'Balloon Payment Plus' lets dreams of easy Toyota ownership take flight

MANILA: Toyota Financial Services Philippines Corp. introduced the "Balloon Payment Plus" program, an affordable finance scheme that makes it easier to own a Toyota unit with low monthly payments and rewarding benefits.

Customers who will purchase a Toyota vehicle through the Balloon Payment Plus are eligible for periodic maintenance services for the entire finance term.

In order to avail this payment plan, customers will need to pay out an initial down payment which is 20 to 30% of the vehicle’s retail price. They will also get to choose the length of their finance term which can either be 24, 36, 48, or 60 months.

At the end of the term, the customer will be given two options: They can either use the guaranteed future value as the lump-sum payment which they will settle together with the last monthly installment, or they can trade in their current unit to purchase a new Toyota vehicle.

Toyota Philippines came up with this practical payment scheme to make it easier for the brand’s loyal consumers to upgrade their ride and experience its wide range of top-tier vehicles

Toyota’s Balloon Payment Plus can be used in purchasing any of the following Toyota vehicle models: Toyota Vios, Toyota Corolla Cross 1.8V Hybrid, Toyota Hilux (Conquest, G, E, and, J variants), and Toyota Fortuner.

Toyota Financial Services Philippines Corp. is administered by Bangko Sentral ng Pilipinas.

Images from Toyota Philippines

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