The decision to get a car is not one to be taken lightly. It requires years of planning and saving, as well as foresight that sees past the sticker price. After all, one must also consider taxes, registration, licensing fees, insurance, and fuel costs, among many other things—so the question of, "Can I afford this car?" is hardly ever a simple one.
That's why it helps to do your homework. Research goes a long way, and these days, all the info is readily available to anyone willing to look hard enough. To keep you on the right track, check out these money-saving tips that you may find handy:
Drive wisely to save fuel
Being mindful of your fuel consumption from the get-go can take you a long way. Start improving your car’s fuel economy by going easy on the accelerator. If possible, use the highest safe gear when driving to use less fuel. And when approaching traffic lights, slow down early on instead of abruptly hitting the brakes.
Invest in regular maintenance
Setting up a regular maintenance schedule early on can save you from costly repairs down the line. Besides, some breakdowns and engine issues are totally fortuitous, so best to take preventive measures. Doing so will also help maintain engine efficiency, prolonging your car’s overall health.
Know your car’s needs
Sure, you’ve done your research before sealing the deal for your dream car. But it also pays to check the manual and other helpful materials, even after your purchase. Are you using the correct engine oil? When should you have your first car checkup? Simple as they may seem, these questions matter. Paying close attention to what your car needs can save you from spending on the wrong fuel and equipment, which lead to costlier problems.
Choose the right financing option
Considering the recent economic downturn due to an unprecedented global pandemic, it's wise to think twice or thrice (or however many times it takes) before deciding on a car loan or financing arrangment. Weigh your options, study the terms, lay out the fees, and leave nothing to chance. These days, it's good to err on the safe side, because so much is up in the air, and risk is an even bigger inherent factor.
For those who are in the market for a Toyota, there's one particular new option that may help you decide.
The Toyota Balloon Payment Plus is a new finance product designed to make your Toyota experience affordable, with its light monthly payments. It also comes with worry-free periodic maintenance services throughout the finance term. Even better: there are guaranteed resale value options that help minimize risk from future depreciation of the vehicle.
If you’re ready to drive home your dream car using this flexible payment option, the first step is to settle the down payment that’s available with 20%, 25%, or 30% of the vehicle’s suggested retail price. You can then choose your finance term for 24, 36, 48, or 60 months. The next step is to pay your low monthly payments and visit your releasing Toyota dealer to avail of the periodic maintenance included in your loan.
Lastly, if you ever decide to end your loan term, you can either pay off the lump sum amount along with your monthly installment on your last due date, or trade-in your vehicle and repurchase a new one.
The participating models under the Toyota Balloon Payment Plus are Vios MC (all variants), Corolla Cross Hybrid, Toyota Hilux MC (Conquest, G, E, and J variants), and Toyota Fortuner MC (all variants).
Applying for this financing lease is also made easy and accessible to more people. Just submit a filled-out application form and one government-issued ID together with your proof of income.
Drop by any Toyota Certified Used Vehicles (TCUV) dealer to drive home your dream car with Toyota Balloon Payment Plus.