Cost of Having a Car in the Philippines

Many Filipinos—both young and old—are aspiring to buy their own car. Some of them want to be able to get to work comfortably amidst the notorious Metro Manila traffic. Others want a new vehicle so they can earn some extra cash (they could sign up to become drivers for ride sharing services).

Whatever the reason, if you are part of either group, you must think about the real cost of owning a car in the Philippines. By having a vehicle, you would also need a third party liability car insurance providers. You should also take into consideration the cost of fuel and car maintenance.

Let’s discuss this further below.

The purchase price

Of course, the first thing you need to consider is the purchase price of the vehicle.

There are many types of cars available in today’s market. Moreover, competing brands have various products that they will entice you with. However, the most common ones that consumers buy are hatchbacks, sedans, minivans, SUVs, and vans. Their costs also vary depending on their features (automatic or manual) and variants (2WD or 4WD). The brand of the vehicle, transmission, fuel, and engine could also greatly affect a particular car’s costs.

Be sure to take note of these things when calculating the entire cost of owning a car.

Car maintenance

Now, you might be thinking that you just bought a brand new car, so there’s really no need for you to maintain it so soon. But you are wrong in this sentiment. As a responsible, car owner you should regularly check up on your vehicle, particularly if you are one that always takes it for long rides.

Furthermore, there are a lot of things that fall under car maintenance. In fact, fuel is one of them. To give you a better understanding, here is a list of things that are considered as car maintenance:

  • Fuel
  • Change oil
  • Tires
  • Car wash

Car insurance

Getting a car insurance is only natural if you are buying a car. It just wouldn’t be a sound decision to own a car and not to have it insured. Sure, a lot of people would argue that if you drive careful enough, you don’t really need a car insurance. If this is your thinking, then you are not considering the other drivers’ behavior. Plus, car insurance could also cover ‘acts of God’ such as flash floods and earthquake.

Many companies are offering car insurance at varying costs. Be sure to get one that will suit you and your driving behavior.

Road expenses

Aside from the aforementioned, you also need to take into account all the expenses you are going to spend on the road. By this, we mean the toll fees you will incur on expressways like the NLEX and the SLEX.


As you can see, there is more to the cost of owning a car. You simply cannot say that its purchase price is the only thing you have to pay for. You also need to take into consideration the car maintenance, the road expenses, and the car insurance.

Car insurance scams are quite prevalent so be very wary of those.