Toyota Hilux Buyback Scheme Revealed
With the Hilux, Toyota India unveiled a guaranteed buyback programme. In an effort to draw in more buyers, Toyota recently revised the price of the lifestyle pickup, which was introduced in India last year.
The Toyota Hilux Buyback Scheme gives customers the option to return their Hilux to the dealer after three years for 70% of the purchase price.
It’s important to note that the automaker has specified that Toyota Financial Services is the only place where this repurchase offer is accessible. Toyota also offers an EMI of Rs 32,886, which sounds low, if you don’t want to go the buyback route, but Toyota hasn’t specified the tenure. In light of the fact that the Hilux costs above Rs 30 lakh, depending on the down payment, the EMI term would exceed 3 years.
Toyota hasn’t mentioned an intriguing clause, though, regarding the mileage of the vehicle at the time of buyback. Typically, manufacturers specify a mileage cap for the repurchase with a price reduction for exceeding the cap. For instance, when buying back the Hector, MG deducted Rs 7 for each additional kilometre (30,000km for the petrol variant and 45,000km for the diesel variant).
The Standard MT, High MT, and High AT are the three different versions of the Hilux. All versions include a 2.8-litre, 4-cylinder turbodiesel engine with 204 horsepower that may be paired with a 6-speed manual or automatic transmission. All models come with a 4×4 system that is equipped with a high- and low-range gearbox and an electronically locking differential.
The Hilux includes features like dual-zone climate control, leather upholstery, 7 airbags, front and rear parking sensors, an electrochromic interior rearview mirror, a tyre angle monitor, active traction control, and an automated limited-slip differential. It also has features like Apple CarPlay and Android Auto.
There has recently been a price change for the Hilux. The Standard MT now has a starting price of Rs. 30.40 lakh after a price reduction of Rs. 3.60 lakh (ex-showroom). The starting prices for the High MT and AT variants have increased to Rs. 37.15 lakh and Rs. 37.90 lakh, respectively. As compared to its primary rival, the Isuzu D-Max V-Cross, which has a starting price of Rs 20.6 lakh and a maximum price of Rs 25 lakh, this pricing is very high. For diehard pickup aficionados, the Toyota Hilux’s price tag will be justified by the fact that it has been tried and proven around the globe.
Manufacturers like Mercedes-Benz and BMW provide their customers with buyback programmes, which are typically available in the premium vehicle market. The buyback programme gives consumers who make significant purchases the reassurance that the business would assist them when it comes time to replace their car. Customers also have the choice of upgrading to a different vehicle from the same manufacturer or declining the buyback in addition to the standard offer to repurchase the vehicle.
Toyota has emulated Lexus by offering a buyback option. The ES 300h hybrid car was eligible for a 60 per cent buyback option from Lexus, Toyota’s premium division, last year in India.
This programme is being offered by Toyota to boost sales of lifestyle pickup trucks. Due to its focus on lifestyle consumers rather than just business users, Isuzu has long held an advantage over other pickups like the Tata Xenon or the Mahindra Bolero Pik-Up. Older Isuzu models continue to be valuable today and have not lost much value over time.
Toyota will be able to welcome new clients who are interested in purchasing a used Hilux that has been authorised by a dealer thanks to the Toyota Hilux Buyback Scheme option.
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