Annual Report 2009 - Toyota Financial Services

Annual Report 2009❍ the standard financed amount ranges from 30% to 90% ofthe asset’s cost (i.e. the minimum amount of own financialmeans for covering the purchase is 10%),❍ credit contract term is 12, 24, 36, 48 or 60 months,❍ fixed motor vehicle liability insurance (a limit ofCZK 50 million/CZK 50 million) is part of regularinstalments throughout the whole credit contract term,❍ motor hull casco insurance, with a deductible of 5%(a minimum of CZK 5,000) or 10% (a minimum ofCZK 10,000) is fixed throughout the whole credit contractterm and is part of regular instalments,❍ the product can be normally used for financing new andused Toyota and Lexus brand cars,❍ the contract is terminated by repayment of the total principal(credit); the credit contract may be extended, shortened orrepaid earlier, subject to agreement with our Company.Toyota VarioThe principle of this modified credit product is the option of theincreased last instalment. This enables the debtor to achievea very reasonable amount of the regular monthly instalment.The product is intended in particular for non-businessmen. Thefollowing applies for the Toyota Vario product:❍ own financial means in the amount of 20% – 60% of thevehicle cost,❍ contract term is 36 or 48 months,❍ fixed motor vehicle liability insurance (a limit ofCZK 50 million/CZK 50 million) throughout the wholecredit contract term is part of regular instalments,❍ motor hull casco insurance, with a deductible of 5%(a minimum of CZK 5,000) or 10% (a minimum ofCZK 10,000) is fixed throughout the whole credit contractterm and is part of regular instalments,❍ the amount of the last increased credit instalment can bechosen between 10% and 30%, or 25% of the total vehiclevalue, subject to the contract term and model of thefinanced vehicle,❍ the contract can be concluded for models Aygo, Yaris,Auris, Corolla SDN, Corolla Verso, Avensis and RAV4,❍ at the end of the contractual term, it is necessary to chooseone of the following options:– payment of the last increased instalment,– continued financing of the last increased instalment(extension of the credit contract till final repayment),– vehicle repurchase at market value (at least in the amountof the last increased instalment) by the dealer, using theoffer for a very advantageous purchase of a new vehicle,including similarly advantageous financing terms.Toyota GenioNew product for end-customers with the option of earlyrepayment of the principal every 12 months, free of interest.For our customers this product is interesting since the advancepayment required is lower (starting at 10% of own financialmeans), credit instalments are incomparably lower (dueto the longer contract term) and the amount of insurancepremium included in the instalment is very reasonable. Thecustomer is informed about the value determined for thepurposes of the early repayment already in the credit contractitself. Specific features of Toyota Genio are as follows:❍ amount of own financial means starting at 10% of thevehicle (acquisition) cost,❍ contract term: 72 months,❍ fixed motor vehicle liability insurance (a limit ofCZK 50 million/CZK 50 million) is included in regularinstalments throughout the whole loan contract term,❍ motor hull casco insurance, with a deductible of 5%(a minimum of CZK 5,000) or 10% (a minimum of11