The Best Car to Purchase According to your Income

Best Car according to your Income

Having your car gives you freedom. You can drive anywhere at any time. Whether it’s a grocery run, a fast food drive-thru, or a random visit to your friend, having a car to drive saves you from the hassle of commuting which comes with smoke and pollution in the streets, not to mention the competition with a ton of other passengers. If your salary or savings can afford it, why not invest in a car? It gives you more safety and convenience especially during this time of the pandemic. 

Looking for the right car could be a daunting task. You have to check the brand, do a lot of research, and most importantly, see if it fits your budget. However, knowing your budget can make your car-hunting a whole lot easier. When you have a specific budget in mind, you can check the available cars within that price range and see the best that fits your lifestyle.  

Depending on your income, how much should you spend on buying a car? You don’t want to be buying a car that will consume all your monthly salary or savings. The key here is to make a good choice that will best fit your budget and at the same time, fulfill its purpose. 

A common rule observed by many is the ‘35% of income’ rule. It means that the car you buy should not go beyond 35% of your annual salary. If you make one million a year, your budget should not go beyond 350,000. Now you would argue that it’s not enough for a brand-new car, but at least can cover for a perfectly working used car. This rule is not cast in stone but could be a good guide in money management. There are many other rules like the 10% to 20 % of your annual salary for the more frugal buyers. At the end of the day, it’s really upon your financial situation and how you manage your money. 

In buying a car, you should keep in mind that you are not just buying the car itself. You have to pay for other accompanying expenses like insurance, registration fee, processing fee, etc. This doesn’t include yet the price for maintaining the car and the allocation for fuel, parking fees, etc. So with these things to consider, it is good to keep the idea of buying a car with the lowest price you can manage. 

In the list below, we list the most popular car types currently available in the market. You can check which ones are within your budget and fit your needs or lifestyle. These are the bestselling cars in 2020 in the Philippines so you don’t have to worry if the models are outdated. You can choose from a wide variety of options ranging from P500,000 to P1 Million and above. One tip to always consider: invest your money wisely. 

What’s hot in the automotive market? 

The pandemic has affected the car market for the year 2020, dipping by 40% in total sales for the year. Despite the situation, car manufacturers continue to release brand new models to cater to the changing needs of the market. 

Budget-friendly range (estimated P500,000 to P1,000,000)

Toyota Wigo 

The Toyota Wigo is an ideal first car for a starting yuppie. This compact hatchback can accommodate up to five passengers. With its small size, you can easily wade through the traffic in Metro Manila. A real budget-friendly car, those starting in their careers will find it not too heavy on the pocket. It is Toyota’s most affordable car, making it a huge bestseller. Enjoy traversing the city and the nearby provinces with your family and friends with the all-new Toyota Wigo. 

Suzuki Celerio and Suzuki Dzire

Suzuki’s entry in the subcompact hatchback is the Celerio. Famed for its affordable price, it can seat up to five passengers. The car is perfect for your city driving whether for work or a quick getaway. It is one of the most practical cars to have this 2021. Another option from Suzuki is the Dzire. A sedan with a seating capacity of five, the Dzire has a sleek body with an improved engine and fuel efficiency. It is one of the cheapest sedans available in the market. 

Kia Picanto

Who wouldn’t love the youthful vibe of a Kia Picanto? The latest model of the Picanto features a sharper headlight and an improved chassis. This hatchback can accommodate up to five passengers. It is one of the most budget-friendly cars in the market for those looking for an affordable yet practical car investment

Toyota Vios

The Vios is one of the bestselling sedans in the Philippines. Why? It has many amazing features for a great price. With a seating capacity of five, this car is popular among families because of the big trunk compartment and cool interiors. It is highly functional and has an efficient fuel system. No wonder the Toyota Vios is such a hit, even amid a pandemic. It remains to be an unbeaten choice for its category. 

Mitsubishi Mirage and Mirage G4

Looking for a hatchback that has a sporty aura? The Mitsubishi Mirage is a good choice for you. It offers an enjoyable driving experience because of its driver-friendly features. There is a GPS Navigation system installed to help you in the directions of your destination. It also has an improved safety feature that prevents sudden starts. You will also notice the Mirage’s spacious cabin space that is perfect for a group of five. 

Meanwhile, Mirage G4 offers a bigger space than a regular Mirage. This subcompact sedan is valued for its fuel efficiency and sporty design. It is also one of the most favorite types of cars by Filipinos in its category. It ranks number 9 in the top-selling cars in the country last 2020.

Honda City

This sedan is widely popular in the country because of its versatility. The fifth-generation Honda City features a spacious interior and an awesome tech addition. The sleek design is also something the City has always been proud of. The front integrates a LED Daytime Running Light and presents Halogen Projector Headlights for other variants. The back meanwhile has a rear LED Tail Lamp. It also comes with special door features including Power Adjustable Door Mirrors and Power Folding Door Mirrors with Integrated Side Turn Signals for some variants. You can also enjoy a new One Push Start System across all variants, with Smart Entry Keyless Entry System and Keyless Entry for other variants. 

