Automotive

Published on October 6th, 2020 | by Subhash Nair

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Attractive Financing on Toyotas Through Bank Islam

UMW Toyota have partnered up with Bank Islam Malaysia to come up with two attractive financing packages for their vehicles: Vehicle Financing-i and Vehicle Financing-i GradHitz.

Vehicle Financing-i

Vehicle Financing-i is available for all customers aged up to 60 years old with a minimum income of RM2,800 or more.

Vehicle Financing-i GradHitz

Vehicle Financing-i GradHitz is a special package tailored for newly employed young graduates, aged below 30 years old, with minimum qualification of diploma degree from recognized institution under Malaysian Qualifications Agency (MQA) to enjoy up to 100% margin of financing.

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These two schemes are available in all Toyota showrooms nationwide in addition to existing financing schemes such as Toyota EZ Beli Plan, Jom Drive, AITAB, Toyota Drive, Toyota Flexi Plan as well as conventional HIre Purchase and Vehicle Lease schemes. The financing tenure for these two new plans is up to 9 years, with fixed profit rates from 2.35% to 2.55% per annum. Customers will be eligible for Ibra’ (rebate) if full settlement is made before the maturity period of the financing.

Here’s the press release with more, or scan the QR codes below for more info on the financing schemes or Toyota Malaysia.

PRESS RELEASE

Cars are considered a necessity for many people who need to use it as personal transportation tools for their daily commute to work. At UMW Toyota Motor Sdn Bhd (“UMWT”), we strive to provide the most affordable financing schemes for a broad spectrum of customers to own their desired cars.

Toyota EZ Beli Plan, Jom Drive, AITAB, Toyota Drive, Toyota Flexi Plan as well as conventional Hire Purchase and Vehicle Lease financing schemes are available from all authorized Toyota dealerships and UMWT branches to suit the needs of different customers.

UMWT, in collaboration with Bank Islam Malaysia Berhad, now offers two more Shariah Compliant Term Financing schemes to Toyota customers, which are Vehicle Financing-i and Vehicle Financing-i GradHitz.

Vehicle Financing-i is available for all customers aged up to 60 years old with a minimum income of RM2,800 or more. Vehicle Financing-i GradHitz, a special package tailored for newly employed young graduates, aged below 30 years old, with minimum qualification of diploma degree from recognized institution under Malaysian Qualifications Agency (MQA) to enjoy up to 100% margin of financing.

Both schemes are based on term financing under the principle of Murabahah to the Purchase Orderer (MPO) a cost plus profit financing contract. The financing tenure is up to 9 years, with fixed profit rates from 2.35% to 2.55% per annum. Customers will be eligible for Ibra’ (rebate) if full settlement is made before the maturity period of the financing.

Auto Financing Takaful Plan (AFTP), a takaful coverage is also offered to customers. The plan covers the outstanding financing amount in the event of death or permanent disability within the financing period. The AFTP contribution is calculated based on financing amount and age of applicant.

The two Bank Islam financing schemes are applicable for all new Toyota models sold by authorized Toyota dealerships throughout Malaysia (including Labuan and Langkawi duty-free zones).

Customers who require more information may contact our sales advisors at any authorized Toyota dealership in Peninsular and East Malaysia or may scan the QR code below for further information on Bank Islam Vehicle Financing products.

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About the Author

Written work on dsf.my. @subhashtag on instagram. Autophiles Malaysia on Youtube.



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