Subcompact sedans are supposed to be a go-to choice for car buyers looking for an affordable and reliable daily driver. But does this remain the case even after the recent implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law?
Apparently, the answer is yes. While many models--market giants Toyota Vios and Honda City included--saw a rise in price because of higher excise taxes, the jump in cost didn't necessarily put them outside the realm of affordability (save for maybe a handful of top-of-the-line variants). For the most part, the price increases were moderate.
So we set a humble P15,000 per month budget, and listed down eight potential subcompact sedans that fall into it. As usual, we had a little help from the BPI car loan calculator with the down payment set at 20% and 60 months amortization. Take your pick:
SRP: P785,000
Monthly: P13,400
Ford Fiesta 1.5 Trend AT (5-DR)
SRP: P805,000
Monthly: P13,741
Mitsubishi Mirage G4 GLS 1.2G CVT
SRP: P819,000
Monthly: P13,980
SRP: P824,000
Monthly: P14,066
SRP: P841,000
Monthly: P14,356
SRP: P849,000
Monthly: P14,492
SRP: P857,000
Monthly: P14,629
SRP: P865,888
Monthly: P14,781
