Toyota Access Loan

This fee covers the dealership's cost of preparing your finance application on Toyota Finance's behalf.
The Toyota Finance & Insurance Manager within the dealership is responsible for explaining the different types of finance products to you and arranging all the necessary paperwork to submit, manage and finalise your finance application

$912.25

This fee applies when a payment is made by BPay. You can avoid this fee by setting up a Direct Debit at the start of your loan, so you don't pay fees on your regular repayments. To switch to Direct Debit payments log into your Toyota Finance Online account or contact us.

$1.50

This fee applies when a payment is made by BillPay, cheque, or direct deposit. You can avoid this fee by setting up a Direct Debit at the start of your loan, so you don't pay fees on your regular repayments. To switch to Direct Debit payments log into your Toyota Finance Online account or contact us.

$3

This fee applies for replacement, supplementary, or new payment cards when you switch from Direct Debit to another payment method after the loan start date. You can avoid this fee by setting up a Direct Debit on all your future repayments, so you don't pay fees on your regular repayments. To switch to Direct Debit payments log into your Toyota Finance Online account or contact us.

$5

This fee applies if your Direct Debit or Cheque payment is dishonoured. You can avoid this fee by checking that your account has sufficient funds when payments are due to be debited. You can also change the date of your payments by contacting us.

$3.25

This fee applies if you're late or miss a repayment, and your account goes into arrears. Toyota Finance will contact you about the overdue amount, and this is mentioned in your loan contract as an Arrears Follow-up Fee. You can avoid this fee by ensuring that your account does not go into arrears. You can also change the date of your payments by contacting us.

$25

This fee applies if you request contract documentation from the Toyota Finance National Customer Solutions Centre. You can avoid this fee by login into Toyota Finance Online where you can view, download, and print your loan documentation online without incurring this fee.

$25

$750.00 multiplied by the number of whole months after the date of termination to the end of the contracted term, divided by the number of whole months in the contracted term. This fee applies if your loan is repaid before its scheduled end date. You can avoid this fee continuing with your scheduled loan repayments until the agreed completion date of the loan.

To apply for car finance you will need to provide the following:

Proof of Identity

• Driver's license - at least one person on the finance application
• Passport or Proof of Age card

One of the following:

• Valid Medicare
• Valid Credit/Debit card
• Valid Veteran card

Proof of income – one of the following combinations

Employed

• Payslip including year to date summary (unless Jul/Aug) or
• 3 x consecutive payslips (if no YTD or Jul/Aug) or
• Employment contract and 3 months bank statement (if recently started)

Self Employed

• Tax Return or
• Business Financials
• Proof of residence

Proof of residence

Homeowner/buyer

• Rates notice

Renting

• Tenancy Agreement

Boarding or living with parents

• Proof of address
  

Understanding of monthly expenses - you will be asked about your current monthly expenses. It is best to be prepared with a list of your monthly expenses.

We have a checklist you can print to make sure you have everything you need.

PDF Checklist

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 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 being met). When your term is up, you'll have the flexibility to trade, keep or return your car as needed.

An excess usage adjustment of $0.0635 per kilometre will apply if, at the end of the term, you have travelled more than the agreed end odometer. This will be deducted from your Guaranteed Future Value (GFV)^[F2], which then becomes your adjusted GFV.

If your car doesn't meet the fair wear and tear guide, Toyota Finance will give you the opportunity to have the car repaired. Otherwise, Toyota Finance can organise the repairs and deduct the cost from your Guaranteed Future Value (GFV)^[F2]. This adjusted GFV will then be the price Toyota Finance will offer you if you return the car at the end of your term. Of course, if you keep the car, the condition won't matter; however, if you trade it in or sell it privately, the condition will impact your sale price.

Toyota Finance analysts set the Guaranteed Future Value^[F2] based on what they estimate the car will be worth in the future. This is done through sales results of similar cars, new model data and economic factors, with your loan term and agreed end odometer factored in.

No. If you enter into a Toyota Access Consumer Loan or Toyota Access Business Vehicle Loan, you own the car and Toyota Finance will have a security interest over it.

When your loan term ends, you have the choice of one of three flexible options:Trade for a new model - If the trade-in value is higher than your outstanding loan balance, you can put the difference towards your new Toyota.Keep your Toyota - Simply pay the remaining balance owing on your loan, or we can help you refinance that amount, if you don't have the cash on hand (conditions apply).

Return your Toyota - Toyota Finance will pay you the Guaranteed Future Value^[F2] agreed at the start of your loan, (subject to fair wear and tear and agreed kilometres being met) and put it against the remaining balance owing on your account.You'll just need to let us know what you would like to do around 180 days before your car loan term end.