Madison Finance offers the best car finance, car loans and leasing options for all new and used Mercedes-Benz cars.

We have a range of residual options available to help you get behind the wheel of your new or used Mercedes-Benz.

Whether you are looking to arrange car finance for your new A-Class, the dynamic B-Class or all new C-Class model we are sure to have a competitive finance plan for you to consider.

To arrange your obligation free finance quote on your new or used Mercedes-Benz, contact Madison Finance on 1300 887 967.

Where the supply of the goods to you under a hire purchase arrangement is a taxable supply, the price you pay for the goods includes GST. If you use the goods in your business, you may be able to claim a GST credit for any GST included in the purchase price of the goods.

Do not treat a hire purchase agreement as a sale or purchase you make on a progressive or periodic basis. Treat a hire purchase agreement as a stand-alone sale or purchase in a tax period – so, the same rules apply as they would for any sale and purchase of goods under an ordinary sale agreement.

You may also wish to explore other car loan options including car lease and salary packaging in considering your finance options.

First, the basics. Used car dealers want your money, and, if they know what’s good for them, they want to keep you happy and coming back for more and that includes arranging your car finance and car insurance too.

As a result, they offer a wide variety of methods to help you get behind the wheel: commercial hire purchase, leasing, chattel mortgages and so on. The first thing to decide is whether you want to own the car at the end of the contract or if you would like to opt to include a residual value at the end of the finance period.

When having a new motor car every three years is a priority, many people trade in one to offset the cost of the next.

Make sure you do your shopping around first, car finance from car dealers can be convenient but often with a premium attached to that convenience.

Salary packaging is an Australian Taxation Office approved means of allowing you to effectively restructure your income.

Employees can choose to receive their salary as a combination of cash and approved benefits. These benefits are either tax free or taxed at concessional rates. Replacing some of your cash salary with benefits enables you to lower their taxable income to increase your take home pay.

Income Tax and Fringe Benefits Tax (FBT) – with a novated lease your employer pays your lease payment from your pre-tax salary, this is known as salary sacrificing. As lease payments are being paid from your pre-tax salary, your employer is liable to pay FBT on the vehicle being provided to you under the novated lease. The amount of the FBT is generally charged back to you through additional pre-tax salary deductions.

The savings achieved by a novated lease arise when there is less FBT payable than income tax that would have been payable were there no salary sacrifice.

Goods & Service Tax (GST) – the GST is payable on the purchase price of a vehicle as well as most vehicle related expenses. The financer is entitled to claim an input tax credit up to the depreciation limit of the vehicle (currently $57,123), which means the maximum input tax credit claimable is $5,193.

Your lease payments are calculated on the vehicle purchase price less the GST. In addition, as most employers are entitled to claim input tax credits for the GST paid on the lease payments and other vehicle related expenses, by using a novated lease, further savings can realised.

Vehicle purchase price savings – our purchasing power is passed on to you through our preferred supplier network including preferential rates.

Vehicle choice – the freedom to choose a vehicle to suit your lifestyle needs. Subject to your employer guidelines, you may salary package more than one vehicle.

Flexible lease term – you have the flexibility to choose a novated lease term to suit your circumstances.

Portability – the lease is transferable between employers.

Madison Finance offers a range of innovative car finance, novated lease and equipment finance products to individuals and businesses in Melbourne, Geelong, Ballarat, Bendigo, Wodonga, Mildura and throughout Victoria.

We offer a range of equipment finance solutions, including commercial hire purchase, leasing and rental, to make it easy for you and your business to acquire new equipment.

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