Some of us stick with our cars for a really long time maybe due to sentimental value or some other personal reasons. Meanwhile, others like to switch from one car to another every so often as this avoids long-term maintenance requirements for vehicles and probably because they love that new car smell. Who doesn’t, right?
If you find yourself sharing sentiments of the latter, Toyota Motor Philippines (TMP) is offering its Balloon Payment Plus to get you a step closer to your dream car, not just today, but also in the future.
According to the company, its Balloon Payment Plus is a finance lease product that makes your Toyota experience affordable with low monthly payments. With it comes periodic maintenance throughout the finance term and special end of term options.
In a nutshell, you can basically repurchase a new vehicle as you trade-in your current car. To achieve this, you first have to choose a vehicle available in the program, pay the initial downpayment of 20%, 25%, or 30% of that vehicle’s SRP, and choose your finance term from 24 months all the way to 60 months.
A guaranteed future value of the vehicle is then given to you depending on the duration of payment you chose together with free maintenance visits or PMS. After paying your light monthly dues and towards the end of the term, you then have the option to either use the guaranteed future value as the lump sum payment for the last monthly installment or trade-in your current unit for a new Toyota vehicle.
Vehicles included in for this setup are the Vios, Corolla Cross, Hilux Conquest, G, E, and J variants, and the Fortuner. For more information, visit Toyota’s dedicated page where you can break down the costing of your desired terms.