Guaranteed Asset Protection (GAP) can protect you from the exposure that may occur when the comprehensive insurance payout does not cover the loan balance still owing on your car finance.

Madison Finance offers an affordable and practical GAP insurance solution to reduce your financial exposure and can provide cover up to $20,000.

It can also compensate you for the financial inconvenience suffered as a result of a total loss.

In the event of an accident and your motor vehicle being declared a total loss, the comprehensive insurance payout may not cover the balance required to finalise your car finance agreement. In this instance, you are liable for the shortfall on your car finance, which could be thousands of dollars.

This shortfall can occur due to borrowing to pay for various costs associated with buying a vehicle, which do not add to the vehicles value, such as stamp duty, registration, dealer delivery, comprehensive insurance cover, vehicle inspections and so on. As these costs do not add to the vehicle’s value, the outstanding loan amount may exceed the insured value of the vehicle.

The range of product options include Benefits Plus which can provide a cash payment of up to $5,000 to compensate for the inconvenience suffered in this situation, such as the cost of a hire vehicle or the stamp duty and registration fees on a new vehicle.

Dealer car finance can offer convenience, but be prepared to pay a premium. Don’t accept offers by car dealers for car finance or car lease finance before comparing the offer with finance options offered by other credit providers.

Arranging your car finance pre-approval before you go into a dealership allows you to negotiate as a cash buyer, making you far less vulnerable to profit-seeking salespeople who often confuse customers with interest rates and monthly payments.

Whilst it may seem in most cases we are prepared to negotiate over the price of a car, any saving we are likely to achieve as a result of haggling is quickly eroded away when we paying too much for car finance in order to drive our new car away. If it is a new car you are looking to purchase then you’ll undoubtedly be offered a finance package from the dealer. It might offer convenience but does it make financial sense?

When dealers negotiate the purchase price of a car often they will try to deflect your attention away from the purchase price and focus on car finance structures and regular monthly payments to avoid discounting the sale price. This may sound relatively painless but most showroom car finance offers charge more interest than many personal loans.

At Madison Finance we specialise in providing innovative dental equipment finance, leasing and rental solutions.

Dental equipment leasing can help provide fundamental upgrades to outdated dental equipment while preserving your cash and allowing your practice to remain at the cutting-edge of the marketplace.

The advantages of financing dental chairs, dental fit-outs, and other dental equipment presents a number of benefits including: tax deductions, cash flow management, immediate write-offs, better asset management, conservation of cash reserves, end of term options, easy upgrades, and more.  Use your cash flow for payroll and other expenses and use Madison Finance to finance your dental equipment.

Madison Finance has the flexibility to service clients at any stage of their development or business cycle.  We even provide dental equipment financing for start-up professionals and at Greenfield sites.  Often, the type of finance you select will depend on your situation and may affect business decisions in the future.  Our extensive range of funders allows new and established dental practices to acquire cutting-edge dental equipment and new fit-outs to compete in today’s market.

When you are looking for large equipment acquisitions dental equipment leasing is an essential tool to prevent new and existing practices from facing future cash crunches.  Using Madison finance as your dental equipment leasing partner will increase your business efficiency and help you get the latest income producing dental equipment.

Choosing the right dental finance and leasing provider is important and you should evaluate prospective finance partners. Madison Finance has knowledgeable staff and specialises in dental equipment leasing.

Here are just some of the Dental Equipment types we can finance or lease for your practice:

• Dental Chairs
• Dental Fit-outs
• Computers
• Flat Screen Monitors and X-Ray Film Readers
• Dental Stools
• Mobile Dental Equipment
• Sterilisers
• Portable Dental Equipment
• X-Ray Equipment
• Dental Reception Furniture
• Software

Madison Finance offers cost effective Low Doc and No Doc car finance up to $100,000 for motor vehicles up to 3 years old to approved business applicants.

No Doc or Low Doc car finance is a flexible loan solution for self employed individuals or companies unable to disclose or verify their income details using pay slips or tax returns. In most instances only an income declaration from the borrower is required.

We offer No Doc or Low Doc car finance under the following conditions:

• Standard rates apply
• Limited to a maximum loan amount of $100,000.
• Established in business for a minimum of 2 years (ABN history)
• The applicant/director/partner must be a property owner.
• Clear CRAA credit report and a good finance reference greater than 12 months.
• The car must be purchased from a licensed motor car dealer (no-private sales or sale and leasebacks) 

We reserve the right to request additional information if necessary.

When you are looking to buy a new car, it’s important to stop and ask yourself some important questions about what car will best suit your needs. Some research first will help make sure you know exactly what you want.

Decide on the purpose of the car before you start looking. Is the car to be used primarily by you or is the car for family use? What are the must have features you would like to have? Are you eligible to claim a tax deduction for business use of the car? If so, the discounts available for business use may change the type of car you can afford based upon your monthly budget.

Consider all your options and whether the car will meet your lifestyle requirements. Is the car fuel efficient? What is the historical resale value for this type of car? Is the boot large enough for the golf clubs or family pram? What about the ongoing servicing and maintenance costs? Alloy wheels can look appealing at first, but a quick check with the local tyre retailer on the cost of replacing those low profile tyres might cause a rethink on your choice of an alloy wheel upgrade.

Do your research to avoid any nasty surprises when choosing your next car.