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Instant Asset Write-Off Threshold Increase to $150k

 

NOW EXTENDED UNTIL 31ST DECEMBER 2020

 

The instant asset write-off threshold has been increased from $30,000 to $150,000 and expanded access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million).

 

This applies from 12 March 2020 until 31 December 2020, for new or second‑hand assets first used or installed ready for use in this time frame.

 

For more information on this, download our Factsheet, or consult your Financial Advisor and visit business.gov.au.

 

DRIVE AWAY & DON'T PAY FOR 3 MONTHS*

 

ARE YOU A COMMERCIAL ABN HOLDER?

 

Driveaway and don’t pay for 3 months* for ABN holders who finance their Toyota by 30 September. Interest and fees accrue from the day contract is entered. Max finance term of 72 months. ABN must be held for over 12 months.

 

* 3 month repayment holiday is available to approved fixed rate business car loan applicants of Toyota Finance for the financing of a new or demo Toyota vehicle. Finance applications must be received by 30/09/2020 and settled by 16/10/2020. Maximum amount financed $150,000 per contract. First repayment will be due 4 months after the amount financed is settled. Interest and fees accrue from the date the amount financed is settled and applies on the entire loan period. Maximum finance term of 72 months applies with a deferred holiday period at the start. Normal lending criteria applies. Offer applicable for maximum 2 deferred contracts per customer. The terms and conditions of your business loan will continue to apply. Terms, conditions, fees and charges apply. Offer ends 30/09/2020. Toyota Finance is a division of Toyota Finance Australia Limited ABN 48 002 435, AFSL and Australian Credit Licence 392536.