FAQs

The same auto lending products are available for petrol, diesel and hybrid vehicles. For private buyers the most popular option is the Secured Car Loan. For business buyers, the choice is between Lease, Chattel Mortgage and Commercial Hire Purchase.

First loan applicants that do not have a credit history, may choose to use a broker to source no credit options. First time credit applicants may also consider a guarantor or co-signer to obtain more workable rates and conditions.

Applications for motor vehicle credit can be submitted via online portals. Applicants do not have to attend in-person interviews. There are lenders and brokers that offer 24 hour approvals.

New operators without full financials may use a broker to source start-up HiAce funding options through specialist lenders.

Commercial operators without all the documents for the credit applications may consider using a broker to access Low Doc and No Doc HiLux funding.

Buyers can use an online finance calculator to generate estimated repayments to compare credit payments on different Toyota models.

New vehicles are typically accepted as security for funding by lenders. Most buyers will not need to provide additional collateral on new vehicle credit.

Interest rates are offered by lenders based primarily on the assessment of the credit profile and ability to repay the commitment of the applicant. Rates on all types of new SUVs would typically be the same for that applicant. Vehicles are assessed in terms of age and condition with differences between new and used vehicle credit rates. Rates also vary across the lending market.