Printer Friendly

TOYOTA ANNOUNCES NEW EXPANDED LEASE PLAN

 TORRANCE, Calif., Oct. 20 /PRNewswire/ -- Toyota Motor Sales U.S.A. Inc. (TMS), today announced the Toyota Touch Lease Plan, its most comprehensive ever. It is available at participating Toyota dealerships through Toyota's finance subsidiary, Toyota Motor Credit Corp. (TMCC).
 "Retail leasing activities have more than doubled in the past four years," said Wolfgang Jahn, TMCC group vice president. "The Toyota Touch lease is a direct response to requests from our customers and dealers."
 New features of the Toyota Touch Lease Plan include the Encore feature and the Multiple Security Deposit feature.
 The Encore feature waives the security deposit and lowers the monthly payment for TMCC's qualifying repeat lease customers, to encourage repeat business.
 The Multiple Security Deposit feature allows any customer to lower the monthly lease payment by increasing the initial security deposit, which is refundable at the end of the lease if all terms are met. The security deposit can be increased in multiples to a maximum of 10 deposits, each progressively reducing the monthly payment to make the lease more affordable.
 Toyota Touch leases are available in terms of 24 to 60 months, with a limit of 15,000 miles per year. Higher mileage is available at extra cost, at the inception of the lease.
 Special Lease Programs on Selected Toyotas
 A limited-time Toyota Touch Special Lease Program offers 24- and 36-month leases from October 1993 to Jan. 4, 1994 on four well- equipped 1994 Toyota models -- Camry, Corolla, 4Runner and Previa. Rates and base monthly payments vary from state to state and taxes are extra.
 An example of the special lease program is a 36-month no-money-down lease at $189 per month for a 1994 Corolla four-door compact sedan with a five-speed manual overdrive transmission, dual air bags and CFC-free air conditioning, power steering, AM/FM stereo radio with four speakers and a heavy-duty cold-weather package.
 Toyota offers an 800-GO-TOYOTA line for additional information on Toyota products and leasing.
 TMCC is a wholly owned subsidiary of TMS. TMCC was incorporated in October 1982 and currently has 32 branch offices serving Toyota dealers and their customers in the United States with over $11 billion in assets.
 -0- 10/20/93
 /CONTACT: Jim Fewel, 310-618-4649, or John Hanson, 310-618-4718,
 both of Toyota Motor Sales/


CO: Toyota Motor Sales U.S.A. Inc.; Toyota Motor Credit Corp. ST: California IN: AUT SU: PDT

NY-LM -- LA017 -- 4453 10/20/93 10:02 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 20, 1993
Words:402
Previous Article:FREMONT GENERAL CORP. REPORTS 43 PERCENT INCREASE IN PRE-TAX EARNINGS
Next Article:SCHULER HOMES INC. ANNOUNCES THIRD QUARTER 1993 FINANCIAL RESULTS AND AN INCREASE IN THE SIZE OF ITS SALT LAKE (OAHU) PROJECT
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters