New recreational or ‘lifestyle’ asset types can be financed as a Consumer Loan product, including: •motorcycles and scooters (road bikes only) •caravans •campervans •motor homes. The maximum loan amount under the Consumer Loan product has also been increased to $250,000. This applies to all asset types excluding motorcycles and scooters, which are capped at $100,000. With some of the most…
The ATO has updated the Luxury Car Tax (LCT) thresholds for the 2015/16 financial year. Starting the 1st of July 2015 luxury car buyers can now look forward to a small price saving. LCT applies to the sale of vehicles that are two years old or younger as per ATO guidelines. Beginning this financial year the threshold has been raised…
Commercial & Business Vehicle Finance Deals are available for new and used cars for your business: Low doc deal – no financials required • Established in business minimum of 2 years. • Low Doc Maximum amount $100,000 • Applicant / Director / Partner must have reasonable equity in property. Evidence to be provided. Non property owners require 20% deposit •…
Low Doc Commercial Asset Equipment and Vehicle Loans – No Financials Required Do you meet the following criteria? Minimum 24 months ABN & GST registration? Purchasing from an authorised supplier (LMCT), dealer, car broker or auction house (Laudiston, Pickles Auctions, etc.)? Asset is a maximum 4 years old? Vehicle/Equipment is less than 4.5 tonne? Cost is a maximum of $100,000?…
If This Then That (IFTTT) will put the internet to work for you with little ‘recipes’ that can automatically update your social profiles or send you an alert. If you ride your bike into work you could set up a “recipe” to place an event in your Google Calendar when the weather in your area is “Clear”. It will also…
Chattel mortgage provides finance for companies, trusts and businesses to purchase goods that are used within the business; such as motor vehicles, trucks, earthmoving, industrial plant and professional equipment. The asset must be for business use more than 50% of the time. Tax Implications of Chattel Mortgage This product is a means of minimising capital expenditure for your business, allowing…
