Toyota Offering Installment Plan for Its Cars

Toyota Offering Installment Plan for Its Cars

Exciting news for those eyeing a Toyota but lacking the full upfront payment. Toyota is now offering installment plans for its cars. However, this installment plan is being offered in collaboration with Bank Al Habib. Eager to learn more? Let’s see the details!

Toyota Installment Plan

Toyota’s Facebook announcement unveils an enticing installment plan for its cars. While specific details regarding monthly installments and down payments are yet to be disclosed, several benefits are highlighted below:

  • Competitive mark-up rate tied to 1 Year KIBOR + 2.5%
  • Low insurance rate set at 1.9%
  • Inclusion of Toyota Protection Plan
  • Complimentary 4th year extended warranty
  • Priority delivery
Photo Credits: Toyota Pakistan’s Facebook Page
  • Terms and Conditions Apply
  • Only for TPP Customers of Corolla under this scheme
  • On select Variants while stocks last

Don’t miss out! This exclusive promotion is set to conclude on June 30, 2024, as confirmed by Toyota. Secure your spot now! And if you’re in the market for cars on installments, OLX offers a wide range of options to explore. 

Photo Credits: Toyota Pakistan’s Facebook Page

You may also like: Toyota Cars’ Prices in Pakistan

Leasing Vs Financing

In Pakistan, there’s often confusion between leasing and financing, though they’re quite different. Understanding these distinctions is crucial for picking the option that best fits your budget. Want to see the differences? Click here to learn more about Leasing vs. Financing a Car.

Why This Installment Plan?

You might be curious about why Toyota has introduced an installment plan with the 2024-25 budget looming. Well, it appears to be a response to Toyota’s declining sales. The company has experienced a two-month consecutive decline in sales, which is indicative of broader challenges faced by the automotive industry. Last year was particularly tough for automobile companies, with significant drops noted in 2023.

In a bid to revitalize sales, we’ve witnessed price reductions from the companies like KIA, Suzuki, Peugeot, and even JW Forland. Instead of following suit with price cuts, Toyota has opted for this installment plan. It’ll be intriguing to observe how customers respond to this initiative and whether it successfully uplifts the company’s sales.

Would you buy a Toyota car on installments now? Tell us in the comment section below.

Leave a Reply

Your email address will not be published. Required fields are marked *