Business Vehicle Loan
A Business Vehicle Loan is a commercial loan designed to provide flexibility for people in business while the vehicle remains an asset of the business.
A Toyota Finance Business Vehicle Loan offers a flexible way for GST registered businesses to finance a vehicle that is used predominantly for business purposes. This loan gives you the security of knowing the vehicle is an asset of your business - even while you are paying it off. It offers the certainty of fixed repayments over a choice of loan terms from one to five years.
Additional payments can also be made at any time. You can also reduce your repayments by making a balloon final payment* at the end of the term - freeing up your business cash flow.
Plus you can finance options including on-road costs, extended warranty, insurance and roadside assistance as part of your finance package.
A Business Vehicle Loan also provides:
Daily interest calculations on the outstanding principal balance, so any additional payments you make reduce the total interest payable
Trade in and deposit options available
Minimum term of 12 months. Vehicle used predominantly for business.
Finance Lease helps to drive your business capital further.
This is a popular finance option for GST registered business customers to finance the lease of a business vehicle freeing up valuable capital for other business purposes.
Lease terms range from 1 to 5 years* with fixed payments and there's no limit on how many kilometres you can travel. At the end of the lease period you have the opportunity to make an offer to buy the vehicle and payout the lease or can extend the lease for an agreed further term. A Finance Lease can also include on-road costs including registration and compulsory third party charges#.
You should check with your accountant or financial adviser to determine whether this finance arrangement best suits your business' needs.
A Finance Lease also provides:
Financing for vehicles up to 5 years old
Finance for both Toyota and non-Toyota vehicles
Minimum term of 12 months. Maximum term of 60 months. Vehicle used predominantly for business and cannot be older than 3 years.
Vehicle ownership with payment flexibility
The Term Purchase finance option is suitable for businesses who want the security of vehicle ownership after the final payment is made.
If your business is looking to finance a vehicle to be used predominantly for business purposes and would like to have the security of owning the vehicle after the final payment is made, the Term Purchase provides registered businesses with the certainty of fixed repayments over terms of between one to five years.
You have the flexibility of reducing your monthly payments by making a balloon final payment* at the end of the term - freeing up your monthly cash flow. Other options such as on-road costs, extended warranty, insurance and roadside assistance can also be included.
Business customers have the option to offset depreciation, interest charges and vehicle running costs against your assessable income.
A fixed interest rate for the term of the loan
Ability for GST registered customers to claim part or full Income Tax Credit (ITC) for any GST costs incurred on the purchase of or finance of the vehicle on a Term Purchase agreement.
Potential to offset depreciation, interest charges and vehicle running costs
Minimum term of 12 months. Maximum term of 60 months.
#May not be applicable in all states.
*Subject to Toyota Finance policy and approval.
This information provided by Toyota Finance, a division of Toyota Finance Australia Limited ABN 48 002 435 181, Australian Credit Licence 392536 is of a general nature and for information only. Nothing on this website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any of the products and services featured on this website, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances.