Terry Shields Toyota Business Financing Options
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 Toyota Financial services 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 - 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 Toyota Financial Services.
