Japanese car loan customers can buy tiny car

Toyota Motor Corporation (TMC) has announced the launch of its new "micro-premium" car, the iQ. The car will initially be available in Japan only, and will go on sale on 20th November this year.

TMC claims the car "combines outstanding performance and superior quality in an ultra-compact form that dispels conventional notions about small cars."

Despite its miniscule size - 2,985mm long by 1,680mm wide by 1,500mm high - the iQ is a four-seater car.

In a statement, TMC said of the car: "A 1.0-liter engine delivers outstanding cruising and environmental performance, offers fuel efficiency at the highest levels for its displacement, and also meets the new 2015 Japanese fuel efficiency standards under the recently introduced JC08 test cycle.

"The iQ is highly responsive at low and medium speeds, provides stable cruising performance at high speeds, and has a minimum turning radius of 3.9 meters-one of the shortest in the industry. In addition, a S-VSC (Steering-assisted Vehicle Stability Control) system and a total of nine airbags, including the world's first*2 SRS (Supplemental Restraint System) rear window curtain shield airbag, are standard on all models to provide outstanding safety performance."

European car finance customers will not have to wait long to get their hands on the iQ: TMC plans to release the car in Europe early next year.

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