The Board of the Reserve Bank of Australia (RBA) has announced the basic cash rate has been held at 4.75 percent. This is now the ninth consecutive month that the rates have been held due to instability in the global economy and a two stream economy taking place in Australia, amongst other factors.

In a recent speech, RBA Governor Glenn Stevens said the massive growth in retail during the 1990s and 2000s resulted in a culture of too many businesses expecting continued growth in retail. He insists that while that boom was killed off by the GFC, the present problems with many top retailers should come to an end within a few years as the sound economy gradually catches up.

Whether you are looking for car or equipment finance, Madison Finance has a product to suit you. With over 30 lenders to choose from, some with exclusive agency, we have the widest range of financing products. Due to the volume of work we put through our lenders we are provided with low rates and exclusive deals.

Due to the wide range of finance products available we can tailor a finance package to suit your needs, circumstances and budget. We are able to provide you with many financing options, such as a personal lease, novated lease or fully maintained novated lease, commercial hire purchase or chattel mortgage. We also have access to a professional package, low doc and no doc finance products. Alternatively, you may wish to rent your equipment prior to purchasing – we can take care of that too.

So no matter what type of finance you require, we will be sure to assist you in everyway possible. Call us now on 1300 887 967!

Manufacturers are now doing sales on their 2011 model vehicles. This is to make way for upcoming 2012 models. As car manufacturers are keen to meet their monthly targets they are slashing the price on their 2011 model cars. With the government tax incentive on purchasing a new car, there has never been a better time to buy a new car and with such bargain prices – who can resist!

Be prepared when looking for your next car bargain by having your car finance pre-approved. This will save time when you find your dream car as you will have the confidence to put a deposit on it straight away to secure your new vehicle. You will also be aware of your monthly committment upfront and the budget you have in sourcing your new vehicle. To obtain a obligation free quote speak to a Madison Finance representative today.

The Australian Tax Office (ATO) is openly warning that it is closely looking at businesses that operate on ebay. The ATO has a team formulating ways to catch specialists who fail to report all their income as the growing online retail sector continues to take sales away from the traditional bricks and mortar operators. It is believed the ATO has joined with CentreLink in requesting ebay for personal records of all sellers with a turnover of more than $20,000 in 2010-11.

Now even Australian financial analysts are amazed how much media the Greek financial crisis is getting. They insist that small country is no more than 2 percent of the total European economy and the near hysteria in most popular media appears determined to paint an out of proportion black picture, presumably due to its preference for bad news.

It is extremely important to maintain your car inside and out to ensure longevity and smooth running of your vehicle. By looking after your vehicle it will look after you and provide you with a better resale value when it comes time to sell. The extra money you make in selling your car by looking after it will provide you with a greater deposit for your next car.

Ensure your car is regularly serviced by a reputable mechanic as this will also provide a better resale value as your service books will be stamped and this is something future buyers will be looking at. You will also be ensuring that your vehicle is safe to drive on road.

By keeping on top of your vehicle maintainence by doing some simple self maintenance checks in between servicing it will avoid the need for large service bills. Don’t wait until something breaks before getting it fixed. If you notice that something doesn’t look or sound right – get it seen to right away.

If you are looking to sell your vehicle ensure that it is detailed as it will also bring you a higher sell price. If your car is looked after and in a pristine condition, you won’t be giving buyers a reason not to buy your car. Once you are ready to purchase your next vehicle, ensure that you obtain a pre-approval of your car finance so you can ascertain what your budget is in buying your next car.