Car Finance and Car Loans

The South Australian Government has reduced rental duty rates applying to Hire Purchase
and Lease Agreements from 0.5%to 0.25% as from 01 July 2008.

In addition, a lower rate of mortgage duty applicable to Chattel Mortgage and Consumer
Loans will apply at a rate of 0.15%.

For the first $6,000 advance, the stamp duty is $10.00 and then $0.15 for each $100 over
the amount of $6,000.

All Madison Finance car finance and car loan agreements will be adjusted accordingly as of 1st July 2008 to reflect these new changes.