Published on January 18th, 2021 | by Subhash Nair0
Toyota Malaysia Now Has Its Own Subscription Program!
Starting today, you can officially subscribe to a Toyota Vios, Yaris, Corolla, Innova, Fortuner or Camry via the KINTO ONE program. KINTO ONE is an all-inclusive car subscription program provided by Toyota Capital Malaysia. In the past, Toyota has worked with Flux to bring a few of their models to the subscription game. We even tried one ourselves late last year.
KINTO is basically Toyota’s internal version of a subscription program and it’s being spread across the globe. It’s available almost worldwide, so its introduction through Toyota Capital Malaysia was almost an inevitability.
Here’s what’s covered by a KINTO ONE subscription.
- registration of the vehicle
- annual comprehensive insurance
- annual road tax
- periodic maintenance
- preventive maintenance (including battery, tyres, wipers and labour charges)
The length of the plan is either 2 and 3 years for now. Realistically, these are usually the cheapest subscription plans and the ones that most customers will go for. It is worth noting that most of the pioneering subscription companies in Malaysia have at least offered the flexibility of shorter subscription terms.
As mentioned above, the current portfolio of cars include these Toyota models:
- Yaris (from RM1,678/month)
- Vios (from RM1,738/month)
- Corolla (from RM3,018/month)
- Innova (from RM2,608/month)
- Fortuner (from RM4,338/month)
- Camry (from RM4,498/month)
More models, including some from Lexus, will become available. We actually checked the Malaysian KINTO website and the entire Lexus range is already listed, but perhaps these aren’t quite ready for delivery just yet.
They’ve also listed the Avanza and Rush under Kinto One without mentioning those models in the press release. Strangely enough, the GR Yaris, RAV4 and Harrier are missing, as is the Alphard and Vellfire. We’re not sure why that is. They’re all CBU Japan Toyotas.
There are also mileage caps that can be extended, and you can option certain equipment on your vehicle. We’ll cover these and more when we eventually compare Kinto against other existing subscription services in Malaysia.
Here’s the press release with more.
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 Motor 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.