Unless you've been living under a rock since the beginning of the year, you probably know that the country's automotive landscape has changed quite a bit since we rang in 2018.

This is largely due to the implementation of the new Tax Reform for Acceleration and Inclusion (TRAIN) law, which effectively placed higher excise taxes on most types of vehicles. One by one, local carmakers began releasing updated price lists showing higher rates for many of the market's favorite car models.

ADVERTISEMENT - CONTINUE READING BELOW

More From FemaleNetwork.com

Pickups were spared, as were a select handful of luxury rides (and it's not like the majority of us can venture into either segment). But for the most part, things got pricier.

CONTINUE READING BELOW
Recommended Videos

Hey, don't feel too down in the dumps about it. There's still a relatively fine selection of cars to choose from, even if you're on a tighter budget. With a little help from the BPI car loan calculator, we got to listing down some of the more popular cars that still fall below the P12,000 per month mark (20% down payment, 60 months amortization). Take your pick:

Chevrolet Spark 1.4 LT MT 

ADVERTISEMENT - CONTINUE READING BELOW

SRP: P694,888

Monthly: P11,862

Nissan Almera 1.2 MT

SRP: P657,000

Monthly: P11,215

Kia Picanto 1.0 SL AT

ADVERTISEMENT - CONTINUE READING BELOW

SRP: P695,000

Monthly: P11,881

More From FemaleNetwork.com

Honda Brio 1.3 S AT

SRP: P671,000

Monthly: P11,454

Mitsubishi Mirage 1.2 GLS MT

 

ADVERTISEMENT - CONTINUE READING BELOW

SRP: P692,000

Monthly: P11,812

Toyota Vios 1.3 J MT

SRP: P668,000

Monthly: P11,403

More From FemaleNetwork.com

This story originally appeared on Topgear.com.ph.

* Minor edits have been made by the Femalenetwork.com editors.

Get the latest updates from Female Network
Subscribe to our Newsletter!
View More Articles About:
Cars Loans Banking
Trending on Network

Latest Stories

Jelai Andres Opens up About Moving on From Heartbreak

The vlogger got real about her learnings from her breakup with ex-husband Jon Gutierrez.

Sheryn Regis' Daughter Supports Her Coming Out As a Lesbian

"Love is free, and you are free, mom. I love you and I’m proud of you."

Maxene Magalona Pens Heartfelt Instagram Post for Her Parents-In-Law

"The love that they have for me and their children is just so pure and rare."

Kris Aquino Confirms Breakup with Fiance Mel Sarmiento

The Queen of All Media took to Instagram to explain the reason for their fallout.
Load More Stories