Studies show that many new cars generally lose around 10 percent of their market value immediately in the first month of ownership. In just a year, 20 to 27 percent of the value would already have been lost even if they had been well maintained, and would decrease further rapidly year after year. This is a disadvantage to new car owners and purchasers, but it is great news for those looking to buy a used car.
If you need a set of wheels but cannot spare a million or even half a million pesos, which is the average price of most cars these days, a used car will secure you a big bang for your buck. We, at Priceprice.com, have gathered the latest data available and have listed 10 best-selling used cars in the Philippines, ranging from 2008 to 2014 models, and with an affordable price of below PHP 300,000.
Although there's no certainty if there will be a similar impact on the Philippine used cars market, a recent study by JPMorgan shows a tendency for the price of used cars to go even lower than the usual value as the COVID-19 situation pushes dealerships to offer special, discounted deals to encourage consumers to purchase and possibly make a much-needed churn in sales. According to the multinational investment banking company, second-hand car prices could take a nosedive of at least 15 percent or more as demand for vehicles also plummets.
If the local used cars market would likewise take the plunge in terms of pricing, then this is a good time to invest your money on a used car. Buying a new car would not be cost-effective, especially for those without money to burn, if the depreciation will be high and rapid.
Being able to pick out a good quality used car from an ocean of bad ones can be really tricky. The right balance between reliability and affordability is important. Safety features, low running costs, good fuel economy for the car's category, availability of parts and service outside of the dealership network and good user or driver feedback are other factors that need utmost consideration.
Taking all of this into consideration, here's our roster of 2020's best used cars so you can make a wise decision.
- Best Used Cars for Sale Below PHP 300k in the Philippines 2020
Best Used Cars for Sale Below PHP 300k in the Philippines 2020
1. Ford Fiesta (~2011)
Check used Ford Fiesta prices here.
- Sophisticated and sporty style
- Good electric power steering
- A choice between manual and automatic gearbox models
- The top-range model has lots of advanced, safety features
- Cargo and rear seat spaces are limited
- PowerShift automatic is underperforming
- Has a small cabin
The Ford Fiesta is one of the handsome-looking hatchbacks out on the Philippine streets. This five-door subcompact car is a perfect choice especially for first-time drivers or car owners as it boasts of an attractive but simple exterior, good performance, and has a load of tech and safety features. For a small car, the Ford Fiesta is definitely not bland. This is why even the oldest model of the Ford Fiesta, the 2011 make, is still among the used cars of choice, which can be purchased at an average price of below PHP300,000 depending on the variant.
In late 2010, the new 2011 Ford Fiesta arrived in the Philippine market with two engine variants, 1.4L and 1.6L, and two body formats, a four-door sedan type and a five-door hatchback type.
There were three variants — the base model Ford Fiesta Style, the Ford Fiesta Trend MT hatchback and the Ford Fiesta Trend MT sedan — that sport the 1.4L 16-valve Duratec inline-4 engine, that can pump a maximum output of 94hp at 5,750rpm and a peak torque of 126Nm at 4,200rpm. This smaller mill is mated to a 5-speed manual transmission (MT) only.
Three more variants — the Ford Fiesta Trend hatchback, Ford Fiesta Trend sedan and the top-ranging Sport version — are powered by a 1.6L DOHC gasoline engine, which can deliver 119hp of maximum power and 151Nm of maximum torque at 4,050rpm, and paired with a 6-speed PowerShift dual-clutch automatic transmission (DCT/AT).
A MacPherson strut with stabilizer in front and twist beams at the rear make up the 2011 Ford Fiesta's suspension setup for a less bumpy stroll in the city. Its wheels are fitted with disc brakes in front and drum brakes at the rear for better stopping power.
The top-ranging Fiesta Sport has 16-inch alloy wheels versus the rest of the variants' 15-inch ones, with the standard Fiesta Style having steel rims instead of alloy.
The 2011 Fiesta Sport has advanced features ahead of its time such as an infotainment system with Bluetooth, voice control and USB connectivity; audio controls on the steering wheel; a sport-tuned suspension; as well as a perimeter alarm and rear parking sensors.
