Overview
The struggle to improve car sales is real. Automakers offer back-to-back promotions and easy payment plans to engage customers with sales. Due to the inflation strictness car sales cascade with huge loss. Toyota announced the Corolla and Yaris installment plan to show buyers an easy way to pay for a car. This is basically a trick to engage customers. Automakers required help to improve car sales which has not shown a positive response for a long time.
Toyota Corolla and Yaris are the best-selling cars in Pakistan. due to the huge decline in these two models, sales Toyota set up an installment plan that looks suitable to buy and pay in easy installments.
Installment Plan Terms and Conditions
Toyota announced a terms and conditions plan for the new Corolla and Yaris installment. Customers must follow the plan to justify an installment and get easy payment access.
- Special monthly rental discount
- Takaful Rate applied at 1.4%
- 4th year basic warranty extended
- Delivery within 10 working days
- Toyota protection plan
- 50% waiver in processing fee
- 50% waiver in early termination charges for those cars Ijarah customers who intend to terminate existing car Ijarah to opt vehicle from proposed MBL IMC joint campaign
Toyota Finance Plan with Faysal Bank
There are two finance plans available for customers to choose which one is most suitable. Toyota partnered with Faysal Bank and offered an installment plan for its most popular model Corolla and Yaris.
- Discounted profit rate
- Takaful rate @1.5%
- Delivery at priority within 10 working days
- 50% waived in processing fee
Conclusion
These plans show the reflection of ongoing economic challenges car makers face. These economic crises made them create sale with different promotions. This is the first time in Pakistan’s car industry and overall business experienced a major decline phase. IMC trying to boost its sales which is necessary to stand in the market. meanwhile, the challenges create trouble in the way of their new entrees like the Corolla Cross hybrid launch.
