Financing needs

Driving your finances

Look to HIA Vehicles for assistance in all of your vehicle financing needs.

Regardless of the size of your business, you need to have your finances in order. Work with specialists who can help make financing straightforward.

HIA Vehicles has teamed up with Macquarie Leasing to help your business when it comes to asset and vehicle financing.

When you’re considering new finance, there are a few crucial questions you should ask yourself in order to select the right product that could save you time and money in the long run.

Why do you need to purchase a new asset?

Do you need a new piece of equipment to run your business efficiently or are you just trying to keep up with the latest trends? A new asset can help generate more income, improve efficiency and help grow your business. Knowing how it will benefit you in the long term will help you decide whether any additional outgoing cost or investment is appropriate.

How long will the asset be used for?

While the longevity of any new asset will partly be determined by the industry you’re in, you should consider how long you expect the new asset to last and remain productive. This may help you to determine the term of your finance.

For example, constant developments in technology mean that computers, tablets and smartphones generally depreciate quickly. Therefore you could consider financing over a relatively short term. Comparatively, specialised machinery could last your business for more than a decade, allowing you to consider financing over a longer period of time.

Is the additional cost affordable?

Financing may be a convenient solution to ensure your business has what it needs to succeed, but you need to ask a serious question: can you afford the additional cost? That includes the regular repayments as well as other factors such as insurance and running costs. Calculate whether your business cash flow can accommodate the extra outlay.

New or used, business or personal, a vehicle finance specialist can create a finance package to suit you.

Visit www.hiavehicles.com.au or call 1300 650 776.

Asset finance, sourcing and other services are provided by Macquarie Leasing Pty Ltd ABN 38 002 674 982 (Australian Credit Licence 394925) (Macquarie Leasing). HIA Vehicles is a registered trading name and business name of Housing Industry Association Limited ACN 004 631 752, and Macquarie Leasing is licensed to use such name and other trademarks. All applications are subject to the satisfaction of Macquarie Leasing’s approval criteria. The information is not an expression of opinion or recommendation and does not constitute financial, accounting, taxation, general or personal advice and should not be relied upon as such. Terms, fees and conditions apply.

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