Car Finance Blog
Finance News, Comments & Advice
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Lexus to meet hybrid demand
Car manufacturers are constantly finding ways to stay competitive in the market place. With demand for more efficient and economically friendly cars we are finding a turn in trends for hybrid vehicles. Lexus have now announced that they will be taking on this market in the hatchback stakes to compete with the Audi A3, BMW 1-Series and Mercedes-Benz B-Class. This vehicle will give Toyota’s premium brand “Lexus” the much needed car they require in the luxury compact field.
The Lexus CT200h hybrid hatchback will go on sale in Australia in the first half of 2011. Lexus are very excited about taking on their German counterparts and they are describing it as Australia’s most advanced luxury hatchback. The CT200H is 75mm longer than a Toyota Corolla and has designed its engine, motor and battery components from its ever popular Prius. However, the CT200h will deliver a sportier drive with more power to compete with its German competitors. Pricing is yet to be confirmed but is expected to start below $50,000 to ensure it remains competitive amongst its intended rivals.
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Car finance for professionals
If you are a professional looking for car finance it will be of benefit to you if you use a car finance broker. By using a car finance broker you will gain access to over 30 lenders, some with exclusive agency. Our financiers provide us with reduced rates which we can offer to professionals due to the volume of business we write. We have the privilege of being able to offer favourable terms. We are also able to offer you a wide variety of finance products due to our large range of financiers. We are constantly kept abreast of any special promotions offered by our lenders, which we can then offer to you.
Whether you require finance for business or personal use we can provide you with a car finance solution to suit your requirements. You may wish to take out a personal lease, chattel mortgage or commercial hire purchase. Alternatively we can provide you with a novated lease or a fully maintained novated lease. Whatever your needs we will be able to meet them and with favourable rates.
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Who benefits from an equipment rental scheme?
An equipment rental scheme is beneficial for anybody who is in business and wanting to grow or update their equipment without tying up valuable cash resources. It is also beneficial for those that are looking at setting up a new business to reduce their upfront costs. Franchisees often look to a rent-try-buy scheme as it safeguards them in many ways. There is no need to offer directors guarantees which means they don’t need to offer their house as security. Rentals do not appear on the balance sheet so it will not affect their borrowing capacity for other uses. Rental payments are also 100% tax deductible.
As renting provides so many advantages, businesses that are looking to update their equipment benefit greatly. Renting provides businesses with the opportunity to have the latest equipment, thus being able to provide their clients with the most efficient service. Equipment is costly but by renting your equipment you will be able to obtain the equipment you require when you need it, not when you have the capital to purchase it. Your capital can instead be used to grow and expand your business.
We find that businesses that require equipment that is costly tend to use a rental scheme. We specialise in all types of equipment rental, in particular bakery equipment, butchery equipment, compressors, construction and earthmoving, hospitality equipment, fitness equipment, trailers and capital equipment.
You can obtain a rental quote online or alternatively speak to one of our friendly and professional rental consultants on 1300 887 967.
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Try before you buy
At Madison Finance we are now pleased to announce that we can offer our customers a Rent-Try-Buy scheme. We understand that purchasing equipment can be costly and disruptive to the company’s expenses. As such we can now provide you with a finance solution as the real benefits of having business equipment come from using it, not owning it. No longer do you need to outlay a large amount of capital to own business equipment. We understand that cash flow is required to not only grow but run your business. You will now be able to obtain the latest equipment without the huge financial burden, thus being able to concentrate on running your business to the best of your abilities.
By utilising a Rent-Try-Buy scheme you will be able to have the latest equipment on hand without the need to buy it. You will be able to update your equipment as technology advances. No longer do you need to use your cash flow to purchase depreciating assets. Alternatively, if you find that you do need to purchase your equipment, you have the option to purchase after the rental period for 75% of the rent you have already paid.
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BMW X1 release
BMW have released a compact version of their SUV range. The smaller version is expected to attract younger consumers to BMW. It is a vehicle suitable for singles and families with one or two children. As pricing is at entry level, you can expect to pay only $5,000 more than the base model 1 series hatchback. Visually the X1 looks like a shrunken version of the ever popular X5. As the X1 is a smaller model it does tend to look like a sportier looking car, which once again appeals to the younger consumer.
The X1 only comes in a diesel engine at this stage with a petrol version to be introduced in June. The wheels are a standard 17 inch alloy which can be upgraded to 18 inch alloys. The cabin is fit for 5 passengers with plenty of leg and head space considering the size of the vehicle. The interior is imitation leather which can be upgraded to Nevada leather. Rear parking sensors, dual climate control and blue-tooth phone integration are standard on all models. The safety equipment comprises dual front airbags, side and curtain airbags.
To see if you qualify for finance on an X1 speak to a Madison Finance representative on 1300 887 967.