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Compare Toyota finance options

Learn about and compare different Toyota finance options and rates.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

From the safe and reliable Camry to the unbreakable Hilux, Toyota has long been the first choice for many Australian car buyers. In fact, figures from the Federal Chamber of Automotive Industries reveal that Toyota remains Australia's most popular car brand and accounted for 18.8% of all vehicle sales in 2018.

If you’re thinking of buying a Toyota but need help to pay for your new car, it’s essential that you understand the finance options available.

Compare your finance options below to find the one that is right for you.

Ready to buy a Toyota? Compare some Toyota financing options now

1 - 9 of 9
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Name Product Mobile details underline Interest Rate (p.a.) Comp. Rate (p.a.) Rate Type Application Fee Monthly Fee Monthly Repayment
IMB New Car Loan Fixed, 1 - 7 Years, $2,000 - $75,000
IMB New Car Loan
1 - 7 Years, $2,000 - $75,000
4.88%
5.23%
Fixed
$275.12
$0
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
loans.com.au - New - Prime Special (Variable) Variable, 3 - 5 Years, $5,000 - $100,000
loans.com.au - New - Prime Special (Variable)
3 - 5 Years, $5,000 - $100,000
3.74%
4.28%
Variable
$400
$0
You'll receive a variable rate of 3.74% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees.

Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
RACV New Car Loans Fixed, 1 - 7 Years, $5,000 - $150,000
RACV New Car Loans
1 - 7 Years, $5,000 - $150,000
5.99%
6.68%
Fixed
$499
$0
You'll receive a fixed rate from 5.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
loans.com.au - New - Prime Special (Fixed) Fixed, 3 - 5 Years, $5,000 - $100,000
loans.com.au - New - Prime Special (Fixed)
3 - 5 Years, $5,000 - $100,000
5.09%
5.64%
Fixed
$400
$0
You'll receive a fixed rate of 5.09% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Stratton Finance New Car Loan Fixed, 1 - 7 Years, $10,000 - $300,000
Stratton Finance New Car Loan
1 - 7 Years, $10,000 - $300,000
4.44%
to 18%
5.76%
to 19.61%
Fixed
$482
$8.90
You'll receive a fixed rate from 4.44% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
OurMoneyMarket Car Loan Fixed, 1 - 7 Years, $2,001 - $75,000
OurMoneyMarket Car Loan
1 - 7 Years, $2,001 - $75,000
5.85%
to 14.99%
6.47%
to 21.14%
Fixed
1.5% - 6%
min. $250
$0
You'll receive a fixed interest rate from 5.85% p.a. to p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
loans.com.au - Used Car Loan (6+ years) Variable, 3 - 5 Years, $5,000 - $100,000
loans.com.au - Used Car Loan (6+ years)
3 - 5 Years, $5,000 - $100,000
5.04%
5.59%
Variable
$400
$0
You'll get a variable rate of 5.04% p.a.
Borrow up to $100,000 for a used car for 6+ years, with no monthly fee.

Special offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. Terms and conditions apply.
NRMA New Car Loan Fixed, 1 - 7 Years, $5,000 - $130,000
NRMA New Car Loan
1 - 7 Years, $5,000 - $130,000
5.99%
6.68%
Fixed
$499
$0
You'll receive a fixed rate from 5.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
loans.com.au - Used Car Loan (8+ years) Variable, 3 - 5 Years, $5,000 - $50,000
loans.com.au - Used Car Loan (8+ years)
3 - 5 Years, $5,000 - $50,000
8.94%
9.51%
Variable
$400
$0
You'll get a variable rate of 8.94% p.a.
Borrow up to $50,000 for a used car for 8+ years, with no monthly fee.

Special offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. Terms and conditions apply.
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What types of Toyota finance options are there?

There are several finance options available to help you buy a Toyota:

  • Secured loan. Commonly referred to as a car loan, a secured loan is where you borrow money from a lender to purchase a vehicle and then pay it back over a set period. Interest rates can be fixed or variable and the car acts as security for the loan.
  • Unsecured loan. An unsecured loan is similar to a car loan but with the key difference that the vehicle is not used as security for the loan. As a result, the lender faces an increased level of risk and you can expect higher interest rates on an unsecured loan compared with a secured loan.
  • Novated lease. A novated lease is a salary sacrifice arrangement between you and your employer whereby you lease a car and your employer deducts the lease repayments from your pre-tax income. Once the lease agreement ends, you have the option to purchase the vehicle at an agreed price. This can be a tax-effective way to purchase a Toyota and is also an innovative way for employers to reward their employees.
  • Car lease. This commercial finance arrangement sees the financier purchase the vehicle on your behalf, and then lease the vehicle to you in return for monthly lease payments. You then have the option to purchase the vehicle when the term of the lease ends.
  • Chattel mortgage. A chattel mortgage is where a financier loans money to you to purchase a car, and you make regular repayments towards the loan amount. While you take ownership of the vehicle straight away, the financier also takes out a mortgage over the vehicle. Once the loan term has been completed and the funds repaid, the mortgage is removed from the vehicle.
  • Dealer finance. The final option is to obtain Toyota finance from the car dealer. This is often a convenient option because you can sort everything out at the same time you buy your car. Loan terms are generally three to four years, with a larger balloon payment required at the end of the term.

