Let’s be honest here. For the most part, cars are a depreciating liability. The moment it rolls off the dealership, it’s already lost a chunk of its value. Depreciation doesn't care if you’re in love with the car. It will make its presence felt when it’s time to sell.

However, there are times when cars can appreciate or go even higher in value. It’s usually reserved for exotic brands like special or rare versions from Ferrari or Lamborghini. There are some instances, however, when a mainstream automaker builds something so special, it’s bound to sell for a lot of money.

Why is this Honda Civic Type R worth over PHP 6 million? image

Case in point, the Honda Civic Type R Mugen RR. A rare example of this performance sedan recently cropped up for sale at Torque GT in the UK. The asking price? £89,995 or around PHP 6.116 million. But what makes this Type R special?

For Honda fans, it’s one of the holy grails of the Type R family. There is also no doubt that its rarity plays a part in its (very) strong resale value. Honda only made 300 examples of the Mugen RR, and it was even said that it was sold out in less than a day it debuted. But that’s not the only reason why this Civic Type carries that price tag.

Why is this Honda Civic Type R worth over PHP 6 million? image

The Civic Type R Mugen RR is more than just a cosmetic package for the powerful sedan. The car when on an extensive diet by getting rid of some metal panels by swapping it put with carbon fiber. If that material couldn’t be used, they put in aluminum instead.

Why is this Honda Civic Type R worth over PHP 6 million? image

Then there are the power and handling upgrades. The standard Civic Type R at the time had an impressive 225 PS, but the RR bumped that up to 240 PS without the use of a turbocharger. The extra dose of power came courtesy of Mugen camshafts, exhaust system, ECU, and many more. To keep it glued to the road, it has a five-way adjustable suspension system.

Why is this Honda Civic Type R worth over PHP 6 million? image

But does the rarity and performance upgrades justify its price tag? Here’s the thing, for as long as there are die-hard Honda fans with deeps pockets willing to pay that price, we can expect the Mugen RR’s stock to get even higher.