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Business Guide — Finance
Learn about loans and leases for small to medium-sized businesses
No two businesses are the same. So when it comes to financing your small to medium-sized business fleet, we offer a range of loan and lease options. Here are five of them. Explore their benefits and find the one that aligns best with your business strategy.
5 mins readDriving your business forward has its own challenges. But when it comes to financing your small to medium-sized business fleet, we can simplify the process with a range of finance options that may suit your business needs. Let’s take a look.
As a business owner, every decision matters. While choosing the right vehicle for your fleet is important, a finance strategy that aligns with your individual business can help your business go the distance, now and in the long term. From tax features, to finance options where you can bundle your chosen services into a simple monthly payment, this article provides general information to support your vehicle finance journeyF14. As the discussion is general in nature, we recommend you consult with your own independent adviser in relation to your business’s own facts and circumstancesF15.
Loans
Before we explore two loan options that are available to small to medium businesses - the Fixed Rate LoanTF7 and the Toyota Access LoanTF7, it’s worthwhile looking at some of the taxation attributes they can offer your business.
- Interest deductions
While eligibility depends on individual business circumstances, your business may be able to claim the interest portion of loan payments as a tax deduction. This can lower the overall cost of financing your vehicle. We recommend speaking with a registered tax professional to understand what applies to your situationF14.
- Depreciation deductions
Vehicles typically decline in value over time. Your business may be eligible to claim tax depreciation as a tax deduction, depending on your circumstances. Special tax depreciation limit rules apply to luxury vehicles. We recommend consulting a registered tax professional to understand how this may apply to your businessF14.
- GST implications
If a vehicle is purchased and used for business purposes, your business may be able to claim GST input tax credits, depending on your circumstances. Special limit rules apply to luxury vehicles. Loan repayments (principal and interest) do not attract GST. It's important to seek advice from a registered tax agent or accountant to understand your eligibilityF14.
- FBT implications
For any vehicle used by the business that is held outside of a sole trader ownership structure and however financed (whether by loan, lease, term purchase, or from the business’s own funds), if the vehicle is available for the private use of an employee, fringe benefits tax (FBT) matters should be considered. For a sole trader, private use of the vehicle should be considered.
Fixed Rate LoanF6
The economy changes. Your rate stays the same for the life of your loan.
Financing your fleet with a Toyota Finance Fixed Rate LoanTF7 means you'll have predictable repayments when interest rates fluctuate. One of the greatest benefits of knowing the exact amount each repayment will be for the entire term of the loan is that you can budget more accurately and strategically.
Fixed Rate Loans can offer more than just rate certainty - some products may allow additional repayments, giving you the option of paying off your vehicle sooner and potentially reducing interest costs. Be cautious, however, of fees that may apply for early exit of your loan - features, fees, and eligibility vary between products and lenders. Speak with a licensed credit provider or broker to see what options suit your circumstancesF14.
At the end of your fixed rate loan term, once your business has repaid the loan, Toyota Finance will remove its security interest over the vehicle. You may then choose to keep it or trade it in, depending on what best fits your business needs and financial goals. For information specific to your loan, please review your contract or speak with your contact at Toyota Financial Services, or a licensed advisorF14.
Key features
Choose any Toyota
Select the Toyota that’s right for you from our range of new and used models.
Freedom of choice
Customise your deposit amount, your repayment term (up to 7 years) and your repayment frequency.
Convenience
You can incorporate on-road costs related to the purchase of your vehicle into your business fixed rate car loan.
Toyota Access LoanTF7
The loan that puts you in the driver’s seat.
The Toyota Access Loan offers flexible end-of-loan options and fixed repayments, with a Guaranteed Future ValueF2 that provides greater confidence about your vehicle’s value at the end of the loan, subject to terms and conditions. At the time of purchase, you’ll be asked to choose a car, loan term, deposit amount - if any, and agree on the number of kilometres you expect the car to travel before the loan ends. We’ll then guarantee the minimum GST-inclusive future value of your new car, otherwise known as the Guaranteed Future Value (GFV)F2, which will be used as the final balloon payment on your loan, subject to fair wear and tear and the estimated kilometres not being exceeded. When your term is up, you’ll have the flexibility to trade, keep or return your car as needed.
GFV is like a safety net for your car's value when your loan ends. It's smart because it locks in a minimum end-of-contract vehicle sale price for your business. From a cashflow perspective, a loan with a final balloon payment will result in lower monthly repayments than the same loan without a balloon final payment and with equal repayment amounts.
Toyota Access' end-of-loan options offer a financial trifecta of choice, adaptability, and assurance. Whether you're upgrading, holding onto your current Toyota, or returning it, these options align with your business’s financial and operational shifts, making it a strategic choice. The seamless trade-in, straightforward payoff or refinancing, and hassle-free return underscore a tailored approach to vehicle ownership, providing valuable peace of mind and financial predictability.
Key features
Guaranteed Future ValueF2
Gain peace of mind with a Guaranteed Future ValueF2 and know your exact minimum sale value at the end of your loan term, subject to fair wear and tear and agreed kilometres being met.
End-of-loan options
When your Toyota Access Loan ends, you will have three flexible options to choose from: trade, keep or return.
Toyota Access RepaymentsTF7
Toyota Access RepaymentsTF7 remain fixed for the life of the loan. Total transparency, no nasty surprises.
