fbpx

1800 752 286

CLIENT LOGIN

Can I finance an asset more than 5 years old?

  • Posted by simon-perrin
  • On May 25, 2020
The Instant Asset Write Off can be used for both new and second-hand assets. AddCash will provide funding for assets more than 5 years old subject to valuation and ownership verification.
Read More
 

Can I finance multiple Asset purchases?

  • Posted by simon-perrin
  • On May 25, 2020
Yes the Instant Asset Write Off for eligible businesses is available for each eligible asset that costs less than the $150,000 threshold. AddCash will finance multiple asset purchases provided you satisfy all other criteria.
Read More
 

What upfront costs and Government charges will AddCash finance?

  • Posted by simon-perrin
  • On May 25, 2020
Government and other associated costs and charges required to install or make the asset ready for use will be funded by AddCash. These include GST, Dealer Deliver, Stamp Duty, Registration, Insurance and any other options, improvements or accessories either factory or dealer fitted.
Read More
 

Do I have to repay my GST credit?

  • Posted by simon-perrin
  • On May 25, 2020
AddCash will provide sufficient finance to cover any GST included in the asset purchase. On your next BAS you can claim the GST and retain the benefit of any offset or credit. The GST component is included as part of the ongoing finance package repaid over the term up to 5 years.
Read More
 

How long does this offer last?

  • Posted by simon-perrin
  • On May 25, 2020
The higher $150,000 threshold for the Instant Asset Write Off is only available until 31 December 2020 so you need to be quick.  To be eligible assets must be used or ready to use prior to 31 December 2020.
Read More
 

What changes have been proposed in the Federal Budget?

  • Posted by Fit for Market
  • On May 25, 2020
The changes proposed look to expand the availability of tax incentives to larger businesses, over a longer period of time with consideration to making the Instant Asset Write-Off available for new Asset Purchases of $150,000 or more by removing the threshold. The details need to be agreed and pass through Parliament but in essence, huge […]
Read More
 

Will AddCash guarantee ATO eligibility of my business and assets being purchased?

  • Posted by simon-perrin
  • On May 25, 2020
The ATO rules and associated legislation are complicated and change regularly. AddCash does not know all the circumstances unique to every business. You should seek independent expert advice from your Accountant who can confirm the eligibility of your business and the assets you acquire for the Instant Asset Write Off or Accelerated Rate of Depreciation. […]
Read More
 

Why do I need Customer Invoice Finance?

  • Posted by simon-perrin
  • On May 25, 2020
This allows AddCash to offer features not otherwise available for Asset Finance. These include financing the asset purchase plus associated government charges and costs, allowing you to retain any GST credit and provide finance regardless of your deferred payments.
Read More
 

Are there any break charges to pay out early within the first 12 months

  • Posted by simon-perrin
  • On May 25, 2020
You can pay out AddCash at any time. If this is within the first 12 months you will be required to pay the balance of finance charges that would have been otherwise payable if you had retained the facility for 12 months. This is the minimum length of time for AddCash to make the product […]
Read More