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Term Purchase

This finance option represents the ideal choice if you seek the security of vehicle ownership. In essence, ownership of the vehicle passes to you upon receipt of your final installment.

If you wish, all on-road, registrations and insurance costs (first year only), and Toyota Extra Care services, can be included in your monthly installments. You can also choose to structure your agreement over a 12-60 month term with a final balloon payment, thereby setting your regular monthly payments to suit your budget requirements. If desired, the trade-in on your current vehicle can be used as a deposit to further reduce your payments.

The flexible nature of this agreement means you can choose to keep your vehicle at the end of the term by simply satisfying all of your obligations under the contract. If you have selected the option of a final balloon payment, we can assist you by refinancing that amount at maturity (approval conditions apply).

Where your vehicle is used for income producing purposes, interest charges, depreciation and other car related expenses may also be tax deductible. However, we recommend that you seek appropriate advice from your taxation or financial adviser as to the consequences of this financing option.


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