The subcompact sedan and hatchback come in fun, bright colors of Ice Blue, Highlight Silver, Sparkling Gold, Black Mica and Cool White but there are additional colors for the hatchback namely, Aurora Blue, True Red and Chili Orange.
2. Toyota Corolla Altis (~2008)
Check used Toyota Corolla Altis prices here.
- Good acceleration
- Comfortable and roomy cabin
- Spacious trunk and lots of storage compartments
- Safety features are cutting-edge
- Average performance especially on the highway
- Infotainment system not yet digital
The Toyota Corolla Altis is a proven and tested choice for used cars; in fact, the 5-seater sedan is always among the roster of best-sellers whether brand new or used. It also fetches a high resale value; that's why for a price below PHP 300,000, you might not be lucky enough to get a Toyota Corolla Altis with model year newer than the 2008 version. But even with over 10 years' lifespan, the Corolla Altis offers great value for money than some newer models out there.
The 2008 Toyota Corolla Altis is of the 10th generation and the first model to have been refreshed with a dynamic global design language that spans creativity, performance and safety that sets it apart from other cars in its class. It looks sportier than the previous iterations, with a wider, lower body and a wide, low front grille, sharp-looking High Intensity Discharge (HID) headlights, integrated turn signal lights that in the top-ranging variant is power-retractable, LED taillights and a rear bumper reflector that seamlessly integrates with the bumper curves.
The 2008 model is available in two engine options and five powertrain variants: the top-ranging V variant with 1.8L and 1.6L automatic transmission powertrain; the 1.6L G variant with either an automatic or a manual gearbox; and the 1.6L entry-level E variant with manual transmission. The inline-4, 4-cylinder 16-valve DOHC VVT-i mill under the hood delivers a maximum power output of 130hp at 6,000rpm and a peak torque of 170Nm at 4,200 rpm for the 1.8L variant; for the 1.6L, maximum power of 107.5hp at 6,000rpm and torque of 145Nm at 4,400rpm is produced. The top-ranging 1.8L V variant boasts Toyota's Super Electronically Controlled Transmission (ECT) which is a four-speed gate-type automatic gearbox that has multi-mode sequential. Electric power steering is standard.
The 2008 Altis' suspension setup is made up of a MacPherson strut in front and torsion beams at the rear. Front ventilated disc brakes and rear solid disc brakes provide the 5-door sedan's stopping power. The V variants sport 10-spoke, 16-inch alloy wheels while the G and E variants have 7-spoke, 15-inch ones.
Inside the cabin are modernities such as an automatic air-conditioning system, a multi-information display and audio system (with AM/FM radio, CD player, etc.), 8-way power driver's seat that can be adjusted to the most comfortable position, driver to find the most appropriate and comfortable driving position, and lots of storage compartments. It has a huge trunk space that can be enlarged further by folding the rear seats.
Probably the best trait of the Corolla Altis is its safety features. The 2008 model already boasts ABS with EBD and brake assist, dual SRS airbags for the V variant, and Whiplash Injury Lessening (WIL)-equipped front seats.
Medium Silver Metallic, Beige Metallic, Silver Metallic, Gray Metallic, Super White and Black Mica are the colors available in the local market.
3. Mazda Mazda3 (~2010)
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- Superior handling
- Good suspension setup
- The 2L offers outstanding performance
- Premium interior
- Loads of safety features, especially the top-ranging variants
- Second-row seats are cramped
- No manual transmission
- 1.6L engine lacks low-end grunt
Mazda cars are known for their elegance and performance, yet they are also known to be pricier than most brands. Those who want to own a Mazda car can check out used car offerings and you might find yourself a good deal. For one, the second-generation Mazda3 2010 model or older can be availed for less than PHP 300,000 — a pretty good deal for what the car has in store for its users.
