Toyota expands discount offer

MANILA, Philippines - Toyota Motor Philippines Corp. is offering special incentives for new vehicle purchases of typhoon-affected Toyota and non-Toyota owners. TMPC said it is offering discounts ranging from P25,000 to P62,000 for select Toyota models for purchases made from Oct. 1 to Nov. 30. 

“We have decided to open our special typhoon assistance to all those affected by the recent typhoons in Metro Manila and Luzon, including non-Toyota owners who are interested to replace their vehicles with select products in our line-up. We understand that many are still waiting for their vehicles to be repaired, or some have decided to just replace their vehicles due to the high cost of repair,” the company said in a statement.

There are two ways to avail of Toyota’s special incentive.With the Pay Cash scheme, customers with cash purchases will enjoy special discounts for the Vios, Innova, Yaris, Avanza, Hilux, Altis, Hiace, Fortuner, RAV4 and Camry.

With the Pay Low scheme, purchases made through Toyota Financial Services (TFS) Lease-to-Own scheme will enjoy payment terms ranging from 24 to 60 months, 10 to 30 percent cash out, and an all-in package including free one-year insurance with Acts of God coverage, LTO registration, and no chattel mortgage.

A 90-day payment holiday will also be enjoyed wherein the first monthly amortization will be settled by customers three months after vehicle release. Only those with vehicles flooded from seat level and above are eligible to participate.