Toyota Introduces New Finance Schemes For July 2020: Here Are All Details

Toyota Kirloskar Motors introduces new finance schemes for select models in the market. The new scheme includes Low monthly instalments, a guaranteed buy-back policy and a three-month moratorium.

Toyota New Finance Scheme Introduced For July 2020: Buy Back, Low EMI & Others

The offer schemes vary depending on the model and the trim level and are valid for purchase made during July 2020. The company aims to offer ease of ownership to own Toyota models during the current times of cash crush due to the ongoing crisis.

Toyota New Finance Scheme Introduced For July 2020: Buy Back, Low EMI & Others

Here are all details of Toyota's new finance schemes:

Assured Buyback:
Toyota is offering a guaranteed buyback policy of up to 55 per cent of the ex-showroom value on the Yaris and Glanza models. Customers owning wither of these models do not have to worry about depreciating value when it's time to sell the car. After the BS6 update, the Yaris and the Glanza are the brand's entry-level sedan and hatchback model, respectively.

Toyota New Finance Scheme Introduced For July 2020: Buy Back, Low EMI & Others

Low EMI Scheme:
Customers looking for a lower initial commitment while purchasing a new vehicle can opt for this scheme. Under the scheme, customers can avail a low EMI of Rs 9,999 for the first three months of the tenure. The remaining amount gets adjusted during the loan tenure. The company is currently offering the scheme only for Toyota Innova Crysta customers.

Toyota New Finance Scheme Introduced For July 2020: Buy Back, Low EMI & Others

EMI Moratorium:
Toyota is offering a three-month moratorium to its customers for purchases made during this month. With this scheme, customer can purchase their desired car now and start paying the EMIs for it after three months. This scheme is applicable on the entire Toyota's India line-up, except for the brand's flagship model, the Vellfire.

Toyota New Finance Scheme Introduced For July 2020: Buy Back, Low EMI & Others

In related news, Toyota has made some changes to the Yaris vehicle listing. The company has removed a total of three variants and the rest has seen an increase in its pricing. The price hike ranges between Rs 1,000 and Rs 1.68 lakh. After the price hike, the Toyota Yaris now retails between Rs 8.86 lakh and Rs 14.30 lakh, ex-showroom (Delhi) — here are more details.

Toyota New Finance Scheme Introduced For July 2020: Buy Back, Low EMI & Others

Thoughts About Toyota Introducing New Finance Schemes For July 2020

Toyota has introduced attractive finance scheme to help customers make a purchase decision during the current times of Covid-19 crisis. The company is further offering a purchase protection plan such as a three-month moratorium as well on select models. The new schemes also offer flexible repayment options as well.

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Read more on: #toyota
Article Published On: Tuesday, July 14, 2020, 13:40 [IST]
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