The 2nd-generation Mazda3 covers the 2008 to 2013 models, so the 2010 Mazda3 shares specifications and features with the rest of the second-gen models. It sets itself apart from others of its class with its well-designed exterior and interior coupled with a sporty performance. In the Philippine market, there are three all-automatic-transmission variants available: the Mazda Mazda3 1.6L hatchback AT, the 1.6 sedan AT and the top-of-the-line 2.0 sedan AT. The more popular variant is the 1.6L 4-cylinder in-line 16-valve DOHC naturally aspirated mill that churns 103.5hp of maximum power output at 6,000rpm and a peak torque of 145Nm at 4,000rpm paired with a 4-speed automatic tranny. Performance-conscious consumers however prefer the 2L turbocharged 4-cylinder engine that delivers a powerful output of 145hp and 182Nm of peak torque, mated to a 5-speed automatic gearbox. All variants have a front-wheel drivetrain.
One of the second-generation Mazda3's best features is its set of independent MacPherson struts in front and multi-links on the back which make it a fine car to drive in any road condition. Turning around bends, even difficult S bends, are easy as pie, with almost no roll felt.
The 2010 Mazda3's interior is graced with comfortable front seats and the usual cabin fitments such as an audio system, audio controls on the steering wheel and power windows, with nice extras for the higher-end variants such as GPS navigation, Bose stereo and Bluetooth connectivity. The higher the trim, the more safety features you're likely to get such as traction control and electronic stability control.
4. Honda Civic (~2008)
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- Nice styling
- Modern dashboard and instrument panel
- Plenty of storage cubbies
- Good gas mileage
- Seats can be improved to be more comfortable
- Noisy tires
- Tight steering
The Honda Civic is classic and timeless, much like the Toyota Corolla/Corolla Altis. The resale value for this Honda model is high and if you are looking for one of the most dynamic cars among its class, the seventh- and eighth-generation Honda Civic. For a price tag that's cheaper than PHP 300,000, this car is a really good buy.
For the 8th gen, Honda scrapped the hatchback and resurrected the coupe as well as introduced the Si sedan and a hybrid model. Facelifted Honda Civic models were also released in 2008, in which the car's exterior was made to appear more modern — new front grille with a chrome bar that is slightly curved, redesigned front and rear bumpers, restyled taillights, a steeply raked windshield, reduced overhangs as well as a decreased gap between the fenders and the tires.
Under the hood, the 2008 Honda Civic sedan sports a 1.8L i-VTEC engine capable of 113hp maximum power output and mated to a six-speed manual with stability control and limited-slip differential. The other variants, particularly the Honda Civic FD trims, are run by a more powerful 2L DOHC i-VTEC K20 engine, a 1.3L VTEC EFi engine paired with an electric mill for the hybrid model, and a midsized 1.6L powerplant.
The 2008 Honda Civic is equipped with MacPherson struts for its front suspension and independent double-wishbone at the rear. The wheels are equipped with front ventilated disc and rear solid disc brakes for splendid deceleration.
5. Hyundai Eon (~2011)
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- Reliable and easy to drive
- Highly affordable price in the segment
- Huge cargo space
- Compact size makes it a good traffic cutter
- Interior is poorly equipped
- Safety features are lacking
- Bland design
- Cockpit not comfortable for tall drivers
- Rear visibility is not too clear
The first generation of the South Korean compact city car Hyundai Eon started off with the 2011 model, which came to the Philippines a year after it was launched. It is the smallest car in this list, but for a compact car, it has been well-loved by Filipinos most likely because of its affordable tag and its proven and tested quality. It is also one of those customizable cars that a lot of Hyundai Eon cars which had been set up with cute designs can be seen on the streets. The now-discontinued Hyundai Eon is still among the sought-after brand and model in the used cars arena and can be bought for less than PHP 300,000.
The 5-seater compact hatchback comes with 0.8L 3-cylinder gasoline engine that thumps out a maximum of 55hp output at 5,500rpm and 75Nm peak torque at 4,000rpm and mated to a 5-peed manual gearbox. Hyundai Philippines confirmed a fuel economy rating of 26.3km per liter, which is another plus factor for the Eon in the local automotive market.
The Eon's front suspension is a MacPherson strut while its rear setup is a torsion beam with shock absorbers for a smooth ride in the city despite its size. The car rolls on 13-inch wheels equipped with front disc brakes and rear drum brakes. One of the car's highlights is its Motor Driven Power Steering (MDPS).
