Structured to suit your cash flow

What is a Term Purchase?

Term Purchase (or Commercial Hire Purchase) provides 100% financing for the GST inclusive price of the vehicle then transfers the risk of ownership to the customer and legal ownership when the final instalment is received.

Term Purchase is suitable for customers who intend to use their vehicle predominantly for business purposes. Customers should be able to demonstrate that the vehicle will be used for business purposes more than 50% of the time.

A Term Purchase represents the ideal choice if a company seeks to own the vehicle at the end of the repayment term.

What are the benefits?

• 100% financing for the GST inclusive price of the vehicle at a known montlhy cost.
  Fixed interest rate for terms between 12 months and 60 months, protecting you against market fluctuations.
• Customers may fully pay in equal instalments or specify a balloon, depending on cash flow preferences. The balloon can generally be refinanced at maturity.
• The liability and asset are both shown on the balance sheet.
• Rental payments are not tax deductible. Depreciation and the interest portion of the loan are usually fully tax deductible, which may be attactrative for assets with higher tax depreciation allowances.
• No excess kilometres apply and either a profit or a loss can be applied on eventual sale.

Other products available:

• Finance Lease
• Operating Lease
• Novated Lease Vehicle Package

Effective vehicle management without the risks

What is an Operating Lease?

An Operating Lease is a simple rental agreement for businesses, allowing a vehicle to be leased over a choice of fixed terms and kilometre usage programs.

An Operating Lease is an off balance sheet asset funding option for business, where one simple monthly rental can incorporate almost all vehicle running costs.

At the end of the term the vehicle is simply handed back, avoiding the risks associated with ownership as there is no residual value liability.

An Operating Lease out sources vehicle acquisition and disposal, the risk of ownership stays with Toyota Fleet Management. Customers can include some or all of the Fleet Management Services as part of the monthly payment, such as registration, tyres and vehicle running costs.

An Operating Lease is available on a range of new and used vehicles and asset classes from passenger cars to heavy commercial vehicles.

What are the benefits?

• Vehicle acquisition by Toyota Fleet Management allows you to benefit from our Australia wide buying power on all makes and models.
• 100% funding at a known monthly cost allows for easy budgeting. One consolidated monthly invoice detailing vehicle expenditure, making GST accounting simpler.
• Simplified administration, lease rentals, normally fully tax deductible (except Luxury vehicles), are expensed at the same rate in the profit and loss account and cash flows.
• No liability or asset is shown on the balance sheet, freeing up capital for other business investments.
• Maintenance, tyres, registration, and other running costs can be built into the rental to provide customers with a known fixed expense for varied terms and kilometres. Therefore, the customer has no maintenance risk.
• Vehicle servicing is managed by qualified mechanics using our purchasing power on vehicles, labour and parts. This allows for safety and OH&S compliance at low cost.

Other products available:

• Finance Lease
• Term Purchase
• Novated Lease Vehicle Package

Take the stress out of managing your fleet

What are Fleet Management Services?

At Toyota Fleet Management you can choose from a complete suite of fleet management services, whether your vehicles are owned or financed. Running a fleet of vehicles is not only one of the major expenses for businesses, but can also consume precious manangement time which could be spent focusing on core business activities.

What are the benefits?

• Reduced administration costs and overheads, helping you manage your fleet openly and efficiently.
• The ability to consistently monitor and report on the performance of your vehicles.
• Accurate analysis of the actual operating costs of vehicles.
• Access to a full suite of up-to-date on-line reports.
• Clear, detailed reporting allows you to make intelligent, informed decisions on your business fleet requirements.

What services are included?

Whether your fleet consists of passenger vehicles right through to heavy commercial equipment, across all makes and models, we can tailor a solution to suit your business requirements, including:

• Vehicle acquisitions & disposal
• Maintenance programs & maintenance control service
• Tyre management
• Registration renewals
• CTP renewals where required
• Traffic infringement manangement
• Fuel cards & fuel manangement
• Comprehensive insurance
• Fleet policy analysis & advice
• Specialist technical advice
• Performance management
• Fleet analysis & reporting
• FBT analysis & reporting
• Third party services
• Accident and breakdown service
• Mini Lease (Short term rental)

Free up your business capital

What is Sale & Lease back?

Sale & Lease back allows a company to raise instant capital through the sale of unencumbered vehicle assets currently on their balance sheet.

Toyota Fleet Management purchases the fleet vehicles, for either the written down value or market value, and then leases them back to the customer.

