Term Purchase

Term Purchase Available With Toyota Fleet Management

Term Purchase - also know as commercial hire purchase - offers 100% financing for the GST inclusive price of the vehicle. Following the final payment, legal ownership is transferred to the customer.

Toyota Fleet Management offers term purchase for companies whose end goal is to own the vehicle or vehicles outright come at the end of the lease.

Term Purchase contracts ranges from 12 to 84 months. As always, customers are in the driving seat and can choose to pay the full amount financed in fixed instalments loan or specify a balloon payment.

The many benefits include:

  • 100% financing for the GST-inclusive price of the vehicle at a known monthly cost
  • Protection from market fluctuations thanks to fixed interest rates for terms between 12 months and 84 months
  • Both liability and asset are shown on the balance sheet
  • Depreciation and interest are typically tax deductible, which may be attractive for assets with higher tax depreciation rates

Different vehicles benefit from different finance, as your asset management partner we will help you choose the best financing for your fleet needs.