Following the launch of the latest Vios this month, Toyota Motor Philippines is offering a new Balloon Payment Plus Plan in making the country’s best-selling sedan more affordable to TMP’s valued customers.
Toyota Financial Services Philippines has allowed only the Vios, among all the models in the brand’s line-up, to have the complete value package of flexible financing terms including free one-year insurance through Toyota Insure, free periodic maintenance service up to 20,000 kilometers, and trade-in discounts with the Toyota Certified Used Vehicles (TCUV) Program.
Considering all challenges the COVID pandemic brought to Filipinos, safe transportation is very important, and most people are looking for an affordable mobility partner to avoid the public commute. TMP is aware of these issues and is now offering the 2020 Vios through a specific financial plan with lighter monthly payments and the lump sum payment at the end of the term.
“This plan will surely be helpful to most of our entry-level customers who suddenly find themselves tightening their belts now, but surely look forward to better days ahead when this pandemic is over,” explained Atsushi Murakami, Toyota Financial Services Philippine President.
“Some customers are afraid to take the risk of balloon scheme, as it is more commonly known, because they are not sure if they can pay the big amount at the end. But our Vios Balloon Payment Plus Plan is different. We reduce that risk for customers by guaranteeing the future value of their vehicle. This makes sure that customers have an option to trade-in the vehicle at the dealer, enjoy a better value for car to pay for the lump sum at the end of the term and also use the difference for the down payment of the next car purchase.”
2020 Toyota Vios Balloon Payment Plus Plan offers the following terms:
Model : Available for all 2020 Vios Variants starting July 27, 2020 through Toyota Financial Services
|Applicable Model||2020 Toyota Vios|
|Type of Financing||TFS Finance Lease|
|Down Payment||20 – 30 % of vehicle price|
Lump Sum Amount*
(% of the vehicle price)
*subject to change
Monthly payment inclusion:
Standard Periodic Maintenance for the entire 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 a 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 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. Murakami.
For more information about 2020 Vios Balloon Payment Plus Plan, visit www.toyotafinancial.ph or inquire at your Toyota Certified Used Vehicle dealers at www.toyota.com.ph/toyota-certified-used-vehicles.