Toyota Feeling — Lifestyle
Toyota Access vs. a Standard Car Loan
Compare Toyota Access flexibility, features and peace of mind with the standard car loans offered by most banks and lenders.
Comparing costs, convenience and flexibility
Purchasing a new or used car involves countless decisions — from the make and model to the colour and features. If you plan to finance your vehicle the choices across lenders, loan types and terms can be overwhelming.
To help you make an informed decision we’ve compared a Toyota Access loan to a standard car loan similar to those offered by most banks and lenders.
The key benefits of Toyota AccessF3
Lower monthly repaymentsF9
Flexible end-of-loan options
Three key differences from a standard car loanF3
A standard loan may suit if you want traditional finance or a longer loan term. If you finance via your bank, they can offer the convenience of managing your car loan alongside your other accounts. But it’s unlikely they will offer:
- a Guaranteed Future Value (GFV)F2
- access to lower monthly repaymentsF9
- options at the end of your loan.
1. A guarantee on your vehicle’s future value
A key difference is that generally standard loans don’t offer a Guaranteed Future Value (GFV)F2. When a standard loan ends, your vehicle’s worth (if you want to sell) will depend on an unpredictable market rate.
A GFV is the minimum value of your Toyota at the end of the Toyota Access loan term; you’ll know exactly how much your car is worth at the end of your loan. If you decide to return your car to Toyota Finance at the end of your term, we will pay you the agreed GFV, which will be put against your final payment subject to Fair Wear and Tear Guidelines and agreed kilometres being met.
2. Find your freedom with the option of lower monthly repaymentsF9
Want the option of lower monthly repaymentsF9? With a standard loan you generally pay a deposit and choose a loan term based on your budget. Some banks and lenders offer variable rate loans – if interest rates rise, so does your monthly repayment.
A Toyota Access loan has a fixed rate for the life of the loan, so even as interest rates change, you have the peace of mind of knowing your repayment stays the same. And the GFV that comes with Toyota Access – equal to your final loan payment – may also contribute to lowering your repaymentsF9 compared to a standard car loan.
3. Keep your options open
A standard loan ends after the final repayment with you owning the vehicle. It's yours to keep or sell at the mercy of market conditions.
We don’t always know what the road ahead will bring, so it’s good to have flexibility. Toyota Access puts you in the driver’s seat with three flexible options at the end of your loan:
Trade your vehicle
When you’re ready for that new car feeling, talk to your local dealership about upgrading your Toyota. If the trade-in value is higher than your loan balance (equal to your GFV), you can put the difference towards your new vehicle or keep it.
Keep your vehicle
If you’re attached to your Toyota, you can make it yours by paying out or refinancing the remaining loan balance (equal to your GFV)F6.
Return your vehicle
If you're ready to hand back the keys at the end of your term, we will pay you the GFV to cover your final loan repayment subject to Fair Wear and Tear Guidelines and agreed kilometres being met.
The right finance for your next Toyota
The right loan for you depends on your personal financial goals and budget. Taking out a loan is an important decision and requires thorough research. Everyone’s personal financial circumstances are different, so finance that’s suitable for one person may not be the right choice for someone else.
There’s a range of Toyota Finance products to help get you on the road.