Big inside, small on the outside.
Bolder, sportier and more fun.
Advanced styling inside and out.
A legend reborn.
Best of all worlds.
Performance and efficiency.
Return of recreation.
Sleek and muscular small SUV.
The SUV for every journey.
Tough to the task.
The ultimate family SUV.
Tough, durable and comfortable.
For the toughest challenges in style.
The legendary workhorse.
Professional and reliable.
Comfort and versatility.
With all the amazing offers happening at Downtown Toyota, there has never been a better time to get a new or used car on a novated lease car loan.
Looking for a cost-effective and convenient way to buy and own a car? Look no further than a Novated Lease!
So, you’re looking to buy your next car? Whether it be a brand new HiLux or a reliable pre-loved Corolla, a car that suits you and your needs is what Downtown Toyota is known for.
Owning your own car comes with some upfront costs that include the cost of your car, registration and insurances. But the majority of us Aussies don’t have the funds on hand to be able to just go out and buy a car outright; they need some sort of financial assistance.
When buying your new car, you could take out a secured fixed-rate car loan, or you could explore the option of potentially reducing your taxable income through a novated lease.
Put simply, a novated lease is a form of salary sacrifice where you can finance a new, used or demo vehicle through a unique employee-benefit arrangement that involves your employer, a financier and yourself.
When it comes to a novated lease, there is a vast array of benefits, including:
Pre-Tax Repayments – The repayments you make are partly sourced from your pre-tax income, meaning there is a possibility of paying less tax and having more disposable income.
No GST Payments – With a novated lease, there is no GST added to the purchase price of the car, which in turn could save you thousands in upfront costs.
Budget Convenience – One of the popular reasons people tend to purchase a car with a novated lease is the ability to have your running costs deducted from your pay and spread out over the year. Things like registration, servicing, and insurance are covered and can align with your pay cycle.
There are a couple of types of novated leases available when it comes to financing a car:
This type of lease is one that is maintained by a third party, who can also assist with sourcing the car, negotiating the price, arranging finance, conversing with the mechanics that maintain your vehicle and creating a budget for your running costs. Most people tend to select this option as it allows peace of mind and you can go about your day knowing that when it comes to your car, things are taken care of.
This type of novated lease is one where you are in complete control. You handle everything from start to finish (vehicle sourcing, financing etc) and when it comes to maintaining the vehicle itself, you take full responsibility when it comes to ensuring your vehicle is being looked after by trustworthy professionals.
There are a few things that can be done once the lease ends. They are:
Pay the residual amount – Once the lease has ended, there is a residual amount that is left over that you will be required to pay if you wish to purchase the car then and there.
Trade in your car – Use the money you acquire from the trade in to pay off the residual amount and then enter in a new novated lease agreement to purchase a new car.
Re-leasing your car – This is when you enter a new lease to pay the residual amount that is left over from the original lease.
Sell your car – Sell your car and use the money to pay off the residual amount left.
We want to help find the car that’s right for you. Contact us today at Downtown Toyota and one of our finance professionals can talk you through your finance options to get you on the road in your new Toyota today!
Finance & Insurance
753 Wynnum Road
Morningside, QLD 4170
View Location Map & Get Directions
753 Wynnum Road
Morningside QLD 4170
Phone: 07 3896 0100
Fax: 07 3399 6966
68 Freight Street
Lytton QLD 4178
Phone: 07 3348 4222
Fax: 07 3348 4188
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