Features to consider when comparing your finance options

Make sure to keep the following features in mind when weighing up the pros and cons of different finance options:

  • Loan term. How long will you have to repay the money you borrow? Terms usually range from one to five years for fixed-rate loans and up to seven years for variable-rate loans.
  • Interest rate. The interest rate is a crucial factor that affects your regular repayment amounts and the total cost of financing. Rates can vary substantially depending on the financing option and the lender you select, so shop around for a competitive rate.
  • Fees. Be aware of any fees that apply to your finance, including upfront application fees and any ongoing monthly fees. Also make sure you know whether you will be charged a penalty for missing a repayment or repaying your loan ahead of schedule.
  • Comparison rate. Don’t just look at the interest rate when comparing car loans. You can get a much better idea of how a loan stacks up by looking at the comparison rate. This figure takes into account the interest rate and all fees that apply to determine the total cost of a loan.
  • Loan amount. Check the minimum and maximum loan amounts that apply – do they suit your borrowing requirements?
  • Repayment schedule. Make sure that any loan you choose has a repayment schedule that can be tailored to suit your budget. Check that you will comfortably be able to afford to repay the monthly amount and whether you are allowed to make additional repayments at any time.

How do you calculate your costs for Toyota finance?

Before taking out finance to purchase a Toyota it's important to understand how much it will cost and if it will be affordable on your budget. You also need to know which Toyota finance option will cost you more overall and which will be more affordable for you. To work this out, you can use a car loan comparison calculator. Using this calculator, you can work out how much two Toyota finance options will cost you in repayments and which one is the more affordable option for you to pick.

To use the calculator you will need the interest rate and fee information for the loans you want to compare. If you want to see if you can save, change the loan term or loan amount.

Factors to consider before you finance a Toyota

Before choosing a Toyota finance option to help you buy a new vehicle, make sure you’re aware of all the pros and cons that apply to any loan you select. Each of the finance options listed higher up this page has its own benefits and drawbacks, so you’ll need to be aware of those before you sign any loan contracts.

For example, dealer finance can be an easy and convenient solution for some buyers, and also offers lower interest car loan rates than many other options. However, be warned that a low interest rate may reflect the fact that you are paying a higher purchase price for the vehicle, while you should also be aware that balloon payments at the end of a loan term can be large and difficult to manage.

Another important factor to consider is whether or not a loan provides additional repayment flexibility. Being able to get ahead on your repayments if you come into some extra money can be hugely beneficial, but some loans will not allow extra repayments or will see you incur a fee any time you make a payment ahead of schedule. This can greatly affect the total cost of your loan, so remember to check the loan terms and conditions before you apply.

What you will need to apply for Toyota Finance or a loan

Once you’ve settled on the right finance option, it’s time to prepare an application. Before you apply, however, it’s important to check that you satisfy any loan eligibility criteria, such as:

  • You must be at least 18 years of age
  • You will need to have a good credit history to qualify for most finance options
  • You may need to satisfy minimum income requirements
  • You are eligible to live and work in Australia for the duration of the loan

To apply for car finance you will need to provide a range of information and supporting documents, including:

  • Proof of ID. A current driver’s licence or passport will do the trick.
  • Financial information. You’ll need to provide proof of income (such as pay slips and bank statements) and details of your credit history, including any outstanding debts or liabilities.
  • Vehicle information. You’ll also need to provide some details about the car you plan on buying, including its make, model and purchase price.

If you’re planning to purchase a new Toyota, there are plenty of finance options available to help fund your purchase. Just make sure to compare your options and research any terms and conditions attached so that you end up with the right type of loan for your financial situation.

Toyota Reviews

Not sure if you want to purchase a Toyota? Read our car reviews and use the Finder Score to help you make a decision.

1 - 8 of 8
Name Product Number of seats ANCAP rating Price (from) Finder Score Review
Toyota HiAce
12 seats
5 stars
$38,640
87.75%
Find a Deal
on OnlineAuto.com.au’s website

Read Review
Toyota RAV4
5 seats
5 stars
$30,640
82.75%
Find a Deal
on OnlineAuto.com.au’s website

Read Review
Toyota LandCruiser 200
8 seats
5 stars
$78,190
81.5%
Find a Deal
on OnlineAuto.com.au’s website

Read Review
Toyota Corolla
5 seats
5 stars
$22,870
80.25%
Find a Deal
on OnlineAuto.com.au’s website

Read Review
Toyota Camry
5 seats
5 stars
$28,990
79.75%
Find a Deal
on OnlineAuto.com.au’s website

Read Review
Toyota HiLux
5 seats
5 stars
$29,850
79.67%
Find a Deal
on OnlineAuto.com.au’s website

Read Review
Toyota LandCruiser Prado
7 seats
5 stars
$53,490
79%
Find a Deal
on OnlineAuto.com.au’s website

Read Review
Toyota Kluger
7 seats
5 stars
$43,550
76.33%
Find a Deal
on OnlineAuto.com.au’s website

Read Review
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Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 5.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 5.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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