South Africa’s banking and financial services sector is highly regarded because of a strong regulatory and legal framework. Because of this framework, many foreign banks and investment institutions have operations in South Africa. One firm worth mentioning and making a huge difference is Toyota Financial Services.
Leveraging on the well established Toyota brand,Toyota financial services was established to meet the growing demand for finance when it comes to motor vehicle purchasing. With extensive market knowledge and experience,Toyota financial services provides its products through installment finance and lease finance.
Installment finance allows you to buy your Toyota of choice by paying installments over an agreed period. Ownership will pass to you as soon as you’ve paid all amounts due under the agreement. Financing periods can be structured between 12 to 60 months, with or without a final balloon payment. Market-related interest rates apply, which may be linked to the prime lending rate or alternatively fixed, over the agreed finance period. There is no minimum deposit payable unless there is a change to the current legislation or to your credit profile. This type of agreement will suit you as an individual, a self-employed individual or if you’re a business-owner that would like to own the asset at the end of the agreement.
Lease finance gives you the right to use your Toyota of choice for an agreed period, during which time you pay monthly rentals. At the end of the term, ownership passes either absolutely or upon satisfaction of specific conditions. Financing periods can be structured between 12 to 60 months, with or without a final balloon payment. Market-related interest rates apply which may be linked to the prime lending rate or alternatively fixed, over the agreed finance period. There is no minimum deposit payable unless there is a change to the current legislation or to your credit profile. This type of agreement will suit you if you are using the asset to generate income; or receive a car allowance; or you want to claim the expense against tax; or you own a business.
Toyota financial services can be contacted on 0118099111.
