Don’t get yourself in a twist: 3 ways we can help you during COVID-19
We know the world is a little crazy at the moment.
Don’t get yourself in a twist; while we’re all socially isolated and stretching our budgets to the max, we’ve got 3 ways to make your assets work for you instead of against you.
Now is the time to buy
The car industry is plummeting right now – it’s the 24th consecutive month of declining new car sales. Car dealers are selling almost 700 less cars a DAY compared to last year. Whether you need to free up some cash or you’ve been thinking about getting an upgrade or a new car for a while, now is the best time to start looking around at your options.
If you’re struggling with the repayments or running costs for your vehicle, then you could think about trading it in for something cheaper to run or maintain
If your vehicle is financed, it could be time to look at refinancing your loan (i.e. reduce your weekly repayments). When you refinance you can either keep your current vehicle if you’re happy with it, or trade it in for something else that takes your fancy.
If the running costs are getting too much (e.g. your fuel bills), then you could start looking at getting something smaller and/or more economical. You could trade in your current car to reduce the cost to purchase or sell it privately to get some cash in hand and then use a portion of the sale to go shopping for a replacement car (online of course!)
So, whether you need an upgrade, your first car, or you’re in a tight spot, now is the time to grab yourself a bargain whilst also freeing up some household income to keep you going.
Cars are cheap and dealers are motivated to sell. Grab a bargain while you can – whether it’s a trade in, upgrade, or first purchase.
Drive Now, Pay Later
Since the beginning, eMotor has been online. We were social distancing long before it became a thing!
In partnership with Money Bro, our flagship Drive & Pay program has helped thousands of Australians into vehicles – fulfilling our mission of making it easier for everyone to own a vehicle.
Drive & Pay makes it easier for everyone to get a vehicle with affordable weekly repayments, no up-front costs, and 100% online process from application to delivery and everything in between.
Did you know that 90% of our Drive & Pay customers buy their vehicle sight unseen? And 60% of our customers are interstate and have their vehicle shipped to them.
With Drive & Pay you:
- Apply online
- Choose a vehicle from our network of more than 5,000 with the help of a dedicated car finder
- Sign everything online
- Get the car shipped to you
- Get a car with safety inspection, roadside assistance, warranty, and basic service completed.
Drive & Pay
Get a car delivered to you for easy weekly repayments and no up-front costs without ever leaving the couch.
Take advantage of the instant tax write-off
The instant tax write-off threshold has been lifted from $30,000 to $150,000 until the end of the financial year. This means that businesses and ABN-holders can purchase assets up to $150,000 and write off the tax this financial year.
Quite simply, the tax write-off scheme reduces the amount of business-related tax you have to pay, which can contribute to increased cash flow. And we all know that cash is king!
So, if you’ve been looking for that new work car, then now is a good time to start seriously considering your options. Of course, it does mean that you have to fork out for the initial outlay, which is where we can help. Through Drive & Pay, we can help you find the perfect vehicle at an affordable weekly price (rather than paying for the whole vehicle up-front).
Enquire now through Drive & Pay to see how we can help you take advantage! Through our network we have access to more than 5,000 cars at any one time.
Get some tax back
Get an asset and save on tax.
Interested in Drive & Pay? Find out if you’re eligible by filling in the form – our team will be in touch to discuss some options to get your assets working for you.