Cheapest cars under P700,000 in the Philippines

Updated: September 2, 2024

*These are the vehicle prices as of writing. All prices are subject to change without prior notice.

In a country where traffic can be as notorious as its scorching summer heat, having a reliable and budget-friendly car is a blessing. The Philippine automotive market understands the need for affordable transportation options, and thus, a range of budget cars has emerged. For those seeking to own their first car or upgrade to a more efficient model without breaking the bank, here are the top five cheapest cars under P700,000 that the Philippines has to offer.

Meet the Suzuki S-Presso, a car that effortlessly blends style with practicality. Its bold design, resembling a mini SUV, sets it apart from its peers. Priced below P700,000, the S-Presso offers impressive fuel efficiency, making it an ideal choice for city dwellers and frequent commuters. Despite its compact size, the cabin offers ample space for passengers and cargo. With advanced safety features and modern technology incorporated, the S-Presso proves that budget-friendly doesn't mean compromising on quality.

Hailing from the Chinese brand MG, the MG 3 hatchback is a new addition to the brand’s lineup, as well as the most affordable MG car yet. The MG 3 boasts a stylish and sporty exterior coupled with a competent powertrain. Specifically, the MG 3 is powered by a 1.5-liter gasoline engine paired with a five-speed manual or a CVT. 

In terms of price, the MG 3 lineup starts with the MT STD variant, which is priced at P678,000. While the top-of-the-line hybrid model exceeds the P1 million mark, buyers seeking an affordable, small, manual transmission hatchback will be pleased to know that the MG 3 is available as an option.

Suzuki strikes again with the Dzire, a subcompact sedan that delivers elegance and efficiency at an affordable price point. With its sleek design and spacious interior, the Dzire brings a touch of sophistication to the budget car segment. Its frugal fuel consumption and user-friendly features make it a popular choice among budget-conscious consumers looking for both style and substance.

Toyota has long been synonymous with reliability, and the New Toyota Wigo is no exception. As a successor to the popular Wigo model, the new model brings updated styling and improved features. With a compact size that makes navigating tight city streets a breeze, the Wigo is a practical choice for urban drivers. Toyota's reputation for durability adds to its appeal, making it a wise investment for those seeking longevity in their budget car.

If you're in the market for a simple, economical, and straightforward sedan that’s still well-equipped, Changan offers the Alsvin sedan. It comes standard with a seven-inch infotainment system, alloy wheels, power door locks, and electrically adjustable side mirrors. The base 1.4-liter variant is priced at P694,000, while the DCT Platinum model is available for P743,000.

The Alsvin isn’t designed to reinvent the four-door sedan formula but rather to provide an option for buyers who prefer straightforward vehicles. For those who value practicality, simplicity, and reliability, the Alsvin is a great choice to consider.

Owning a car on a budget doesn't mean compromising on quality, safety, or style. The Philippine market offers a range of options that cater to different preferences and needs, ensuring that even those with tight budgets can enjoy the convenience and freedom of owning their vehicle. As these manufacturers continue to innovate and improve, it's clear that the era of affordable yet impressive cars is here to stay. So, whether you're a first-time car owner or someone looking to upgrade, there's a budget-friendly option waiting for you in the local showrooms. 

If you’re in the market for simple and affordable vehicles, search efficiently with the AutoDeal Car Guide. Browse through multiple brands across different segments and price ranges with a simple click of a button. Try it out on desktop using the AutoDeal site or on your smartphone with the official AutoDeal app.