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

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

After speculations about what Honda Cars Philippines would bring next, the covers have been removed to unveil the 2023 Honda Civic Type R FL5. That's right! The Japanese brand has brought the latest version of its performance hatchback into the country but with a catch. Unlike before, which had a bigger allotment into the triple digits, this time around, the sixth-generation Civic Type R is only limited to 30 units, so you better move quickly as orders for these vehicles will come swiftly and co

A road crash is one of the biggest disasters any motorist can face. And it’s not just the hassle of delayed journeys and repair costs. A road crash can also result in life-altering injuries or, worse, death. Although none of us intentionally go out crashing our cars, modern traffic conditions have made things challenging even for the most careful and astute drivers. That’s where active safety systems come in. Unlike passive safety systems like seatbelts and airbags, which minimize the harm that

After a year of hiatus, Toyota and Subaru have unveiled the 2022 version of the Toyota 86. This sports coupe is a partnership project between Japanese automakers - Toyota Motor Company and Subaru Corporation. This model entry has a massive impact on popularity because of its affordable price in the automotive market against European sports car brands. This year’s version is extra special for car enthusiasts as Toyota 86 2022 has a lot of performance improvements and style enhancements. One of th