Now that we are at the beginning of a new fiscal year you may wish to change the way you have financed your car. It is advisable that you seek advice from your accountant as to which is the most tax effective way to finance your car. Once you have established this, speak to a finance broker about the products they have available to you.

At Madison Finance we can offer you a number of alternatives for financing your next car or refinancing your existing vehicle. As we have access to over 30 lenders, some with exclusive agency, we can provide you with a wide range of financing solutions. You will have the option of a finance lease, chattel mortgage, commercial hire purchase, novated lease and fully maintained novated lease. Not only will you have access to all of these products but each product can be tailored to suit your needs, circumstances and budgets.

The Toyota Corolla is a very popular vehicle amongst Australians and as such Toyota wish to continue their success. They have done this by introducing a special edition Ascent Sport hatch to attract more customers. The special edition sport has been based on the 2010 Corolla Ascent, however, you will find $1,600 worth of additional equipment for just $510 extra.

The special edition boasts 16 inch alloy wheels, front foglamps and a body kit. The body kit consists of a front spoiler and a rear wing. Toyota are hoping that the sports model will appeal to the Y Generation. With an audio head unit that has amber backlighting, bluetooth, USB connectivity, cruise control, a premium steering wheel and gearshift knob, they are certainly heading in the right direction.

To find out if you qualify for car finance on one of these fantastic new vehicles speak to a friendly Madison Finance representative on 1300 887 967.

We have noticed that car dealerships are having new financial year sales. This is in a bid to continue their increased sales and meet new budgets. Demonstrator and pre-owned vehicles seem to be the cars they are eager to offer the greatest bargain on, so they can make way for new vehicles. Some manufacturers are already offering great specials on their new vehicles, including free CTP, stamp duty and registration.

If you are keen to grab yourself a bargain speak to a Madison Finance representative to arrange pre-approval of your car finance. This way you can purchase with confidence, knowing that your car finance is approved and that you are staying within your budget.

A novated lease is a great way to start the fiscal year. Having looked at the tax you paid for the last financial year can be depressing and as such you may wish to look at a novated lease. A novated lease is a tax effective way of financing your car. By taking out a novated lease your car repayments are deducted from your pre-tax income, thus saving you tax each year and effectively increasing your take home pay. If your employer doesn’t offer this means of finance we are happy to speak to your employer about offering this option to their staff.

Offering a novated lease program to staff members helps to retain and attract staff. The paperwork required for a novated lease program is minimal. A novated lease can also be extended to a spouse to enable them to make their car repayments from your pre-tax income. A fully maintained novated lease can also be offered. This enables you to also pay for the running costs of your vehicle from your pre-tax income. The running costs of a vehicle include fuel, servicing, registration, insurance and tyres.

As we have entered a new fiscal year you may find that you are left with a bigger than expected tax bill. As such, purchasing the equipment you require for your business may not be a possibility at the moment. Fortunately, at Madison Finance, we have a solution for you. We understand that purchasing equipment for businesses is a costly expense and one that may not always be practical, even though the equipment is required to continue to run your business efficiently.

Equipment rental is a new product that we are happy to offer our customers as a solution to enable them to grow their business without the financial pressures. By renting your business equipment you will have the opportunity to use the equipment you require immediately without using your valuable cash resources. You can rent the equipment over a specific rental period with a view to purchase it at a later date, return or upgrade it or continue to rent. If you choose the purchase the equipment, the rental you have paid over your rental term reduces the purchase price as you receive a rental rebate.