Ever wanted to own a brand-new luxury car, but you’re not keen on paying too much for a model that you plan to replace in a few years?

Lexus Philippines may have something that would work for you.

The Japanese carmaker announced in a December 2022 press statement that the Lexus IS and ES sedans, along with the NX and RX crossovers, can be leased through Toyota Financial Services' “KINTO One” program.

A lease is a type of financing where a buyer pays a monthly fee over a set period, but the ownership and maintenance of the vehicle are covered by the dealer. Unlike regular financing plans, leases don’t require downpayments.

At the end of the leasing period, the customer can choose to keep the car or return it and get a new one.

In Lexus’ case, the aforementioned models are available with 36-month or 48-month terms, with a maximum mileage of 15,000 kilometers a year.

The package also includes periodic maintenance, normal-wear-and-tear parts replacement, annual comprehensive insurance, annual registration and exclusive KINTO concierge service over the lease period.

Meanwhile, the lease payments for each model are as follows:

• Lexus NX – starts at PhP 70,964 a month

• Lexus IS – starts at PhP 72,974 a month

• Lexus ES – starts at PhP 81,994 a month

• Lexus RX – starts PhP 92,424 a month

Would you take out a lease for a brand-new Lexus?