Toyota Finance Business Fixed Rate Car Loan
Equipment finance
When it comes to picking a business car loan, Toyota Finance offers a range of benefits to help sweeten the deal. Purchasing a vehicle is an important step for your business, so we’re here to help make the process as simple as possible. As long as you’re an ABN holder, we’ll help you take care of the rest.
- Establishment fee
- $395
- Monthly fee
- $8
- Borrow
- From $5,000
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- On application
- Rate type
- Not published
- Security
- Not published
- Type of finance
- Equipment finance
Limits and fees
- Loan amount
- From $5,000
- Loan term
- 1 year to 7 years
- Establishment fee
- $395
- Monthly fee
- $8
How it compares
Against the other business loans we compare. Typical means the middle half of them.
Setup fee
$395
A typical setup fee is $395.
Monthly fee
$8
A typical monthly fee is $8.
Longest term
7 years
7 years is the usual longest term.
Pros and cons
Pros
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
Cons
- A $8 monthly fee. That adds $480 over 5 years, as well as the interest.
- An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.
- A $25 late payment fee. Setting up automatic repayments avoids it.