DistantNews
Support us
Toyota offers 0% interest financing on select models in Argentina
๐Ÿ‡ฆ๐Ÿ‡ท Argentina /Economy & Trade

Toyota offers 0% interest financing on select models in Argentina

From La Naciรณn · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Toyota Argentina has introduced new financing options, including 0% interest rates, to boost vehicle sales.
  • The initiative aims to counteract a market slowdown, with new vehicle registrations down 9.7% in the first five months of the year.
  • Options include financing up to $15 million in 12 interest-free installments or larger amounts over longer terms with preferential rates.

Toyota Argentina is rolling out new financing alternatives across its entire vehicle range, featuring 0% interest rates, in an effort to revitalize sales volumes. This strategy arrives as the Argentine automotive market experiences a slowdown.

From January to May, new vehicle registrations in Argentina fell by 9.7% compared to the same period last year, totaling 247,187 units, according to data from the Argentine Association of Automobile Dealers (Acara). In response to this market deceleration, Toyota Compaรฑรญa Financiera expanded its credit offerings in June.

The most attractive offer is a 0% interest financing line for credits up to $15 million, repayable in 12 installments. This option is available for all Toyota models sold in Argentina. For customers needing to finance larger amounts, Toyota also provides credits of up to $25 million with repayment terms extending to 24 months.

Complementing these offers, the company presents 18-month financing lines at a 9.9% interest rate and 24-month alternatives at 19%. These options cater to a diverse range of customer profiles and financial needs. The new financing conditions are valid throughout June at Toyota's 44 official dealerships across Argentina.

Notable models available under these financing plans include the Toyota Yaris Cross and the Toyota Corolla Cross, which is the brand's third best-selling model after the Hilux and Yaris. Toyota also recently introduced the new RAV4, now available in hybrid and plug-in hybrid versions.

DistantNews Editorial

Originally published by La Naciรณn in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.