Ford Ecosport

Style and stability rolled into one, the Ford Ecosport is a great companion for urban city driving as well as long drives in the province. You can expect a sturdy suppression, giving good driving dynamics. With Ford, you can expect a solid and tough performance. The Ecosport also sports a variety of colors. This subcompact crossover can seat up to five passengers.

Premium Range (estimated P900,000 to P2,000,000 above)

Toyota Innova

A family favorite among Filipinos, the all-new Toyota Innova is a great buy for its functionality. The exterior of the Innova is a great match for both urban and green escapes. This car features a versatile interior, that can turn from family-friendly to sophisticated-looking. It offers generous space to carry many loads including groceries, luggage, clothes, etc. Comfort is guaranteed with its spacious interior that can accommodate up to 8 passengers. Another great safety feature of the latest Innova is the audible warning to any untoward incidents. 

Toyota Hilux

This trusted pick-up brand can seat up to 5 passengers and offers a big space for your items. The mighty exteriors of the Hilux make it the perfect companion for both work and play. Its powerful vibe is a sure head-turner in the streets. It is also one of the bestselling cars in the country, ranking second next to the Toyota Vios. The latest model was released in 2020.

If you are looking for a good car for heavy duty travel we recommend purchasing the Hilux for such travel or off-road enthusiasts.  

Toyota Fortuner

The latest Fortuner got a much-deserved upgrade. Dubbed as the Philippines’ bestselling SUV, the Fortuner was included in the top 10 bestselling cars in the Philippines despite the pandemic. The interiors of the car feature a sleek design and a powerful technology evident in its onboard control system. You can expect nothing but comfort in spacious seats which can accommodate up to seven. It also comes with advanced passive and active safety features to give passengers better protection. 

Nissan Navara

Known for its comfortability, this vehicle is one of the bestselling midsized pickups last year. Nissan Navara has always been regarded highly because of its powerful technology that features Nissan’s Intelligent Mobility Suite which has a 360-degree camera. The seven-inch advanced drive assists color TFT display is a great guide to monitoring all driving aids to get a visual warning through the screen. It also houses a very efficient 2.5L turbo diesel engine. The exteriors are strong, making it an ideal vehicle for any outdoor adventure.

In buying a car, it is important to first assess all aspects– from the style, the functionality, fuel efficiency, and above all, safety– before shelling out a big amount of money for the down payment. Make sure that your income and savings must be able to fully support this. Choose the best one according to your needs and see if it fits your allocated budget.

Aside from a car, another great investment to consider is real estate. If you have the means, start investing early. An affordable condo is an ideal property especially for those still starting in their careers. Condos are equipped with a spacious parking lot to make sure that cars are safe and well protected. 

Camella Manors offers the best resort-theme condos in the town known for its prime location, world-class amenities, and good value for money. It is currently present in key provinces in Luzon, Visayas, and Mindanao. 

One of Camella Manor’s resort-themed condos is found in Lipa, Batangas. The province of Batangas offers a good balance of urban and suburban living. Real estate investment in Lipa holds a bright future due to the city’s promising growth. Lipa City has a vibrant economic forecast with the presence of a thriving Business Processing Outsourcing (BPO) industry, call centers, and other IT-related firms. The city is also named as one of the Top 10 cyber growth corridors in the Philippines in recent years. 

Get an affordable condo in Camella Manors Lipa 

Looking for an affordable condo in Lipa? Live your best life at Camella Manors Lipa. 

Camella Manors Lipa is one of the pioneering vertical developments in Lipa City. It is Camella’s latest offering in Batangas. Camella Manors is Vista Land’s newest mid-rise condominium brand located in the regions and nearby provinces of Metro Manila. It promotes all-in lifestyle needs and resort-themed amenities that will cater to young professionals, starting families, investors, and Overseas Filipino Workers (OFWs). 

Camella Manors Lipa is strategically located in Tibig, a quiet and exclusive site that is conveniently close to Lipa’s City center. From Metro Manila, the affordable condo is about 80 kilometers away from Metro Manila.

This resort-style condo in Lipa has the most expansive amenities among all the Camella Manors projects nationwide. It features a badminton court, function hall, jogging path, paring space, swimming pool area, clubhouse, fitness gym, play park, and a play court. 

Other features include 24/7 Security, verdant landscapes, accessibility to all sectors of the society, nearby tourist Spots, pet-friendly community, resort vibe community, and smart condo living. 

This condo for sale in Lipa is conveniently located in a prime location close to many essential establishments like shopping malls and retail centers, leisure and entertainment, schools and universities, medical centers and hospitals, churches, and major infrastructures. 

Pre-selling of units is ongoing. To find out more about Camella Manors Lipa, check out our social media pages or visit our official website at Reservations can also be done conveniently and hassle-free through our easy-to-use online payment facilities.

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