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 categories. One of those is for the best medium luxury car. A popular class of vehicle for business operators seeking not only the enjoyment of owning this type of vehicle, but to project the appropriate image to clients and stakeholders. A luxury vehicle has long been a success symbol. The medium size presents an ideal balance of ease of parking, style and functionality and attracts just enough attention without possibly being over the top. The Drive team judged a large number of vehicles and narrowed the field down to the three finalists. In deciding the finalists and winner, the judges looked closely at the dynamic ability, luxury, technology and other factors. The winner for 2023 is the Mercedes-Benz C Class. Runner-up the BMW 3 Series and finalist, or third place, the Volkswagen Arteon. With the latter, judges note that there is a lot to like about this particular vehicle. But let’s check out why the C Class took the honours for 2023. Mercedes Benz C Class  - Winner There are 12 variants in this range with quoted pricing ranging from just under $80K to over $200K. That is a broad price range that will likely attract a wide selection of buyers to the C Class. Prospective buyers can use the price estimates in our Commercial Finance Calculator to get a rough idea of the possible differences in repayments when stepping up to the higher-priced variant. The judges appear to have focussed on and judged the C200 and the C300 variants. These are in the price range of $78,900 and $90,400 respectively. The judges noted the new features on the C Class including the interior, safety features and looks as well as the technology as justification for the price increases on this Mercedes. The technology includes the MBUX – the Mercedes-Benz User Experience. The latest models have larger dimensions than the previous ones which is seen by the judges as more effective for owners.  More space in both front and rear makes a more comfortable drive for passengers. Judges note the comfortable, polished ride and the premium ambience of the interior. The dash display with an infotainment screen was seen as offering great configurability. Ten airbags and other features give the C Class impressive creds on the safety front. The C Class is considered a very impressive executive vehicle or for the stylish family. Luxury Vehicle Finance Options Whether purchasing as a private car or a business vehicle, the acquisition of a luxury vehicle needs to be affordable. We assist buyers with our More Affordable Interest Rates and bargaining power to negotiate with our lenders on key aspects which can impact the affordability of the finance – terms, rates and balloon or residual. The most popular business finance options are Commercial Chattel Mortgage and Leasing. Both very flexible and suitable to many types of businesses. Chattel Mortgage suits businesses that use the cash accounting method while Leasing is suited to the accruals method of accounting. Our cheaper interest rates, sourced from over 60 lenders, may bring the purchase of a luxury vehicle into the realm of achievability for more business owners. However, when it comes to financing a business car, the monthly commitment in repayments can often be the real deciding factor. Our consultants specialize in negotiating with lenders to achieve the most appropriate Business Automobile Finance structure that delivers the target repayment. Balloon payments may be varied and terms of up to 7 years secured to reduce the monthly outgoing. Business owners can further offset the expense of vehicle finance through the tax deductions. Those using Chattel Mortgage may consider temporary full expensing and realise a greater benefit in this financial year. The measure expires this financial year, so buyers will need to move relatively quickly to secure their Mercedes C Class. The luxury vehicle market is quite extensive with new models and even new brands entering the Australian market. To get approved quickly to secure your choice, speak with us even before the test drive. For cost-effective luxury vehicle finance contact Business Finance on 1300 000 033 DISCLAIMER: THE SPECIFIC PURPOSE IN PROVIDING THIS ARTICLE IS FOR GENERAL INFORMATION ONLY. IT IS NOT INTENDED AS THE SOLE SOURCE OF FINANCIAL INFORMATION ON WHICH TO MAKE BUSINESS FINANCE DECISIONS. BUSINESS OWNERS WHO REQUIRE ADVICE OR GUIDANCE AROUND THEIR SPECIFIC FINANCIAL CIRCUMSTANCES ARE RECOMMENDED TO CONSULT WITH AN ADVISOR OR ACCOUNTANT. 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