Press Release: 2021
21 October 2021 : Corporate News
A New Mobility Subscription Launched In Malaysia
KINTO ONE, a car subscription-based
program has now reached the shores of Malaysia. Available almost worldwide from
Northern to South America, major countries of Asia and a very big presence in
the European countries, Toyota Capital Malaysia is proud to be the
first-in-the-world to introduce an Islamic based car subscription program to
the discerning and financially savvy customers of the local car market.
Originating from the Japanese
word kinto-un, which means ‘flying nimbus’, as the future
image of mobility; the name KINTO is in line with the spirit of providing
services that quickly appear when necessary, enabling mobility as per the
user’s wishes, and are kind to the environment.
Introduced under the label KINTO ONE by
Toyota Capital Malaysia, it offers a new medium to the public to owning and
driving a car without all the hassles associated with the traditionally popular
hire purchase facility.
In the simplest description, KINTO ONE
is an all-inclusive, fixed monthly payment, car subscription plan. The fixed
monthly subscription covers registration of the vehicle, annual comprehensive
insurance and road tax, periodic maintenance as well as preventive maintenance.
Subscription period comes in either two years or three years and once the
subscription period is completed, the customer is to just simply return the car
to Toyota Malaysia and everything else will be taken care of; dissociating
typical customers from the worry of residual value of the car nor the worries
of how to sell-off the cars after years of usage.
Mr Thomas Chai, President of Toyota
Capital Malaysia was quoted as saying “KINTO ONE is the direct translation of a
strategic partnership between Toyota Capital Malaysia and UMW Toyota Motor and
is a distinctly curated respond to the new generation lifestyle seeking for
mobility. It is about the shift of consumer behavior from car ownership to car
usership. It is about Toyota’s vision of Mobility for All.”
KINTO ONE is a subscription plan that
allows the customers to get the most value of their car at the same price
throughout the contract period, particularly when all the scheduled periodic
and preventive maintenance costs are included. This simply means customers
really do not have to pay for anything else; be it oil change and all the labor
cost associated to servicing the car and not even tires nor battery change
amongst many others. Everything is all truly inclusive.
Thomas added that KINTO ONE is to serve
customers who are looking for a more private and safer mobility solutions amidst
the Covid-19 pandemic. It is also importantly aimed at companies and
corporations wanting to be light in their assets but still highly require the
functionalities of being mobile, and also at individual customers who
appreciate the fact that the cost of owning a car is really beyond the ability
to oblige to the monthly instalments but also all the costs associated to it;
payment for insurance, road tax, servicing and wear and tear of the vehicle.
Not only that, KINTO ONE customer
should be very well comforted with the fact that the complete range of services
and maintenance will be handled by authorized Toyota dealers with genuine parts
and that all KINTO ONE customers are covered under comprehensive takaful
insurance coverage with 24-hour emergency assistance.
Mr Ravindran Kurusamy, President of UMW
Toyota Motor Sdn Bhd said “While it all seems new and revolutionary for KINTO
ONE aiming to cater to the newer generation of car owners seeking for freedom
and mobility through its all-inclusive fixed monthly subscription plan, KINTO
ONE has been introduced in many parts of the world and while it is newly
launched here in Malaysia, we are starting with our learning curves way past
the introductory stages. With strong support of Toyota Motors Corporation and
the abundant availability of intellectual discourses amongst KINTO operators
across the world, it has made our market introduction journey a very enriching
one.”
True to its DNA of Mobility for All,
KINTO ONE is exclusively available online via the website www.kinto-my.com
where customers can view the car models available, decide on which subscription
plan that suits them and apply online. Current models include Toyota Vios,
Yaris, Corolla, Innova, Fortuner and Camry with many more models coming soon, including
Lexus cars. KINTO ONE is now officially available to the Malaysian public
starting 18 January 2021.
###
For more information about KINTO ONE,
please contact:
Shahrul Hisham Tahir KINTO (Malaysia)
Project Sponsor
shahrul.hisham@kinto-my.com
or visit www.kinto-my.com
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