Honda launches summer promo for BR-V, select models

Honda Cars Philippines, Inc. (HCPI) announced that it has recently launched promotions for select models that include the BR-V.

In a statement, the Japanese automaker’s local distributor said that it now has  Summer Drive with BR-V  and the Great Deals Under the Sun.

Under the Summer Drive with BR-V promo, HCPI, those who would like to buy a 2022 BR-V 1.5 S CVT may get them through the following deals:

• Promo discount of P60,000
• Special all-in down payment as low as P10,000
• Monthly amortization as low as P19,374

On top of the exciting offers for the month, the Summer Drive with BR-V promo will give BR-V buyers exclusive treats:

• Free one-year periodic maintenance Service (PMS) voucher which will be given to the customer upon the release of their unit. The offer is valid until May 31, 2022, but customers have until June 30, 2022 for their unit to be released to avail the PMS voucher.
• Up to 30-percent discount on BR-V accessories until May 31, 2022. Discounted parts are as follows:

Description	Suggested retail price without value added tax	Discount	Discounted retail price
Front lower garnish	P16,528.02	P4,958.41	P11,569.61
Rear lower garnish	P15,939.41	P4,781.82	P11,157.59
Exhaust pipe finisher	P982.14	P294.64	P687.50
16-inch Modulo Alloy wheels	P10,535.71	P3,160.71	P7,375
Side-step garnish cover	P3,214.29	P964.29	P2,250
Running board	P19,553.57	P5,866.07	P13,687.50
Cargo tray	P3,035.71	P910.71	P2,125

The Honda BR-V is equipped with a 1.5-liter i-VTEC engine matched to a Continuous Variable Transmission (CVT). The nameplate also received a five-star rating in the New Car Assessment Program for Southeast Asian Countries (ASEAN NCAP) Adult Occupancy Protection (AOP) category.

Meanwhile, the company is also dishing out cash discounts and flexible financing terms under the “Great Deals Under the Sun” promotion.

Below are the follow models and their respective discounts:

MODEL VARIANT	Suggested Retail Price	Promo Discount
2022 City 1.5 S CVT	P899,000	P30,000
2022 BR-V 1.5 S CVT	P1.048 million	P60,000
2022 Brio 1.2 V CVT	P680,000	P10,000
2022 CR-V S Diesel 9AT Honda SENSING (7-Seater)	P1.888 million	P30,000
2022 All-new City Hatchback 1.5 RS CVT	PHP 1.125 million	P20,000
2022 Accord 1.5 EL Turbo CVT Honda SENSING	P2.35 million	P60,000

Those who will opt for low all-in down payment or low monthly amortization may check the table below:

MODEL VARIANT	Suggested Retail Price	*Special and **Regular Low All-in Down payment for as low as	***Low Monthly Amortization for as low as
2022 City 1.5 S CVT	P899,000	*P10,000	P16,619
2022 BR-V 1.5 S CVT	P1.048 million	*P10,000	P19,374
2022 Brio 1.2 V CVT	P680,000	*P18,000	P12,571
2022 All-New Civic V Turbo Honda Sensing	P1.498 million	**P100,000	P27,692
2022 CR-V S Diesel 9AT Honda Sensing (seven-seater)	P1.888 million	**P99,000	P34,901
2022 All-new City Hatchback 1.5 RS CVT	P1.125 million	**P54,000	P20,797
2022 All-new HR-V V Turbo Honda Sensing	P1.598 million	P105,000	P29,541

HCPI shared that the computation for the special low all-in down payment is based on 10-percent down payment term while the regular low all-in down payment, on 15-percent down payment.

The low monthly amortization is computed on a 20-percent down payment at 60-month term.

Meanwhile, Honda’s local automotive arm created a special, all-in financing program applicable for 10-percent down payment with 36-60 months payment terms on select models:

BANK PARTNER	Special All-in Program	All-in Package	Down payment Percentage	Payment Term
Bank of Philippine Islands (BPI)	Special all-in down payment	- Free chattel mortgage - Free vehicle registration	10 percent	36-60 months
China Bank Savings
Bank of Commerce
Rizal Commercial Banking Corporation (RCBC)		- Free chattel mortgage - Free vehicle registration - Free insurance

Moreover, customers are also entitled to different financing offers such as low cash-out, low monthly amortization, free one month amortization at 15 percent, and 20-percent all-in down payment offers with the following bank partners:

Updated Bank Partner Matrix	All-in Program	All-in package	Down payment Percentage	Payment Term
RCBC	- Low Cash-Out - Low Monthly Amortization - Free One Month Amortization	- Free chattel mortgage - Free vehicle registration - Free insurance *	15 and 20 percent	36-60 months   *For Maybank, Free insurance available at 60 months payment term only
China Bank Savings
Banco de Oro			20 percent
Maybank*
Security Bank		- Free chattel mortgage - Free vehicle registration
BPI			15 and 20 percent
East West Bank
Bank of Commerce
Philippine National Bank
Philippine Savings Bank (PSBank)
Robinsons Bank

Customers may submit their bank loan applications online at www.hondaphil.com via the auto loan link page for select bank partners. The application is subject to the preferred bank’s approval.

Relatedly, HCPI reiterated that it has the Honda Sensing Insurance Partnership Program that gives preferential rates as low as P2,346 per month for comprehensive insurance to customers who will purchase Honda models equipped with the Honda Sensing.

HCPI's year-long partnership with AXA Philippines and BPI MS Insurance is until December 31, 2022.

Photos from Honda Cars Philippines, Inc.

Also read:

Honda Cars PH offers free one year periodic maintenance, cash discount on BR-V

Honda Cars PH, BPI offers special discounts on BR-V, City for December

Top 6 Reasons to Buy the Honda BR-V