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Old 25th March 2023, 20:00   #1
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Toyota announces 70% assured buyback on the Hilux after 3 years

Toyota has announced an assured buyback offer on the Hilux. Customers can get a buyback value of up to 70% after 3 years from the date of purchase.

Toyota announces 70% assured buyback on the Hilux after 3 years-2023toyotahilux06.jpg

Toyota is also offering special finance schemes on the Hilux through Toyota Financial Services, with EMIs starting from Rs 32,886.

The Toyota Hilux is priced at Rs 30.40 lakh for the Standard variant, while the High variants cost upwards of Rs 37 lakh (ex-showroom). It is said that the carmaker has introduced these finance offers with the aim to make the lifestyle pickup truck more accessible to customers.

The Toyota Hilux shares its underpinnings with the Fortuner. In India, the pick-up truck is offered with a 2.8-litre diesel engine producing 201 BHP (204 BHP - 6MT) and 500 Nm (420 Nm - 6MT). The engine is paired with either a 6-speed manual or a 6-speed automatic transmission. It comes with a four-wheel-drive system with an electronic differential lock, a limited-slip differential and Active Traction Control.

Link to Team-BHP News

Last edited by TusharK : 25th March 2023 at 20:01.
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Old 25th March 2023, 21:31   #2
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

They should have reduced the price of AT variants rather than increase them during the recent price correction.

Is this scheme to clear the stock? Will this be produced further?

I want to pick AT but entry price is too high.
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Old 25th March 2023, 23:33   #3
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

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Originally Posted by indian21r View Post
They should have reduced the price of AT variants rather than increase them during the recent price correction.

Is this scheme to clear the stock? Will this be produced further?

I want to pick AT but entry price is too high.
Ask them straight up for a 5L discount on the onroad figure and you will probably get it. Especially if you get it now before the bs 6.2 deadline next week.
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Old 26th March 2023, 00:18   #4
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

Finally someone has understood that pricing such vehicles so high and trying to market it as a luxury lifestyle product isn't really a sustainable model. And so are such offers. If they offer 70% of the purchase value, then they will end up making a profit on reselling these cars since they would have jacked up the price of new cars by a good amount which will ensure they get good resale While it may be unreasonable, its a sweet deal if they offer 70% of the current market price of a new car. Then we are talking some serious stuff especially when they hike prices every now and then.
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Old 26th March 2023, 05:08   #5
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

Its still a decent proposition as unlike other more mainstream vehicles, such an expensive lifestyle UTE may still have a slightly smaller buyer base. So some sort of buy back assurance certainly gives a little peace of mind. Of course most people who buy this will likely keep this for much longer.

I think this is indeed Toyota trying to clear some inventory before the BS6 deadline and I’d think customers who’re genuinely interested should push for some discounts. Although if that’s the case, the recent price hike on the AT is baffling.

Last edited by Axe77 : 26th March 2023 at 11:53.
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Old 26th March 2023, 08:37   #6
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

Maybe they don't have the variant mix right; AT might have sold more than expected.

Also, buyers of Hilux, being mostly lifestyle oriented would almost always prefer AT, and Toyota knew that (compared to say, Innova or even Fortuner).

To me, resale related points from OEM is not a very confidence building thing; market should have that sentiment itself.

What are the rules/caveats for the 70% buyback (vehicle's condition etc can be used to actually offer, say 60%, than 70%)

Last edited by dsr001 : 26th March 2023 at 08:40.
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Old 26th March 2023, 09:18   #7
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

These bought back vehicles, is there a possibility they will be sold to markets like AFRICA or Middle East as utilitarian vehicles.
This HILUX , I have seen as being used by construction companies and the likes to ferry personnel and material in Doha. That is actual use HILUX is meant for.

A 30 lakh vehicle, in hands of majority of lifestyle owners will not go over around 40 to 50,000 km.
For a well maintained utilitarian vehicle, 3 yrs old and those few km on the odometer, that is like almost new.

