Sgcarmart & KINTO Singapore revolutionize used car market with innovative leasing option

Mobility
29/11/2023 News

Sgcarmart, Singapore's leading car platform, has partnered with KINTO Singapore to introduce a game-changing 'Leasing as an Option' service for used car buyers. Targeting over 800 vehicles on Sgcarmart initially, the program aims to redefine car usage, offering a flexible alternative to ownership.

Buyers opting for the KINTO One leasing program experience the luxury of driving without the financial and administrative hassles of ownership. The fixed monthly fee covers road tax, insurance, wear and tear, maintenance costs, and introduces a Transferable No Claim Discount (NCD), a first in Singapore. In response to the current climate of high inflation and COE costs, the initiative caters to cost-sensitive consumers, providing significant savings on various ownership expenses.

Among the program's perks are a 22% fuel discount at Shell and Esso, a monthly complimentary concierge service with airport transfers, and a free replacement car when needed. Ben Lee, Sales Manager of Sgcarmart, emphasizes that this leasing offer aligns with evolving consumer needs and aims to stimulate used car sales through strong partnerships with dealers on Sgcarmart.com.

KINTO One, Singapore's latest car leasing lifestyle service, offers an all-inclusive solution with zero down payments, unlimited mileage, and coverage for road tax and insurance. Users also receive a free KINTO membership, unlocking a range of value-added services. As the program expands to include a wider range of makes and models in the coming months, Sgcarmart and KINTO Singapore are set to reshape the automotive landscape, providing a simplified and economical approach to car usage for today's discerning consumers.

Related news & insights

SME Banking
26/07/2024 Video

Opportunities and challenges for SMEs in post-COVID Asia

Aditya Sharma, Global Head of Small Business Products and Portfolio Clients at Standard Chartered Bank, discusses the trends and challenges...

ESG
24/07/2024 Video

Standard Bank's innovative Looksee platform to empower homeowners

Marc Du Plessis, the Executive Head of the Looksee Platform at Standard Bank, presents a product that has made a...

ESG
18/07/2024 Interview

The changemakers: La Banque Postale's journey to a mission-led future

Following the announcement of its company purpose in June 2021, the French bank La Banque Postale (LBP) became a mission-led...

Insurance
17/07/2024 Article

How AXA XL uses AI to protect what matters

Insurers are increasingly using AI and data to transform the way they operate. Laura Barkatz, Global Lead, Data Strategy, and...

Digital Reinvention
16/07/2024 Article

Voting opens for 2024 Qorus-Infosys Finacle Banking Innovation Awards

More than 390 innovations were submitted by 177 financial institutions from 57 countries for this year’s Qorus-Infosys Finacle Banking Innovation...

Digital Reinvention
16/07/2024 Article

Navigating the future : Crafting a robust technology strategy for sustainable growth

Fatih Öğün, Head of Strategy at Akbank, shares insights into how to formulate and implement a technology strategy that delivers...

Digital Reinvention
15/07/2024 Article

Financial Innovation Spotlight – July 2024 edition

This global innovation journey begins in Singapore, where OCBC Securities offers AI-driven personalized stock recommendations. Then we head to the...

Digital Reinvention
14/07/2024 News

Driving innovation in insurance: Insights from Santalucía's IMPULSA program

In a recent interview with El Referente, Ángel Uzquiza, Director of Innovation at Santalucía Seguros and Santalucía IMPULSA, shared insights...