Cars in the Philippines are expensive, bar none.
The cost of a brand new automobile is often significantly higher than they are in other markets, especially when compared to the US. Importation costs, tariffs and all kinds of taxes make sure of that. But the asking prices for second hand automobiles can be (and are) quite ridiculous too, especially if you're looking at something that's still as desirable as a Honda Civic SiR (EK).
The SiR was the most exciting version of the sixth-generation Civic saloon (EK) ever offered in the Philippines at the time. With balanced handling for a front-wheel drive sedan, a 5-speed manual gearbox, and a 1.6-liter twin cam VTEC engine that loves to sing past 5500 rpm, the car is still every bit in demand long after its discontinuation in 2001. So much so that there are many examples being offered in the market for about PhP 380,000 today. Talk about beating inflation.
So why in the world are we looking at a 2000 Honda Civic SiR, pristine and clean as it may be, being put on the market for an asking price of PhP 2,450,000?
To put that price in perspective, the brand new 2018 Honda Civic Type R with almost double the power and well more than double the technology was sold brand new by Honda Cars Philippines for PhP 2,980,000.
Well, it seems that the owner is tossing in all the parts he/she had installed, and a vast majority of them are from M-TEC, otherwise known as Mugen.
This SiR comes with expensive and hard-to-find parts such as the MF8 wheels, spoiler, front and rear strut tower bars, rear view mirror cover, shift knob, pedals, gauges, the rather hard to find FG360 steering wheel and the expensive MS-R full bucket seats.
All of those are catalog items from Mugen are no longer in production.
The posting says that the B16A engine is stock (presumably the internals), but it does come adorned with Mugen accessories such as the valve cover, oil cap, and radiator cap, and comes fitted with a full Mugen exhaust from the extractor, mid-pipe, and the Twin-Loop muffler.
As for the non-Mugen parts, this SiR is fitted with an OEM front chin, Gruppe M air intake, Cusco coilovers, and brakes from Endless.
This SiR has clearly been cared for and meticulously built and curated with the good stuff, but will the sum of the aftermarket parts make it actually worth the asking price?