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2017: Cheapest Cars in the Philippines Under P500,000

Naturally, we all want to be in that position where we can afford the car we want. Unfortunately for most Filipinos, the ideal car costs way above budget. That’s why price has always been a major determining factor for most of us when choosing a vehicle to buy.

The good news is that today more than ever, owning your first car doesn’t have to be synonymous with breaking the bank, thanks to the availability of a lot of cheap vehicles in the market. If you can find a way to scrounge up P500,000, then you may just find yourself the owner of one of the worthy modes of transportation listed below.

Cheapest Hatchbacks

1. Chery QQ3 (starts from P449,000)

Silver Cherry Q3 sideview

The Chery QQ3 hatchback actually had the privilege of being called the cheapest car in the Philippines for a brief period. However, it has been easily dethroned by the influx of fellow Chinese-made cars in the market that are considerably cheaper. Its Euro III compliant, 0.8 liter DOHC 16 valve gasoline engine provides a decent 51 horsepower and 70 Nm of torque, allowing it to reach a top speed of 130 kph. Standard equipment for the vehicle includes fog lamps, keyless entry, a security alarm, front SRS airbags, power features, 13-inch alloy wheels, ABS, EBD and fabric covered seats.

2. Haima 1 (starts from P499,000)

Orange Haima 1 sideview

First released in the country in 2014, the Haima is a little smaller than the Mitsubishi Mirage and a bit bigger than the Toyota Wigo. And though it doesn’t have a long wheelbase, legroom at the front and backseat is surprisingly more than enough. That said, the Haima 1 is one of the best-priced cars on this list, as it comes packed with features that you’ll only often find in cars way above its range such as ABS with EBD, all-power amenities, and a powerful 1.2-liter 16-valve DOHC engine.

3. Geely LC (starts from P449,000)

Silver Geely LC sideview

If you are looking for the doppelgänger of the Volkswagen Beetle, this car is a good candidate. The LC (or Panda as it is known in China) is a hatchback subcompact. Notably, this is the first car from China that was awarded a 5-star rating by the C-NCAP crash test. This car uses a 1.3 liter DOHC, 16 valve gasoline engine which spurts 62 horsepower and 110 Nm of torque.

4. Lifan 320 (starts from P498,000)

Blue Lifan 320

Let’s just say that the Lifan 320 is a ‘faithful rendition’ of the Mini. It comes with a 1.3-liter gasoline engine that produces 86 hp and 110 Nm of torque. Paired with a 5-speed manual gearbox, the 320 is able to produce a decent top speed of 155 km/h, which is more than enough for city driving.

5. Suzuki Alto 0.8 Standard (P398,000)

Blue Suzuki Alto
Suzuki Alto

As the cheapest hatchback on this list, it can be easy to snub the Suzuki Alto and dismiss it as a low quality car—and you’d be wrong. Suzuki has actually been at the forefront of small car technology for many years, confidently sharing much of its innovations with other carmakers. Suzuki’s vehicles have gained a lot of loyal followers, and the Alto is no exception. A 0.8-liter SOHC 3-cylinder 12-valve gasoline engine lets you enjoy 34 km/l average mileage, which is one of the most efficient in the industry.

6. Toyota Wigo (starts from P473,000)

Silver Toyota Wigo

The Wigo is Toyota’s newest addition to its already packed vehicle lineup. The Japanese car company has also placed its hopes on this mini hatchback to sneak into the small car category. Under the hood, the Wigo is powered by a 1.0 liter DOHC 12-valve gasoline engine with an above par 64 horsepower and 85 Nm output.

Cheapest Minivans

1. BAIC MZ40 (starts from P468,000)

Silver Baic MZ40

The BAIC MZ40 is more of an acquired taste, as many of those who view the car for the first time are quick to note that the design looks a bit too plain, even by minivan standards. Then again, though it may fall short on appearance, it more than makes up for it in performance. Each of the MZ40’s three variants is equipped with a potent 1.2-liter 4-cylinder gas engine that’s mated to a 5-speed manual transmission.

2. Foton Gratour (starts from P490,000)

Brown Foton Gratour

The Gratour is Foton’s most cost-effective offering to date. Able to fit 7 to 8 adults, with dual sliding doors, a multitude of storage spaces, and a best-in-class passenger space, this Foton minivan is easily one of the better options for the Filipino family man on a shoestring budget. The Euro 4 compliant 1.2-liter G03 gasoline engine is designed for low emissions and high fuel economy.

