Car Finance Blog
Finance News, Comments & Advice
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Car finance for Christmas/New Year
Avoid the Christmas/New Year rush and arrange your car finance now. We find that this time of year is exceptionally busy. Cars are quite often bought as Christmas presents and financed for tax effectiveness. We are even busier this year particularly given that the Government’s tax incentive of up to 50% tax rebate finishes on the 31st December.
With less than two weeks till Christmas and three weeks till the end of the year there isn’t much time left to finalise your finance and take delivery. Avoid disappointment by organising your car finance now. You don’t want to enter into a finance contract that isn’t providing you with the best deal because you’ve rushed into it. Use our online car finance calculator to obtain a finance quote immediately. If you are satisfied with your quote you may wish to make an online application for finance.
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Audi Q7 hits Australia
The new Audi Q7 SUV has hit Australian shores. Audi have released a new range of Q7 models for the Australian market. The V12 TDI version is the most powerful diesel engine on the market in the way of Sports Utility Vehicles. You will find that the new range is more efficient and elegant. The Q7 is designed for up to seven adults and is very roomy. It boasts a huge luggage space of up to 2035 litres and has a hefty towing capacity. This makes it suitable for a wide variety of uses, whether it is business or leisure.
The latest version comes with a new range of colours and materials and also new wheels. This elegant looking vehicle comes with LED lights and is given a sporty look with its grille, pronounced bumpers and flared wheel arches. The brakes which are ceramic also add to the sporty look. Inside you will find a 1000 watt Bang and Olufsen sound system with 14 speakers. A six-speed tiptronic provides smooth gear changes for a high-performance ride.
For more information on the latest Q7 range or to arrange a test drive contact your local Audi dealership.
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Investment allowance coming to a close
The Government tax incentive of an investment allowance is coming to an end. The investment allowance finishes on the 31st of December. If you require equipment for your business now is the time to purchase. However, signing a contract prior to the 31 December is not sufficient enough to qualify for the investment allowance. You must take delivery of your equipment prior to this date.
The investment allowance applies to small businesses and you may be eligible for up to a 50% tax rebate on your new purchase. If you would like to take advantage of this incentive you will need to act quickly. Your finance will need to be pre-approved and time is of the essence. To find a tailored financial solution that can be arranged expediently, speak to one of our professional and friendly finance brokers today on 1300 887 967.
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Australian economy update
All early signs of consumer spending say this year’s Christmas will be big. The strongest indicator is the increased use of credit cards which most banks say has already seen a big upswing.
The Australian Chamber of Commerce and Industry (ACCI) are reporting that small business is continuing its gradual climb back. The ACCI’s own activity rating says this sector of the economy has now bounced back to pre-March 2008 levels and the rise is being maintained. The numbers include many factors like employment levels, sales and investment.
Despite the publicity out of Canberra during the recent investigation into the practices of the Australian Finance Industry, political insiders are now convinced the findings and recommendations will be put on the backburner. This means actions to bring about the expected changes to the way financial advisers conduct their business are now shelved for at least a year.
After a bad 2008, new cars sales are bouncing back albeit with the help from taxpayer funded stimulus. The numbers put the overall lift at nearly 5 percent over last year.
According to the sources within the minerals industry, Australia has lifted itself to second behind China in global gold production. The previous top ranking South Africa has been reducing gold mining in recent times and is now fourth behind the USA.
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Housing industry update
The vital housing industry is certainly throwing up some incredible numbers. Our continued population growth and subdued building of new houses and apartments is causing many interesting facts to emerge. The industry says this is due to the ‘rate of medium and high density dwelling construction now being the lowest since 1991 and is even down 30 percent over this time last year.’ Predictably, prices of established dwellings are inevitably rising with all experienced observers now saying this will be the way for at least the next 5 years. While the RBA is now saying the situation is sustainable, social services lobby groups are insisting the situation is going crazy with our once high home affordability now set to continue the decline.
Interestingly, the new houses which are being built are now not only far bigger than before but international sources put the average new Aussie home bigger than what is now being built in the USA, to make this country’s new houses the largest. Rents are also picking up at a faster pace than in previous years and economist BS Schrapnel puts the annual increase at around 6 percent for the next 3 years. Building industry observers are convinced this set of circumstances is setting the scene for long and continued growth in housing and apartment construction.