As of the moment, the prices of cars are over-the-roof. Adding the fact that new tax laws (TRAIN) and other commodities had their prices spike, cars are pretty much the same thing. Can you really purchase a car under a million pesos in today’s time? We’ve gathered some of the more inexpensive and cheaper cars in the market; we’re talking about brand new cars not preloved or second-hand cars. In this article, we will be listing the cheapest cars you can buy for the price of P700, 000.00 and below.

Read: A Guide to Your First Car Loan

In previous articles, we’ve discussed how you can get a car loan approved.  Although purchasing a car outright is the cheapest way on how you can acquire one, would you be willing to shell out everything you have in replacement of a whip? Nevertheless, these cars are so cheap that you won’t be second-guessing whether you’d have to buy it or not.

If you’re thinking that all cars in this list are Asian manufacturers, think again. Read on to see the cheapest cars you can buy for less than Php700K here in the Philippines.

Here are the cheapest cars you can buy here in the Philippines that won’t put a hole in your pocket.

Hyundai Eon

Hyundai Eon, one of the Cheapest Cars you can Buy in less than Php700K
Image: Auto.Ndtv.com

This car is the cute car you usually see being driven by young women drivers. Although some men like it due to its versatility and small body, this is a woman’s favorite. This is also one of the reasons why this ride is one of the cheapest cars you can buy here in our country.

Hyundai Eon prices:

  • 0.8 GLX 5MT: Php508K | Php526K (comes with an Android AVN Unit)
  • 0.8 GLX 5MT – CBU: Php558K | Php 576K(with Android AVN Unit)

Hyundai Eon Specifications:

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

Suzuki APV

Suzuki APV
Image: Carmudi.com.ph

Suzuki APV prices:

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

The Suzuki APV is probably part of the more underrated cars. Although it’s shape is peculiar, it’s seating capacity and space inside is comfortable. With a seating capacity of eight (8) people, you and your family will surely enjoy taking a ride with this car. Basing it on its specifications, the Suzuki APV is one of the most efficient and useful cars; it’s also one of the cheapest cars you can purchase for under Php700k.

Read: Tips for Car Loan Approval and in Managing your Car Loan

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

Kia Picanto

Kia Picanto
Image: Kia.com

Kia Picanto Prices:

  • 1.2 SL AT: PHP 696K
  • 1.0 SL MT: PHP 635K

Another small car in this list would be this hatchback from Kia. The Kia Picanto is known to be an economical car because of its small engine (smaller gas burning/consumption), and its versatility. Its size is known to be fit even in the narrowest streets here in the Philippines.

In addition to that, this car, according to the Department of Energy’s Fuel Economy Run, had the highest rating of 29.23 km/L. This means that this is the most fuel-efficient car here in the Philippines.

Toyota Wigo

Toyota Wigo
Image: Toyota.com.ph

Toyota Wigo prices:

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

Toyota’s current cheapest car with all of its four (4) variants standing at less than Php700K (even after the TRAIN Law). The Toyota Wigo, as well as its Hyundai counterpart, the Hyundai Eon, is Toyota’s pride in versatility, fuel-efficiency, and even sometimes speed.

Toyota Wigo specs:

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

Mitsubishi Mirage

Mirage
Image: Mitsubishicars.com

Mitsubishi Mirage prices:

  • GLX 1.2 MT: PHP 630K
  • G4 GLX 1.2 MT: PHP 666K
  • GLX 1.2 CVT: PHP 688K

The brand Mitsubishi is known for its aura of being spontaneous and sophisticated. Even though that’s the case, their hatchback Mitsubishi Mirage is currently part of the cheapest cars you can buy here in the Philippines for less than a million.

Read: OFW Auto Loan For Saudi Arabia And Hong Kong Workers

The Mitsubishi Mirage is designed for city driving. Its spacious interior and high-technology safety features will actually magnetize you to it.

Mitsubishi Mirage specs:

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

Suzuki Alto 800

Suzuki Alto
Image: Carwale.com

Suzuki Alto 800 price: 445K

The price of the Suzuki Alto 800 might shock you as it’s total price is less than half a million. It’s so small that it can fit in the narrowest streets, eskinitas, and even unknown places you know. Other than the fact that it’s small and that it costs less than half a million, it will impress you with its ability to save on gas.

If you’re looking to start to have your own new car, starting with the Suzuki Alto 800 could be a good move. You can save money, it’s not that expensive, and you will REALLY learn how to drive.

Suzuki Alto 800 specs:

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

Suzuki Dzire

Suzuki Desire
Image: Auto.Ndtv.com

Suzuki Dzire prices:

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

Another Suzuki model in this list would be the Dzire. The Dzire is Suzuki’s entry-level car in the sedan category and it has a unique and beautiful exterior. It’s also equipped with the Auto Gear Shift (AGS) which is a new type of transmission made to promote fuel-efficiency.

Read: Comparing Different Car Loans from Different Banks Through Loan Calculators

The Suzuki Dzire was just recently launched June of this year (2018) and has captivated a lot of sedan lovers with its unique style and inexpensive maintenance.

Suzuki Dzire specs:

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

Chevrolet Spark 1.4L LT MT

Chevrolet Spark
Image: Chevrolet.com.ph

Chevrolet Spark 1.4L LT MT price: 694, 888.00

This Chevrolet model is the cheapest model that Chevrolet offers. The vehicle, if seen outside, is just plain and simple. Once you go inside, you will be amazed and positively excited because of its spacious nature which is good for a family of five.

Even if the brand is a brand known worldwide, they still have something that is less than 700K. Not bad, right?

Chevrolet Spark 1.4L LT MT specs:

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

Volkswagen Santana 1.4 MPI MT Trendline

Volkswagen Santana 1.4 MPI MT Trendline
Image: MoneyMax.ph

Volkswagen Santana 1.4 MPI MT Trendline price: 686K

Were you surprised that a German car ended up becoming a part of this list? Since Volkswagen is a German car, we all know that it’s a meticulously arranged car that promotes security, sophistication, and style on the road.

Read: Car Loan Requirements You Should Prepare Before the Application

However, the German brand thought that they wanted to become part of the mass vehicle market like other Asian brands so they made a sedan that costs less than Php700K.

Volkswagen Santana 1.4 MPI MT Trendline specs:

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

Honda Brio

Honda Brio
Image: Auto.NdTv.com

Honda Brio prices:

  • 1.3 S MT: PHP 642K
  • 1.3 S AT: PHP 681K

One of Honda’s hatchbacks, the Honda Brio is Honda’s smallest and cheapest car; priced under a million Php. Carrying Honda’s style and city-driving feature, the Honda Brio is perfect for a small family who lives in the city.

Honda Brio specs:

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

As you may have noticed, most of the cars here are hatchbacks. This is because manufacturers have less cost in making hatchbacks because of their small figures. However, there are also some here you didn’t expect. Nevertheless, we hope you learned a thing or two about which cars are the cheapest in today’s market.

Read: Applying For A BPI Auto Loan? Here’s How

Do you now know what car to buy? Do you think we were able to give you the cheapest cars you can buy in the Philippines for under Php700K? We do hope we’ve given as much information you needed in order for you to have a decision on what or which car to buy. With all of these cars in this list, you can narrow your options down and minimize the options that you have so you won’t have a hard time choosing what you want.

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