Toyota launches EZ Value Plan: The best way to own a Toyota

KUALA LUMPUR:  Toyota Capital Malaysia (TCAPM), a subsidiary of Toyota Financial Services Corporation (TFSC), has introduced the EZ Value Plan, a new balloon financing option aimed at making Toyota car ownership more flexible and affordable for Malaysians.

Unlike a traditional hire-purchase loan, this 7-year financing scheme offers fixed, lower monthly payments, with a balloon payment due at the end of the loan term.

Photo from Toyota

Customers also have the option to trade in their vehicle for a newer model at participating dealerships when the loan ends.

Speaking about the initiative, Thomas Chai, President of Toyota Capital Malaysia, said, “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. Our objective is to offer a financing option that aligns with the requirements of our customers.”

He further explained, “EZ Value Plan provides customers with the freedom to enjoy a lower monthly commitment compared to a conventional 9-year 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.”

What the EZ Value Plan Offers:

• Lower Monthly Payments: Monthly commitments are reduced since a portion of the loan is deferred to the end of the tenure, making it easier for buyers to manage payments.
• Flexible End-of-Term Choices: Customers can choose to pay off the balloon payment to keep their car or trade it in for a newer Toyota model.

Currently available for the Toyota Vios, Yaris, and Corolla Cross, the EZ Value Plan can be applied for at all Toyota dealerships nationwide.

This financing option aims to cater to those looking for a practical way to manage their budgets while driving a Toyota.

Here’s a simple comparison table highlighting the differences between the EZ Value Plan and a traditional Hire Purchase loan to explain the advantages:

Feature	EZ Value Plan	Traditional Hire Purchase
Monthly Payments	Lower monthly payments due to deferred balloon payment.	Higher monthly payments as the entire loan is repaid evenly.
Loan Tenure	7 years (84 months).	Up to 9 years (108 months).
End-of-Term Options	Pay off the balloon payment or trade in the car for a new model.	Full ownership upon completion of all payments.
Flexibility	Offers flexibility to upgrade to a new Toyota at the end.	No upgrade options unless the owner sells the car independently.
Affordability	More affordable monthly commitments, ideal for tight budgets.	May require a higher monthly commitment, impacting affordability.
Ownership	Ownership is confirmed only if the balloon payment is settled.	Full ownership at the end of the loan term.
Eligibility Models	Limited to Vios, Yaris, and Corolla Cross (for now).	Applicable to most Toyota models.

 

For more details, visit Toyota Capital Malaysia's website.