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Why now is the perfect time to upgrade your business vehicle or machinery

Why now is the perfect time to upgrade your business vehicle or machinery
25Jun2018

Is it time to upgrade your business equipment or company cars? With business finance, you could have access to funds to make these purchases in as little as 48 hours. Learn why now is the perfect time of year to invest.

It’s almost the start of a new financial year, which makes it a perfect time of year to upgrade your company vehicle, your business machinery or equipment. Why? EOFY sales are in full swing, with many suppliers reducing prices heavily to reach their targets or clear items ready for new delivery of new stock. If you manage to make the purchase before June 30, you can potentially maximise your tax deductions for the financial year, which could also help to make your purchase more affordable. But even investing in new equipment for your business in early July, when bargains are still to be found, can be great for tax purchases as the items can be claimed as a deduction next year.

“It’s still a huge up-front cost, I can’t afford it!”

We understand that business machinery or a new fleet of company vehicles can be expensive and put a big dent in your business’ cash flow. But often, these investments can bring in more revenue and profits for your business in the long run. New machinery may expand your production levels to meet demand, allowing for an increase in sales. A new set of tools may allow you to get the job done quicker, making your work more efficient. And with business finance, you don’t need to make a large upfront investment.

We’ll work with you to organise finance that fits your business.

There are several options available when it comes to business finance, and all options mean that with pre-agreed repayments, you can budget more accurately. Asset finance is usually a great option for equipment and machinery, but we’ll work with you and do a thorough assessment of your business to work out which may be the right loan option for you.

We can access a wide range of specialist small business, machinery, plant and equipment lenders - and that means we can tailor a competitive finance solution to fit your business needs.

Since Carbon have a team of accountants, we’ll work with them, or alternatively your preferred accountant, to help you decide what sort of finance works best for your business needs and allows you to maximise your tax deductions.

You could have access to the funds you need in as little as 48 business hours. If you think it's time to upgrade, then don't wait another year. Call us today to find out more.

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