3. Suzuki APV (starts from P465,000)

White Suzuki APV

As one of the more popular and better looking options in its segment, the Suzuki APV advantage is immediately apparent as you step into its cabin, as its shoebox design affords the comfort and spaciousness. The 1.6-liter gas engine is a bit sluggish however, and at 95 hp is clearly limited to city driving purposes. As long as you keep long trips to a minimum, the APV can be a fine car for your family.

4. Haima F Star PC (P499,000)

White Haima F Star PC

Who said you can’t get a workhorse minivan for under half a million? The Haima F Star People Carrier runs with a Euro– compliant 1.2-liter Inline 4 DOHC gasoline engine which provides a decent 91 horsepower and 122 Nm of torque. It features an FB-chassis body with a spray-on bedliner flooring and an updated cluster gauge and radio.

Cheapest Pickup

1. Chery Q22B (starts from P470,000)

Silver Cherry Q22B

Chinese carmaker Chery actually has two vehicle models that fall under P500,000. You’ve already met the QQ3, now get ready to know its more commercially-inclined cousin the Q22B, which is also the cheaper of the two. The least expensive vehicle in Chery’s current lineup is powered by a 1.0-liter gasoline engine mated to a 5-speed manual transmission.

Cheapest Sedan

1. Lifan 520 (P498,000)

Lifan 520 sedan

A sedan for less than P500,000? The Lifan LF520 is the cheapest subcompact 4-door sedan on the local market in recent times. Using a 1.3-liter 16-valve Inline 4 gasoline engine, it runs at an output of 87 horsepower and 115 Nm of torque. Its top speed is 155 kilometers per hour and fuel economy is 5.8 km/l in combined driving.

It is important to note that these cars, despite their size, can still seat up to five people with the driver included. Hatchbacks, subcompacts and minis are popular among college students and young professionals. See our Best Cars Under 1 Million Pesos list.

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  1. johan
    April 5, 2015 at 2:27 pm — Reply

    hi adrian!
    good day!
    I’m interested in buying a budget car. it will be my first car. I’m not so much a fan of “extras” such as touch screen monitors. as long as the car can get me from point A to point B without so much a hassle, it can be a choice. my concerns are more the following:
    1. durability/ reliability: can it last at least eight years? of course, at some point, I will have to resell/give it away. maybe after five years of use. within the first 5 years of use, will it give me less or no headaches at all (think of car repairs)
    2. safety: how did the car do in a crash test? in case of an accident, is the car built to save the driver or both car and driver gets sacrificed in the company’s effort to sell cheap cars? does it have ABS? airbags, maybe?
    3. fuel efficiency: it does not have to be the most efficient. just enough to justify my choice of buying a budget car. I don’t want to regret buying a cheap car and end up spending much on gas… which brings me to the next related item…
    4. cost to own: is the car worth keeping in its first 5 years or am I expected to shell out more money after the three-year warranty is over? are spare parts (if it ever comes to that) affordable and available in the country? will my 5-year expenses and capital outlay be lower than that of buying and owning a more expensive (meaning costing more than P550k-P650K) car?
    5. ground clearance: I want a car that has at least 6 inches of ground clearance and that is when two people are already on board. this is really important for me.
    6. comfort: how well does it do on bumps and potholes? this of course is related to ground clearance and wheelbase. it doesn’t have to be the most comfortable. just enough that I would be happy with the purchase and not think back of commuting when it turns out jeepneys are more comfortable. i also want one that has a cupholder for the driver (although i could sacrifice this feature). i also hate cars that are noisy even for those inside it. (i can tolerate some noise but there is limit to my tolerance)
    7. ease of use: power steering; below average turning radius (although i could sacrifice this); well-arranged and easy to read meters (speedo-; odo, etc); adjustable seat (i could sacrifice this too if it’s too much to ask)
    8. masculine enough look: i am a guy. please do not suggest a car suited for ladies. hehe.
    Based on the above criteria, are there any you can suggest? maybe three to five cars? you need not give them in a particular order.
    thank you in advance and more power.
    – johan

    • mark
      February 15, 2016 at 12:04 pm — Reply

      very well said..

