IconHow does it work?

An innovative Islamic lease plan offering many features and benefits that are not available in the Hire Purchase lease. Having the benefit to save on down payment, enjoying the Guaranteed Lease-End Value (LEV) and it's Guaranteed Auto Protection (GAP) making it convenient to drive away with a brand new Toyota now.

Benefits

  • Your auto insurance and road tax are taken care of with FREE delivery and no hidden charge
  • Flexibility to choose your whether to trade in for a new Toyota vehicle, return or keep the existing car at the end of your lease period
  • Toyota ensures that our valuable user are not affected by the risk of depreciation or fluctuating market prices with the Guaranteed Lease-End Value (LEV)

IconToyota Drive Advantages

ZERO downpayment**

Save on the downpayment required by conventional hire purchase agreements and have better cash flow to take care of your other financial priorities.

*Hire purchase offers a maximum of 90% financing

** Terms & Conditions Apply

Guaranteed Lease-End Value (LEV)

This facility determines the lease-end value of the vehicle at the point of purchase and ensures that you are not affected by the risk of depreciation or of fluctuating market prices.

Guaranteed Protection

Guaranteed Auto Protection (GAP) protects you from having to pay the difference between the insurance settlement amount, which is based on the market value of the vehicle, and the outstanding facility amount.

Ownership Options At Lease-End

At the end of your lease period, you will have the flexibility to choose your preferred option from the list below:

  1. Trade-in for a new Toyota vehicle
  2. Return existing vehicle and simply walk away
  3. Keep existing vehicle by:
    1. Financing at new vehicle rates
    2. Purchase the vehicle at our guaranteed Lease-End Value (LEV)

We take care of your Takaful/Insurance and road tax costs

No more hassle: we will take care of everything to do with your Takaful/Insurance and road tax. We'll also provide you with a FREE delivery service.

IconToyota Drive FAQs

  1. What is Toyota Drive?
    Toyota Drive is an Islamic lease product which offers many features and benefits that are not available in Hire Purchase.


  2. Why is Toyota Drive offered to limited models only?
    Toyota Drive is targeted at major Passenger Car (PC) models as Malaysia is one of the biggest PC markets in this region.

  3. Who can apply for Toyota Drive?
    It is open individuals (above legal age) and companies.

  4. What are the lease periods available for Toyota Drive?
    You can opt for a lease period of between 3 to 5 years.

  5. Why is there a need to collect the 1st month rental and security deposit at the inception of the lease?
    As Toyota Drive is built on lease principles, it requires rentals to be paid at the beginning of the month. The security deposit is refundable at the end of the lease less any excess charges, if applicable.

  6. Can I make a down payment if I want to?
    Yes you can.

  7. What is LEV?
    This is Toyota Capital's projection of the value of your vehicle at the end of an agreed lease period.

  8. In the event of an accident, will my LEV continue to be guaranteed?
    Yes, provided that all repair jobs are done at authorised UMW Toyota Motor workshops.

  9. Do I need to pay any administrative fees for taking automotive financing with Toyota Capital Malaysia?
    Minimal administrative fees will be levied depending on types of automotive financing solutions. Click here for Admin Fees.

  10. What is GAP?
    GAP stands for Guaranteed Auto Protection.

  11. How will I benefit from GAP coverage?
    Throughout the lease period, Toyota Capital protects you from having to pay the difference between the insurance settlement amount, which is based on the market value of the vehicle, and the outstanding amount to settle in the event of a total loss arising from theft or accident. Where insurance proceeds exceed the settlement amount, you will receive a refund. Certain conditions apply.

  12. Do I need to pay extra for the GAP coverage?
    There are no additional charges for GAP coverage.

  13. What are the options available to me at the end of the lease?
    There are a number of options available:-
    1. Trade-in for a new Toyota vehicle
    2. Return existing vehicle and simply walk away
    3. Keep existing vehicle by:
      1. Financing at new vehicle rates
      2. Purchase the vehicle at our guaranteed Lease End Value (LEV)

  14. What is the rate if I refinance?
    If you refinance under Hire Purchase, Toyota Capital will offer you the prevailing NEW vehicle rate.

  15. If I were to return my vehicle, what important things should I know?
    If you opt to return the vehicle at the end of lease, you are liable to pay for any repairs or replacements to the vehicle that exceed the normal wear and tear clause. Driving beyond your contracted kilometres will incur additional kilometre charges.

  16. Can I choose the Takaful/Insurance provider?
    No, the Takaful/Insurance must be underwritten by the Takaful/Insurance company appointed by Toyota Capital Malaysia. This is to ensure that you can enjoy the benefits of Toyota Drive.

  17. Who will renew my Takaful/Insurance and road tax?
    Toyota Capital will renew your Takaful/Insurance and road tax yearly and deliver the policy and road tax disc to you at no extra charge.

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