AUTOMAKER Toyota Motor Philippines has introduced its specialized financial plan for its new 2020 Vios as consumers’ priorities shift due to the Covid-19 pandemic.
Called the Vios Balloon Payment Plus Plan, the plan makes the monthly payment lighter with the lump sum amount to be paid 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 looks forward to better days ahead when this pandemic is over,” said Atsushi Murakami, president of Toyota Financial Services Philippines.
With the introduction of the 2020 Vios this July, Toyota also makes sure that the country’s best-selling sedan will be affordable to its customers with a new Balloon Payment Plus Plan.
Among all the models in Toyota’s line-up, only the Vios comes with a complete value package of flexible financing terms through Toyota Financial Services Philippines, 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 program.
The coronavirus pandemic brought many consumers to different financial challenges with previous luxuries having to be cut down, and monthly income needing to be wisely spent.
“Some customers are afraid to take the risk of the 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 the 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,” Murakami said.
The plan will be available for all 2020 Vios Variants starting July 27, 2020 through Toyota Financial Services.
The standard periodic maintenance for the whole term runs up to 20,000 kilometers per year.
Benefits of the plans include lower monthly payments compared to banks, worry-free maintenance with the maintenance cost included in the monthly payments, guaranteed future value and flexible disposal with trade-in or pay-off options. (JOB with PR)