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Car Leasing Explained

3 MIN read

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people discussing

A car lease typically means your running costs are rolled into one convenient monthly repayment. As costs are often fixed, there are no surprises and you’ll know what your monthly expenditure will be. This is also the case with a Toyota Finance Full-Service Lease[F6], and at the end of the selected lease term, you may be eligible to upgrade[F10] to a new vehicle or simply return the vehicle.


This differs to a standard consumer car loan, in which you might pay a deposit plus repayments over a set number of years, eventually owning your vehicle outright. With a Toyota Finance Full-Service Lease[F6], you can experience driving a new vehicle without the hassles associated with ownership.

While both options have their advantages, your life stage, lifestyle and financial situation can make all the difference to your decision between a loan and a lease. Everyone is different and we’re here to provide the information you need when considering which financial option is right for you.

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Leasing and buying

Leasing is ideal for those who enjoy the excitement of driving a new car, without the hassles. On the other hand, traditional car loans are more suitable for those who value ownership and may have time to manage the admin that comes with it.


Overview

Leasing

Car leasing is a form of financing where you use a vehicle for a specified period of time and make monthly payments. When the lease concludes you may be given the option to upgrade[F10] to a newer model or return the vehicle.


Car Loan

A car loan is when you use finance to purchase a vehicle. You might pay a deposit or finance the vehicle outright. The interest and repayment rate is fixed for the life of the loan.


Monthly payments

Leasing

Leasing can sometimes mean higher monthly repayments, but with the Toyota Finance Full-Service Lease[F6], that monthly repayment also includes service and maintenance and comprehensive insurance [F11], giving you the ultimate peace of mind. CTP and registration are also included for the first 12 months of your lease.


Car loan

With Toyota Access loans, you may have lower monthly repayments[F9] compared to standard consumer loans, however this excludes any ongoing running costs.


Running costs

Leasing

Running costs can fluctuate and generally increase annually. Repair and maintenance costs can also be unpredictable. Leases like the Toyota Finance Full-Service Lease[F6] includes expenses like service and maintenance and comprehensive insurance[F11] within one simple monthly repayment, with the option to include registration, tyres and Toyota Roadside Assist[TF3].

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Car loan

While organising and covering the costs of servicing fall upon the owner of the vehicle, Toyota offers benefits for new car owners including a 3-5 year capped price servicing and 5-year warranty[T7].

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a man driving a car
a man driving a car

Full-Service Lease

A Toyota Finance Full-Service Lease[F6] offers a convenient way to get behind the wheel of an new Toyota. With just one monthly payment, you can manage your budget and plan your finances more effectively.

A convenient bundle

Running costs including service and maintenance and comprehensive insurance[F11] and the option to include registration, tyres, Toyota Roadside Assist, all covered in a simple monthly payment. CTP and vehicle registration are included for the first 12 months of the Full-Service Lease[F6] and as optional inclusions for the remaining term of the lease.

The new car feeling

Drive the latest model with the option to upgrade[F10] every 3 years.

Plan ahead

Keep your funds from being tied up in a depreciating asset.

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men talking at a cafe
men talking at a cafe

KINTO®

For those that only need a vehicle for the medium or short term, KINTO® can offer you a smart and seamless mobility solution. Book a vehicle for as long as a year or as short as an hour, and only pay for the time you use it, the distance you travel and any extras you require.

Insurance[F11] and Roadside Assistance included.

In the event of a breakdown, support is just a phone call away.

Only pay for what you use.

Book a vehicle by the hour, day, week, month or year.

Fuel and servicing included^.

Every trip, long or short, includes fuel and upkeep.

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Woman sitting in a car
Woman sitting in a car

Vehicles available on a Toyota Full-Service Lease[F6]

A range of Toyota's most iconic vehicles are on offer

Camry

Camry

Now that's unexpected

Explore Camry

bZ4X

bZ4X

Charge on

Explore bZ4X

RAV4

All-New RAV4

Smarts meet heart

Explore RAV4

HiLux

HiLux

Awaken your unbreakable

Explore HiLux

Tundra

Tundra

Born remarkable

Explore Tundra

Disclaimers

^ Fuel card may not be available to Members under a Corporate Agreement. Please check with your employer for more information.

[F6] Approved applicants only. Terms and conditions, fees and charges apply. Toyota Finance is a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.

[F9] Lower monthly repayments compared to a similar term with no Guaranteed Future value (GFV) or equivalent balloon final payment. Total interest charges will be higher if a GFv or balloon final payment is selected.

[F10] Upgrade subject to eligibility and lending criteria. Terms, conditions, fees and charges apply.

[F11] Terms, conditions and insurance excess applies, refer to the Full-Service Lease Insurance Guide for details available from www.toyota.com.au/car-finance/full-service-lease. Toyota Finance Australia Limited (TFA) has arranged insurance cover under a master Policy for Lessees (and their authorised Drivers) who have entered into a Full-Service Lease. TFA is the holder of the Policy and cover is extended to Lessees and their authorised Drivers.

[T7] The standard Toyota Warranty Advantage period is 5yrs, with unlimited kms, from delivery. Excludes vehicles used for a commercial purpose, such as taxis, hire vehicles and vehicles transporting people or goods for payment including rideshare. The commercial vehicle Toyota Warranty Advantage period is 5 years from delivery or 160,000kms (whichever occurs first). See toyota.com.au/owners/warranty or your vehicle’s Warranty and Service Book for T&Cs. This warranty does not limit and may not necessarily exceed your rights under the Australian Consumer Law.

[TF3] Toyota Roadside Assist is administered by Toyota Finance, a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.

[P4] See your Toyota Dealer to confirm Toyota Genuine Accessories suitable for your vehicle prior to ordering, as specifications, applicability, availability and fitment requirements may change over time. Consider combined mass of load and accessories to ensure gross vehicle mass limits are not exceeded. Refer to toyota.com.au/vehiclepayload for information. Fitment of certain accessories may require recalibration, relocation or removal of standard equipment (which may be retained by Toyota). Toyota Australia uses its best endeavours to ensure material is accurate at the time of publishing. Colours depicted are a guide only and may vary from actual due to the print/display process. Toyota Australia reserves the right to change and/or discontinue, without notice, prices, colours, materials, equipment and specifications. To the extent permitted by law, Toyota Australia will not be liable for any damage or loss incurred from relying on the information and images contained in this material.