SINGAPORE 9 July 2020 - Borneo Motors Singapore announces their partnership with Toyota Financial Services Singapore (TFSSG), offering buyers of Toyota and Lexus vehicles added loan and financing flexibility.
Following its success in other key markets, TFSSG’s services are now available here, leveraging on its global expertise with the automotive finance industry. Toyota and Lexus buyers will now be able to access a range of flexible and convenient financial and mobility solutions provided by TFSSG, such as instant and hassle-free credit approval, attractive ‘Zero down payment’ leasing scheme, and more.
The availability of the hire purchasing financing option allows customers to get behind the wheel of their dream car sooner rather than later with fast credit approval - almost instantaneously once a salesperson keys in their retail order. There will be no impact to one’s Total Debt Servicing Ratio (TDSR), and with fixed monthly payments presented upfront, this will give customers complete transparency throughout their vehicle purchasing journey.
Zero Down Payment Leasing Scheme
A ‘Zero down payment’ leasing scheme will be made available for Toyota and Lexus vehicle buyers, allowing them to experience the thrill of driving without having to worry about the high down payment and Certificate of Entitlement (COE) fluctuation.
Introduction of TFSSG Financial Calculator
With the introduction of TFSSG financial calculator embedded into the respective Toyota and Lexus’s financial services sites, customers will be able to do credit checks anytime, at the comfort of their homes. This hassle-free tool aims to improve the overall customer experience, allowing customers to check if they are eligible to get an approved loan to purchase their dream Toyota or Lexus, while also allowing a dedicated salesperson to follow up with the customer on the sales seamlessly.
“Here at Borneo Motors, our customers sit at the core of our business,” says Jasmmine Wong, CEO, Inchcape Greater China and Singapore. “We are constantly innovating and looking for new ways to provide them with a hassle-free, seamless, online and offline experience - from product discovery, to making a purchase, to after-sales care. Our partnership with Toyota Financial Services forms the latest addition to our suite of end-to-end customer solutions.”
In commemoration of their launch, all brand-new Toyota and Lexus models will be made available with an attractive 1.88% interest rate for a limited period.
Their “Buy Now, Pay-Later” scheme allows customers to enjoy greater flexibility, and they need not pay for monthly installments for the first year of ownership.