      • Ed Patricio
        September 8, 2016 at 2:15 am — Reply

        Bro you may try the Suzuki Celerio. The CVT variant has an SRP of Php 549,000.00. Here are the facts that you are looking for:

        1. I am an owner of Suzuki Celerio since 2009 and it is still working fine until now. My kilometer reading is more than 110tkms. The parts I replaced are:
        a. Battery – every 2 to 3 years
        b. Tires – once (try Goodyear Duraplus, it will last at least 80tkms)
        c. Timing Belt
        d. Rear Shock Absorber
        e. Fan Motor
        No major engine parts replace. Of course I duly do the PMS every 5tkms.
        2. There is no crash test available but I believe it is the only model in its class with two (2) air bags (driver and passenger).
        3. Sorry to say but it is the most fuel efficient car since 2009 up to this year, 2016. See below reference:
        4. TCO: No major engine parts replaced. Most fuel efficient. Low cost of PMS (usually under Php 5,000.00).
        5. Ground Clearance: The new celerio has 5.7in ground clearance. But what is 0.3in difference. It is immaterial. If you need a car that can pass thru floods, mud, rough road, even off road, try Suzuki Jimny 4×4 at less than 900k. Add a snorkel at 8k only and you can pass a flood even up to its hood.
        6. Comfort: My celerio drives like a regular car. I’ve have driven it as fast as 140kph and it is still stable. I think it is because of its lower coefficient of drag design. It is comfortable for 4 pax but a little bit tight for 5. But the new celerio is better as it has longer wheel base. It has a great maneuverability because it is small. I am a coffee lover and it is great that my celerio has 2 cup holders in front. I do not know the new celerio. Inside noise is just normal.
        7. Ease of Use: It uses an electric power steering. It means that even if your are not revving up, the power steering is still working great. It also helps in fuel economy and no maintenance at all. The best part is it has less a turning radius of less than 5 meters. Easy to park even in tight spaces.
        8. Looks: Mine looks like a more of a chic. But the new celerio is more musculine. See if yourself to judge the new look.

        I hope I can provide you my 2 cents worth!

  2. MariusDejess
    May 10, 2015 at 8:15 pm — Reply

    That is a terrific service to would-be buyers; perhaps in a part 2, the author can also just give his most honest opinion on the economy and safety and durability of each model he describes.

    • April 23, 2016 at 8:17 am — Reply

      can i enquire susuki SX4 used car…yong cute n car

      • Ed Patricio
        September 8, 2016 at 1:39 am — Reply

        yung crossover yun na made in japan. wala na yata yun. around 900k dati yun. 1.6 liter ang engine. mataas ang ground clearance parang SUV. if i am not mistaken parang 190mm.

  3. Anonymous
    September 26, 2016 at 5:48 pm — Reply

    Well thinking about the car i bought 5 years ago , no problems at all untill now , of course An European car with all tests in security passed , and almost none consumption of diesel: In this case i had all the
    technical information available by the car maker company . I suppose the same may happen at the Philippines, but i have my dudes about the countries system of car and road security . So they may sale you a cat for a rabbit .

  4. Jan
    June 3, 2017 at 2:27 pm — Reply

    hi there can you email me with a quotation of cars a bugdet car that could be for grab or uber business

  5. Joven
    November 5, 2017 at 11:49 pm — Reply

    I’m planning to buy a new car next year (1st timer) and I’m on a tight budget. I ok with the price of Suzuki Alto. Can anyone give me the pros and cons of Alto? Thanks in advance

  6. Marie
    November 30, 2017 at 5:52 pm — Reply

    Do any of the cars come with Air Con?

  7. Roy
    January 5, 2018 at 9:05 pm — Reply

    i own a foton gratour minivan, 10k monthly it gets the job well done for me. its not that fancy but it literaly can do everything for me, im from laguna, and nkarating nko ng baguio through kennon road, no problem so far, and npakatipid sa gas and malakas ang aircon, its only 7 seater but it can fit 10 people, 10 kme nung umakyat ng baguio and kayang kaya

  8. MusicLens
    June 2, 2018 at 10:20 am — Reply

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  10. June 20, 2018 at 3:23 pm — Reply

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  11. Mark
    July 10, 2018 at 3:58 am — Reply

    Hi. Any 10k below for the monthly for the car Ex. Vios, Altis for family only.

  12. barry
    September 12, 2018 at 12:57 pm — Reply

    Hi. I’m on a very tight budget 25Million pesos only. Can you recommend a car on that price only?

  13. edmark
    September 13, 2018 at 6:19 am — Reply

    Hi anong requerments para kumuha ng sasakyan first time ako work ko Seaman wala p ako bahay i stay sa parents ko. Salamat

  14. JMEJR
    June 26, 2019 at 12:14 am — Reply

    buy House & Lot with Garage first.

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