Category: Blog

There are two reasons why it's a great time of year to upgrade your company vehicle, your business machinery or equipment. 1. You can save money buying at the End of Financial Year sales. 2. You can potentially maximise your tax deductions for this Financial Year, which could also help to make your purchase more affordable. Let us help you organise finance that fits. We can access a wide range of specialist small business, machinery, plant and equipment lenders - and that means we can tailor a competitive finance solution to fit your business needs. That could be secured finance, unsecured finance, or a wide range of other finance options. We can work with your accountant to help you decide what sort of finance works best for your business needs and allows you to maximise your tax deductions. You could...

Are you a small business owner? EOFY is approaching!! Time is running out! Does your business need new equipment? Perhaps a new work vehicle? New machinery? or updated computers & printers? The Government announced in the 2017 Federal Budget an extension of the instant write-off for assets purchased costing less than $20,000 for small businesses. This deduction can be used for each asset that costs less than $20,000, whether new or second-hand. You can claim the deduction through your tax return, in the year the asset was first used or installed ready for use. If there is insufficient cash in your business to purchase the item you may be able to apply for finance. At Wyze Finance we have access to multiple lenders that provide suitable loan products to small businesses. If you require finance to purchase an asset for your small...

I am sure you’ve heard of low rate car financing from car dealerships. Sometimes they offer crazy rates as low as 0% p.a. Have you ever wondered how they do it? If a deal sounds too good to be true, it probably is. The truth is that using dealership finance can take away your ability to negotiate on price. The discounts and rebates that car manufacturers regularly offer, can just disappear! You also need to look at the total cost of the finance over the loan term!  What is the monthly loan repayment?  Are there fees added each month?  Is there a lump sum residual amount payable at the end of the loan term? What are the fees if you repay the loan early?  It’s not just the interest rate that needs to be considered. As your finance broker, we’re here...