My Toyota

Toyota Contract Hire

Why Choose Toyota Financial Service?

Here at SLM Toyota we offer the full range of Toyota Financial Services. The range of financial solutions available is as forward thinking as you'd expect from one of the world's largest automotive brands. Key benefits include:

Choice and flexibility: A range of funding options means that we'll find the solution to suit you

Affordability: Special business and fleet offers

Convenience: We can approve a credit facility, allowing us to pre-approve your Toyota vehicle purchases for the next 12 months

Dedicated customer service: Our specially trained team is based here in the UK and they're on hand to answer your questions.

Toyota Contract Hire

VAT registered businesses may find contract hire an attractive option. Key benefits include:

  • Lower monthly rentals
  • A proportion of the rental can be offset against taxable profit
  • 50% VAT reclaimable on rentals
  • Fixed cost so budgeting is easier
  • None of the risks of ownership
  • No depreciation risk
  • Protection against used vehicle price fluctuations
  • Optional maintenance package to cover unexpected costs
  • Road fund licence renewal included for the period of the contract.

 

Lease Purchase

Choose to defer an amount to the end of the agreement (known as the balloon payment or risidual value). This can either lower your monthly payments or reduce the length of the agreement. Key benefits include:

  • Greater flexibility for cash flow
  • Initial capital outlay reduced
  • Eventual vehicle ownership
  • Finance charges allowable against tax
  • Vehicle funded as a balance sheet asset
  • Write down allowances are claimable
  • Monthly payments fixed over an agreed term.

Finance Lease

Like contract hire, finance lease is an attractive option for VAT registered businesses. This option allows you to share in the profit (or loss) made on the sale of the vehicle at the end of the agreement. Key benefits include:

  • Lower monthly rentals
  • A proportion of the rental can be offset against taxable profit
  • 50% VAT reclaimable on rentals
  • Vehicle funded as a balance sheet asset
  • You can exchange the vehicle for a new one at the end of the agreement.
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