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Home/News/EOFY Car Finance Deals 2021

EOFY Car Finance Deals 2021

EOFY Car Finance Deals 2021

Are you an ABN holder and looking to make a big car purchase for your business? Look no further than Westside Auto Wholesale.

Rates from as low as 3.99% and immediate delivery for approved ABN holders, financing the purchase of a new vehicle is an option that is easier than you think. With fast approvals, no deposit finance, and flexibility in loan terms, your dream car might not be out of your reach.

Take advantage of the extended Instant Asset Write-off scheme this financial year. The IAWO provides you with the perfect opportunity to upgrade your business's vehicle and will allow you to immediately deduct and claim all costs associated with the eligible business portion of the purchase this financial year.

For assets used or ready for use between 12th March 2020 until 30th June 2021, the Instant Asset Write-off threshold amount for each asset is $150,000 and the eligibility extends to businesses with a turnover of less than $500 million.

We recommend speaking to your accountant or one of the Westside Auto professionals about if the Instant Asset Write-off is right for your business’ used car purchase.

If you meet the requirements, the team at Westside Auto Wholesale are happy to assist with your business's next car purchase.

Please feel free to contact us if you have any questions.

Would you like more information about our Vehicle finance solutions? Check out our vehicle finance page for more information.

FAQ

What is vehicle finance?

Vehicle/car finance refers to the money you borrow in order to purchase a car. Whether you get a loan from a bank or from the dealership, you have to pay back the amount you borrowed plus interest.

What are the benefits of financing my car?

Financing your vehicle can provide a number of benefits including flexibility in loan terms, the ability to manage your cash flow with fixed repayments, and the potential to claim tax deductions.

Can I claim the Instant Asset Write-off scheme?

Any eligible businesses can claim an immediate deduction for the business portion of the cost of an asset before 30th June 2021. To see if your business is eligible, we recommend speaking to your accountant or tax professional.


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