Here's how Toyota PH's new Balloon Payment Plus works for 2020 Vios

Updated Aug 07, 2020 | Same topic: Automotive Industry Updates
This could be your head start in owning the new Vios.

Toyota Financial Services Philippines (TFSPH) has come up with another way to provide excellent customer service during these trying times by launching a new Balloon Payment Plus for the 2020 Toyota Vios.

The 2020 Toyota Vios is the only model in the current Toyota lineup that comes with a complete value package of flexible terms through TFSPH.

>>> Related: Facelifted 2020 Toyota Vios debuts: Level up the bestseller

Balloon Payment Plus available for the 2020 Toyota Vios ad

Balloon Payment Plus available for the 2020 Toyota Vios

The package includes free periodic maintenance service up to 20,000 kilometers, free one-year insurance through Toyota Insure, as well as trade-in discounts with the Toyota Certified Used Vehicles (TCUV) program.

The Balloon Payment Plus was first announced by Toyota Motor Philippines (TMP) during the virtual launch of the Toyota Vios. The said payment plan is introduced by TMP as its way of making vehicle ownership possible especially during the time of the COVID-19 pandemic.  

As such, TFSPH President Atsushi Murakami reassured customers that the new Balloon Payment Plus for the 2020 Vios is different from the usual payment schemes. He added that the new Balloon Payment Plus will make the monthly payment lighter, as well as the lump sum amount to be paid at the end of the term.

>>> Related: 2020 Toyota Vios available via leasing, flexible payment plan with PMS

The new 2020 Toyota Vios

The new 2020 Toyota Vios

Here are the terms enclosed in the 2020 Toyota Vios Balloon Payment Plus:

Applicable Model
Type of Financing
 TFS Finance Lease
Down Payment
 20 – 30 percent of the vehicle price
Terms
Lump-Sum Amount*
 (% of the vehicle price)
*Subject to change
24 months
36 months
48 months
60 months
45%
40%
35%
30%

Monthly payment inclusion:

  • Standard Periodic Maintenance for the whole term up to 20,000 kilometers per year.

TFS Balloon Payment Plus Benefits:

  • Lower monthly payments compared to other banks
  • Worry Free maintenance with the maintenance cost included in the monthly payments
  • Guaranteed future value
  • Flexible disposal with trade-in or pay-off options

“Because the Balloon Payment Plus is offered by Toyota Financial Services Philippines through Toyota Certified Used Vehicles (TCUV) Dealers and not just any bank or any used car shop, we ensure that vehicles are always in good condition, thus keeping a high resale value. Our monthly plans, while already lower than traditional auto loans, also includes the periodic maintenance of the vehicle for the whole loan term, we think this is a good option for customers who really need to manage their monthly expenses during this tough time,” concluded Mr. Mukari

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Author

Rex Sanchez

Rex found his passion for cars at a young age. He loves anything with an engine – which includes cars and planes. Right now, he is pleased to impart that passion for cars to a professional level under Philkotse.