Aug 31st, 2023
HURRY! 5 Tips For Finding The Best Ute Before June 30!
The clock is ticking, and the end of the financial year is just around the corner. If you’re in the market for a reliable and versatile workhorse like a ute, now is the perfect time to buckle up and accelerate your search before the available tax deductions end! At Rostron Finance, we understand that finding the perfect ute can be a challenging task, so we’ve compiled a list of five essential tips to help you make a smart decision before June 30!
So, let’s rev up those engines and get started on your journey to finding the perfect ride!
1. Define Your Business Requirements
Before you hit the road, take a moment to assess your business needs. Consider the nature of your work and the specific requirements of your industry. Are you a tradie needing ample cargo space for tools and equipment? Will you be transporting heavy equipment? Are you after a single cab or dual cab? Or perhaps you’re looking for a ute that can handle off-road terrain. Understanding the purpose of your ute will help you select the right size, payload capacity, and towing capabilities for your ute.
No matter how tempting it may be to go all out with the latest tech and added specs, setting a realistic budget is essential. Determine the amount you can comfortably allocate, including upfront costs, ongoing expenses, and potential loan repayments. It’s always wise to leave a little room for unexpected costs that may arise along the way. By setting a budget, you’ll have a clear idea of what you can afford so you can focus on finding the best ute that suits both your needs and wallet.
When it comes to finding the best ute – don’t be a rookie by not doing your due diligence. Start by exploring online resources, comparing different models and reading reviews. Look for trusted sources that provide valuable insights about reliability, fuel efficiency, safety features, and performance. But don’t stop there. Visit dealerships and talk to experts who can provide comprehensive information about different models and their capabilities, and take advantage of test drives. The more research you do, the better equipped you’ll be able to make an informed decision.
4. Explore Financing Options
Once you’ve narrowed down your options and have a clear understanding of what you’re looking for, it’s time to explore financing options. At Rostron Finance, we’ve got the experience and knowledge to help you find the best loan that suits your needs. Our team will guide you through the process, explain the different loan types and provide tailored solutions that align with your financial goals.
With over 50 lenders to choose from, we can help you look at the interest rates, terms and fees associated with each loan option to determine which one offers the best value for your needs and budget. Remember, a smart financing decision can save you a significant amount of money and provide you with more flexibility in the long run.
5. Seize The End Of Year Sale Opportunities
The end of the financial year brings a flurry of opportunities, sales and incentives. If you’re thinking of purchasing a ute for business purchases, now is the time to take advantage of the currently available tax deductions, as well as the exciting deals and discounts offered by dealerships and vehicle manufacturers. These offers may include reduced interest rates, extended loan terms, bonus accessories or servicing packages, which can provide peace of mind and potential savings in the long run.
Instant Asset Write-Off Ending JUNE 30!
One of the most enticing reasons to purchase a new work vehicle before June 30 is to take advantage of the available tax deductions. But, you need to act quickly! The Labour Government’s latest update on the Instant Asset Write-Off Scheme announced in the 2023-24 Budget, means that time is running out to claim substantial deductions for your new work vehicles. From July 1, the claimable amount will drop significantly from $150K to just $20K. To avoid higher tax burdens in the future, it’s essential to make your purchase this financial year. Don’t wait until it’s too late! Take advantage of the current scheme and purchase essential business assets worth more than $20K, now!
Finding the best ute before June 30 doesn’t have to be a daunting task. By following these five tips, you’ll be well on your way to securing a fantastic deal on a reliable and versatile workhorse. Remember, time is ticking and the EOFY finish line is fast approaching, so don’t miss out on this opportunity to find the perfect ute and drive your business forward.
If you’re considering purchasing a new vehicle for your business before EOFY and need financial assistance, give our expert team a call on 1300 70 70 39 for more information on how we can get you started.
