Toyota PH launches ‘Balloon Payment Plus’ financing program

Toyota Motor Philippines (TMP) introduces its newest financing program designed to provide Toyota owners with lower and flexible monthly payment options with hassle-free prepaid periodic maintenance services through the “Balloon Payment Plus.”

Balloon Payment Plus is a refreshed financing solution made exclusively for TMP by Toyota Financial Services Philippines. Under the financing program, customers can enjoy up to 28 percent lower monthly payments compared to the average financing option.

According to TMP, customers can get started with a 20 percent downpayment. Next, approved applicants can choose a payment term that suits them best. Under the Balloon Payment Plus, customers can choose to pay for their selected Toyota vehicle in 24, 36, 48, or 60 months.

The last payment, including the remaining lump sum amount, can be settled after the selected term. Customers can also opt to get a new vehicle after the selected payment term by trading in their vehicle and by using their remaining balance as a downpayment for their new Toyota.

Check out the sample computation provided by TMP below.

TMP’s Balloon Payment Plus covers a wide range of vehicles that the company currently has in the local lineup: Toyota’s best-selling Fortuner SUV, the powerful Hilux pickup truck, the compact Corolla Cross and the Toyota Rush crossovers, and the Toyota Innova MPV.

The Balloon Payment Plus also comes with a prepaid periodic maintenance service that provides owners a stress-free and top-class periodic maintenance service from the dealership where the car was purchased.

We all know that as the car ages, the costs of maintaining the vehicle also increases. This makes the Balloon Payment Plus a suitable program for both new and experienced car owners alike.

Interested customers can contact their nearest Toyota dealership for more information about TMP’s newest financing scheme.

Photos from Toyota

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