TOYOTA Motors Philippines Inc., is shifting the from conventional car ownership to usership, offering customers the privilege of driving a new car every three or four years. This innovative leasing program, the first in the country by a major car maker is called Kinto One. Toyota Financial Services Philippines will operate the program, which it calls a “new mobility service to meet the continuously changing customer demands.”
“KINTO is a step closer to realizing Toyota’s vision of Mobility for All. We would like to provide as much flexibility as possible to customers based on their lifestyle and preferences. We recognize that the next generation has a need for car usage, but not necessarily in the form of vehicle ownership. KINTO makes it easy for them,” Atsushi Murakami, President of Toyota Financial Services Philippines said.
The leasing program allows customers to select from Toyota models and drive the car for three or four years. It is a full service lease package requiring no down payment. The fixed monthly subscription already covers vehicle registration, annual comprehensive insurance, and regular periodic and preventive maintenance. Once the lease term is completed, the customer simply returns the vehicle to Toyota Financial Services and everything else is taken care of.
Four Toyota models are currently on offer for the subscription / leasing program. These are the Vios 1.5 G AT, Rush 1.5 G CVT, Fortuner 4×2 G AT (Diesel) and Corolla Altis 1.8 V HV. Mileage options and subscription terms determine the lease amount to be paid. KINTO One is now available in all Toyota Metro Manila dealers.