2023 Ford Explorer PlatinumTrue Cost of Ownership in Philippines
400 hp twin-turbo V6. Full cost breakdown including import duty (30%), VAT (12%), insurance, fuel at ₱1.05/L, maintenance, and depreciation.
Purchase Price
$90K
Base: $62K
Annual Total
$16K
Insurance + fuel + maintenance
Import Duty
$19K
30% of base price
VAT
$10K
12% applied
Annual Insurance
$750
Avg for this country
5-Year Total
$172K
Purchase + 5yr running costs
2023 Ford Explorer Platinum — Full Cost Breakdown in Philippines
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $62K |
| Import Duty (30%) | $19K |
| VAT / Sales Tax (12%) | $10K |
| Total Purchase Price | $90K |
| Annual Insurance | $750 |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $964 |
| Annual Depreciation | $12K |
| Registration & Road Tax | $550 |
| Total Annual Running Cost | $16K |
| 5-Year Total Cost of Ownership | $172K |
| Cost Per Kilometer | $1.093 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Ford Explorer Platinum Fuel Cost Calculator — Philippines
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,733
USD equivalent
Monthly Fuel Cost
$144
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$11.55
11L × ₱1.05
Ford Explorer Platinum Depreciation Curve
The Ford Explorer Platinum loses approximately $30K (49%) of its value over 5 years.
Year-by-Year Value
| New | $62K | 100% |
| Year 1 | $50K | 80% |
| Year 2 | $43K | 70% |
| Year 3 | $38K | 62% |
| Year 4 | $35K | 56% |
| Year 5 | $32K | 51% |
Depreciation based on suv segment averages.
Ford Explorer Platinum vs. Competitors in Philippines
How does the Ford Explorer Platinum compare to similar cars available in Philippines?
Ford
Explorer Platinum
Base Price
$62K
Annual Cost in Philippines
$16K
Toyota
RAV4
Base Price
$32K
Annual Cost in Philippines
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Philippines
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Philippines
$7K
Annual costs estimated for Philippines market. Import duty (30%) and VAT (12%) applied to all models.
🇵🇭 Owning a Car in Philippines
Traffic congestion increases fuel costs.
Very Expensive for Philippines
Annual car costs = 468% of average Philippines income ($4K/yr)
Average Annual Income
$4K
In Philippines
Fuel Price
₱1.05/L
Gasoline dominant
Avg Car Insurance
$750
Per year
Import Duty
30%
On vehicle value
VAT / Sales Tax
12%
Applied at purchase
Driving Side
Right-hand
Asia
Popular Car Brands in Philippines
Ford Explorer Platinum in Philippines — Frequently Asked Questions
Common questions about owning a Ford Explorer Platinum in Philippines.
The 2023 Ford Explorer Platinum has a base price of $62,000 USD. In Philippines, after 30% import duty and 12% VAT, the total purchase price is approximately $90,272 USD (₱90,272 PHP).
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