The Power of Purchasing a Toyota: Why You Shouldn’t Pay Upfront, Even With a Healthy Bank Balance

Affordability Meets Flexibility: The Smart Choice for Car Ownership

For long-term stock investor Quoc Bao from Dong Da, Hanoi, the decision to purchase a car was not just about the upfront cost. With his financial acumen, he shares that while he could afford to buy his dream car, a Toyota Camry, outright, he chose to explore financing options. “By opting for a loan, I can leverage my money to not only enjoy the car but also continue investing and growing my wealth,” he explains.

Mai Trang, Sales Manager at a Toyota showroom in Hanoi, confirms this trend: “We’re seeing an increasing number of customers choosing financing plans, and interestingly, many of them have the financial means to pay in full but opt for installments instead.”

This shift towards financing a Toyota vehicle is not just about convenience; it’s a financially savvy move. By preserving capital, customers can navigate unexpected expenses and seize investment opportunities. It’s the perfect balance between fulfilling the dream of car ownership and maintaining financial stability.

Leveraging Financial Strategies to Optimize Your Car Purchase

A popular choice among Toyota customers is the “cash flow-oriented” loan packages offered by Toyota Financial Services Vietnam (TFSVN), specifically the 50/50 and 50/50 Plus plans.

These packages offer a flexible structure with two payment periods, spanning up to 24 months. The initial payment covers 40% of the car’s value, with the remaining balance due at the end of the term. Interest is either paid at the end of the term (for 50/50) or every six months (for 50/50 Plus). This alleviates the pressure of monthly installments, giving customers freedom over their capital.

Additionally, TFSVN offers a fixed interest rate throughout the loan term (if paid after 6 months for 50/50) or for the first 12 months (for 50/50 Plus). Customers also benefit from waived early repayment fees after 6 months for the 50/50 plan and 12 months for the 50/50 Plus plan.

The 50/50 and 50/50 Plus loan packages offer customers a smart way to own a car and manage their finances effectively.

For entrepreneur and beauty salon owner, Quynh Hoa, from District 7, Ho Chi Minh City, the 50/50 plan was the perfect fit. “As a business owner, I need to keep my capital fluid, especially with young children and their education to consider,” she shares. With this plan, she only needed to pay 40% upfront, allowing her to allocate the remaining funds to other business ventures. The fixed interest rate of just 5.99% per year for Toyota’s Hybrid line, amounting to approximately 22 million VND in interest for the year, payable at the end of the term, was a huge advantage. Her projected earnings from her business investments far outweighed this amount, and she also avoided any additional fees during the loan application process with TFSVN.

“Our loan packages are designed to empower customers to make smart financial choices,” says a TFSVN representative. “By choosing the 50/50 or 50/50 Plus plans, they can enjoy the convenience of car ownership while optimizing their capital for investment opportunities, ultimately achieving a comfortable and financially secure lifestyle.”