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For operators planning to purchase at equipment auctions, Business.Finance provides pre-approved low rate used machinery finance to provide bidder confidence. Bidding at an auction can at times be nerve-racking. How high should you bid? Do I have the funds to pay that price? Will I have my credit approved in time to settle? Pre-arranging your machinery credit ahead of the event, may remove many of doubts and provide confidence to secure the machines required at these sales. Purchasing second-hand machinery at sales events can be an astute move. Especially in the current economic climate of higher operating costs. Quality used machinery can present a cost-effective acquisition compared with purchasing new. But acquiring goods at these events can require pre-planning, especially when funding is required to settle the successful lots. With our specialist lending services, operators can be well-prepared to bid on the day with their funding approved. Options for Securing Finance for Equipment Auctions When buying at sales events, bidders... Read More
New Year, New Business Venture? Flexible Start Up Business Finance Options Available
. 5 min read
Business.Finance assists operators with new ventures to secure flexible start up business finance for vehicles, trucks and equipment through the right lenders. As many new operators will quickly realise, not all banks and credit companies will approve lending applications from new enterprises. At least typically not with workable, affordable rates and conditions. Many lenders have approval criteria which include a minimum turnover, a minimum operational time and the inclusion of the complete range of financial records and documents. So how does a new set-up get off the ground with affordable asset funding? By applying for funding with the lenders that do approve funds for new operators. How does a new operator find these lenders? By engaging with a specialist broker in the commercial lending sector. We have accreditation with the type of lenders that new set-ups may need and we have the enthusiasm and interest to ensure our clients secure the funding their require. Getting Approved for Start Up Business... Read More
Time to upgrade? Latest best selling vehicles revealed
. 5 min read
For operators looking to upgrade as car stocks ease and sales soar, Business Finance provides lower rates on all options for financing best selling vehicles. From the latest record breaking sales figures, it appears that many individuals and businesses are getting behind the wheel of their new drives. The FCAI (Federal Chamber of Automotive Industries) reports yet another sales record for the month of August. The August 2023 results were the highest for an August and an encouraging 15.4% above the sales posted for August 2022. While the sales results are extremely beneficial for manufacturers and car dealers, for buyers, the impressive figures can mean better availability of vehicles after extended stock shortages. A welcome situation for business owners that have been wanting to upgrade their vehicles. The monthly vehicle sales results are interesting reading for motoring enthusiasts in general and for buyers that are keen to know where stock may be available and what other buyers have decided are... Read More
Business Loans: Fuel Your Growth and Achieve Your Goals
. 8 min read
In today's competitive business landscape, having access to financing is crucial for entrepreneurs and small business owners. Whether you're looking to expand your operations, purchase new equipment, manage cash flow, or seize growth opportunities, a business loan can provide the necessary funds to propel your business forward. In this comprehensive guide, we will explore the world of business loans in Australia, helping you navigate through the various options available and find the best solution tailored to your unique needs. Understanding Business Loans What is a Business Loan? A business loan is a financial product specifically designed to support business owners in funding their operations, purchasing inventory, paying employees, managing cash flow, and achieving their growth objectives. Unlike personal loans, business loans are exclusively intended for business or investment purposes, taking into account both the performance and history of the business itself, as well as the credit history of the business owner. How do Business Loans Work in Australia? In Australia,... Read More
The T-way replaces IVECO’s Trakker as a rugged, off-road vehicle for a wide range of applications. It has been especially built to tackle the most challenging operational conditions such as off-road applications in exploration, forestry, mining, tipper requirements, materials and water transport, agriculture and many others. The T-way has all the ‘hardcore’ off-road feature equipment as was on the Trakker but with a lot more. A selection of Euro 6 engines are included on the T-Way plus improved cabin comfort inclusions and upgraded safety. The cabin has styling a la the stylish design of the S-Way. To suit a wide selection of buyers and applications, the T-way range comes with various configurations and GVM/GCM. Overview: IVECO T-Way The configurations in the new T-Way range include 8x4, 6x6 and 4x4. The options for GVM/GCM are 20,000kg/44,000kg, 33,500kg/60,000kg and 41,000kg/60,000kg. There are 4 options for the wheelbase ranging from 3800mm to 5820mm. There are a lot of great features that buyers will... Read More
