As Australia is making an economic recovery we are finding that finance is easier to obtain. Financiers are confident that Australia’s economy will continue to grow and as such are no longer reluctant to provide finance. We are finding that money is now readily available to financiers which has freed up their ability to offer finance. Interest rates are still low but will slowly continue to rise. As such, now is a terrific time to look at purchasing your next car or piece of business equipment under finance.

It’s halfway through Spring and time to look at detailing your car if you haven’t already done so. Car detailing will generally cost $150.00 but you can do it from home to save money.  Your car will look and smell new again without the expense.

There are plenty of things you can use around the house to clean your car but you should buy a soap which is specific for cars so it doesn’t spoil the paintwork. It is advisable to wash your car out of the heat of the day so that when you wax it doesn’t stain the car. When washing the tyres and rims use a scrub rather than a sponge. Use a chamois to dry your car after washing. For a detailed look you will need to do a cut and polish, remembering to work in small sections. Once complete finalise with a wax. The wax will generally last for 4 months and will make cleaning your car much easier next time.

When cleaning the interior sprinkle some bicarbonate soda on the carpets before vacuuming. This will eliminate any odours and remove stains. A household upholstery cleaner can be used for the seats. When cleaning the windows use one part meth to five parts water. Now it’s time to enjoy your new car again!

A novated lease is a great way to save tax!

How? A novated lease is commonly referred to as salary sacrifice. Reason being that the asset being purchased is financed from your pre-tax income. This can save you thousands of dollars in tax every year.

Why? Employers and employees both benefit from a novated lease. Employees can pay for their vehicle from their pre-tax income. A fully maintained novated lease also enables you to pay for the running costs, such as fuel and servicing from your pre-tax income, thus providing you with more tax savings. Employers benefit from a novated lease as it is a way of attracting new staff and retaining existing staff. It also eliminates the need to keep company cars on hand.

What? A vehicle, phone or laptop computer can be salary sacrificed. Some businesses even allow you to salary sacrifice your spouse’s vehicle.

When? A novated lease can be taken out at any time if your employer offers such incentive. If your employer does not offer a novated lease it is an easy process to enable them to do this if they so wish.

Where? Madison Finance is one of Australia’s leading novated lease specialists. For further information speak to one of our friendly staff on 1300 887 967.

Ensuring that you receive the right equipment finance is crucial for your business. By utilising the services of an equipment finance specialist you can be assured that they will source the right finance solution for your needs. It is imperative that you are made aware of which finance product is best suited to you in a tax effective manner. You also need to be made aware of any tax incentives, such as the Government small business investment allowance.

An equipment finance broker will have access to many lenders, thus providing you with a vast range of finance products to choose from. You will need to consider what type of finance, term and residual will be best suited to your needs. Your finance broker can assist you in determining which finance solution is most suited to your circumstances, needs and budget.  

When looking for car finance it is important that you find a car finance package to suit you. As such it is best that you seek the services of a car finance broker. A car finance broker will have access to a wide range of finance products, thus providing you with the flexibility to find a car finance package to suit you. Not everybody’s circumstances are the same, so it makes sense that car finance should be flexible to suit an individual’s needs, circumstances and budget.

At Madison Finance we have access to over 30 lenders, therefore providing you with an abundance of financing options. We can tailor a car finance product to suit your needs. Whether it is a novated lease, chattel mortgage, personal lease or commercial hire purchase, you will be sure to find a car finance solution for you.

With experienced staff on hand and online quotes and applications available to you 24 hours a day, you will find that you have the flexibility to look for finance at a time that is convenient to you.