Buying a Second Hand Car in the Philippines
Although the average cost of a new car in the Philippines has fallen considerably in the last decade, unfortunately, the same cannot be said for the second-hand market.
While it's true that second-hand prices have reduced slightly for newer model, pre-owned vehicles, older vehicles are still considerably overpriced in comparison to the west. In fact, I’m sorry to say that the situation is so bad that the cost of a second-hand vehicle in the Philippines comes as an unwelcome and unpleasant surprise to many expats.
As a very rough guide, you may be able to pick up an 20 year old, rather battered local owner jeep for between US1,200 to 2,000, a 20-25 year old KIA Pride for around US2,200 and, if you’re lucky, a reasonable running 15-20 year old Toyota Corolla for around US3,500. For something that will look good, drive well and only require reasonable maintenance, look to be spending at least US$5,000 – and that’s probably for a 10+ year old vehicle!
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