Aspley Mazda – End of Financial Year Festival and Finance FAQs
June 8, 2023
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Aspley Mazda – End of Financial Year Festival and Finance FAQs
As the end of the financial year approaches, a window of opportunity has opened for incredible deals and huge savings. Exclusive to Aspley Mazda while stocks last, we’re holding an End of Financial Year festival with some of the best people, cars and deals in this business.
Find a new car in Brisbane and you can choose between bonuses like a $500 VISA gift card, three years of free scheduled servicing or free Compulsory Third Party insurance and rego. You can also claim a $1000 deposit bonus on models like Mazda BT-50, CX-5 and CX-9.
With a sale every Saturday and multiple options available for Mazda Finance in Brisbane, it’s the perfect time to head to Aspley Mazda before the month is through.
We spoke to Kevin Mudie, our resident lead business manager (finance), and asked him for his answers to some of the most commonly asked questions the public has about Aspley Mazda Finance in Brisbane.
General Finance Questions
Q: Is my interest rate fixed for the term?
A: Yes, the interest rate is fixed.
Q: Can I pay my loan out early?
A: Yes, you can pay out your loan early. However, fees and charges apply.
Q: Will I save money by paying out my loan early?
A: Yes, the interest is worked out on the reducing amount and only charged up to the payout day.
Q: Can I choose the frequency of my repayments?
A: Yes, you can choose between weekly, fortnightly and monthly.
Q: Can I pay more than my minimum payment?
A: Yes, you can more than the minimum. You can even increase the regular direct debit payments.
Everything you need to know about Instant Asset Write-Off
Purchase now before June 30 before the threshold reduces. Announced in the 2023-24 Federal Budget, the revised Instant Asset Write-Off scheme will put a cap on $20,000 for new and used work cars.
Q: What is the Instant Asset Tax Write-Off and what does it mean?
A: Instant asset write-off is a tax scheme that lets you purchase capital assets for your business and receive an immediate tax deduction. The claimable threshold was increased during Covid and has lasted a few years. However, come July 1st this year it will be slashed from $150,000 to $20,000.
Q: Which cars are eligible for the instant asset write-off?
A: Any car, you name it, as long as it is used for business purposes. There is, however, a cap in place for vehicles that are classified by the ATO as ‘passenger cars’, as opposed to ‘commercial vehicles’.
Q: Can I still get instant asset write-off if my car isn’t purely for work?
A: Not necessarily. With instant asset write-off, you can deduct the percentage of your vehicle that you use for business.
Q: Are car accessories eligible for instant asset write-off?
A: Yes, all accessories installed by the dealer at the time of purchase are included in the vehicle’s asset offset value.
Q: What if I purchase my car with a car loan?
A How you finance your vehicle doesn’t impact your eligibility for the instant asset write-off.
Q: How can customers take advantage of this before the end of the financial year?
A: To take advantage of the 150k threshold you will need to purchase a car and get it delivered before June 30. Luckily for you, we have cars in stock and ready to go to new homes instantly. Come down and chat to us or send an email to get the ball rolling before times up. There’s never been a better time to upgrade your assets and give your business that extra boost!
Guaranteed Future Value
Guaranteed Future Value (GFV) allows you to change your Mazda every couple of years or so, enjoying the latest advancements in style and technology. It locks in a guaranteed minimum value that your car will be worth to us after your loan term, so you never have to worry about its value depreciating. You can experience the benefits of GFV as well as lower monthly repayments with our Mazda Assured finance option.
Here is how it works. One of our Business Managers will walk you through a few easy steps. We’ll help you decide how much money you need to borrow. You’ll then select a loan term and nominate the approximate number of kilometres you’ll be doing. Your GFV and repayments will be calculated on the spot, sparing you any surprises down the line.
If you’d like to know more about how the process works, here is Kevin answering some frequently asked questions about GFV.
Aspley Mazda Finance Options
Aspley Mazda offer tailored solutions and bespoke financing to suit each individual’s needs. No matter your credit score, employment situation or the amount of cash in your bank account, we can assist you with Mazda Finance in Brisbane.
You can take advantage of our finance options on a used car or a new car in Brisbane. We can even work with you to tidy up your debts and improve your credit score.
Aspley Mazda have been meeting the needs of the people of North Brisbane for more than 50 years. A family-owned, award-winning business, our dedication goes beyond just selling cars and includes offering services and ongoing care to all of our customers.
Do you need servicing, repairs, parts or accessories for your Mazda? Come and see us at 1441-1461 Gympie Rd, Aspley, call (07) 3263 5333 or book an appointment.
As the financial year draws to a close, don’t miss out on these deals at Aspley Mazda. They’re only available while stocks last.