LeasesF14
- Available to small and medium-sized businesses
Let’s explore the difference between three leases. The Full-Service LeaseTF7, the Novated LeaseTF7 and the Complete LeaseTF7. These options may align with your financial strategy and should be considered. From potential deductions on lease payments to the ease of managing cash flow, leasing can simplify asset management.
- Deductible lease payments
For businesses, the monthly lease payments on a Toyota vehicle are usually fully deductible as a business expense, which can reduce the taxable income of your business. Sole traders using their vehicle partly for private purposes will need to consider their position. Special income tax rules apply where a luxury vehicle is leased. Interest and tax depreciation cannot be claimed on a lease of a non-luxury vehicle.
- GST benefits
Your business will usually be able to claim credits for the GST paid on lease payments (including services), further reducing the cost of leasing.
Toyota Full-Service LeaseTF7
All the excitement. Minus the fuss.
A Toyota Full-Service LeaseF6 is a form of operating lease and is a convenient way for businesses to get behind the wheel of an all-new Toyota for businesses. With one simple monthly payment, you will have service, maintenance and comprehensive insuranceF11 included for your vehicle. You also have the option to include registration, tyres and Roadside AssistF13. CTP and vehicle registration included for the first 12 months of the Full-Service Lease and are optional inclusions for the remaining term of your lease.
At the end of the lease, simply return your vehicle and, provided lease costs have been paid, agreed kilometres have not been exceeded, and fair wear and tear provisions have been observed, there are no further obligations in relation to the leased vehicle. Your business then has the opportunity to upgrade to finance a newer model to ensure your fleet remains modern. Upgrading is a great option, especially if your business evolves and your needs change. Just be aware your monthly repayment amount may increase.
Toyota’s Full-Service Lease makes vehicle adoption more accessible, with vehicles such as the All-Electric Toyota bZ4X, the Camry, RAV4 and even HiLux currently available to approved applicants.
Key features
Simplicity
One monthly payment, with no deposit required and nothing to pay upfront.
Convenience
Selected upfront and on-road costs including service and maintenance and comprehensive insuranceF11 are included. You also have the option to include Roadside AssistanceF13, registration and CTP renewal, tyres and a fuel or charging card. CTP and vehicle registration are included for the first 12 months of your lease.
New car feeling
UpgradeF10 your vehicle at the end of the lease. It’s a convenient way to choose the Toyota that's right for you at the time you need it.
Novated Finance Lease from Toyota Fleet ManagementT10TF7
A savvy approach to salary packaging.
A novated finance lease is a way to finance a car via ‘salary sacrifice’ or salary packaging. In a novated lease, the employer agrees to pay for the employee’s car lease and running costs during the term of the novation agreement, with the employer being compensated from the employee’s salary package through a combination of pre-tax and post-tax salary deductions.
A novated car lease allows your employees to drive the make and model car they want, without compromising their lifestyle.
For employees driving a car fully or predominantly for private purposes, a novated lease will usually result in after-tax disposable income gains compared with privately purchasing and operating the same car outside of packaging. For employers, packaging should be a cost-neutral way to enhance employee remuneration.
Novated leasing also simplifies budgeting, as it consolidates vehicle costs into one regular payment, covering everything from the car's price to its running expenses, including fuel, servicing, registration and CTP insurance renewals.
Special income tax rules apply to novated leases over a luxury vehicle.
At the end of the novated lease, employer obligations cease, meaning employers are only liable for lease rents and services while the novation agreement is active. In a Toyota Fleet Management novated finance lease, the employee (not the employer) carries an end-of-lease residual value indemnity obligation. At the end of the lease, the employee can either pay out the lease, extend the lease (with employer consent), or return the vehicle, subject to residual value indemnity.
Key features
Employee benefit
Designed to improve employee after-tax disposable income at no additional employer cost.
Predictability
A list of upfront costs and running costs are included in finance rents and services charges, helping you plan and budget.
Retention and attraction
Offering novated leases as part of your remuneration package can help attract and retain staff.
Complete Lease from Toyota Fleet ManagementTF7
Simplicity and convenience for small fleets.
The Complete Lease is a type of operating lease and consolidates all associated costs—sometimes including servicing, registration, and maintenance—into one manageable monthly payment. It's a compelling solution for businesses looking to manage their fleet with ease and predictability.
The Complete Lease is offered by Toyota Fleet Management, a division of Toyota Finance Australia that supports Toyota customers with financial and fleet solutions. Under this operating lease arrangement, Toyota Fleet Management retains ownership of the vehicle and leases it to you based on your selected term and kilometre usage.
With no concerns over vehicle depreciation or disposal at the end of the lease for a non-luxury vehicle, the Complete Lease provides a smart, worry-free approach to fleet management.
Key features
Good for cash flow
With no upfront deposit required, there’s no capital outlay to secure a Complete Lease. This may allow businesses to invest in other important areas.
Predictability
A list of upfront costs and running costs are included in finance rents and services charges, helping you plan and budget.
Convenience
A simple solution that helps you focus on your business operations. At the end of the lease term, simply hand back the vehicle with no residual value to pay.*
*On return, vehicle is subject to fair wear and tear and/or excess-km charges.
Ready to take the next step?
There are plenty of ways for your fleet to thrive with Toyota Finance. Your local Dealer can work with you to find a solution that can work for you and your business.
Final specifications and features may differ from those depicted.
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