So, you’ve finally gotten enough cash in your piggy bank to buy your dream car or motorcycle outright. But there’s just one hitch – the dealership and/or agent won’t sell it to you unless you buy it through financing at a much higher cost, as many of our readers have reported to AutoFun Philippines. Financing schemes allow dealers to get more profit from a unit because of the higher total price, which includes interest rates. AutoFun Philippines reported the extreme levels of this practice with

It’s the last Sunday of January – here’s another edition of the AutoFun Philippines Rearview Roundup. We’ve compiled the top five stories from January 23 to 27, 2023 that really moved you. Here’s what you chose. Toyota party! In case you’ve been living under a rock over the last decade, Toyota is once again the top-selling car brand in the Philippines. Data from the Chamber of Automotive Manufacturers of the Philippines Inc. showed that the company took a mammoth share of the market in 2022, sel

The law of supply and demand is one of the most fundamental concepts in economics. In a nutshell, if lots of people want something (high demand) that isn’t plentiful (short supply), the price would shoot up until the right number of buyers remains. This applies to everything from food items like onions to pricier products like cars. However, certain car dealerships are taking this economic principle to absurd extremes. AutoFun Philippines content head Mikko David reported that some buyers of the

Price-gouging has long been an illicit practice in the local car industry, particularly at new-car dealerships. It refers to dealers asking for more money on top of a new car’s list price, which already includes a profit margin. This happens most often with models that have very high demand. The added charges are imposed either by forcing the buyer to take a financing program – where the buyer can get the car immediately at the cost of high monthly payments, which the dealer gets a cut of – or t

(Images from Honda PH) With its safety features and spatial practicality, the Civic Type R can pass as a daily, if you'd think about it (and force it a little). Is it easy to maintain a modern hot hatch like the Civic Type R? According to a report in November last year made by Martin Pretorious of AutoTrader, a car website in South Africa, the Civic Type R is actually a bespoke car, and despite the geography, his findings are very much applicable in the Philippine setting. Being in the same cate

Sports cars never get out of hype, especially for the young, and young at heart. And the same goes with the Toyota 86 sports coupe. The Toyota 86 is a collaboration between two automotive giants – Toyota Motor Company and Subaru Corporation. This head-turner coupe entry is a popular car model in the Philippine automotive market because of its stunning road impression. Although the Toyota 86 is classified as a sports car, Toyota offers the model at an affordable price. In the Philippines, it cost