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EXTENDED WRITE-OFF STIMULUS

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

 

This has been extended from 12 March 2020 until 31 December 2020, for new or second‑hand assets first used or installed ready for use in this timeframe.

 

Additionally, the first 3 repayments are on us^ with Volkswagen Choice on selected models! 

 

For more information on this, please consult your Financial Advisor and visit business.gov.au.

 

^ For approved applicants of Volkswagen Financial Services (VFS) ABN 20 097 071 460, Australian Credit Licence 389344. Volkswagen Australia will pay Volkswagen Financial Services upon final loan settlement an amount equal to 3 months of finance repayments. For accounts paid in arrears, customer will be required to maintain monthly repayments from the 4th month of their loan contract. For accounts paid in advance, customer will make first payment upon settlement and repayment holiday will apply to second, third, and fourth months of their loan contract. Excludes other offers. While stock lasts. Fees, charges, T&C’s apply. VFS reserves the right to extend, withdraw or change all offers at any time. Comparison rate based on 5 year secured consumer fixed rate $30,000 loan. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. VFS reserves the right to extend, withdraw or change all offers at any time.