Interest Rate Update.

Perks Finance can assist with all your finance requirements. Please do not hesitate to contact us to discuss your finance options and obtain the most competitive quotes from our panel of lenders.

Indicative Interest Rates available through Perks Finance are:

Interest Rates for Business Loans secured in full or part by commercial security are calculated by the bank or financier based on your individual circumstances.

Please contact Perks Finance for a personalised quote.

¹ Rates are dependent on term, balloon, type and age of equipment.

² Rate based on $50,000 new vehicle over 5 years with nil balloon.

³ Fully secured by residential security. Other rates available upon request.

⁴ Comparison rates based on $250,000 over 25 years. Comparison rates are available upon request or from the office of Perks Finance Pty Ltd.

Terms, conditions, rates and charges apply to all lending products.

Phil Wigley Director pwigley@perks.com.au

New Tax Break on Equipment

Part of the Governments $42 billion dollar stimulus package is a tax break for small businesses to purchase equipment before the end of June 2009.

Small businesses can claim an additional 30 per cent tax deduction for eligible assets costing $1,000 or more that they acquire from 13 December 2008 to 30 June 2009, and install by 30 June 2010. 

Examples:

1) a business that buys and takes possession of a $60,000 backhoe by the end of June 2009 can claim an additional $18,000 deduction in its 2008-2009 tax return.

2) a business that purchases and takes possession of a $35,000 new vehicle by the end of June 2009 can claim an additional $10,500 deduction in its 2008-2009 tax return.

(3) a business that buys and takes possession of a $260,000 prime mover by the end of June 2009 can claim an additional $78,000 deduction in its 2008-2009 tax return.

What better time to contact Perks Finance to arrange a quote for your next equipment or vehicle purchase. 

Financing can be obtained as:

• Chattel Mortgage
• Hire Purchase
• Finance Lease
• Operating Lease / Rental

Before you make your next business purchase, talk to Perks Finance first to get the right advice on structuring the purchase to help your cashflow, save you stamp duty and maximise your GST claim.

If you have any other questions regarding the new tax break, please contact Perks Finance on 8273 9300 or at perks_finance@perks.com.au or your accountant.  

Finance Review and Audit.

If you are not sure you are obtaining the best possible deal from your existing bank, we would be pleased to assess your current banking arrangements. We can either find an alternate financier for you, or negotiate on your behalf to get a better deal from your existing bank.

 Official Cash Rate.

Australia.

• Building Approvals for private sector houses rose 1.1% in January 2009.

• Housing Finance for Owner Occupation increased by 2.4% in January 2009 compared with December 2008. 

• The Unemployment Rate increased by 0.4% to 5.2% in February 2009.

United States.

• CPI increased 0.3% in January 2009.

• The unemployment rate for February 2009 increased to 8.1%.

England.

• The volume of retail sales in the three months to January 2009 was 3.2% higher than the same period a year ago.

• The Halifax House Price Index decreased by 2.3% in February 2009.

New Zealand.

• Residential building consents in January 2009 were 39% lower than in January 2008.

• Total retail sales fell 1.1% for December 2008 compared with September 2008 quarter.

For more information please contact:

Phil Wigley at pwigley@perks.com.au,

John Seidel at jseidel@perks.com.au,  

Jim Materne at jmaterne@perks.com.au or

Maryann Ianni at mianni@perks.com.au

Adelaide
247 Fullarton Road
Eastwood SA 5063
T: (08) 8273 9300
F: (08) 8274 1466
Web: perks.com.au

Victor Harbor
163 Hindmarsh Road
Victor Harbor SA 5211
T: (08) 8552 3711
F: (08) 8552 3771

Darwin
59 Smith Street
Darwin NT 0800
T: (08) 8941 8600
F: (08) 8941 9600

Alice Springs
73 Hartley Street
Alice Springs NT 0870
T: (08) 8953 4400
F: (08) 8953 4599