Domenic Pileggi
Finance Consultant
Would you like to discuss finance options for your new or pre-owned vehicle with an experienced financial consultant?
Finance is available to approved customers on all our new and pre-owned vehicles. Our Business Manager can provide you with a range of tailored packaged options - at very competitive rates with our provider, Toyota Financial Services. Speak with us now, or make an appointment to see our Business Manager in our Finance Department today.
PERSONAL
When you're looking to purchase a new or used motor vehicle that will be driven predominantly for personal, domestic or household use, Werribee Toyota can help you arrange a Toyota Financial Services Personal Vehicle Loan as a fast and flexible way to get into the car you want - today!
Features and Benefits include:
- 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.
BUSINESS VEHICLE LOAN (CHATTEL MORTGAGE)
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. Yours business owns the vehicle and we take a mortgage over it, so it remains an asset of your business
Business Vehicle Loans provide:
- 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
- The security of a fixed interest rate for the term of the loan
- 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.
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 a three way agreement. The employee, as lessee and the employer enter into a novated lease agreement with Toyota Fleet Management as the lessor.
All of the lessee's obligations to pay vehicle lease rentals are transferred ("novated") to the employer. The employer then makes such payments to Toyota Fleet Management on behalf of the employee for the term of the novation - or until employment ceases, should it occur during the lease term. Employees can choose their own vehicle, and have their employer pay the vehicle lease rental from their gross salary, potentially giving them a higher disposable income.
Toyota Fleet Management can also administer post tax employee contributions to minimise fringe benefit tax liability.
Employee benefits:
- Greater flexibility with the choice of a vehicle.
- Financing for the vehicle is paid with pre-tax dollars.
- Employee can make an offer to purchase the vehicle at the end of the novated lease term.
- Fixed payments for the term of the lease.
- A choice of lease terms from 1 - 5 years.
- The vehicle may be leased for 100% private use.
- More than one vehicle may be leased with employer's consent.
Employer benefits:
- Removes liability and asset from balance sheet.
- Reduces administration - one invoice for all novated vehicles.
- An easy and cost-effective way to add value to an employee's remuneration package.
- The vehicle stays with the employee, even if they move to a new job.
- Employer does not have to worry about vehicle sale or disposal at the end of term.
- Reduces payroll tax and Work Cover expenses (subject to State laws).
Approved applicants only. Terms and conditions apply. Toyota Finance is a division of Toyota Finance Australia Limited. Toyota Insurance is issued by Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.