Toyota Access
A whole new way to buy a Toyota has arrived.
Introducing Toyota Access[T14]. All new levels of affordability, flexibility and assurance can now come standard with every new Toyota. Enjoy the security of real guarantees and say goodbye to the uncertainties you've come to expect from traditional methods of car ownership.
How Toyota Access works
- At the time of purchase, select your new Toyota
- Nominate the deposit you'd like to pay if any (the more deposit you pay, the less the repayments will be)
- Choose your term and number of kilometres you expect to travel over the term
- Toyota Finance will calculate the Guaranteed Future Value of your new Toyota
- Toyota Finance will then calculate your monthly repayments, with a final payment equal to your Guaranteed Future Value
- Tailor your own affordable package
Toyota Access[T14] is an easy and flexible way to put you in complete control when you're buying a new car.
The great thing about Toyota Access is it enables you to choose the car you really want today and still keep your options open tomorrow. Whatever stage you're at in life - going off to university, starting out on a career, settling down with a family or getting your life back as the kids leave home - you can have confidence about what's ahead. Toyota Access puts you in the driver's seat with affordability, flexibility and assurance.
What are your options at the end of your access term?
At the end of the agreement, you are still in control. You can decide whether to:
1. Trade-in or sell your Toyota - use the trade-in value or sale price to pay the remaining balance of your account.
2. Keep your Toyota - simply pay the outstanding balance (including the final payment). We can help you refinance the balance if you don't have the cash on hand (conditions apply).
3. Return your Toyota - we'll pay you the GFV we agreed at the start of your term and put it against the remaining balance owing on your account (subject to Fair Wear and Tear conditions and agreed kilometres being met).
You control the details
With Toyota Access, you get to choose your deposit and loan term (up to 48 months/4 years) when you buy your new Toyota and you also get to choose what to do with your car when the term is over; trade, keep or return the car.
Toyota Access takes the worry out of buying a car and provides great reassurance because Toyota guarantees the future value of the car. The Guaranteed Future Value is the minimum value of your New Toyota at the end of the loan term and is the amount Toyota Finance will pay you and be put against your final payment should you decide to return your car at the end of the term.
And, because Toyota Access comes with low monthly repayments and a short loan period, you can upgrade to any New Toyota without worry or hassle[T19].
Watch this video to find out more
FAQ's
What's a Guaranteed Future Value (GFV)?
It's the minimum value of your new Toyota at the end of your finance contract, as determined by Toyota Finance. If you decide to return your car to Toyota at the end of your term, Toyota Finance will pay you the GFV[T14], which will be put against the final payment.
Who decides the GFV, and how is it worked out?
Toyota Finance analysts set the GFV[T14], based on what they estimate vehicles will be worth in the future. This is done through sales results of similar vehicles, new model data and economic factors, with your loan term and agreed contract kilometre usage factored in.
Does the GFV equal the expected market value?
The GFV[T14] is the minimum value that Toyota Finance believes your vehicle will be worth at the end of your contract term. This is subject to the vehicle being returned in a condition that meets Fair Wear and Tear guidelines, and not having travelled more kilometres than the agreed contract usage. With this in mind, the GFV[T14] may be more or less than the actual value of the vehicle.
Do I have to keep the car in good condition?
Yes, if you want to take advantage of Toyota Finance's offer to buy the vehicle from you for the GFV[T14]. You will be given a Fair Wear and Tear Guide before you enter into your contract.
If there is a lot of damage can I return it and claim the GFV?
If your vehicle doesn't meet Fair Wear and Tear guidelines, Toyota Finance will give you the opportunity to have the vehicle repaired. Otherwise, Toyota Finance can organise the repairs and deduct the cost from your GFV[T14]. This adjusted GFV[T14] will then be the price that Toyota Finance will offer you if you return the car at the end of your term. Of course, if you keep the vehicle, the condition doesn't matter. And if you trade it in or sell it privately, the condition will obviously impact your sale price.
Can I trade my car?
Yes. You can trade your car at any time for a new vehicle, however you will need to pay the remaining balance of your account and forgo the GFV[T14].
Can I keep my car?
Yes. You simply pay out your finance contract at the end of the term. Toyota Finance may offer you the chance to extend, vary or refinance the final payment. If you choose this option, the GFV[T14] will no longer apply.
Can I sell my car privately?
Yes. Simply pay out the remaining balance of your account. If you do this, the GFV[T14] will no longer apply.
What if I drive extra kilometres?
If you travel more than your agreed kilometre usage, an excess usage adjustment will apply. This will be deducted from your GFV[T14], which then becomes your adjusted GFV[T14].
Is this a lease?
No. If you enter into a Toyota Access Consumer Loan Contract or Toyota Access Business Vehicle Loan, you own the vehicle, with Toyota Finance taking a security interest over it. However, if you enter into a Toyota Access Term Purchase agreement, Toyota Finance owns the vehicle until your finance contract is paid out. You may then be given the opportunity to purchase the car.
This sounds good, but do you charge more?
Toyota Access[T14] is competitively priced. As the final payment equates to the GFV[T14], the interest is higher than that of a loan with a similar amount and term without a balloon final payment. Of course, the deposit and any prepayment of monthly payments will help reduce charges. We suggest you seek financial advice to ensure this product is right for you.
If I use my car for business, are repayments tax deductible?
Toyota Finance does not provide business or tax advice. We suggest you seek independent advice.
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