8 Subcompact sedans you can own for under P15,000 per month

Need a new daily driver?

by Drei Laurel | Mar 24, 2018

IMAGE Mark Sangalang

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:

Suzuki Ciaz 1.4 GL AT

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

Nissan Almera 1.5 E AT

SRP: P824,000

Monthly: P14,066