2024 Honda Ridgeline Black EditionTrue Cost of Ownership in Philippines
280 hp V6. Full cost breakdown including import duty (30%), VAT (12%), insurance, fuel at ₱1.05/L, maintenance, and depreciation.
Purchase Price
$66K
Base: $45K
Annual Total
$13K
Insurance + fuel + maintenance
Import Duty
$14K
30% of base price
VAT
$7K
12% applied
Annual Insurance
$750
Avg for this country
5-Year Total
$132K
Purchase + 5yr running costs
2024 Honda Ridgeline Black Edition — 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) | $45K |
| Import Duty (30%) | $14K |
| VAT / Sales Tax (12%) | $7K |
| Total Purchase Price | $66K |
| Annual Insurance | $750 |
| Annual Fuel Cost | $1K |
| Annual Maintenance | $750 |
| Annual Depreciation | $10K |
| Registration & Road Tax | $550 |
| Total Annual Running Cost | $13K |
| 5-Year Total Cost of Ownership | $132K |
| Cost Per Kilometer | $0.881 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Honda Ridgeline Black Edition Fuel Cost Calculator — Philippines
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,260
USD equivalent
Monthly Fuel Cost
$105
Per month average
Annual Liters Used
1,200L
At 15,000 km/yr
Cost per 100km
$8.40
8L × ₱1.05
Honda Ridgeline Black Edition Depreciation Curve
The Honda Ridgeline Black Edition loses approximately $24K (54%) of its value over 5 years.
Year-by-Year Value
| New | $45K | 100% |
| Year 1 | $35K | 78% |
| Year 2 | $30K | 67% |
| Year 3 | $26K | 58% |
| Year 4 | $23K | 51% |
| Year 5 | $21K | 46% |
Depreciation based on mid-range segment averages.
Honda Ridgeline Black Edition vs. Competitors in Philippines
How does the Honda Ridgeline Black Edition compare to similar cars available in Philippines?
Honda
Ridgeline Black Edition
Base Price
$45K
Annual Cost in Philippines
$13K
Toyota
Camry
Base Price
$28K
Annual Cost in Philippines
$7K
Honda
Accord
Base Price
$30K
Annual Cost in Philippines
$7K
Mazda
Mazda6
Base Price
$27K
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 = 377% 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 Ridgeline Black Edition in Philippines — Frequently Asked Questions
Common questions about owning a Honda Ridgeline Black Edition in Philippines.
The 2024 Honda Ridgeline Black Edition has a base price of $45,000 USD. In Philippines, after 30% import duty and 12% VAT, the total purchase price is approximately $65,520 USD (₱65,520 PHP).
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Honda Ridgeline Black Edition in Other Countries
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- 🇯🇵Honda Ridgeline Black Edition in Japan
- 🇦🇺Honda Ridgeline Black Edition in Australia
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