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 - 7 years
  • Financing for vehicles up to 7 years old
  • 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

To apply

To apply for finance, simply call us on 137 800.

PowerTorque Finance Business Vehicle Loan fees

The tables below summarise the main types of fees across all PowerTorque Finance Business Vehicle Loans.

We’ve also included some tips on how you can avoid paying certain types of fees over the term of your loan, so you don’t pay more than is necessary.

Fees that will apply

Fee type



Establishment Fee


The cost to set-up your approved loan with PowerTorque Finance. It is payable upon loan settlement, and can be included within the amount financed. This is referred to in your contract as your Loan Account Establishment Fee.

Vehicle Security Registration Fee


The cost of registering PowerTorque Finance’s security interest in your vehicle on the Australian Government’s Personal Property Securities Register.

This is a national online register to help protect consumers when buying personal property like cars, boats or artwork. It allows potential buyers to check if any other parties already have a security interest on the property.

Account Administration Fee

$8.00 per

A monthly fee for the management of your loan account.


Dealership Fees

Fee type



Dealer Agency Fee

$890.00 + GST

This fee covers the dealership’s cost of preparing your finance application on PowerTorque Finance’s behalf. The PowerTorque Finance & Insurance Manager within the dealership is responsible for explaining the different types of finance products to you, ensuring that you understand the requirements of the loan, and arranging all the necessary paperwork to submit, manage and finalise your finance application.


Fees that may apply

Fee type


When it applies

How to avoid

Payment Method Fee – BPay


Processing each payment made by BPay.

Set up a Direct Debit at the start of your loan, so you don’t pay fees on your regular repayments.

To switch to Direct Debit payments log into your PowerTorque Finance Online account or call our National Customer Solution Centre on 137 800 (Monday to Friday, 8:30am – 6:00pm AEST)

Payment Method Fee – Other (includes BillPay, Cheque or Direct Deposit)


Processing each payment made by BillPay, Cheque, or Direct Deposit.

Account Payment Card Fee


For replacement; supplementary; or new payment cards when you switch from Direct Debit to another payment method after the loan start date.

Switch to Direct Debit payments and all your future repayments will be fee-free. You can change your payment method by logging onto PowerTorque Finance Online or calling our National Customer Solution Centre on 137 800 (Monday to Friday, 8:30am – 6:00pm AEST)

Payment Dishonour Fee


If your Direct Debit or Cheque payment is dishonoured.

Check that your account has sufficient funds when payments are due to be debited. You can also change the date of your payments by calling the National Customer Solution Centre on 137 800 (Monday to Friday, 8:30am – 6:00pm AEST)

Late Payment Fee


If you’re late or miss a repayment, and your account goes into arrears.

PowerTorque Finance will contact you about the overdue amount, and this is mentioned in your loan contract as an Arrears Follow-up Fee.

Ensure that your account does not go into arrears. You can also change the date of your payments by calling the National Customer Solution Centre on 137 800 (Monday to Friday, 8:30am – 6:00pm AEST)

Information Request Fee


If you request contract documentation by calling the PowerTorque Finance National Customer Solutions Centre.

You can view, download, and print your loan documentation online without incurring this fee.

Simply log onto PowerTorque Finance Online to check your account details.

Early Termination Fee

Calculated as 30% of the unearned interest if all repayments have been made as per your Schedule.

If your loan is repaid before its scheduled end date.

Continue with your scheduled loan repayments until the agreed completion date to avoid this charge.

Information current as at 1/6/2018


Approved applicants only. Terms, conditions, fees and charges apply. A minimum loan term of 12 months applies. The maximum loan term will vary depending on the finance product selected and will be subject to Toyota Finance policy and procedure. You may be required to pay a deposit for capacity reasons. Additional interest charges will accrue if you select a balloon final payment option and early termination fees may apply if you elect to make additional repayments during the loan term. PowerTorque Finance is a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.

The information on this website is of a general nature and for information only. Nothing on this website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any of the products and services featured on this website, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances.