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Here are the specific fees you will pay if you lease a Toyota car

All the possible permutations under the Kinto One leasing program

The Corolla Altis Hybrid sedan is among the Toyota cars offered in the Kinto One leasing program. PHOTO FROM TOYOTA

Yesterday, we told you about Toyota Financial Services Philippines’ new Kinto One leasing program. It’s an industry-first (locally speaking) service that offers customers the opportunity to use Toyota cars without actually buying or owning them. In the article, we said that this setup was perfect for people who “have no interest in acquiring a car of their own, but certainly need to move around.” When we wrote that line, we were actually thinking of frontliners who desperately need a means to travel in this time of inadequate public transportation.

But the Kinto One rates we got from Toyota today tell us that those people may not be able to afford this leasing scheme. Turns out the cheapest monthly fee available under the program is P28,478 for 48 months (Vios 1.5 G AT). We’re not sure regular folks with regular salaries will be enticed to bite.

There is a reason the Wigo or the 86 is not included here: This is not aimed at personal users. TABLE FROM TOYOTA

Don’t get us wrong: Kinto One is a brilliant proposition—for the right type of clients. And these clients, we think, are corporate expatriates and companies that require medium-term transportation for their personnel.

As this program progresses, we picture it evolving to also accommodate private car users by making the rates a lot more competitive. For now, however, this makes a lot of sense for business people. It’s a good start, and we’re rooting for its success.

Vernon B. Sarne

Vernon is the founder and editor-in-chief of VISOR. He has been an automotive journalist for 26 years. He became one by serendipity, walking into the office of a small publishing company and applying for a position he had no idea was for a local car magazine. God has watched over him throughout his humble journey. He writes the ‘Spoiler’ column.