If you are running a business, your car, work van are your work tools. Let’s face it, not many people these days will outlay $50,000 cash to buy a car outright, rather, they will use that cash in somewhere else to generate better returns than putting it down in buying a car which is a depreciating asset. Most importantly, the interest on business use portion are tax deductible.
Car finance have several types of finance contract, such as Commercial Hire Purchase, Lease, or Chattel Mortgage. Different type of loans contract has different taxation effect. The treatment of GST claim can also be different. 168 Finance team can guide your through these pros and cons of different car finance myths, hence you are not disadvantaged.
Contact 168 Finance team today on 02 8046 7621 , or mobile 0416 200 008, and get your MV finance approval fast.
Send us a short message, we will contact you within 2 hours.
