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FINANCE |
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Whether you are interested in a vehicle for yourself or your business, our range of
vehicle finance solutions can be tailored to suit your needs.
Personal
Frankston Toyota makes it easyfor you to get in the driver’s seat
At Frankston Toyota, we can arrange finance, registration, insurance and an extended
warranty all at the one time.
Consumer Fixed Rate Loan
Putting you in the driving seat
When you're looking to purchase a new or used motor vehicle that will be driven
predominantly for personal, domestic or household use, a Frankston Toyota Consumer
Fixed Rate Loan is a fast and flexible way to get into the car you want - today! Features and Benefits:
- The security of a fixed interest rate for the term of the loan
- A choice of loan terms ranging from 1 - 5 years
- Financing for vehicles up to 7 years old
- Finance for both Toyota and non-Toyota vehicles
- A choice of flexible payment options
- The ability to make extra repayments, reducing the total interest payable
- The option of a balloon payment at the end of the loan
- subject to capacity guidelines.
Novated Lease
A novated lease is a popular salary packaging tool. It provides employees with the
opportunity to include a motor vehicle of their choice as part of their salary package.
A novated lease is an agreement between an employee, their employer and Toyota
Financial Services. The employee and their employer enter into a novation agreement
with Toyota Financial Services, under which the lessee's obligations are transferred to the
employer and the employer pays the monthly rentals from the employee's salary. Features:
- The potential to access vehicle discounts available to their employer
- Fixed payments for the term of the lease
- A choice of lease terms from 1 - 5 years
- A tax effective form of vehicle financing for the employee
If the employee changes their employment during the term of the novated lease,
the payment obligations reverts to the employee. The employee may, however, be able
to novate the lease to their new employer. This means an employer will not be left with
any unwanted vehicles if an employee moves on.
Novated Lease Vehicle Package
You can also have a novated lease vehicle package;
this has been designed to provide a total vehicle packaging solution which can include
vehicle expenses and FBT management. An effective vehicle package management tool
for employers of small to medium-sized businesses. The following are included in the
monthly lease rental:
- Routine maintenance & servicing
- Tyre replacement
- Vehicle registration renewals (including CTP renewals where required)
- Comprehensive Insurance renewals
- Comprehensive reporting is provided to both the employer and employee
Caltex Fuel StarCard (provides a fuel discount off the pump price) billed on a monthly basis. Business
Choose from a range of business finance solutions
If you are using your vehicle for business purposes we offer an extensive range of business
vehicle finance solutions. Select the one that suits your business cash flow, taxation and
structural requirements. You may also wish to consider our Lease options for your business.
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. Features and Benefits:
- A fixed interest rate for the term of the loan
- A choice of contract terms ranging from 1 - 5 years
- A balloon payment option - subject to capacity guidelines
- The ability for GST registered customers to claim part or full Income Tax Credit (ITC) for any GST on the purchase of the vehicle for use in your business
The potential to offset depreciation, interest charges and vehicle running costs
against assessable income where the vehicle is used in your business.
The benefit of flexibility and tax effectiveness
A Business Vehicle Loan is a flexible commercial loan designed for sole traders,
partnerships and companies that are looking to finance a vehicle used primarily for
business purposes. Your business owns the vehicle and we take a mortgage over it, so it
remains an asset of your business. Features and Benefits:
- The security of a fixed interest rate for the term of the loan
- A choice of loan terms ranging from 1 - 5 years
- Financing for vehicles up to 7 years old
- Finance for both Toyota and non-Toyota vehicles
- A choice of flexible payment options
- Daily interest calculations on the outstanding principal balance, so any
additional payments you make reduce the total interest payable
- The option to reduce monthly payments with a balloon payment at the end of the
term, freeing up cash flow for your business
- No GST on monthly payments
The ability for GST registered customers to claim part or full Input Tax Credit (ITC)
for any GST on the purchase of the vehicle for use in your business. Lease
Secure the vehicle of your choice today, without a deposit so you can retain your capital
If you are considering leasing for more than 20 vehicles, please view our Fleet
management and leasing options where a dedicated Fleet Relationship Manager can
review you business and recommend the best solution for you.
Finance Lease
Driving your capital further
Finance Leases are a popular solution for businesses because they enable you to
secure the vehicle of your choice today without a deposit, allowing you to retain your
capital for other purposes. Features and Benefits:
- An attractive and affordable means of driving a new car every few years
- A choice of lease terms ranging from 1 - 5 years
- Fixed payments for the term of the lease
- No fixed kilometre limits
At the end of your lease period there are a number of options available to you. For
example, you may be able to extend the lease for a further agreed term, trade the vehicle
in on a new vehicle or make an offer to purchase the vehicle from us.
Fleet management for small business
What is a CompleteLease?
A CompleteLease is a managed operating lease facility
for small to medium-sized businesses with fleets of up to 20 vehicles, available through
certified CompleteLease Toyota Dealers. It is a simple and convenient way of managing
a vehicle fleet and ideal for businesses that run ‘tool-of-trade’ vehicles.
What does it include?
A new vehicle is leased by the business for a specific term at a
fixed monthly rental, which includes full maintenance, tyre replacement and registration.
What happens at the end of the lease?
At completion of the lease there are no further
obligations provided the vehicle is returned in accordance with kilometre usage and
fair wear and tear conditions.
What options can I include?
A CompleteLease also gives you the option of including
Toyota Extra Care Roadside Assist, Comprehensive Insurance and a Caltex Fuel StarCard,
which provides a fuel discount off the pump price. Fuel costs are billed on a monthly basis.
Novated Lease
A novated lease is a popular salary packaging tool. It provides employees with the
opportunity to include a motor vehicle of their choice as part of their salary package.
A novated lease is an agreement between an employee, their employer and Toyota
Financial Services. The employee and their employer enter into a novation agreement
with Toyota Financial Services, under which the lessee's obligations are transferred to
the employer and the employer pays the monthly rentals from the employee's salary. Features:
- The potential to access vehicle discounts available to their employer
- Fixed payments for the term of the lease
- A choice of lease terms from 1 - 5 years
- A tax effective form of vehicle financing for the employee
If the employee changes their employment during the term of the novated lease, the
payment obligations reverts to the employee. The employee may, however, be able to
novate the lease to their new employer. This means an employer will not be left with
any unwanted vehicles if an employee moves on.
Novated Lease Vehicle Package
You can also have a novated lease vehicle package;
this has been designed to provide a total vehicle packaging solution which can include
vehicle expenses and FBT management. An effective vehicle package management
tool for employers of small to medium-sized businesses. The following are included in
the monthly lease rental:
- Routine maintenance & servicing
- Tyre replacement
- Vehicle registration renewals (including CTP renewals where required)
- Comprehensive Insurance renewals
- Comprehensive reporting is provided to both the employer and employee
Caltex Fuel StarCard (provides a fuel discount off the pump price) billed on a monthly basis.
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