippines. The other Dzire variant is equipped with an Auto Gear Shift (AGS), a new type of transmission that provides the fuel efficiency of a manual and the convenience of an automatic.

Suzuki Dzire Key Specs

  • Body type: Sedan
  • Seating capacity: Five
  • Transmission type: Five-speed manual / Five-speed AGS
  • Engine: K12M four-cylinder, 16-valve 1,197 cc
  • Performance: 82hp at 6,000rpm and 13Nm at 4,200rpm
  • Fuel type: Gasoline
  • Fuel economy: 28.4 km/L

12. Honda Brio

Cheapest Cars - Honda Brio

Honda Brio Prices:

  • 1.3 S MT: PHP 642,000
  • 1.3 S AT: PHP 681,000

The Brio, Honda’s smallest and cheapest car model, is made for city driving with a sporty styling and a powerful engine.

Honda Brio Key Specs

  • Body type: Hatchback
  • Seating capacity: Five
  • Transmission type: 5-speed manual / 5-speed automatic
  • Engine: SOHC i-VTEC 16-valve 4-cylinder 1,339 cc
  • Performance: 100hp at 6,000rpm and 13Nm at 4,800rpm
  • Fuel type: Gasoline
  • Fuel economy: 12.99 km/L

13. Nissan Almera 1.2 Base MT

Cheapest Cars - Nissan Almera

Price: PHP 657,000

The Almera 1.2 Base MT variant is Nissan’s cheapest car and the only model that costs less than PHP 700,000.

Nissan Almera Key Specs

  • Body type: Sedan
  • Seating capacity: Five
  • Transmission type: 5-speed manual
  • Engine: In-line 3-cylinder DOHC, 12-valve, 1,198 (1.2L) cc
  • Performance: 79hp and 106Nm
  • Fuel type: Gasoline
  • Fuel economy: 21.26 km/L

14. Toyota Vios

Cheapest Cars - Toyota Vios

Toyota Vios Prices (As of September 1, 2018):

  • 1.3 Base M/T: PHP 659,000
  • 1.3J M/T: PHP 685,000

The Vios is Toyota’s second best-selling model, next to the Fortuner. The sedan’s popularity stems from its affordable price. Two of its variants—the 1.3 base MT and 1.3J MT—cost less than PHP 700,000.

Toyota Vios Key Specs

  • Body type: Sedan
  • Seating capacity: Five
  • Transmission type: 5-speed manual
  • Engine: Dual VVT-i, 4-cylinder in-line DOHC 16-valve, 1,329 (1.3L) cc
  • Performance: 98hp at 6,000rpm and 123Nm at 4,400rpm
  • Fuel type: Gasoline

15. Honda Brio Amaze 1.3 E MT

Cheapest Cars - Honda Brio Amaze

Price: PHP 661,000

Not to be confused with the Honda Brio, the Brio Amaze is a sedan, while the Brio is a hatchback. The 1.3 E MT is the only Brio Amaze variant priced below PHP 700,000.

Honda Brio Amaze 1.3 E MT Key Specs

  • Body type: Sedan
  • Seating capacity: Five
  • Transmission type: 5-speed manual
  • Engine: SOHC i-VTEC 16-valve, 4-cylinder, 1,339 (1.3L) cc
  • Performance: 100hp at 6,000rpm and 13Nm at 4,800rpm
  • Fuel type: Gasoline
  • Fuel economy: 20.37 km/L (city) / 33.88 km/L (highway)

16. JAC J4 1.5 VVT MT

Cheapest Cars - JAC J4

Price: PHP 670,000

The J4 is JAC Motor’s entry-level subcompact sedan. It screams luxury all over with its European styling, yet it comes at a price lower than PHP 700,000.

JAC J4 1.5 VVT MT Key Specs

  • Body type: Sedan
  • Seating capacity: Five
  • Transmission type: 5-speed manual
  • Engine: VVT 1,499 cc
  • Performance: 111hp at 6,000rpm and 146 Nm at 4,000rpm
  • Fuel type: Gasoline
  • Fuel economy: 16.95 km/L

17. Volkswagen Santana 1.4 MPI MT Trendline

Cheapest Cars - Volkswagen Santana

Price: PHP 686,000

Surprised that a Volkswagen made it to the list of cheapest cars? While the German car brand is better known for luxury, safety, and expensive car prices, it has recently entered the mass vehicle market with the Santana. The only Santana variant under PHP 700,000 is the 1.4 MPI MT Trendline, making it the cheapest Volkswagen car model in the Philippines.

Volkswagen Santana 1.4 MPI MT Trendline Key Specs

  • Body type: Sedan
  • Seating capacity: Five
  • Transmission type: 5-speed manual
  • Engine: 4-cylinder, in-line 1,395 cc (1.4L)
  • Performance: 90hp at 5,500rpm and 132Nm at 3,800rpm
  • Fuel type: Gasoline
  • Fuel economy: 8.72 km/L

18. Chevrolet Spark 1.4L LT MT

Cheapest Cars - Chevrolet Spark

Price: PHP 694,888

The Spark 1.4L LT MT is the cheapest Chevy model at less than PHP 700,000. It’s a simple hatchback that’s good enough for everyday driving around the city.

Chevrolet Spark 1.4L LT MT Key Specs

  • Body type: Hatchback
  • Seating capacity: Five
  • Transmission type: 5-speed manual
  • Engine: 1.4L DOHC L4 DVVT Ecotec, 1,399 cc
  • Performance: 73/99hp at 6200 rpm and 94/128Nm at 4400rpm
  • Fuel type: Gasoline
  • Fuel economy: 23.81 km/L

19. Hyundai Accent 1.4 GL 6MT

Cheapest Cars - Hyundai Accent

Price: PHP 695,000

The Accent sedan is a practical, value-for-money choice, having a stylish design and advanced technology for convenience and safety.

Hyundai Accent 1.4 GL 6MT Key Specs

  • Body type: Sedan
  • Seating capacity: Five
  • Transmission type: 6-speed manual
  • Engine: Kappa MPI Dual CVVT, 4-cylinder, 16-valve, 1,368 (1.4L) cc
  • Performance: 100hp at 6,000rpm and 133Nm at 3,500rpm
  • Fuel type: Gasoline

20. Suzuki Ertiga GA 1.4L MT

Cheapest Cars - Suzuki Ertiga

Price: PHP 699,000

The Ertiga is just a thousand bucks shy of hitting the PHP 700,000 mark. Still a bang-for-the-buck option, as this multi-purpose vehicle can seat seven people.

Suzuki Ertiga GA 1.4L MT Key Specs

  • Body type: Compact MPV
  • Seating capacity: Seven
  • Transmission type: 5-speed manual
  • Engine: DOHC 16-valve, 4-cylinder with VVT, 1,373 (1.4L) cc
  • Performance: 95hp at 6,000rpm and 130Nm at 4,000rpm
  • Fuel type: Gasoline

Final Thoughts

May this list of the cheapest cars in the Philippines help you decide which vehicle to purchase. Remember that a car’s selling price vs. your budget is just one of the many considerations. Consider also the other costs of owning a car.

While you’re at it, check out these Moneymax articles if you’ll finance your new car through a car loan:

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