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

The 2024 SUPER GT season will welcome a new entry from Honda in the form of its new GT500 Honda Civic Type R-GT Concept race car. This race-ready hatchback will replace the existing Honda NST-GT Type S as the brand’s offering in Japan's premier sports car racing category. The Type R racecar was unveiled at the 2023 Tokyo Auto Salon with Honda Racing Corporation president Koji Watanabe present to give out the announcement. It also won the Tokyo International Custom Car Contest 2023 Concept Car Ca

A new hot hatchback is coming to the Philippines with the recent reveal announcement of the 2023 Honda Civic Type-R. According to our sources, it will reportedly be priced anywhere from an eye-watering 3.6 to 3.9 million pesos—a hefty jump from the ₱3,210,000 swansong price of the previous generation Civic Type R. According to a report from Autoindustriya the new model will reportedly be unveiled in the Philippines on January 19, 2023. This follows the recent introduction of the hot hatch to the

2022 was an excellent year for the Philippine car industry, with new cars making their mark. We saw new crossovers, sedans, pick-up trucks, and sport-utility vehicles enter the market. As we welcome a new year for the local automotive industry, we have compiled a list of cars that you will miss in 2023. Honda Civic 1.5 Turbo S CVT We have gotten confirmation from the public relations team of Honda Cars Philippines Inc. that the Honda Civic 1.5 Turbo S variant will no longer be around this year.