Guides & Tips
Car Reservation Fee Philippines: What to Know
By Richard Cuagdan, Mitsubishi Sales Executive ·
Quick answer: A car reservation fee in the Philippines holds a specific unit or color while your loan or payment is processed. Before paying, ask how much it is, how it's applied to your purchase, whether and when it's refundable, how long the hold lasts, and always get an official receipt. Message Richard for the current terms.
Asked to pay a car reservation fee in the Philippines? Here's what it is, when it makes sense, and what to get in writing before you pay.
What a reservation fee does
- Holds a specific unit, variant or color for you
- Lets the dealer process your application with the unit set aside
- Shows you're a serious buyer when stock is limited
Before you pay, ask these
How much, and for which unit?
Variant and color on the receipt.
How is it applied?
Is it deducted from your down payment or charges?
Is it refundable?
Under which conditions, for example if the bank declines.
How long is the hold?
What happens after that period.
Official receipt
Always get an official receipt from the dealership.
When to reserve
- You've test driven and decided on the unit
- The monthly fits your budget (see the Zero DP list)
- Your documents are ready (see approval tips)
For the current reservation amount and terms for your unit, message me for the latest. After approval, prepare for release day.
Related reading
- Car Insurance Philippines: CTPL vs Comprehensive
- Car Financing SJDM, San Jose del Monte Bulacan: Low DP Guide
- OFW Car Loan Requirements for a Mitsubishi (2026 Checklist)
Your next step
Ready to reserve? Check your budget, test drive, then call or text me for the current terms.
Check what fits my budget Book a Test Drive Call or text 0954 291 1201
Questions muna? Call or text me, Richard, on 0954 291 1201, walang pressure. Richard Cuagdan, Mitsubishi SJDM, serving SJDM, Bulacan and Quezon City; message me for showroom visits and directions. Promo figures are for October 2026 on a 5-year term, all-in, subject to bank approval and change without notice.
Frequently asked questions
What is a car reservation fee?
An amount paid to hold a unit or color for you while your loan is processed or payment is arranged.
Is a car reservation fee refundable?
It depends on the dealer's terms and the reason for cancellation. Ask for the refund terms in writing before paying.
How much is the reservation fee?
It varies. Message Richard for the current amount and terms for your unit.
Is the reservation fee deducted from the price?
Ask how it's applied to your purchase and get it on the receipt.