In June 2020, Toyota launched many finance schemes that were applicable to the company’s entire India line-up, except for the Vellfire.
Toyota Motors has introduced new finance schemes for July 2020 to increase access or provide impeccable service to its customers. These plans aim to make repayment of car loans more convenient and flexible for potential customers wishing to purchase Toyota's model. In India, many carmakers have launched their digital platforms or finance schemes to offer flawless service amid the novel coronavirus. However, one of these new schemes is only applicable to the BS-VI compliant Innova Crysta. Now, the vehicle is equipped with 2.7-liter BS-VI petrol and a 2.4-liter BS-VI diesel engine. The first scheme is Low EMI Scheme.
Customers can avail an EMI of at least US$ 132.62 for the first 3 months of the tenure and will be adjusted after 3 months. However, the scheme is only applicable to the Innova Crysta. The second is the EMI Holiday for 3 months. Now, customers can buy their desired car and can pay the first EMI after 3 months (90 days). Except for the Vellfire, the new scheme is applicable to the company’s entire India line-up. The third is the Assured Buyback scheme. The company plans to offer assured buyback for the Glanza hatchback and Yaris sedan to improve customer’s convenience.
Now, the Glanza and Yaris customers do not have to worry about resale value. Moreover, the company has introduced two new car service features for their customers to help maintain their cars. In June 2020, Toyota launched many finance schemes that were applicable to the company’s entire line-up, except for the Vellfire. In India, the company has six BS-VI compliant models such as Vellfire, Fortuner, Innova Crysta, Camry Hybrid, Yaris, and Glanza. Moreover, Toyota has re-launched the Yaris line-up and raised prices for the Vellfire and Camry Hybrid. The company is also planning to launch the new compact SUV named the Urban Cruise, which is expected to be launched by August 2020.