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
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 Toyota Vios
Here are the terms enclosed in the 2020 Toyota Vios Balloon Payment Plus:
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Applicable Model
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||||
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Type of Financing
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TFS Finance Lease
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|||
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Down Payment
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20 – 30 percent of the vehicle price
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Terms
Lump-Sum Amount*
(% of the vehicle price)
*Subject to change
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24 months
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36 months
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48 months
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60 months
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45%
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40%
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35%
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30%
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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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Know more about Toyota Vios 2024
Competing in the subcompact sedan segment, the Toyota Vios 2023 is the top sales contributor for the Japanese automaker. The price for the Toyota Vios in the Philippines ranges from PHP 732,000 to PHP 1,055,000. A total of 7 Toyota Vios variants are offered, with the top-of-the-line Vios GR-S variant coming with a tag of PHP 1,055,000. Two engine options are available in the range, which can be connected to either a 5-speed manual or continuously variable transmission (CVT). Dimensions-wise, the subcompact sedan spans 4,425 mm in length, 1,730 mm in width, and 1,475 mm in height. The main rivals of the Toyota vehicle include the Honda City, Mitsubishi Mirage G4, and Nissan Almera.
The Toyota Vios is not only the best-selling model in the Japanese automaker's lineup, but the entire Philippine market. It serves as a reliable subcompact sedan for those who are looking for a daily driver. Also, the Vios is proudly Philippine-assembled which supports Filipino automotive workers. Now, the vehicle is competing in its respective class head high using the refreshed body released by Toyota Motor Philippines (TMP) in the country last 2020.
₱ 732,000 - ₱ 1,055,000
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