Thinking outside the box has always been a true Toyota strength and now with Balloon Payment Plus, you can be driving a brand new car via a rewarding decision that reaps value through and through. Best part: you can stay on course that can allow you to bring a brand new car home time and time again.

Balloon Payment Plus — offered by Toyota Financial Services Philippines Corp. which is supervised by the Bangko Sentral ng Pilipinas ([email protected])—is a finance lease product that makes your Toyota experience affordable with low monthly payments.  This product is also top quality as it comes with built-in periodic maintenance throughout the finance term, and with convenient end of term options.

That’s the overview, but let us get down to the nitty-gritty.

Let’s key in on these terms: “trade-in with lower cost and repurchase.” Meaning: you can positively repurchase a new vehicle as you trade-in your current car on the program.

Picture this: you’re at the tail-end of your payment term. You’ve been using the car for quite some time now, but let’s also say that there’s a latest Toyota model that has caught your eye. Well, you can make that transition easily thanks to the guaranteed future value of your current car that the Balloon Payment Plus has afforded you. You can use the guaranteed future value as lump sum payment. Should there be an amount remaining, you can use said portion to apply for your next brand new car. 

And before you conclude Balloon Payment Plus’ benefit can be felt only at the end of your financing term, allow us this rebuttal. An obvious, glaring advantage: your low monthly payments are packaged with periodic maintenance. It’s common knowledge that as a vehicle ages, maintenance costs tend to go up. As you make your light monthly payments, you receive trusted dealership-service upkeep on your car periodically. And, here’s the unmitigated truth: you’re more than cool and confident each time you hit the road because your vehicle is in tip-top shape. That’s definitely one-less worry when you have to fulfill tasks and go places. 

So, let us paint you a pretty picture: you landed on the Toyota Vios. Down payment is between 20 to 30 percent of the vehicle price. Say, you go for a 24-month finance term, you’ll be looking at 45 percent lump sum amount of the vehicle price and a guaranteed resale value at 55 percent. Your assured resale price and flexible financing options can be realized in one of two routes. Option A is paying-off the lump sum amount together with the monthly installment indicated on your last due date official receipt. Or go for Option B which is trading-in your vehicle and effectively purchasing a new Toyota vehicle.

With Balloon Payment Plus, you can update your (and your loved ones’) car every few years and experience all the exciting trappings that come with it. The new car smell, the latest car technologies, the smoothest rides, the newest looks—all can be yours sooner rather than later. So, whether it’s finally going for an upgrade or even getting your dream car—rest assured— avenues are made available and attainable for you.

No matter how you look at it, Balloon Payment Plus affords you more than enough room to commit and complete your purchase. Upfront, you’re given a snapshot of where and how your investment is going over time. Throughout the term, your car is professionally maintained, a deal you’d be hard pressed to find anywhere else. If getting to drive a brand-new car indeed has its benefits, then driving a brand-new car via Balloon Payment Plus is beneficial in every form and fashion.