The Hyundai Eon was introduced with two variants, the GL and GLS, and then later a third variant, the GLX, was also released. Models before 2016 were equipped with airbags but only on the GLS and GL variants.
6. Mazda Mazda2 (~2010)
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- Attractive styling for both hatchback and sedan
- Good cabin quality
- Smooth ride and handling
- Rear seat space is cramped
- Hard, uncomfortable seat
- Poor visibility at the rear
- No stability control
The Mazda2, which is produced at Mazda's Thailand plant, is one of the Japanese automaker's core products in Southeast Asia, and had received the World Car of the Year Award (WCOTY) upon its entry in the region toppling some well-famed competitors. In the Philippines, it is also one of the widely popular cars, and many used car buyers find value in the 2010 Mazda2 model which is not going to cost them PHP 300,000 or more.
The 2010 Mazda2 is offered in a 4-door sedan and a 5-door hatchback car type, with both sporting either a 1.3L or 1.5L 4-cylinder MZR gasoline engine, with the latter producing 103hp of maximum power output at 6,000rpm and 135Nm of maximum torque at 4,000rpm, paired with either a 4-speed automatic gearbox or a 5-speed manual transmission.
The 2011 Mazda2 comes in several variants in the Philippines: the top-of-the-line Mazda2 Sport R with 1.5L MZR in-line 4 cylinder, 16-valve DOHC S-VT with AT; the 1.5L Mazda2 R AT; the 1.5L Mazda2 V MT; and the base model 1.3L Mazda2 S AT.
7. Mitsubishi Mirage (~2014)
Check used Mitsubishi Mirage prices here.
- Fuel economy
- Low price point
- Good low-speed response
- Spacious cabin and trunk for the sedan
- Acceleration is marginal
- Cramped space and low-capacity trunk storage for the hatchback
The Mitsubishi Mirage G4 GLS is one of the Japanese automaker's widely popular offerings in the subcompact hatchback and sedan markets. It has a smaller hatchback variant which is equally popular as well. Considering the 2014 model is just 6 years of age, buying it for below PHP 300,000 is not a bad deal.
Arriving in late 2012 was the Mitsubishi Mirage hatchback which gave the local market a fresh approach toward being green and eco-friendly, not to mention quite affordable, even with its premium variant. This success spurred the release of a sedan version, the Mirage G4, which offered the roominess and comforts that are lacking from the hatchback.
The Mitsubishi Mirage sports a 1.2L 3-cylinder DOHC MIVEC engine that is capable of up to 77hp at 6,000rpm and a peak torque of 100Nm at 4,000rpm, mated to a 5-speed manual transmission that sends power to the front wheels. Although this power output sounds lackluster, the power-to-weight ratio of the Mirage makes up for performance. Fuel efficiency is also key, with 8.3km per liter to 9.5km per liter consumption on a city stroll. On highways, a 24.2km per liter at 65kph to about 90kph can be utilized.
For a subcompact car, ride and handling are decently smooth, and steering is precise.
It also boasts features such as a push-to-start ignition, touchscreen panel, GPS, infotainment system with Bluetooth connectivity, and automatic climate control. While the hatchback's trunk has limited space, the sedan makes up for it with spacious cargo storage.
8. Mitsubishi Lancer (~2010)
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- Powerful and impressive
- Good ride and handling
- Cabin is made mostly of plastic material
- Fuel economy ratings are unremarkable
The Mitsubishi Lancer is one of the iconic models of the Japanese brand and has for long graced the Philippine streets. The seventh-generation 2010 Mitsubishi Lancer has evolved a lot from the 1973 first generation to the impressive, powerful compact car that it is today. For a price that is not more than PHP 300,000, a Mitsubishi Lancer is surely for keeps.
The global model Mitsubishi Lancer comes in various trims from the Lancer EX lineup, the most popular of which is the Mitsubishi Lancer EX GT-A sedan with a front-wheel drivetrain that comes with a naturally aspirated DOHC 16-valve inline-4 MIVEC engine that churns 152hp of maximum power output at 6,000rpm and 199Nm peak torque at 4250rpm mated to either a 6-speed continuously variable transmission (CVT) with paddle shifters.
