For many Filipinos, owning a car isn’t just about transportation. It’s a milestone—proof of years of sacrifice, discipline, and hard work. But buying a vehicle is also one of the biggest financial decisions a household can make, and rushing into it can lead to higher costs and regret.
According to Marion Evangelista, a Registered Financial Planner (RFP), approaching a car purchase with the same discipline you use for investing is the smartest way to protect your money. In an interview with Financial Adviser PH, he explained:
“A car is more than a reward—it’s a long-term financial commitment. If you want the most value, you need to assess your needs, prioritize safety, and factor in the costs of ownership before you sign anything.”
Here’s his checklist for Filipino families preparing to buy their dream car.
Step 1: Start With a Needs Assessment
The first question Evangelista asks his clients is simple: who will use the car, and where will it go?
“In Metro Manila, most cars carry just one or two passengers daily. But if you have extended family members or pets traveling with you, you’ll need more seats and luggage space,” he explained. Multi-purpose vehicles or small seven-seater SUVs often make more sense for larger households.
He also highlighted the importance of terrain. “If you’re traveling to provinces or construction sites, a 4-wheel drive may be necessary. It costs more upfront, but it saves you from costly breakdowns later,” he said.
Step 2: Focus on Features That Add Value
Car dealerships often tempt buyers with bells and whistles—fancy wheels, skirts, and spoilers. Evangelista warns that these features don’t always add value.
“Go for features that prioritize safety and convenience. Reverse cameras, parking sensors, and fog lamps are worth it. But cosmetic upgrades can inflate the price without improving safety or comfort,” he explained.
On the inside, modern conveniences like Apple CarPlay or Android Auto, USB ports, and wireless chargers can reduce stress during long commutes. “If you’re stuck in EDSA traffic daily, these little comforts matter,” Evangelista said.
Step 3: Consider Luggage Space and Comfort
Evangelista advises prospective buyers to physically visit showrooms to test luggage space. “Photos don’t tell the whole story. If you travel often, a cramped cargo area will become a constant source of frustration,” he said.
He also pointed out that families should check for basics like bottle holders, rear air vents, and child-friendly features. “Comfort is part of value. If your kids are restless during trips, no amount of leather trim will make the car worth it,” he added.
Step 4: Look Beyond the Sticker Price
One of the biggest mistakes buyers make is focusing only on the selling price. Evangelista stresses the importance of calculating operating costs.
“Fuel efficiency depends on engine size, load, and driving habits. A 1.0-liter engine may seem efficient, but if it regularly carries five adults and cargo, it will struggle and consume more fuel,” he explained.
Maintenance costs also add up. “Some brands are harder to service or have limited spare parts. That means longer waiting times and higher repair bills,” Evangelista said.
Step 5: Evaluate After-Sales Service
Buying a car is not a one-time transaction—it’s the start of a long-term relationship with a brand.
“Visit the dealership and observe their customer service. Are the staff approachable and professional? Do they have an accessible service center near your home or office? These matter more than flashy ads,” Evangelista said.
He also emphasized choosing a dealership with reliable parts availability. “A cheap car becomes expensive when parts are hard to find,” he warned.
Step 6: Shop Around and Compare
Finally, Evangelista encourages buyers to visit multiple brands and dealers before deciding. “Don’t fall in love with just one design. Compare offers, check financing options, and negotiate extras like free servicing or accessories,” he advised.
Final Takeaway
For Evangelista, buying a car is both a financial and lifestyle decision.
“Your dream car should fit your family’s needs, protect your finances, and provide long-term comfort. If you follow a checklist instead of rushing, you’ll get a vehicle that feels like a reward—not a burden,” he told Financial Adviser PH.
At the end of the day, a car can be more than a symbol of success—it can also be a smart investment in your family’s daily life, provided you buy it with both your heart and your head.
