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.

It is a new year for the car dealerships and they are keen to kick off the new financial year with a high level of sales. As such, you will continue to find great deals on new and used cars at car dealerships. With pressure to continue to meet their budgets they will be eager to provide you with the car you require at a good price.

To ensure that you not only receive a great deal on your car but also your car finance, utilise the services of a car finance broker. A broker will be able to provide you with a wide range of car financing options to ensure that you are provided with the best possible car finance deal. With such a wide array of car finance products you will be able to find a car finance solution tailored to your needs, circumstances and budget.

The rules for child restraints was amended recently to protect our children from injuries sustained in the event of a car accident. Children are to remain in a form of restraint until they are 7 years of age. For infants under 6 months an approved a rearward facing restraint is to be used, and this must only be used in the back seat. For children aged 6 months to under 4 years they must use either an approved rearward or forward facing restraint with an inbuilt harness. Once your child reaches 6 months it doesn’t mean they can be placed in a forward facing restraint. A forward facing restraint can only be used once they meet the weight or length limit for their rearward facing restraint.

Once again children from 4 years to 7 years of age can only be restrained in the back seats. They can use either a forward facing restraint with inbuilt harness or an approved booster seat. Once your child reaches 4 years of age do not place them in a booster seat until they reach the weight limit of 18 kg. It is recommended that children over 7 years of age still travel in the back seat and continue to use their booster seat until they reach 26 kg and meet the height limit of 145cm. For more information on child restraints visit the vic roads website.