Another variant is the Mitsubishi Lancer EX Ralliart, which sits between the Evolution X and the Lancer EX GT-A, and which brags of a 2L DOHC 16-valve inline-4 Turbo Intercooler MIVEC powertrain with an impressive maximum power output of 238hp at 6000rpm and peak torque of 343Nm at 2500rpm to 4275rpm, and mated to a 6-speed Twin Clutch SST system (TC-SST).
9. Honda City (~2010)
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- Great design both inside and out
- Good suspension system
- Premium feel of the cabin
- Decent powertrain options
- The 1.3L engine variant is fuel-efficient
- Rear seats cannot be folded
- Rear seats could be cramped for tall passengers
The original Honda City was first seen in the late 1990s and was practically the first to start the Philippine subcompact sedan market. Twenty years later, the said market has grown to be one of the busiest and popular spaces in the automotive industry as we know if today. Honda's offerings are always topnotch in terms of quality and durability and if the City is one that fits your style, you can get the 2010 model and older for less than PHP 300,000.
The fifth-generation 2010 Honda City looks sleek and modern from among its class, almost similar to a fastback's style. It has a proud stance with all the right trimmings in the exterior that makes it appear as a real city dweller.
The City has stayed farther away from its old-generation hatchback profile and boasts premium-looking interior and cool features such as power windows, mirrors and locks, a multimedia system with AM/FM radio, CD, and MP3 functionality and compatible with aux, USB and even the iPod.
There are two trims available in the local market for the 2010 City, namely the 1.3L S and 1.5L E.
Under the bonnet of the S variant is a 1.3L gasoline engine paired with either a 5-speed manual or 5-speed automatic gearbox. This mill is fuel-efficient when driving along city streets with a 9.5km per liter mileage. The premium E variant sports a 1.5L VTEC powertrain that churns 118hp and 145Nm of peak torque, mated with a 5-speed automatic transmission that has a pair of paddle shifters behind its steering wheel.
The City's sport-tuned suspension layout provides it with the needed rigidity and strength. Stability is achieved with a matching set of 15-inch wheels.
10. Toyota Vios (~2010)
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- Good performance
- 1.3L variant is fuel-efficient
- Has loads of practical and safety features
- Good cargo space
- Plain looking
- There is no front armrest
Everyone knows that the Toyota Vios is one of the best-selling cars in the Philippines and continues to reign as the subcompact sedan king, with overwhelming shares that makes Toyota a proud leader in the local automotive scene. While the brand-new Vios doesn't make a huge dent in one's pocket, getting the 2010 model and below for a cheaper price of below PHP 300,000 is a great deal.
While nothing stands out in the looks department, the no-frills yet versatile Toyota Vios has all the practical features needed by many Filipinos, such as well placed-cubby holes, a large trunk and cargo space that can be extended with folded-down rear seats, comfortable seats and more.
Under the hood, the Toyota Vios 2010 model is mid-ranging – not powerful yet not weak either. There are two engine variants of 1.3L and 1.5L, both VVT-i engines, with the former being able to produce maximum output of 83hp and mated to a 4-speed automatic gearbox that pushes power to the front wheels. This smaller engine boasts decent fuel consumption at 10.9km per liter when driving around the city in moderate traffic and 13.2km per liter on highways. And thanks to a 4-speed automatic, is quite comfortable to drive in stop and go traffic.
This 1.5L naturally aspirated 4-cylinder 16-valve engine produces up to 104hp at 6,000rpm and a maximum torque of 141Nm at 4,200rpm, where power is delivered to the front wheels via a 5-speed manual gearbox.
Knowledge can be considered as power, and this can also be applied when buying used cars. What we at Priceprice.com have provided is merely a guide to help you understand the market, the trends, the reputed and established brands and models, and a short informative description of each offering, among others. Self-knowledge is still the most important knowledge, which means before you decide on a purchase you must already know the things you require before you even get started with the hunt. You need to get organized, finalize your budget, and above all, set realistic expectations. Do your homework, partner with the right people to assist you, and you should be happy with your used car purchase.
- Images from hondaphil.com