Toyota Malaysia Debuts New EZ Value Plan Balloon Car Financing
The Toyota Capital Malaysia EZ Value Plan is now available for the Vios, Yaris and Corolla Cross.
Toyota Capital Malaysia Sdn. Bhd. (TCAPM) has recently launched locally a new balloon car financing product, dubbed EZ Value Plan.
This new car financing scheme is said to be designed to give Toyota customers a flexible and affordable way to purchase their new car. The models that are currently covered by this new plan includes the Vios, Yaris, and Corolla Cross.
The EZ Value Plan is a 7-year financing plan based on an affordable fixed monthly payment followed by a balloon amount at the end of the loan tenure (84th month). The key benefits of touted by Toyota with regards to this financing scheme include:
- Lower Monthly Payments: As a portion of the payment is deferred to the end, the monthly payments will be lower making the car more affordable throughout the loan tenure.
- Flexible End-of-Term Options: At the end of the term, customers can choose to settle the balloon payment to own the car, or trade in their car for a new Toyota car.
“With the introduction of our EZ Value Plan, we are enhancing the affordability of Toyota car ownership and providing our customers with a range of flexible ownership options.” said Thomas Chai, President of Toyota Capital Malaysia.
“Our objective is to offer a financing option that aligns with the requirements of our customers. EZ Value Plan provides customers with the freedom to enjoy a lower monthly commitment, as compared to a conventional 9 years hire-purchase loan. At the end of the financing term, customers have the flexibility to either settle the loan or trade-in their vehicle for a newer model at any participating dealers. “added Thomas Chai.
TCAPM is a subsidiary of Toyota Financial Services Corporation (TFSC) who specialise in various financing and leasing products for Toyota & Lexus cars. Customers can easily apply for the loan via all Toyota dealer outlets nationwide.