Toyota Financial Services - PCP Extension Offer

The_Fat_Controller

Just had this in an email, no doubt it will encourage brand loyalty.

As you may have read, there are major supply chain constraints on key components used in the vehicle manufacturing process. This means that for some Toyota models we are seeing an extended lead time when ordering a new car.

As a valued customer of Toyota Financial Services, we want to give you the confidence that now is the time to renew your car without having to worry about the delivery date. We can extend your current agreement at a maximum APR of 4.9% or continue with your current APR if it is lower, for up to 12 months, to cover any extended lead time. This means that you stay in your current XXXXXXX until your new vehicle is delivered.

iwb100

The_Fat_Controller said:

Just had this in an email, no doubt it will encourage brand loyalty.

As you may have read, there are major supply chain constraints on key components used in the vehicle manufacturing process. This means that for some Toyota models we are seeing an extended lead time when ordering a new car.

As a valued customer of Toyota Financial Services, we want to give you the confidence that now is the time to renew your car without having to worry about the delivery date. We can extend your current agreement at a maximum APR of 4.9% or continue with your current APR if it is lower, for up to 12 months, to cover any extended lead time. This means that you stay in your current XXXXXXX until your new vehicle is delivered.

All manufacturers have been offering similar extensions. Do they say you need to order a new Toyota to get that? I mean it’s not in your favour as you will be paying the same monthly amount (or more) for a 3 or 4 year old car just for the privilege of keeping it whilst they build you a new one.

The think with pcp is if you want to part ex into a new vehicle do it well before the end of your deal. Assuming you aren’t in negative equity.