Toyota extending no-interest loans and discount leases in the U.S.

Article by Christian Andrei, on August 25, 2010

To hang on to sales gains, Toyota Motor Corp.'s no- interest loans and discount leases will be extended for one more month (until May 3) on certain US models. These incentives were announced on March 2 and had been scheduled to expire on April 5. In addition, Toyota will expand an offer of two years of free maintenance.

The incentive list includes zero-percent financing for up to five years on 2010 Camry, Avalon, Corolla and Matrix cars; Highlander and RAV4 SUVs; and Tundra pickups. And instead of only repeat customers, all consumers are now eligible for the service plan.

In a statement, Bob Carter, group vice president and general manager of Toyota brand sales, confirmed the extension of this two-year complimentary maintenance program until April. Toyota is aiming to continue the 41% sales gains it recorded in the US in March. Year-on-year declines were recorded for the first two months of 2010.

Toyota had been reeling from the recent recalls of more than 8 million vehicles over complaints of unintended acceleration. James Bell, executive market analyst at pricing firm Kelley Blue Book in Irvine, California, said that the sales gains can be attributed to "bargain hunters and Toyota loyalists."

Bell explained that it would be difficult to attract buyers who are considering models from Ford, Subaru, and the others.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries