You probably know at this point that Toyota Motor Philippines has recently launched its Kinto One vehicle leasing program. This is the first-of-its-kind in its segment and is set to make car ownership more accessible.
Kinto One was not necessarily born out of the ongoing pandemic, especially since this program was first announced in December 2019. However, the ongoing COVID-19 pandemic and its negative effects on the economy have effectively canceled the ownership plans of many would-be car owners.
With the arrival of Kinto One, customers can select a Toyota model that they desire and drive the car for three or four years. The full-service lease package does not require a downpayment. 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.
- Vios 1.5 G CVT
- Rush 1.5 G CVT
- Fortuner 4×2 G AT (Diesel)
- Corolla Altis 1.8 V Hybrid
- Mileage Options:
- Light Package at 15,000 km/year
- Standard package at 20,000 km/year
- Maximum package at 30,000 km/year
- Subscription Terms:
- Three years
- Four years
Just how much does it actually cost to lease a Toyota vehicle? Check this table to find out.
Cars are one of the most expensive single-item purchases that people will ever encounter during their lifetime, apart from a house of course. Let’s not forget that cars aren’t considered assets and thus depreciate over time. Some people would still prefer to maintain full ownership of a vehicle, especially since a leased vehicle can’t be accessorized and customized by the user. For those who simply just need the freedom of personal car ownership but without worrying about maintenance, depreciation, insurance, and LTO registrations, then leasing could be a perfect option.