With the advent of import car closure and consequently possible reduction in aftermarket part sales reduction. It may become important for you to consider a local vehicle for yourself/ business. (Thread)

Most choose imports because of the relative affordability:

•P22k for Honda Fit
•P35k RunX
•P30k Avensis...

However most times you end up spending unplanned for
• Radiators
• Front end suspension
• Gearbox repair

Which may leave you financially burdened.

But truth is, getting local vehicle vehicle financing isn’t all that difficult if you tick all the right boxes.

a) For Individuals:

For businesses:

A 2017 VW Polo will set you back P19,000 deposit with a P1,634 installment monthly excluding insurance.

I drove a 5 year polo for 5 years (10 years when I sold it). Never spend exhorbitantly on repairs or service.

Good vehicle.

Or a 2019 Polo Vivo for a P11,500 deposit with a monthly installment of P2,225 for 5 years.

Or a Toyota Yaris P28,000 deposit with a P2,407 installment excluding insurance.

My cousins still drives his 2005 Yaris today. Never complains about repairs. And it drives like a song.