Each vehicle is given an appropriate lease term and kilometre allowance to reflect its usage and ensure that the lease expiry falls within the company vehicle replacement policy.

What are the benefits?

• Immediately frees significant capital to reinvest. The transaction can be structured to make the purchase price match the customer's tax and accounting requirements.
• Simplified fleet policy enables a customer to choose a future transaction date knowing that beyond that date all the capital, management and administration of their fleet has been outsourced.
• Reduces the number of head hours spent managing the fleet. Internal resources can be readily reallocated after the transaction, rather than continuing to manage a diminishing fleet.
• No disposal or maintenance risk.
• Fixed rentals or installments, improve cash flow forecasting.
• Reduces vehicle administration and reporting.

Additional benefits:

If you elect to have a fully maintained operating lease, Toyota Fleet Management will include repairs and maintenance, and registration/CTP renewals in the lease rental. Tyres are normally managed by Toyota Fleet Management on a need basis and recharged.

Additional services such as roadside assistance, accident management, and fuel cards are also available.

Other products available:

• Term Purchase
• Novated Lease Vehicle Package
• Finance Lease

Employee benefits, packaged for convenience

What is a Novated Lease Vehicle Package?

A Novated Lease Vehicle Package 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.

It is an agreement between an employee, their employer and Toyota Fleet Management.

The employee and their employer enter into a novation agreement with Toyota Fleet Management, under which the lessee's obligations are transferred to the employer and the employer pays the monthly rentals from the employee's salary.

This is a total vehicle packaging solution which can include vehicle expenses and fringe benefit tax management. Expenses for the vehicle's insurance and servicing are simply included in the monthly lease payment amount.

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.
• 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.

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 employees 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).
• Comprehensive reporting is provided to both the employer and employee.

Other products available:

• Sale and Lease Back
• Operating Lease
• Finance Lease
• Commercial Vehicles, Plant and Equipment

Managing every aspect of your fleet, big or small

How can Toyota Fleet Management assist with Commercial Vehicles, Plant and Equipment?

Toyota Fleet Management can fund and manage all your heavy commercial vehicle requirements, from small pantechs through to prime movers with specialised trailers.

With our highly competitive funding and background in fleet management, we have developed a range of finance and fleet management services for commercial vehicles.

As one of Australia's leading financiers and fleet managers with close ties to Hino, TICA, Toyota and Lexus, Toyota Fleet Management can tailor a fleet management solution to suit your business requirements.

What solutions are available?

• Operating Lease, Finance Lease, Term Purchase with a mix of maintenance packages
• Assistance in vehicle selection/specification
• Project managing the acquisition and build phase
• Service and maintenance options, including:
  - Manufacters Schedule Servicing
  - Full Maintenance Program
  - Tyres
• Registration renewal and infringement management
• Discounted fuel card and fuel management
• Accident and breakdown service
• Fleet analysis and on-line reporting
• Vehicle disposal service / remarketing

What type of assets can Toyota Fleet Management assist with?

Vehicles:

• Light to heavy rigids/prime movers
• Buses
• Garbage Compactors / Tankers
• Forklifts
• Trailers
• Mini Skid Steer Loaders

Ancillary Equipment:

• Tailgates
• Pumping Equipment
• Hydraulic Lifting Loading & Handling Systems
• Hoses & Cartwheels
• Pantech Bodies/Trays
• Services Bodies
• Refrigeration Equipment
• Winches
• Tanks
• Elevating Platforms

The perfect finance partnership

What is a Finance Lease?

A Finance Lease is one of the most straightforward financing options for a business when purchasing a new or used vehicle.

It transfers the risk of ownership to the customer without transferring legal ownership.

Toyota Fleet Management provides a fixed interest rate for terms between 12 and 60 months. A residual value is set in accordance with ATO guidelines for each asset class.

At the conclusion of the lease, the vehicle is returned. Toyota Fleet Management may extend the lease for a further term, or allow the customer to payout the lease and enter into a new lease agreement on another vehicle.

What are the benefits?

• Provides 100% financing at a known monthly cost.
• No capital outlay is required, therefore cash flow is protected.
• Fixed repayments make for easy future budgeting.
• Fixed interest rates protect you against market fluctuations.
• Lease rentals, normally fully tax deductible, are treated as lease amortisation and interest.
• Residual risk remains with the Lessee. No excess kilometres apply.

Other products available:

• Operating Lease
• Novated Lease Vehicle Package
• Term Purchase