Toyota Balloon Payment Plus makes car ownership easy
TOYOTA levels up on making its vehicles more easily accessible. The Balloon Payment Plus, offered by the Toyota Financial Services Philippines Corp., enables low monthly payments and comes with built-in periodic maintenance throughout the finance term, and with convenient end-of-term options.
Supervised by the Bangko Sentral ng Pilipinas, the finance lease product allows customers to repurchase a new vehicle as they trade-in their current car in the program. “Picture this: You’re at the tail end of your payment term. You’ve been using the car for quite some time now, but let’s also say that there’s a latest Toyota model that has caught your eye. Well, you can make that transition easily thanks to the guaranteed future value of your current car that the Balloon Payment Plus has afforded you. You can use the guaranteed future value as lump-sum payment. Should there be an amount remaining, you can use said portion to apply for your next brand-new car,” said the company in a release.
The Toyota Vios is given as an example. “Down payment is between 20% to 30% of the vehicle price. Say, you go for a 24-month finance term, you’ll be looking at 45% lump-sum amount of the vehicle price and a guaranteed resale value at 55%. Your assured resale price and flexible financing options can be realized in one of two routes: Option A is paying off the lump-sum amount together with the monthly installment indicated on your last due date official receipt. Or go for Option B, which is trading in your vehicle and effectively purchasing a new Toyota vehicle,” continued the release. Balloon Payment Plus thus enables customers to update their car every few years.
Available for the Balloon Payment Plus are all Toyota Vios variants; Corolla Cross 1.8V Hybrid; Toyota Hilux (MC) Conquest, G, E, and J variants; and all Toyota Fortuner (MC) trims.
For more information, go to www.toyota.com.ph/balloon-payment-plus. For final quotation, contacting any Toyota dealer or inquiring with Toyota Financial Services Customer Care Hotline 02-7757-8500, e-mail at feedback@toyotafinancial.ph is advised. Visit their website at www.toyotafinancial.ph. Drop by Toyota’s authorized TCUV dealerships (list is provided at www.toyota.com.ph/tcuv).
