Honda Cars PH’s ‘Power Drive Deals’ extended until July

Honda Cars Philippines' Power Drive deals for July 2022

Honda Cars Philippines, Inc. (HCPI) announced that it is extending the “Power Drive Deals” promo for the whole month of July.

KEY TAKEAWAYS

  • Until when is the Honda Cars Philippines promo?

    The promotion has been extended until July 31.
  • What does the promo offer?

    The initiative provides cash discounts, flexible financing options, and other special offerings on select models.
  • The Japanese automaker’s local distributor said that the aforementioned program provides cash discounts, flexible financing options, and other special offerings on select models.

    Below are the following terms for models covered in the promotion:

    Promo Discounts 

    MODEL VARIANT

    Suggested Retail Price (SRP)

    Promo Discount

    2022 City 1.5 S CVT

    P938,000

    P35,000

    2022 BR-V 1.5 S CVT

    P1.058 million

    P60,000

    2022 Brio 1.2 V CVT

    P742,000

    P10,000

    2022 Civic S Turbo Honda Sensing

    P1.368 million

    P25,000

    2022 CR-V S Diesel 9AT Honda Sensing (seven-seater)

    P1.968 million

    P35,000

    2022 all-new City Hatchback 1.5 RS CVT

    P1.138 million

    P20,000

    2022 Accord 1.5 EL Turbo CVT Honda Sensing

    P2.35 million

    P60,000

    Low all-in down payment and low monthly amortization 

    MODEL VARIANT

    SRP

    *Special and **Regular Low All-in down payment as low as

    ***Low monthly amortization as low as

    2022 City 1.5 S CVT

    P938,000

    *P10,000

    P17,340

    2022 BR-V 1.5 S CVT

    P1.058 million

    *P10,000

    P19,558

    2022 Brio 1.2 V CVT

    P742,000

    *P18,000

    P13,717

    2022 all-new Civic S Turbo Honda Sensing

    P1.368 million

    **P71,000

    P25,289

    2022 CR-V S Diesel 9AT Honda Sensing

    P1.968 million

    **P97,000

    P36,380

    2022 all-new City Hatchback 1.5 RS CVT

    P1.138 million

    **P55,000

    P21,037

    2022 all-new HR-V V Turbo Honda Sensing

    P1.598 million

    **P105,000

    P29,541

    Honda Cars Bacoor

    Flexible financing options

    HCPI noted that special, all-in financing programs applicable for 10-percent down payment with 36-60 months terms are also offered to customers acquiring select models:

    BANK PARTNERS

    Special all-in program

    All-in package

    Down payment percentage

    Payment Term

    Bank of Philippine Islands (BPI)

    Special all-in down payment

    - Free chattel mortgage
    - Free vehicle registration

    10 percent

    36-60 months

    China Bank Savings

    Bank of Commerce

    Rizal Commercial Banking Corporation (RCBC)

    - Free chattel mortgage
    - Free vehicle registration
    - Free insurance

    Clients are also given various financing options like low cash-out, low monthly amortization, free one-month amortization at 15-percent, and 20 percent all-in down payment that are made available through the following bank partners:

    BANK PARTNERS

    All-in Program

    All-in Package

    Down payment percentage

    Payment term

    RCBC

    - Low cash-out
    - Low monthly amortization
    - Free one-month amortization

    - Free chattel mortgage
    - Free vehicle registration
    - Free insurance*

    15 and 20 percent

    36-60 months

     

    *For Maybank, Free insurance available at 60 months payment term only

    China Bank Savings

    Banco de Oro

    20 percent

    Maybank*

    Security Bank

    - Free chattel mortgage
    - Free vehicle registration

    BPI

    15 and 20 percent

    East West Bank

    Bank of Commerce

    Philippine National Bank

    Philippine Savings Bank

    Robinsons Bank

    The offers include three-year vehicle registration and chattel mortgage, as well a free one-year comprehensive insurance. Customers may submit their loan applications online via HCPI’s auto loan link page, subject to the preferred bank’s approval.

    Further, HCPI has again extended its promo for the BR-V, which gives free one-year preventive maintenance vouchers (given to those who have reserved a unit from July 1-31, 2022 and released until August 31, 2022) and discounts of up to 30 percent on select BR-V accessories.

    The prices of the discounted parts are as follows:

    No.

    Description

    Suggested retail price (SRP) without value added tax

    Discount

    Discounted SRP

    1

    Front lower garnish

    P16,528.02

    P4,958.41

    P 11,569.61

    2

    Rear lower garnish

    P15,939.41

    P4,781.82

    P11,157.59

    3

    Exhaust pipe finisher

    P982.14

    P294.64

    P687.5

    4

    16-inch Modulo alloy wheel

    P10,535.71

    P3,160.71

    P7,375.00

    5

    Side step garnish cover

    P3,214.29

    P964.29

    P2,250.00

    6

    Running board

    P19,553.57

    P5,866.07

    P13,687.50

    7

    Side under spoiler

    P14,196.43

    P4,258.93

    P9,937.50

    Moreover, HCPI reminded customers that the company has an existing partnership with AXA Philippines and BPI MS Insurance that offers preferential rates for comprehensive insurance to customers who will buy Honda Sensing-equipped models such as the all-new HR-V, all-new Civic, CR-V, Accord, and Civic Type R. 

    The insurance rates are as low as P2,119 per month. The year-long partnership is up to December 31, 2022.

    Relatedly, the company is inviting everyone to visit its four-day display at the Glorietta Palm Drive Activity Center from July 7-10, 2022.

    Photos from Honda Cars Philippines Inc.

    Also read:

    Honda Cars PH shares car care tips for rainy season

    Honda introduces next-gen Honda Sensing 360

    Here is how Honda Cars PH tackles road safety

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