Toyota PH to offer financing, trade-in deals to Grab drivers

The result of a deal made earlier this year.
by Jason Tulio | Oct 15, 2018
PHOTO: Toyota Motor Philippines

A few months ago, Singapore-based ride-hailing company Grab announced that it had entered into a partnership with Toyota—and it was literally a big deal. The Japanese carmaker agreed to invest $1 billion in the company. You can read all about that here.

Now, Toyota Motor Philippines (TMP) has announced that the partnership deal with Grab will extend to our shores. In particular, the partnership will also involve Toyota Financial Services Philippines (TFSPH).

The agreement, TMP says, will open up "excellent opportunities for Grab driver-partners to serve the Filipino community better." Soon, Toyota will offer car replacement and ownership packages to existing Grab drivers. This includes flexible TFSPH financing plans, trade-in offers, and a maintenance package up to 80,000km. They can also avail of discounts on detailing, aircon cleaning, and battery replacement. Grab drivers will be notified via the app once these offers are available.

This sounds like a win-win for our local Grab drivers, especially considering the fact that a lot of the units operating right now are Toyotas. And with the financing options available, we might be seeing even more Vios sedans and Avanzas plying the roads soon. 

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PHOTO: Toyota Motor Philippines
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