2024 Honda CR-VTrue Cost of Ownership in Philippines
190 hp turbocharged inline-4, best-selling compact SUV. Full cost breakdown including import duty (30%), VAT (12%), insurance, fuel at ₱1.05/L, maintenance, and depreciation.
Purchase Price
$44K
Base: $30K
Annual Total
$10K
Insurance + fuel + maintenance
Import Duty
$9K
30% of base price
VAT
$5K
12% applied
Annual Insurance
$750
Avg for this country
5-Year Total
$94K
Purchase + 5yr running costs
2024 Honda CR-V — 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) | $30K |
| Import Duty (30%) | $9K |
| VAT / Sales Tax (12%) | $5K |
| Total Purchase Price | $44K |
| Annual Insurance | $750 |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $964 |
| Annual Depreciation | $6K |
| Registration & Road Tax | $550 |
| Total Annual Running Cost | $10K |
| 5-Year Total Cost of Ownership | $94K |
| Cost Per Kilometer | $0.666 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Honda CR-V 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
Honda CR-V Depreciation Curve
The Honda CR-V loses approximately $15K (49%) of its value over 5 years.
Year-by-Year Value
| New | $30K | 100% |
| Year 1 | $24K | 80% |
| Year 2 | $21K | 70% |
| Year 3 | $19K | 62% |
| Year 4 | $17K | 56% |
| Year 5 | $15K | 51% |
Depreciation based on suv segment averages.
Honda CR-V vs. Competitors in Philippines
How does the Honda CR-V compare to similar cars available in Philippines?
Honda
CR-V
Base Price
$30K
Annual Cost in Philippines
$10K
Toyota
RAV4
Base Price
$32K
Annual Cost in Philippines
$8K
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 = 286% 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
Honda CR-V in Philippines — Frequently Asked Questions
Common questions about owning a Honda CR-V in Philippines.
The 2024 Honda CR-V has a base price of $30,000 USD. In Philippines, after 30% import duty and 12% VAT, the total purchase price is approximately $43,680 USD (₱43,680 PHP).