When taking out car finance you should be aware of the insurance options that can be offered to you. It is a necessity to take out comprehensive car insurance when your car is under finance. Your car finance broker will be able to assist you with obtaining comprehensive car insurance. Most car finance brokers have a preferred insurer where they obtain competitive discounted rates for their customers.

Other insurances that need to be considered are gap insurance, extended warranties for new or used cars and tyre and rim insurance. By obtaining gap insurance you are covering yourself for the shortfall between the insured value of your car and your payout figure to the financier. An amount will be paid to you to assist with the expenses involved in obtaining a replacement car.

Extended warranties are available to customers purchasing not only new cars but used cars. The extended warranties are designed to provide an extension of cover, beyond the period of the original manufacturers or statutory warranty, for the repair or replacement of specified parts, which falls within the terms and conditions of the policy.

Tyre and rim insurance is also available which protects you if your motor vehicle’s tyres are punctured, suffer a blowout, or are damaged by various road hazards. It also provides cover for damage to wheel rims, also, as a result of specified road hazards. There is also an optional extra of accommodation cover should you require accommodation if this happens to you in a location at a specified distance from your home.

When it comes to car finance there are many options to consider. How long do you intend on keeping your vehicle? This is an important consideration as it determines how long your finance contract will be for, possibly the residual you can allow for and any early termination fees that need apply. Do you intend on using your vehicle for commercial purposes? If so, you may be eligible for discounted commercial rates.

What type of finance product are you after? Your company may offer salary packaging of vehicles. This enables you to take out a novated lease whereby the finance payments are deducted from your pre-tax income. Salary packaging also enables you to take out a fully maintained novated lease, which allows you to deduct not only the finance repayments but the running costs of the vehicle from your pre-tax income. The running costs of the vehicle include fuel, servicing, registration, tyres and insurance.

Alternatively, you may wish to take out a car lease, personal loan or chattel mortgage. To find out more about your car financing options speak to a Madison Finance representative today on 1300 887 967. At Madison Finance we can tailor a finance package to suit your needs, circumstances and budget. We have access to over 30 lenders, some with exclusive agency, to ensure that you are provided with the best possible car finance solution.

Finding good staff and being able to retain them is often a difficult task. By offering incentives to employees, your company becomes attractive and therefore you are more likely to attract and retain staff. By offering your employees a novated lease option for their vehicle it means they can finance their car from their pre-tax income. This is a way of salary sacrifice. A novated lease can also be used as a means of financing their partner’s car, which in turn becomes financed from their pre-tax income. By saving your employees thousands of dollars in tax each year, you become an attractive means of employment.

Employees like to salary package their vehicles because it means they can use their own vehicle as a means of transport, rather than relying on a company car that is often used by other staff members. As such, the employee is able to obtain the car that they desire, rather than fitting into company guidelines. If the employee does terminate their employment they are able to retain their vehicle. They have the choice of leasing their car through their new employer (if available continuing with the repayments themselves, or offering the car to the finance company for buyback. This also proves attractive to employers as they do not need to retain cars once employees leave. This negates the need for excess company cars to be kept in stock.

As part of salary packaging a vehicle the employee may also choose to take out a fully maintained novated lease. This means that the running costs of the vehicle, such as servicing, fuel and tyres are paid for from their pre-tax income. The tax savings literally do add up. Employers are no longer required to maintain company cars as this is a huge expense on the company books. As you can see, offering salary sacrificing techniques to your employees is beneficial to both employees and employers alike.

Fitting out an office is an expensive exercise, particularly given that companies are keen to provide their costumers with an edge. It is also beneficial for staff to work in an attractive environment as this creates a good feeling and helps to attract staff. At Madison Finance we have helped small and large companies fit out their offices by offering a leasing financing option.

By leasing your office equipment it enables you to acquire the equipment you require without using your cash resources. Companies are aware that by leasing their equipment it provides them with greater cash flow and a financial benefit in the way of tax savings. You can find a leasing solution to suit you whereby your office equipment is financed in manageable monthly instalments.

Office equipment is constantly being updated and added to. Whether you require computers, software, printers, photocopiers, furnishings and so on, at Madison Finance we are here to assist you.

At Madison Finance we understand that obtaining car finance in the past has been a cumbersome task. As such, we have streamlined the process to make it as simple as possible for you. By offering online quotes and applications we have provided you with the opportunity to apply for car finance at a time that is convenient to you.

With access to over 30 lenders, some with exclusive agency, you will be sure to be provided with the best car finance solution possible. We can also forward the necessary paperwork to you via email to speed up the transaction process. This also allows you to sign documentation at a time that is convenient to you.

By using Madison Finance you are being serviced by a team of professional and experienced finance brokers. We are constantly aware of special promotions offered by our financiers and which financier is most suited to your type of transaction. This will enable an expedient approval and settlement for you. Buying a car should be a pleasant experience and by providing you with a car finance solution in a professional and expedient manner we also aim to make it a rewarding experience for you.