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.