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:
 

Home Loans 4
		Comparison Rate
12 months Introductory Variable	4.66%	5.78%
36 months Introductory Variable	4.85%	5.51%
Standard Variable	5.09%	5.19%
Line of Credit	5.19%
Fixed Rates:
1 year	4.99%	5.10%
3 years	5.84%	5.68%
5 years	6.49%	6.05%
Low Doc Variable	5.21%

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 

In the recent Small Business and General Tax Break businesses can claim an additional 50 per cent tax deduction (i.e. turnover < $2 million)  for eligible assets costing $1,000 or more that they acquire before 31^st December 2009, and install by 31^st December 2010.

Examples:

1) a business that purchases and takes possession of a $100,000 photocopying machine can claim an additional $50,000 deduction in its 2008-2009 tax return.

2) a business that purchases and takes possession of a $35,000 new vehicle can claim an additional $17,500 deduction in its 2008-2009 tax return.

3) a business that buys and takes possession of a $260,000 prime mover can claim an additional $130,000 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

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.

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 7.2% in April 2009 and has risen for four months.

• The unemployment rate increased by 0.2% to 5.7% in May 2009.

• Housing Finance for Owner Occupation increased by 3.1% in April 2009 compared with March 2009.

United States

• CPI remained the same in April 2009.

• The unemployment rate for May 2009 increased to 9.4%.

England

• The volume of retail sales in the three months to April 2009 was 0.7% higher than the same period a year ago.

• The Halifax House Price Index increased by 2.6% in May 2009.

New Zealand

• Residential building consents in April 2009 were 31% lower than in April 2008.

• Total retail sales rose 0.5% for April 2009 compared with March 2009 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