Request you to share your opinion on this point.
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Old 26th March 2023, 10:45   #8
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

Quote:
Originally Posted by TusharK View Post
Toyota has announced an assured buyback offer on the Hilux. Customers can get a buyback value of up to 70% after 3 years from the date of purchase.
I think the important part is the one in bold. The dealership would have their own terms for value determination.

And as someone mentioned, the depreciation could be too high for a 3 year used Toyota!
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Old 26th March 2023, 11:27   #9
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

Who on earth will sell a diesel body-on-frame Toyota? This breed is known to outlast their owners, if maintained well. Other than those who realise that a "pickup" vehicle isn't for them, of course (like the many barely used Harleys & Thars you see on sale).

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Originally Posted by ToThePoint View Post
And as someone mentioned, the depreciation could be too high for a 3 year used Toyota!
Normally, yes. But for a Hilux, no. Pickup trucks have very poor demand in India.
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Old 26th March 2023, 11:35   #10
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

Quote:
Originally Posted by norhog View Post
These bought back vehicles, is there a possibility they will be sold to markets like AFRICA or Middle East as utilitarian vehicles.
This HILUX , I have seen as being used by construction companies and the likes to ferry personnel and material in Doha. That is actual use HILUX is meant for.

A 30 lakh vehicle, in hands of majority of lifestyle owners will not go over around 40 to 50,000 km.
For a well maintained utilitarian vehicle, 3 yrs old and those few km on the odometer, that is like almost new.

Request you to share your opinion on this point.
Itís a 15L vehicle being sold for 30l+ due to taxes. You have to resell it in India itself or else you lose the huge tax value already paid.
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Old 26th March 2023, 12:29   #11
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Not worth it!

Hilux is overpriced for what it is. In Thailand where they sell Hilux, Crysta and Fortuner side by side, and also Thailand is one of the countries where all three are manufactured locally, and is also a place where pickups are more mainstream than India; Top end Hilux is the cheapest of the three IMV platform vehicles.

Toyota announces 70% assured buyback on the Hilux after 3 years-toyotacothpricelist20230326.png

Hilux is not worth it at the prices its being sold here. I looked this up last year when they launched it without announcing the price and made a booking. When Toyota announced the price I knew they are trying to sell a lifestyle rather than a 4x4 pickup. Isuzu VCross launch prices was the correct pricing of a 4x4 pickup looking at the input cost and the segment, not their current pricing which has the lifestyle cost added to the product cost.

Last edited by Sankar : 26th March 2023 at 12:30.
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Old 27th March 2023, 11:43   #12
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

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Originally Posted by GTO View Post
Who on earth will sell a diesel body-on-frame Toyota? This breed is known to outlast their owners, if maintained well. Other than those who realise that a "pickup" vehicle isn't for them, of course (like the many barely used Harleys & Thars you see on sale).



Normally, yes. But for a Hilux, no. Pickup trucks have very poor demand in India.
A very good point. Unreliable but flashy and cutting edge luxury cars make sense to buy on a 3 year lease/buyback plan. But there is no point in paying the Toyota premium upfront if you can only keep the car for 3 years. Whole point of the hilux is how it will keep chugging along 15 years down the line.
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Old 27th March 2023, 11:51   #13
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

The STD MT is a good deal for people who live in the countryside and do a lot of off-roading as part of their normal work.
The only problem is that this variant can only be registered as a commercial pickup and consequently it has a speed limiter built-in.
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Old 27th March 2023, 12:25   #14
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

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Originally Posted by TusharK View Post
Toyota is also offering special finance schemes on the Hilux through Toyota Financial Services, with EMIs starting from Rs 32,886.
Has anyone received any details from Toyota dealers about the "EMIs starting from Rs 32,886" part?
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Old 27th March 2023, 12:31   #15
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Re: Toyota announces 70% assured buyback on the Hilux after 3 years

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Originally Posted by Alfresco View Post
The STD MT is a good deal for people who live in the countryside and do a lot of off-roading as part of their normal work.
The only problem is that this variant can only be registered as a commercial pickup and consequently it has a speed limiter built-in.
I had read that this was an issue in Kerala only, and for all variants of the Hilux.

Is a commercial registration mandatory for the MT variant across India?
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