In case you missed it, Toyota Motor Philippines already started accepting early reservations for the all-new Toyota Tamaraw back in August, and it also shared the various financing schemes available to buyers via Toyota Financial Services (TFS).
Now that the vehicle has been launched, let’s run through the financing options again.
The ‘Kabuhayan on Wheels Financing Program’ covers the Toyota Tamaraw purchasing options offered by TFS. The first two financing schemes in the program are quite typical: low down payment and longer loan term (aka low monthly payment). Compared with regular financing deals, however, TFS requires a low down payment of just 10% for the Tamaraw under the first scheme (versus the usual 15%), and extends the term to a maximum of 84 months or seven years under the second scheme (versus the usual 60 months or five years).
OTHER STORIES YOU MIGHT HAVE MISSED:
The facelifted Honda Civic has made its ASEAN premiere
Ford has (yet another) new Ranger variant coming soon
There’s a third option that we don’t normally see: a weekly payment plan. It works exactly as stated, with the buyer required to make a single payment in the first month, then weekly payments beginning the second month until the loan is fully paid off. According to Toyota, it’s for buyers who want to manage their cash flow more closely.
There’s also a sample computation provided in the brochure. The table shows a required payment of P18,134 for the first month, then weekly payments of P4,533.50 beginning the second month—but, let’s not take that at face value.
“Computation is for illustration purposes only and subject to change without prior notice,” the disclaimer reads. “Final offer will be provided by Toyota dealers.”
For all we know, the initial and weekly payments stated above could be completely random. The available information also doesn’t say the maximum term for the weekly payment scheme.
More details about the Toyota Tamaraw are sure to come out in the coming weeks. In the meantime, if you’re seriously considering buying one via financing, what do you think about the purchasing options from Toyota Financial Services?
