Vantage Lease

Vantage
Lease
Lease your vehicle(s) with the option to offer to purchase for a fixed
amount at the end of the lease.
At a glance:
•Flexible initial
outlay (from one
monthly payment)
•Tax deductions
(for businesses)
•Include servicing
HOW DOES A VANTAGE LEASE
WORK?
HOW ARE THE PAYMENTS
STRUCTURED?
• With Vantage Lease your payments
• Your initial outlay is low – typically
are lower because you only pay for
the use of the vehicle. That’s because
even though you possess the vehicle,
payments in advance to have either
you do not own it. At the end of the
a ‘payment holiday’ at the end of
plan, there are a number of flexible
the lease or spread the remaining
alternatives open to you including
payments over the full term to lower
the ability to offer to purchase the
the normal payment amount.
vehicle for a predetermined amount.
• Provided your lease is for a term
and maintenance
greater than 24 months, we will also
(optional)
give you a free Guaranteed Minimum
•Option to offer to
equal to one monthly payment.
• You can choose to make more
• The residual value is also flexible
- in fact you can set it to suit your
requirements.
• Compared with traditional finance,
Value (GMV) Certificate – which
your payments are lower because
specifies (in advance) what we expect
they only include enough principal to
purchase at the end
the value of the vehicle to be at the
pay off the difference between the net
of plan
end of the plan.
purchase price and the residual value
•Flexible Residual
Value
•Protect resale value
with guaranteed
minimum value
option
• This means on termination of your
(the amount owing).
lease, if you finance your replacement
• Your payments are also lower because
vehicle with Toyota Finance Services,
the GST is paid with each payment
we will protect you by absorbing the
– as opposed to financing all of the
loss if the vehicle is worth less than
GST upfront as you would with a
originally calculated. Of course, if the
traditional finance agreement.
vehicle sells for more – the net profit
is yours to keep (see GMV Certificate
HOW LONG IS THE PLAN?
explanation overleaf for more
• The term of a Vantage Lease is from
details).
6 months to 60 months.
Any questions?
Your local Toyota Dealer will be able to answer
any questions you may have. Call us on
Vantage Lease
0508 GO TOYOTA (0508 46 86 96) and
we’ll direct you to your preferred dealership.
WHAT HAPPENS AT THE END OF
THE PLAN?
WHAT HAPPENS IF I AM UNABLE
TO MEET MY PAYMENTS?
• If you want to keep the vehicle,
• We recommend that you talk to
• Conversely, you can claim the full
GST on Extra Care products such as
No Worries Service Plans, Toyota
you can offer to purchase it from
your dealer about Toyota Payment
Vehicle Insurance and Toyota
Toyota Financial Services for a
Protection. Including Toyota
Payment Protection at the time of
pre-determined amount (acceptance
Payment Protection in your payments
entering the plan.
of this offer will be at the discretion
gives you the reassurance of knowing
of Toyota Financial Services).
that you will be covered if you are
full GST-inclusive on-road cost of
unable to meet your minimum
the vehicle excluding any Extra Care
simply hand back the keys, having
payments because of an accident,
services that may be taken up.
settled any outstanding amounts.
sickness, unemployment or death.
• If you wish to return the vehicle, you
We will then sell the vehicle for
be accountable if there is a shortfall
INCOME TAX, GST & FBT (WHERE
THE VEHICLE IS USED FOR
BUSINESS PURPOSES)
between the sale price and the
• With a Vantage Lease, the Income
the best price, however you may
residual value. If you are refinancing
Tax treatment is dependent on the
with Toyota Financial Services you
can protect yourself from a shortfall
by using your GMV Certificate
(see explanation below).
WHAT ABOUT ‘EXCESS
KILOMETRES’?
term of the plan (as follows):
Passenger vehicles
- 6 to 45 months – Rentals fully
deductible as an operating expense.
- 46 to 60 months – Interest
• We recommend that you seek
independent advice from your
financial advisor on how the above
tax treatments relate to you.
SERVICING
• You can spread the cost of servicing
and maintenance across your plan by
including them in your payments.
Please talk to your dealer about our
range of Extra Care products.
and depreciation costs are tax
deductible.
• If you drive more kilometres than
you originally planned, we will
Commercial vehicles
simply recalculate the GMV (based
- 6 to 60 months – Rentals fully tax
on the number of excess kilometres)
at the end of the plan.
• FBT (if applicable) is assessed on the
deductible as an operating expense
• There is a GST component
INSURANCE
• You are responsible for keeping the
vehicle comprehensively insured
throughout the term of the finance
plan. We can cover you with Toyota
Vehicle Insurance, which can be
easily included as part of your
payments.
incorporated into each lease
payment. The GST amount is
calculated on the principal vehicle
component of each payment, i.e.
excluding any Extra Care services
that are financed with the vehicle. GST is spread across the term of the
lease and if you are GST registered
you can claim GST as and when each
lease payment is due.
explained . . .
THE GUARANTEED MINIMUM
VALUE CERTIFICATE
To take advantage of your GMV Certificate, you
will need to:
•Finance your replacement vehicle with Toyota
Financial Services for at least $5,000 over a minimum term of 12 months or pay Toyota Financial
Services an Opt Out sum of $500.
•Keep the vehicle regularly serviced in accordance
with the manufacturer’s specifications.
•Stay within the agreed kilometre allowance. Your
GMV Certificate amount will be reduced on a per
kilometre basis should you exceed the allowance.
•Ensure the vehicle is returned in good condition
(allowance for fair wear and tear).
Standard terms and conditions are available from your Toyota dealership
TFSDP4012 09/09
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