The CPI data for April, released by the ABS (Australian Bureau of Statistics) on 31 May surprised the markets. The increase in headline inflation despite a continued fall in the underlying rate, changed expectations more towards a June rate rise rather than a hold. But despite the April spike, there were still strong economic data and convincing reasons in favour of holding rates steady. Reading the actual statements from the RBA, including especially from the Governor Philip Lowe, rather than relying purely on media headlines, may be useful in getting a better understanding of what’s happening with rates. At this critical time of year with temporary full expensing ending and the new financial year about to start, business owners will no doubt value as much intel as possible to assist with finance decisions. In this update, we provide a rundown on the information available to date from the RBA – the decision release and an address by Dr Lowe. Noting... Read More
Q4 – time to finalise vehicle and equipment acquisitions with cheaper commercial finance
. 5 min read
Maximize Your Tax Deductions The fourth quarter of the financial year signals time to speak with Business Finance about cheaper commercial finance for vehicle and equipment acquisitions. Traditionally the last 3 months of the financial year is the time when many business owners assess their position and look to maximise tax deductions through purchases before 30 June. To be eligible as a tax deduction, assets may need to be operational in a business prior to that date. For some machinery and equipment time may need to be allowed for delivery, installation and commissioning. There are additional compelling reasons as to why moving now on essential acquisitions is even more important this year. Capitalise, Optimise, Maximise, Minimise Reasons to act now are driven by the opportunities to minimise interest payable on finance, capitalise on opportunities, optimise benefits and maximise tax deductions. A key reason is the interest rates outlook. While the latest inflation figures are seen by many as a reason... Read More
From soaring inflation to disinflation. Latest CPI relevance for interest rates
. 6 min read
How Disinflation Affects Commercial Finance Interest Rates Business Finance Australia covers off on the latest inflation figures from the ABS and the relevance of disinflation on commercial finance interest rates. Disinflation is the term which Michelle Marquardt from the Australian Bureau of Statistics (ABS) used to describe the two consecutive monthly figures of a lower inflation rate annually. From the peak of 8.4% reached in December 2022 and following a year of soaring rates, the ABS has now reported two monthly CPI data series of lower rates. January’s rate was a significant fall to 7.4%. A smaller drop was expected by the markets for February, possibly to around 7.1%. But the figures were much better than expected with the annual inflation to February 2023 at 6.8%. The result is extremely significant for interest rates as it comes less than a week ahead of the crucial Reserve Bank (RBA) Board meeting to make the April cash rate decision. This meeting and... Read More
Pause or raise? RBA interest rates options for upcoming decision
. 5 min read
With both a pause and a rise in interest rates possible at the next RBA meeting, Business Finance updates on rates to assist operators with finance decisions. The Reserve Bank (RBA) Board has announced ten rate rises consecutively since May of last year. But based on discussions at the RBA Board’s March meeting, a pause in those increases may be upcoming. There was discussion of a pause at the December meeting, as revealed in the minutes. Governor Philip Lowe backed that up at the time with remarks that all options were on the table. But the economic conditions prevailing by the February meeting meant the pause was not discussed. However, the minutes of the March RBA Board meeting do reveal that the option of pausing interest rate increases will be discussed at the upcoming April meeting. The optimism around that revelation may be moderated by the discussion at the same meeting, that it is likely that more increases will be... Read More
Cost-effective Luxury Vehicle Finance for Cars of the Year
. 5 min read
Business Finance Australia assists businesses to acquire high-end vehicles as judged the cars of the year, with cost-effective luxury vehicle finance. While the popularity of all types of SUVs continues to grow, the demand for the traditional style and elegance of a luxury sedan remains strong. Especially with many business owners and astute private buyers. Buyers that appreciate the attention to detail, exquisite engineering and the personal sense of achievement and satisfaction of owning and driving a luxury vehicle. But with many businesses and individuals dealing with the challenges presented by the current inflationary pressures, the finance for that new luxury vehicle needs to be cost-effective and affordable. We cover off on how we can deliver on that requirement after we advise on the latest award winners in Drive’s Car of the Year luxury segment. Car of the Year Medium Luxury Category The expert team at Drive has been conducting the annual awards and announcing the winners in over 20... Read More
