Tanzania's Toyota plans vehicle leasing facility

TOYOTA Tanzania plans to introduce vehicle leasing facility to provide tailored tax friendly and flexible vehicle lease solutions to customers.

The Chairman of Toyota Tanzania, Mr Hatim Karimjee, made the revelation over the weekend during an occasion to celebrate 60th Anniversary of Toyota Land Cruiser model.

“The new company, Salute Finance Limited, will provide vehicle lease solutions that will help businesses’ working capital and improve balance sheet management.

The company will benefit from Toyota’s buying power on all makes and models,” he said. Graced by the Minister for Finance and Economic Affairs, Mr Mustafa Mkulo, the event was attended by some 200 guests from government, corporate and diplomatic fields.

Land Cruiser BJ46 model
The event marked the notable landmark of 60 years of evolution of the Toyota Land Cruiser since the original BJ model of 1951. The legendary and iconic four-wheel drive remains one of the toughest, safest and reliable vehicles.

To date, more than six million Land Cruiser models have been sold in 190 different countries worldwide, according to Mr Karimjee.

Speaking at the event, Minister Mkulo said the government acknowledges and recognises Toyota Tanzania’s reputation for providing durable and safe vehicles.

“Vehicle, passenger and pedestrian safety are paramount importance for all drivers in Tanzania. Toyota Tanzania is not only developing and putting practical use passive safety systems aimed at reducing collision injuries but also advanced active safety systems that help foresee collisions and alert drivers,” he said.

Land Cruiser latest model
Adding; “I believe the 60-year evolution of the Land Cruiser is a testimony of Toyota’s development and indeed to the development and growth in Tanzania.”

During the occasion, the company also unveiled two Toyota models namely the FJ Cruiser and Land Cruiser 200 series standard.

The Toyota brand was introduced in the country by the Karimjee family through International Motor Mart in 1927. In 1965, the Toyota distributorship was awarded to International Motor Mart. The company changed its name to Toyota Tanzania Limited in 2000.
Source: The Daily News,www.dailynews.co.tz, reported by Alvar Mwakyusa
Share on Google Plus

About Abduel Elinaza

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.