Business owners have a number of options available to them when they are looking to upgrade their fleet of commercial vehicles. As with all business decisions, it pays to be informed about the available finance options. Here are the four main avenues you should consider. Option 1: Specific Security Agreement Specific Security Agreements (SSAs) comprise the majority of equipment finance loans. Also known as chattel mortgages, SSAs allow businesses to repay their purchases over a set period. The loan is secured by registering a charge over the vehicle, and the lender takes a PMSI (Purchase Money ..read more

Toyota has recently confirmed that a new 2022 LandCruiser 300 Series will be released in the fourth quarter of 2021. The 300 Series, carries over the GX, GXL, VX and Sahara levels with redesigns, and will introduce new off-road-focused models, GR Sport and Sahara ZX.   Engine All models are powered by the new 3.3-litre twin-turbo diesel V6 producing 227kW of power and 700Nm of torque, with a combined fuel economy rating at 8.9L/100km, which is more efficient than the 200 Series 4.5 litre twin-turbo diesel V8 with 200 kW and 650Nm.   The standard transmission ..read more

What is a broker? A broker is the middleman between the lender and borrower. A broker will work on your behalf to deal with the banks and other lenders. They will assess your finances, borrowing power and ensure that you get the right loan, which suits your needs. How much does a broker cost? A broker often gets paid a fee or commission from the lender for selling their products. Which means in most cases you do not need to pay anything additional as the borrower. 1. More options We have access to over 40 competitive lenders, from big banks to small credit unions; we are across all the various ..read more

Toyota has launched the all-new 2021 Kluger Hybrid. The new Kluger is the ideal people mover for those long family road trips! Here are the top features… Powerful and efficient 2.5L Hybrid Engine Three electric motors that charge as you drive Never needs to be plugged in to charge the battery 7 SRS Airbags with Toyota’s Updated Safety Sense Reversing camera with front and rear parking sensors Luxury 7 Seat Interior, fully adjustable 60/40 split fold and sliding enabling 1150L of storage Smart Entry and Start System Apple CarPlay® and Android Auto 2000Kg Towing Capability   Grande  ..read more

Heard about the Instant Asset Write-Off but not sure if your business is eligible? We have summarised the eligibilty criteria, benefits and some fast facts to help your business benefit from this SME investment stimulus program. In October 2020, the federal government made enhancements to the Instant Asset Write-Off (IAWO) program including removing the $150,000 limit on purchases. In the May Federal Budget 2020-21 announcement, the program was then extended through to 2023. Here are some Fast Facts about IAWO: There’s no $$ limit on the cost of the new business asset purchased* Write-off cla ..read more

Heard about the Instant Asset Write-Off but not sure if your business is eligible? Read on for some fast facts. In October 2020, the federal government made enhancements to the Instant Asset Write-Off (IAWO) program that now provides increased tax benefits to almost all Australian businesses.    Here are some Fast Facts about IAWO: No $$ limit on the cost of the new business asset purchased*  Write-off claims can be made in the year which the asset is used or installed  You can claim ..read more

Getting ready to ramp up your business to make the most of the reopening economy? You may need to invest in updated equipment – vehicles, machinery or computer systems, for example – in order to maximise your benefit from the reawakening of commerce. But it’s now more important than ever before to protect your working capital and look at alternative forms of finance for your capital expenditure. Two forms of finance you might consider are a rental contract and a chattel mortgage. Which one is going to serve you best? Rental contract During the term of a rental contract, your business will not ..read more

In mid-March, the Morrison Government announced a $17.6 billion stimulus plan to support Australian businesses and offer an immediate boost to the economy during these challenging times. What does this mean for you as a small or medium business owner? The government increased the Instant Asset Write-Off threshold to $150,000 from $30,000 until 30 June 2020. The write-off benefit will now be extended to businesses with a turnover of up to $500 million, up from $50 million before. If you purchase a business vehicle or any income producing asset between now and 30 June ..read more

Did you know your new car loses 10-11% of its value the moment you drive it out of the dealership? In fact, according to consumer watchdog Choice, new cars depreciate by an average of 14% in the first three years of ownership, then up to 8% after that. Thankfully, there are some simple ways you can minimise your rate of depreciation while maximising your resale value. Here’s how to make the most of your four wheels over the long term. Buy smart The more desirable a car is, the slower its rate of depreciation. Research shows Australian buyers are more likely to buy silver, grey, white or black ..read more