Vantage Lease Lease your vehicle(s) with the option to offer to purchase for a fixed amount at the end of the lease. At a glance: •Flexible initial outlay (from one monthly payment) •Tax deductions (for businesses) •Include servicing HOW DOES A VANTAGE LEASE WORK? HOW ARE THE PAYMENTS STRUCTURED? • With Vantage Lease your payments • Your initial outlay is low – typically are lower because you only pay for the use of the vehicle. That’s because even though you possess the vehicle, payments in advance to have either you do not own it. At the end of the a ‘payment holiday’ at the end of plan, there are a number of flexible the lease or spread the remaining alternatives open to you including payments over the full term to lower the ability to offer to purchase the the normal payment amount. vehicle for a predetermined amount. • Provided your lease is for a term and maintenance greater than 24 months, we will also (optional) give you a free Guaranteed Minimum •Option to offer to equal to one monthly payment. • You can choose to make more • The residual value is also flexible - in fact you can set it to suit your requirements. • Compared with traditional finance, Value (GMV) Certificate – which your payments are lower because specifies (in advance) what we expect they only include enough principal to purchase at the end the value of the vehicle to be at the pay off the difference between the net of plan end of the plan. purchase price and the residual value •Flexible Residual Value •Protect resale value with guaranteed minimum value option • This means on termination of your (the amount owing). lease, if you finance your replacement • Your payments are also lower because vehicle with Toyota Finance Services, the GST is paid with each payment we will protect you by absorbing the – as opposed to financing all of the loss if the vehicle is worth less than GST upfront as you would with a originally calculated. Of course, if the traditional finance agreement. vehicle sells for more – the net profit is yours to keep (see GMV Certificate HOW LONG IS THE PLAN? explanation overleaf for more • The term of a Vantage Lease is from details). 6 months to 60 months. Any questions? Your local Toyota Dealer will be able to answer any questions you may have. Call us on Vantage Lease 0508 GO TOYOTA (0508 46 86 96) and we’ll direct you to your preferred dealership. WHAT HAPPENS AT THE END OF THE PLAN? WHAT HAPPENS IF I AM UNABLE TO MEET MY PAYMENTS? • If you want to keep the vehicle, • We recommend that you talk to • Conversely, you can claim the full GST on Extra Care products such as No Worries Service Plans, Toyota you can offer to purchase it from your dealer about Toyota Payment Vehicle Insurance and Toyota Toyota Financial Services for a Protection. Including Toyota Payment Protection at the time of pre-determined amount (acceptance Payment Protection in your payments entering the plan. of this offer will be at the discretion gives you the reassurance of knowing of Toyota Financial Services). that you will be covered if you are full GST-inclusive on-road cost of unable to meet your minimum the vehicle excluding any Extra Care simply hand back the keys, having payments because of an accident, services that may be taken up. settled any outstanding amounts. sickness, unemployment or death. • If you wish to return the vehicle, you We will then sell the vehicle for be accountable if there is a shortfall INCOME TAX, GST & FBT (WHERE THE VEHICLE IS USED FOR BUSINESS PURPOSES) between the sale price and the • With a Vantage Lease, the Income the best price, however you may residual value. If you are refinancing Tax treatment is dependent on the with Toyota Financial Services you can protect yourself from a shortfall by using your GMV Certificate (see explanation below). WHAT ABOUT ‘EXCESS KILOMETRES’? term of the plan (as follows): Passenger vehicles - 6 to 45 months – Rentals fully deductible as an operating expense. - 46 to 60 months – Interest • We recommend that you seek independent advice from your financial advisor on how the above tax treatments relate to you. SERVICING • You can spread the cost of servicing and maintenance across your plan by including them in your payments. Please talk to your dealer about our range of Extra Care products. and depreciation costs are tax deductible. • If you drive more kilometres than you originally planned, we will Commercial vehicles simply recalculate the GMV (based - 6 to 60 months – Rentals fully tax on the number of excess kilometres) at the end of the plan. • FBT (if applicable) is assessed on the deductible as an operating expense • There is a GST component INSURANCE • You are responsible for keeping the vehicle comprehensively insured throughout the term of the finance plan. We can cover you with Toyota Vehicle Insurance, which can be easily included as part of your payments. incorporated into each lease payment. The GST amount is calculated on the principal vehicle component of each payment, i.e. excluding any Extra Care services that are financed with the vehicle. GST is spread across the term of the lease and if you are GST registered you can claim GST as and when each lease payment is due. explained . . . THE GUARANTEED MINIMUM VALUE CERTIFICATE To take advantage of your GMV Certificate, you will need to: •Finance your replacement vehicle with Toyota Financial Services for at least $5,000 over a minimum term of 12 months or pay Toyota Financial Services an Opt Out sum of $500. •Keep the vehicle regularly serviced in accordance with the manufacturer’s specifications. •Stay within the agreed kilometre allowance. Your GMV Certificate amount will be reduced on a per kilometre basis should you exceed the allowance. •Ensure the vehicle is returned in good condition (allowance for fair wear and tear). Standard terms and conditions are available from your Toyota dealership TFSDP4012 09/09