Car Finance Blog
Finance News, Comments & Advice
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Novated lease explained
A novated lease is financing by way of salary packaging through your employer. The lease payments are the responsibility of your employer whilst in their employ, however, once employment is terminated the lease payments become the responsibility of the employee.
By salary packaging your vehicle the lease payments are made from your pre-tax income, thus providing you with reduced tax. You also have the option to take out a fully maintained novated lease whereby the running expenses such as fuel and servicing are also paid from your pre-tax income.
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Medical equipment finance
Technological advances are constantly being made within the medical profession. As such there is a need to keep up to date with medical equipment. At Madison Finance we have experienced medical finance specialists available to assist you with the acquisition and finance of your next medical equipment purchase.
Medical equipment can be financed as a lease, chattel mortgage, commercial hire purchase or rental. Finance can be sought for as little as $5,000 with our small ticket finance.
Application for finance is simple. You can either apply online or contact a medical finance specialist directly for an easy over the phone application.
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Release of Hyundai Genesis Coupe
Hyundai are said to announce that their North American car of the year, being the Genesis Coupe, will be made into a right-hand drive version for delivery to other countries, including Australia.
It is rumoured that Hyundai will announce their decision at either the Frankfurt Motor Show in September or the Geneva Motor Show in March. It is believed that production of the new vehicle will start in 2011.
The Genesis was only launched 18 months ago and has received rave reviews. Following its success at the New York Motor Show winning the Car of the Year Award it has increased demand across the world for a right-hand version to be made.
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Volvo XC60 new release
Volvo have released their latest compact SUV, the luxurious XC60. The Volvo XC60 compares with BMW’s X3 and the Audi Q5. It is available in both petrol and diesel models. With a six-speed geartronic it allows you to drive the car manually if so desired. Economically it drives at a rate of approximately 11.9 litres per 100km.
For a compact vehicle it is quite spacious inside with a good sized luggage area. The back seats split into a 40/20/40 configuaration. Each section folds flat including the front passenger seat to allow for further luggage. The rear seats incorporate two child booster seats.
Volvo have introduced their new City Safety feature which is a laser-based crash prevention system. The system is aware of the car in front and automatically brakes if required.
If you would like a pre-approval for this luxurious new vehicle contact a Madison Finance representative today for pre-approval in 15 minutes.
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How safe is your car?
Have you ever wondered how safe the car is that you are driving or looking to purchase? Now there is a website available for you to determine this and research which car is most suitable for your next car purchase. By logging on to www.howsafeisyourcar.com.au you will be armed with a wealth of information and be better prepared for your task ahead.
Unfortunately the website does only cover about a third of the cars available to the Australian market which represents about 80% of the cars driven on our roads. If you are unable to find the car you wish to find out about speak to the manufacturer or people you know that drive that particular car. Alternatively, you may wish to speak to one of our experienced car finance specialists as they have many years experience in the industry and are familiar with most makes and models.