Finance

CMV Truck & Bus offers our customers financing expertise through CMV Finance. Our in-house business development team will develop a strategy that is right for you and your business, as well as arrange affordable insurance and extended warranty options for your vehicle.

The CMV Finance product range includes;

CMV Finance Term/Hire Purchase


This represents the ideal choice if you seek to own your vehicle at the end of the repayment term. Specifically, ownership of the vehicle passes to you upon your final installment payment. Benefits of this option include:

• Interest rates are fixed for the term
• Depreciation allowances may be claimed
• Structure to preserve your business capital whilst paying off the vehicle from generated income
• Terms are negotiable within a range of 1 to 7 years (1 to 5 years on used trucks and buses)
• Vehicle is shown as an asset on the balance sheet

CMV Finance Lease

This finance choice is a vehicle lease agreement with lease payments generally being fully tax deductible. It allows you to select the truck or bus of your choice, as if you were the owner. This option requires you to take care of servicing, maintenance, registration and insurance. Benefits of the Finance Lease include;

• Lease payments are made in advance which ensures security of fixed payments and implicit interest rates
• Preserves working capital - so funds can be invested in other parts of the business
• Terms are negotiable within a range of 1 to 7 years (1 to 5 years on used trucks and buses)
• You simply return the vehicle at the end of the lease and pay for any shortfall resulting from the sale of the vehicle and a preset residual value. You may make an offer to purchase the vehicle at the end of the lease
• At the end of your lease period there are a number of options available to you. For example, you may be able to extend the lease for a further agreed term, trade the vehicle in on a new vehicle or make an offer to purchase the vehicle from us at CMV Finance

CMV Finance Business Vehicles Loan

This is a flexible and tax effective means of financing trucks and buses for business purposes. Under this option, your business owns the vehicle and CMV Finance takes a mortgage over the vehicle, so it remains an asset of your business. Benefits of this option include;

• Flexible payment structure
• Terms are negotiable within a range of 1 to 7 years (1 to 5 years on used trucks and buses)
• No GST is payable on monthly repayments
• Interest rates are fixed for the term of the loan
• Daily interest calculations on the outstanding principal balance - means additional repayments will reduce the loan period and total interest payable

CMV Finance Master Fleet Facility Agreement

A full suite of funding options including Operating Lease, Finance Lease, Term Purchase (Commercial Hire Purchase), Novated Lease and Recharge Fleet Management are all covered by one Master Fleet Facility Agreement. This agreement allows you to choose a facility/s to best suit your specific business requirements. This particularly suits large fleets with a regular turnover in vehicles. Benefits include;

• Convenience and simplicity - no separate applications
• Payments can be structured to suit your business’s needs

When you're ready to purchase your new or used truck or bus, please pick up the phone and talk to our business development team. You will find that they are knowledgable, helpful and will be price competitive for your next vehicle.

For more information about CMV Finance and insurance products, simply enquire at your nearest CMV Truck & Bus dealership or contact the CMV Finance Business Managers, Duane Voss (Laverton North) on (03) 9931 6000 or email your enquiry, Charles Heap (Clayton, Dandenong South, Gippsland) on (03) 9582 6500 or email your enquiry or Angelo Attard (Laverton, Albury/Wodonga) on (03) 9931 6777 or email your enquiry.

Finance Calculator

Customers should obtain professional independent advice from their accountant or financial adviser. The repayment amount is indicative only and does not include any provision for fees and charges and is not a formal or binding quote. Information provided by the finance calculator is based on the accuracy of information provided and does not take into account your personal needs and financial circumstances. Conditions, fees and charges apply. Finance is available to approved applicants of Toyota Financial Services, a division of Toyota Finance Australia Limited ABN 48 002 435 181.