The 2023 Manila International Auto Show (MIAS) is around the corner, with car brands ready to showcase their latest vehicles for the event. These automakers have even released several teasers for their upcoming cars to build hype for them before their grand reveal. That said, we will quickly cover the different models that are appearing at the auto show. Some brands have already stated what they will showcase at the event, while others have yet to fully reveal what they intend to launch. The lis
Joey Deriquito 11.04.2023
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Foton Philippines debuted an upgraded Thunder pickup and a new van variant amidst a nationalistic cacophony of mobility solutions. The Chinese automaker drummed up upgrades of its Thunder double cab pickup. It now has a Php 1.35 million, six-speed automatic transmission (with manual mode) version, while retaining a 161 ps / 390 Nm 2.0-liter turbodiesel straight four. Another example was an upgrade to its Transvan passenger van. The potential school bus and people hauler ditched its 2.8-liter tur
Jude Morte 17.09.2022
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The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), announces the opening of the 8th Philippine International Motor Show (PIMS) early today. This year’s much-anticipated PIMS is returning after a four-year hiatus that was brought on by the pandemic. With the theme “Mobility + Humanity: Innovating for the Common Good”, the 8th PIMS showcases the motoring industry’s latest innovations that will provide safer, more efficient, and sustainable mobility to the people. “To say the
Gilbert Chao 15.09.2022
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Year in and year out, day in and day out, the Mitsubishi L-300 can be relied upon to deliver on its uncompromising standard of reliability. The one word that best describes this unassuming workhorse. Bragging rights aside, the knowledge about the said car’s reliability especially in logistic-delivery operations has been greatly acknowledged throughout the years by the striving hordes of Filipino businessmen who were keen on trying to make a decent living out of this reliably-multi-purpose utilit
DW 24.04.2022
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Foton Monthly Payment FAQs

What are the down payment, interest rate, and term for buying a Foton car by installment?

The down payment, interest rate, and loan term of car loans in the Philippines may vary depending on the bank and the type of vehicle. Generally, the down payment ratio ranges from 15% to 50%, the interest rate ranges from 5.54% to 30.3%, and the loan term options are from 12 to 60 months. If you want to buy a used car, you may encounter higher interest rates, and the sum of the car's age and the loan term cannot exceed 11 years.

How much down payment, interest rate, and term should I choose to buy a Foton car in the Philippines?

If you want to buy a Foton car in the Philippines, you can choose a 20% down payment, a 10% interest rate, and a 36-month term, which is a balanced and reasonable option.

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