ComBank and Toyota Lanka in joint leasing promo for Toyota vehicles

Friday, 20 March 2020 00:00 - - {{hitsCtrl.values.hits}}

Commercial Bank Chief Operating Officer Sanath Manatunge (centre) and Toyota Lanka Director/Chief Operating Officer Manohara Atukorala (3rd from left) exchange the agreement in the presence of (from left): Toyota Lanka Head/Manager Shared Sales Support Anil Algama, General Manager – New Vehicle Sales Department Udaya Francis, Commercial Bank Deputy General Manager – Marketing Hasrath Munasinghe, Deputy General Manager – Personal Banking Sandra Walgama and Deputy General Manager – Corporate Banking Naveen Sooriyarachchi

The Commercial Bank of Ceylon and Toyota Lanka Ltd., have joined forces to offer special prices, reduced interest rates and other attractive benefits to customers leasing Toyota cars and pickup trucks.

This first leasing collaboration between the two companies will make one of Sri Lanka’s favourite automobile brands more accessible to customers and will run until the end of April.

Aspiring vehicle owners will be able to purchase the Toyota Wigo at the special price of Rs. 3,825,000, the Yaris ATIV at Rs. 6,795,000 and the Toyota Rush (SUV) at Rs. 8,950,000 during this period. A range of Toyota Hilux double cabs with engine capacities of 2400cc to 2800cc can also be bought for Rs. 8,895,000 to Rs. 10,500,000, the Bank said.

These vehicles can be leased on tenures of three to seven years with special interest rates starting from 11% per annum on a three years lease to 12.5% per annum on a seven-year lease. In addition, customers who purchase vehicles during the promotion can enjoy the first three services on their rides completely free of charge, including labour and material cost; 30% discount on replacement tyres within three years; free wheel alignment services at the time of replacing tyres; a reimbursement of Rs. 10,000 on the servicing charge of the fourth vehicle service; and a 50% discount on the documentation fees of the lease.

Toyota Lanka Ltd. is the exclusive dealer and distributor for the Toyota and Hino brands in Sri Lanka and a fully owned subsidiary of Toyota Tsusho Corporation (TTC), Japan. It is a global member company of the prestigious Toyota Group, Japan. Since 1995, Toyota Lanka has brought about total mobility solutions in passenger cars, commercial vehicles, trucks and the sports utility vehicles segments and the Industrial Equipment sector. As a leading brand in the cars and pickup trucks range, Toyota enjoys a market share of more than 50% in Sri Lanka.

The first Sri Lankan bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for nine years consecutively, Commercial Bank is celebrating its 100th anniversary this year. The Bank, which won more than 50 international and local awards in 2019, operates a network of 268 branches and 865 ATMs in Sri Lanka.

Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it has a Representative Office in Yangon and a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.