Toyota introduces buyback, finance schemes for its India line-up

The schemes are aimed towards encouraging customers to buy cars right now; they are applicable to all Toyota models, except for the Vellfire MPV.

Published On Jun 12, 2020 06:55:00 PM

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Toyota introduces buyback, finance schemes for its India line-up

The schemes are designed to provide customers added flexibility in repayment of car loans
Three of the schemes are available on all Toyota models, except the Vellfire
The Assure buyback is only available for the Yaris and Glanza

In a bid to increase accessibility to its range of cars for its customers, Toyota Kirloskar Motor (TKM) has introduced a number of new finance schemes. These schemes make the repayment of car loans more flexible and convenient, benefitting potential customers looking to buy a Toyota car now.

TKM’s new finance schemes include the following:

EMI Holiday for 3 months – With this scheme, customer can purchase their desired car now and begin paying the EMIs for it after 90 days. This scheme is applicable on Toyota’s entire India line-up, except for the Vellfire.

Zero Down Payment Scheme – Under this scheme, customers can finance up to 100 percent of the on-road cost of any Toyota car, negating the need for any down payment. This would benefit anyone who doesn’t want to invest large amounts of money at one go in purchasing a car right now. As with the previous scheme, this too is available on all Toyota models, apart from the Vellfire.

Low EMI Scheme – Customers can avail EMIs as low as Rs 899 per Rs 1 lakh of the loan amount for the first six months of the tenure. The EMI gets adjusted after that period for the rest of the tenure. This scheme is also available on all Toyota offerings, barring the Vellfire.

Assured Buyback – In order to improve customer confidence, Toyota is offering an assured buyback plan for the Yaris sedan and Glanza hatchback. With this, Yaris and Glanza customers don’t have to be concerned about losing resale value, when it’s time to sell the car.

The carmaker has recently also introduced two new car service features, to further benefit its customers in maintaining their cars. Toyota’s current Indian line-up consists of the five BS6 compliant models – Glanza, Yaris, Camry Hybrid, Innova Crysta, Fortuner and Vellfire.

Toyota is also working towards launching the new Urban Cruise compact SUV, which is based on the Maruti Suzuki Vitara Brezza, by August this year.

Also see:

Refreshed Toyota Land Cruiser 200: first images surface online

Toyota hikes prices from June 1, 2020

Toyota Kirloskar Motor reports sales of 1,639 units in May 2020