Check out our auto loan calculator and take your first step in owning a car

These days, more and more Filipinos see owning a car as a necessity, rather than a luxury.

After all, having your own ride can save you from the inconvenience of going through public transport, and can even double as an additional mode of income via Uber or GrabCar.

It's only a matter of setting the right financial goals and gauging if you're ready and able to afford your own car at the right time.

See the bigger picture then decide if you're ready to take the first step in owning your own car, may it be brand new or pre-owned. Try out this loan calculator to help you determine the loan package that suits your budget.

Are you buying new or pre-owned?

How much is your preferred car?


Are you willing to pay one month advance?

What percentage of the car's total cost can you place as downpayment?


Downpayment should be between 20% and 99%

How much time do you need to pay for a loan?

Downpayment should be between 20% and 99%


As a first-time car owner, you’re among the 76% of Filipinos who intend to purchase a brand new or pre-owned car in the coming years.

Right now, only 47% percent of Filipino households have a car. 96% are planning to upgrade their current vehicle.

A [Brand new] car will cost you a loan with a total of P [P 500,000]. Your required monthly income is P [PHP 50,000] and if you want to finish paying for your car within 36 months, you’ll need to set aside P [MONTHLY AMORTIZATION] every month. Your calculated downpayment is P [20%].


  • If you’re purchasing a pre-owned vehicle, make sure the car is in good condition to avoid additional expenses on repairs.
  • On top of your loan, consider if your monthly budget can also accommodate daily expenses for food, gas, rent, and car maintenance to make sure you’re fully capable of taking on this responsibility.
  • Research on which car you will purchase to know more about its safety features, as well as how easy it will be to maintain.
  • It would be best if you can test drive before purchasing a car so that you know which car fits you best.
  • To keep it in good shape, make sure to check your car’s oil every 5000km.

There are many things to consider when you take on the responsibility of being a car owner: daily expense such as food or rent, as well additional expenses you’ll have to spend for car maintenance and upkeep.

If your car runs on a diesel engine, you would spend *P24.50 to P28.57 per liter.

If your car runs on gasoline, that’s *P34.20 to P43.05 per liter.

It would be best if you research on how many kilometers per liter your car uses for the best estimate on fuel efficiency.

Fuel efficiency would also depend on the size and transmission of your car, if it is automatic or manual.

On average, car insurance will cost about P20,000.00 to P30,000.00 annually. Choose the plan that suits your preference and needs.

Consult with your dealer or a third-party advisor for the type of insurance that's best for you. Note that insurance premiums change as your car's value depreciates.

LTO registration will cost around P2,500.00 to P3,000.00 annually, depending on the evaluator and vehicle type. You'll also need to shoulder the emission testing fee (P410) and Compulsory Third Party Liability (CPTL) coverage (P950).

Other fees may include:

P200 / week for late registration

50% of user fee if it late for over a month

P100 for Change of Venue (location where you register)

Parking prices depend on location, day, and length of stay. 8 hours may set you back P150.**

Some establishments may offer flat rates or even free parking.

**P50 for the first three hours and P20 for every succeeding hour.

Your car's upkeep will also depend on what type of car you own. Set aside about P10,000.00* for maintenance (i.e. change oil and tune up) and repairs.

*Prices subject to change.