Finance

Grand Motors - Finance

Whether you are interested in a vehicle for yourself or your business, Grand Motors has a large range of vehicle finance solutions that can be tailored to suit your needs.

PERSONAL FINANCE

Grand Motors and Toyota Financial Services makes it easy for you to get in the driver’s seat. You are able to arrange finance, registration, insurance and an extended warranty all through us at the one time.

Consumer Fixed Rate Loan - Putting you in the driving seat. When you're looking to purchase a new or used motor vehicle that will be driven predominantly for personal, domestic or household use, a Toyota Financial Services Consumer Fixed Rate Loan is a fast and flexible way to get into the car you want - today!

Features and Benefits:

The security of a fixed interest rate for the term of the loan
A choice of loan terms ranging from 1 - 5 years
Financing for vehicles up to 7 years old
Finance for both Toyota and non-Toyota vehicles
A choice of flexible payment options
The ability to make extra repayments, reducing the total interest payable
The option of a balloon payment at the end of the loan - subject to capacity guidelines.

Novated Lease - A novated lease is a popular salary packaging tool. It provides employees with the opportunity to include a motor vehicle of their choice as part of their salary package.

A novated lease is an agreement between an employee, their employer and Toyota Financial Services. The employee and their employer enter into a novation agreement with Toyota Financial Services, under which the lessee's obligations are transferred to the employer and the employer pays the monthly rentals from the employee's salary.

Features:

The potential to access vehicle discounts available to their employer
Fixed payments for the term of the lease
A choice of lease terms from 1 - 5 years
A tax effective form of vehicle financing for the employee

If the employee changes their employment during the term of the novated lease, the payment obligations reverts to the employee. The employee may, however, be able to novate the lease to their new employer. This means an employer will not be left with any unwanted vehicles if an employee moves on.

Novated Lease Vehicle Package - You can also have a novated lease vehicle package; this has been designed to provide a total vehicle packaging solution which can include vehicle expenses and FBT management. An effective vehicle package management tool for employers of small to medium-sized businesses.

The following are included in the monthly lease rental:

Routine maintenance & servicing
Tyre replacement
Vehicle registration renewals (including CTP renewals where required)
Comprehensive Insurance renewals
Comprehensive reporting is provided to both the employer and employee
Caltex Fuel StarCard (provides a fuel discount off the pump price) billed on a monthly basis.

BUSINESS FINANCE

Business Vehicle Loan - The benefit of flexibility and tax effectiveness. A Business Vehicle Loan is a flexible commercial loan designed for sole traders, partnerships and companies that are looking to finance a vehicle used primarily for business purposes. Your business owns the vehicle and we take a mortgage over it, so it remains an asset of your business.

Features and Benefits:

The security of a fixed interest rate for the term of the loan
A choice of loan terms ranging from 1 - 5 years
Financing for vehicles up to 7 years old
Finance for both Toyota and non-Toyota vehicles
A choice of flexible payment options
Daily interest calculations on the outstanding principal balance, so any additional payments you make reduce the total interest payable
The option to reduce monthly payments with a balloon payment at the end of the term, freeing up cash flow for your business
No GST on monthly payments
The ability for GST registered customers to claim part or full Input Tax Credit (ITC) for any GST on the purchase of the vehicle for use in your business.

Term Purchase - Vehicle ownership with payment flexibility. The Term Purchase finance option is suitable for businesses who want the security of vehicle ownership after the final payment is made.

Features and Benefits:

A fixed interest rate for the term of the loan
A choice of contract terms ranging from 1 - 5 years
A balloon payment option - subject to capacity guidelines
The ability for GST registered customers to claim part or full Income Tax Credit (ITC) for any GST on the purchase of the vehicle for use in your business
The potential to offset depreciation, interest charges and vehicle running costs against assessable income where the vehicle is used in your business.

LEASE

Finance Lease - Driving your capital further. Finance Leases are a popular solution for businesses because they enable you to secure the vehicle of your choice today without a deposit, allowing you to retain your capital for other purposes.

Features and Benefits:

An attractive and affordable means of driving a new car every few years
A choice of lease terms ranging from 1 - 5 years
Fixed payments for the term of the lease
No fixed kilometre limits

At the end of your lease period there are a number of options available to you. For example, you may be able to extend the lease for a further agreed term, trade the vehicle in on a new vehicle or make an offer to purchase the vehicle from us.

CompleteLease - Fleet management for small business.

What is a CompleteLease? A CompleteLease is a managed operating lease facility for small to medium-sized businesses with fleets of up to 20 vehicles, available through certified CompleteLease Toyota Dealers. It is a simple and convenient way of managing a vehicle fleet and ideal for businesses that run ‘tool-of-trade’ vehicles.

What does it include? A new vehicle is leased by the business for a specific term at a fixed monthly rental, which includes full maintenance, tyre replacement and registration.

What happens at the end of the lease? At completion of the lease there are no further obligations provided the vehicle is returned in accordance with kilometre usage and fair wear and tear conditions.

What options can I include? A CompleteLease also gives you the option of including Toyota Extra Care Roadside Assist, Comprehensive Insurance and a Caltex Fuel StarCard, which provides a fuel discount off the pump price. Fuel costs are billed on a monthly basis.

The potential to access vehicle discounts available to their employer
Fixed payments for the term of the lease
A choice of lease terms from 1 - 5 years
A tax effective form of vehicle financing for the employee

If the employee changes their employment during the term of the novated lease, the payment obligations reverts to the employee. The employee may, however, be able to novate the lease to their new employer. This means an employer will not be left with any unwanted vehicles if an employee moves on.

Novated Lease Vehicle Package - You can also have a novated lease vehicle package; this has been designed to provide a total vehicle packaging solution which can include vehicle expenses and FBT management. An effective vehicle package management tool for employers of small to medium-sized businesses.

The following are included in the monthly lease rental:

Routine maintenance & servicing
Tyre replacement
Vehicle registration renewals (including CTP renewals where required)
Comprehensive Insurance renewals
Comprehensive reporting is provided to both the employer and employee
Caltex Fuel StarCard (provides a fuel discount off the pump price) billed on a monthly basis.

For more information on the many wide range of finance options available, please contact our Business Managers today.