In today’s time, buying a brand new car is relatively easier than ever with the new and attractive flexible payment schemes. Toyota Motor Philippines (TMP) is one of the car brands that continue to find ways to offer a more convenient car ownership experience.
Toyota Fortuner
With that being said, TMP launched its improved Balloon Payment Plus, a hassle-free financing option in partnership with Toyota Financial Services, which is available in all Toyota dealerships nationwide. It is redesigned to assist car buyers from start to finish to provide mobility for all.
There are three advantages under the Balloon Payment Plus, namely the lower monthly payments, prepaid periodic maintenance (PMM) service, and flexible end-of-loan term options.
Toyota Corolla Cross
Car buyers who will avail of the Balloon Payment Plus can benefit from as much as 28 percent lower monthly payments as compared to regular financing. Meanwhile, the improved financing option comes inclusive with stress-free car maintenance from the dealership where the vehicle is purchased.
Lastly, the flexible end-of-loan term options give the choice of whether a customer wants to keep the vehicle or replace it with other Toyota vehicles under the Balloon Payment Plus. These vehicles include the Corolla Cross, Fortuner, Hilux, Innova, and Rush.
Those who want to keep the vehicle after the loan term have to pay the lump sum amount that varies depending on the model and variant. On the other hand, customers who want to replace their vehicle can trade-in for a new one.
An easier car ownership experience is offered to all
Here is the complete list of payment schemes under the Balloon Payment Plus:
| Corolla Cross | ||||||||
| Type of Financing | Finance lease | |||||||
| Downpayment | 20 to 30 percent of the vehicle SRP | |||||||
| Model | Hybrid | G | ||||||
| Term | 24 mos. | 36 mos. | 48 mos. | 60 mos. | 24 mos. | 36 mos. | 48 mos. | 60 mos. |
| Lump Sum Amount (% from the vehicle price) | 55% | 42% | 33% | 30% | 61% | 48% | 39% | 36% |
| Fortuner | ||||
| Type of Financing | Finance lease | |||
| Downpayment | 20 to 30 percent of the vehicle SRP | |||
| Model | All variants | |||
| Term | 24 mos. | 36 mos. | 48 mos. | 60 mos. |
| Lump Sum Amount (% from the vehicle price) | 67% | 61% | 55% | 50% |
| Hilux | ||||
| Type of Financing | Finance lease | |||
| Downpayment | 20 to 30 percent of the vehicle SRP | |||
| Model | Conquest, G, E, J | |||
| Term | 24 mos. | 36 mos. | 48 mos. | 60 mos. |
| Lump Sum Amount (% from the vehicle price) | 68% | 63% | 58% | 52% |
| Innova | ||||
| Type of Financing | Finance lease | |||
| Downpayment | 20 to 30 percent of the vehicle SRP | |||
| Model | All variants | |||
| Term | 24 mos. | 36 mos. | 48 mos. | 60 mos. |
| Lump Sum Amount (% from the vehicle price) | 64% | 58% | 53% | 47% |
| Rush | ||||
| Type of Financing | Finance lease | |||
| Downpayment | 20 to 30 percent of the vehicle SRP | |||
| Model | All variants | |||
| Term | 24 mos. | 36 mos. | 48 mos. | 60 mos. |
| Lump Sum Amount (% from the vehicle price) | 65% | 59% | 52% | 45% |
Take note, all the said deals for the five Toyota vehicles come with a maximum mileage requirement (PMS) of 20,000 km/year. The standard periodic maintenance includes the following:
- Inclusive of free PMS of up to 60,000 km or three years
- Costs outside the regular PMS will be shouldered by the customers
- PMS beyond the mileage requirement will be paid by the customer
Discover more car deals by paying a visit at Philkotse.com.