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All the Hidden Charges of Buying a New Car in the Philippines

Buying a new carBuying a new car in the Philippines has become a necessity, considering how bad the transportation service is in Manila today. However, buying a new car comes with many additional expenses that you may not be informed about. This includes registration, maintaining the car and the yearly insurance.

So if you’re one of the people that are seriously thinking of buying your own car, this article will help you determine if you’re really ready for it.

Additional Fees Upon Purchase

When you purchase a brand new car in the Philippines, you will also need to pay for three additional fees. This includes rustproofing (which is not mandatory), LTO Registration (required but usually free for the first three years) and Insurance ( I believe this is required for the first year). For rustproofing, your salesman will tell you it’s important to get it but brand new cars already have basic rustproofing included so it’s really up to you. For LTO Registration, you have the option to do this by yourself or have the car dealer do it for you.

For rustproofing, your salesman will tell you it’s important to get it but brand new cars already have basic rustproofing included so it’s really up to you. For LTO Registration, you have the option to do this by yourself or have the car dealer do it for you. I believe the price is the same so you’re better off with having the dealer do that work. As for the insurance, your dealer will usually recommend a company but you can choose another firm if you like. However, if you are buying a car through a bank loan, your bank will usually require you to avail the insurance from their recommended company.

  • Rustproofing = Approximately 4,000 to 4,500 pesos
  • LTO Registration = FREE for the first three years
  • Insurance = Approximately 23,000 pesos (1st year), 16,000 pesos (2nd year), 14,000 (3rd year)

Maintenance:

Now after you purchase your car, you need to have it checked every 6 months and have some parts or fluid be replaced. Making sure your brand new car is maintained properly is important because it will affect its performance in the long run. So below are the monthly check-ups you need to do:

Every 10,000 KM or 6 Months

  • Engine oil needs to be replaced (Approximately 1,500 to 3,800 pesos depending on where you avail the service)
  • Tune Up to check engine oil filter,  idle speed,  front and rear brakes,  tie rod ends, suspension components, driveshaft boots, and battery condition (Usually free but can cost up to 1,300 pesos depending on the auto repair shop)
  • Rotate tires (Approximately 250 to 1,200 pesos)

Every 20,000 KM or 1 Year

All the mentioned maintenance from the 6 months list and the following:

  • Check all fluids level and condition of fluid, exhaust system, fuel lines and connections, and parking brake adjustment
  • Check battery life. Some only last for a year while some for 2 or more. (Approximately 3,000 to 4,000 pesos depending on the battery)

Every 40,000 KM or 2 Years

All the mentioned maintenance above and the following:

  • Inspect valve clearance
  • Replace fuel filter (Less than 500 pesos)
  • Replace transmission oil (Approximately 800 pesos per quart + labor)
  • Every  60,000 KM or 3 years
  • Inspect drive belt
  • Replace brake fluid (Approximately 900 pesos)

Every 100,000 KM or 5 years

All the mentioned maintenance above and the following:

  • Replace Spark Plug (Less than 500 pesos)

Please keep in mind that all the prices indicated are estimates and it can change at any time. For accurate estimates, inquire the prices of the service to your preferred auto repair shops.

 

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