Toyota PH financial services arm helps firm achieve 'mobility for all' goal

Toyota Financial Services Philippines (TFSPH) expressed firm belief that it is fully supporting the vision of Toyota Motor Philippines (TMP) in providing mobility for all by offering customers accessible and flexible terms.

Toyota’s local auto financing and leasing services firm continues to boost its traditional business offerings like vehicle financing and finance lease, while introducing innovative products and services that seek to revolutionize the way Filipinos acquire, enjoy, and upgrade their vehicles as it celebrates 20 years of operations in the country.

TFSPH President Rommel Ocampo shared that the company has reached 45-percent market share in 2021, which means that for every 10 Toyota vehicles sold, five of which are acquired under TFSPH.

 "We are optimistic about the country’s road to recovery and shaping the future of mobility," said Ocampo. "We are excited to show our customers how TFSPH will expand beyond traditional vehicle financing, through new mobility services to keep up with the dynamic needs of the future."

Among TFS's products are the mobile app myToyota Wallet, as well as the vehicle lease offering Kinto One for individual customers and Kinto One Business for corporate fleet.

The myTOYOTA Wallet is a mobile payment solution that allows easy transactions for Toyota customers. The mobile device app — which is available for Android and iOS — currently allows card tokenization for up to three debit or credit cards, for customers to conveniently pay for transactions at any Toyota dealerships nationwide.

 The service works hand-in-hand with the myToyota App, the all-in-one mobile customer portal. TFSPH said that more features will be incorporated soon such as e-money as well as online and secure payment of customer’s monthly amortization.

 Meanwhile, the Kinto One is a full-service vehicle lease package for individual customers that introduces the convenient and worry-free car subscription. The all-inclusive monthly payment package covers periodic maintenance service, normal wear and tear parts replacement, annual comprehensive insurance, annual car registration, and the exclusive Kinto concierge service.

TFSPH noted that there are several choices of cars available for lease under the Kinto One package to suit customers’ needs and the car may be replaced with a new car every three to four years. 

Lastly, Kinto One Business is a full-service lease solution for corporate customers’ fleet requirements. The fleet-management service covers periodic maintenance, comprehensive insurance, vehicle registration, and even roadside assistance in affordable payment packages. The service also comes with a fleet connected service for location status, geo-fencing, and unplug detection along with feedback on driver performance.  

"The future looks bright for the industry. A recent automotive market study has revealed that demand for new vehicles is rising in the region, and that vehicle subscription is on the rise in South East Asia, as an alternative to ownership," Ocampo said.

TFSPH is supervised by the Bangko Sentral ng Pilipinas.

Photos from Toyota Motor Philippines

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