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June 15, 2020

"Kinto," Toyota's Car Leasing Program Will be Launching This Month in the Philippines

It’s confirmed: Toyota Motor Philippines will be launching a long-term car leasing program within the month. As predicted last April, the program will be called Kinto.

Incorporated just in February 2019, it offers customers the chance to drive a brand-new Toyota with both just a monthly fixed-sum service that packages voluntary insurance payments, vehicle tax, registration charges, and regularly scheduled maintenance. The service was rolled out in Japan initially, with Thailand and now the Philippines following suit.

In both Japan and Thailand, Kinto comes with a fixed term (3 or 4 years). In the case of Japan, there’s a two-tier system—Kinto One (basic), and Kinto Select (which includes Lexus models). In the case of Thailand, there’s a three-tier system based on the total mileage the customer intends to use per year—15,000, 25,000, or 45,000 kilometers per year. After that, it’s just a matter of selecting what car and which dealership the car would be pick-up at. And unlike a typical car loan which may require a guarantor, with Kinto, all it takes is a swipe of the credit card.

As for the pricing, well, in Japan, it starts at 46,100 yen (P 21,842~) to 180,000 yen (P 85,286~) per month, while in Thailand, it’s from 10,840 THB (P 16,640~) to 33,040 THB (P 50,720~).

Details on Kinto for the Philippine market will be revealed at a later time, but Toyota Motor Philippines says the program will encompass 4 models first and will be rolled out at Metro Manila-based dealerships. It will be done in cooperation with Toyota Financial Services (TFS).

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