Under the Bonnet
Ute · prices before on-roads

Toyota HiLux

UteDiesel#4 in Australia, Sep 2026
$33,990–71,990
Price range (before on-roads)
$957/mo
Example monthly repayment
4,455
Sold in Sep 2026 (-11.7%)

Your numbers

Pick how you'd buy it. Every number updates as you change the inputs.

Chattel mortgage repayment
$957 per month
Amount financed$59,490
Balloon due at end$17,847
Total interest over 5 yrs$15,782
Total paid$75,272
GST credit back on your BAS (1-tonne+ ute)$5,408
Year-1 interest you may deduct (90%)$3,962

Repayments in arrears at the example rate. Not a loan offer: your rate depends on your credit, the lender and the asset. A bigger balloon lowers repayments but adds interest.

Rates on this car

Manufacturer offers we found, and what the market is charging right now.

Offer

Toyota Finance deposit bonus

$4,000 towards your deposit on HiLux SR5 4x4 when you finance at least $10,000 with Toyota Finance. Excludes electric variants. Not a reduced rate.

EndsOrder and apply by 31 Dec 2026
Source
Market average car loan
7.82% p.a.

Good-credit borrowers typically 6.95%–9.95% (Oct 2026). Business chattel mortgage rates vary by lender and ABN history.

At 7.82% your repayment is $957/mo

Rates are estimates from public sources, not offers from Under the Bonnet. Market source

What owners are reporting

Recalls and common problems. Recalls are fixed free by the dealer, so they're not a reason to skip a car, but check the VIN before you buy.

  • RecallApr 2026

    13,390 HiLux built 28 Aug 2025 to 24 Feb 2026 with a Toyota bull bar or nudge bar and light bar: power steering can cut out with no warning.

    Source

Check any car's recalls by VIN at vehiclerecalls.gov.au.

What applies to this car

Tax and rule checks for the variant and price above, using 2026–27 thresholds.

Depends on payload

GST credit

If this ute is built to carry 1 tonne or more, it isn't a "car" for tax, so a GST-registered business can usually claim the full $5,408 GST credit. If it carries less than 1 tonne, the credit is capped at $6,353. Check the payload on the compliance plate.

Payload test

Depreciation limit

The $69,883 car limit only applies to cars. A ute carrying 1 tonne or more can usually be depreciated on its full cost.

Below threshold

Luxury car tax

Below the $80,809 LCT threshold.

Possible exemption

FBT on a work ute

A dual-cab ute can be FBT-exempt for an employee if private use is limited to commuting and minor, infrequent trips.

Not this car

Instant asset write-off

The permanent $20,000 write-off only covers assets costing less than $20,000. This car is over that, so it goes in the small business depreciation pool instead.

Running costs

Our estimates. Change them to match how you drive and what you pay.

Fuel per year$3,198
Fuel per week$61
Repayments + fuel over 5 years$73,415

Alternatives

Same deposit, term, rate and balloon, at each car's typical variant.

Ute · DieselFord RangerXL (entry) · $42,200$679/mo$278 less per monthUte · Plug-in hybridBYD Shark 6Premium (with cashback) · $53,900$867/mo$90 less per monthSUV · ElectricGeely EX5Complete · $41,990$676/mo$282 less per month