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Are Business Loans Tax Deductible In Australia?

Business Loan

For business owners, tax time can be rather hectic. Your main goal during this time should be to determine all tax deductibles to lessen your payment obligations. In this regard, one of the most common questions that new business owners ask is about business loans.

Are business loans tax deductible in Australia?

The answer to the question is partly ‘Yes’. Why? It’s because a business loan repayment as a whole is not tax deductible, only the interest payment is.

Tax Deductions for Interest Payments on Business Loans

In addition to depreciation costs, motor vehicle purchases, stock losses and bad debts, businesses can also claim tax deductions for all interest payments. This includes interest paid on employer superannuation contributions, purchase of income-generating assets, and business loans or other financial products. Specifically, here are the primary business loan interest expenses that you can deduct from your tax bill:

  • Interest accrued on business loans but are not paid by June 30.
  • Interest accrued by business owners from personal loans and personal credit card usage to fund their businesses. Tax deductions can be claimed in personal income tax filing.

Make sure that you maintain a good record of all interest payments made by your company on business loans. This will serve as proof when claiming tax deductions at the end of each fiscal year. Failure to produce such record will lead to rejection of your tax claims.

Different Sources of Debt Finance

Since we are on the topic of business loans, you should also take interest in the different sources of debt finance, where interest payments are tax deductible.

Debt finance is a type of business finance product where money is lent to the business by a lender. With debt finance, your business will be able to borrow money, but still has autonomy in business operations and profits. Sources of debt finance include the following:

  • Financial Institutions – banks, credit unions, and private lenders that offer loans, credit cards, and other finance products
  • Suppliers – some suppliers have a credit system that allows you to procure goods and pay at a later date
  • Retailers – stores that offer delayed payments for purchased goods

Factors to Consider Before Applying for Business Loans

Now you are aware that interest payments on business loans are eligible for tax deductions, you’ll be able to minimise your tax bill for this fiscal year. However, tax benefits aren’t reason enough for businesses to jump into a loan. Below are the things that you need to consider before applying for a business loan:

  • Purpose of the loan
  • The loan amount
  • Your business’ capability to make repayments
  • The interest rate
  • Loan fees and charges

Aside from these factors, you should also consult with loan experts to find out the best commercial loan product that will suit your business needs. Outright finance may not be the best option for you; a consultant will also talk you through commercial leases, hire purchase and chattel mortgage as potential options for you. Finance Ezi can help you with that. Call us or send us an email and one of our finance professionals will explain to you the difference between these options and what is best suited to your needs.

Vehicle Review: Mazda CX-5 Maxx Sport Diesel

Mazda CX-5 Diesel MAXX

The burgeoning popularity of medium SUVs in Australia has made the competition in the segment tougher than ever.

With the rivalry intensifying with each new car release, manufacturers find it difficult to sit back. Not even when you’re Mazda and you produced the best-selling CX-5 not too long ago. Just a year and a half after the release of the second-generation CX-5, Mazda releases an upgraded version into the wild.

There aren’t any huge changes, mind you. But whatever minor tweaks they made are enough to keep Mazda CX-5 Maxx Sport Diesel on top of the competition.

Performance

Let’s talk performance. The new CX-5’s 2.2-litre twin-turbo four-cylinder diesel engine produces more power and torque; 140kW/450Nm compared to the previous version’s 129kW/420Nm. Considering that there is a $400 price drop with the new release, this performance upgrade will be a sure hit among SUV lovers. The upgraded CX-5 Maxx Sport is available in an All-Wheel Drive (AWD) powertrain system, with a 6-speed SKYACTIV-Drive automatic transmission.

The increased power and torque of the CX-5 Maxx Sport is perceptible from the very first time you drive it: the ride feels smooth and free. The gear shifts are seamless and run significantly quieter, all thanks to the Diesel Engine Natural Sound Frequency Smoother and Control Technology. Tight turns and cornering don’t present any problems at all because of the SKYACTIV-Drive technology. Mazda’s proprietary technology places the torque on the correct wheels and adjusts automatically to maintain the grip on the road. Throw in well-balanced steering and effortless handling, this medium SUV will suit both beginners and seasoned drivers nicely.

Interior

The cabin of CX-5 Maxx Sport is decent at best. The new KODO design, which divides CX-5 into two zones, is surprisingly pleasing and leaves plenty of room even at the back row. The soft cloth seat trim, reclining seats, rear air vents, two ISOFIX, and three top tether points for child seats will make everyone comfortable even in longer rides. At the front end, dials and buttons are positioned ergonomically for the utmost convenience of the driver. There’s a centre console where you can easily access the leather gearshift knob, Sports Mode button, 12V power outlet (another one at the cargo area) cupholders, and the rotary dial to control the touchscreen for infotainment.

Also Read: 7 Reasons to Buy an SUV Car

The redesigned instrument contains the Dual-Zone Climate Control, Ambient Temperature Display, Tachometer, and Electronic Odometer, Trip Computer, Cruise Control, and Instrument Panel Light Dimmer –all placed within your easy reach. The cabin also features map reading spot lamps and critical function warning lights.

Exterior

Mazda CX 5 boot space

From the outside, the Mazda CX-5 looks just as elegant as its predecessor with 17-inch alloy wheels, rear spoilers, and rain-sensing front wipers.

Lightings are all LED including the fog lights, tail lamps, and headlamps (that come with an auto on/off function). Its overall dimension plus the ground clearance are right in the middle of its two leading competitors — slightly smaller than Volkswagen Tiguan but a little bigger than Peugeot 3008. The Mazda CX-5 Maxx Sport also has exhaust chrome extensions, auto-fold exterior mirrors, and roof rack mounting points.

Infotainment

A 7.0-inch screen with the MZD Connect Interface leads the infotainment system for CX-5 Maxx Sport, which you can control via voice command, touch screen, or on the Multi-Media Commander at the centre console. Through Bluetooth connectivity, the infotainment system can play your phone’s mp3 music files and you can really start a party in there with the 6-speaker audio system.

Still bearing your safety in mind, Mazda made sure that all sound system controls are smartly mounted on the steering wheel for easier access. There’s also the USB-audio input port and DAB+ radio as your music alternatives. And just like any smartphone app, MZD Connect can be updated so that you always have access to the latest tools and features to help you on the road.

Navigation & Driver Assist

MZD Connect System also has adequate navigational and driver-assist technologies, as all modern vehicles should. The Dynamic Stability Control, Traction Control System, Hill Launch Assist, and Manual Speed Limiter are fitted to help you manage the vehicle in all types of roads in Australia. Parking is also easier with Mazda CX-5 because it comes equipped with a reverse camera, parking sensors, Electric Parking Brake and a wide-angle exterior mirror to help you back-down safely. And a navigation satellite is also installed for easier searching of destination routes.

Safety & Security

The safety and security technologies of the Mazda CX-5 Maxx Sport are simply impressive. Packed with the latest features in the automotive industry today, this medium SUV has been awarded a five-star rating by the Australasian New Car Assessment Program (ANCAP) which is a huge deal.

Other safety features in place include the Emergency Brake Assist and Smart City Brake Support which will actively help your car avoid head-on collisions, the Blind-Spot Monitoring and Rear Cross Traffic Alert technologies that would warn you early for any unseen vehicles approaching, and in the case of collisions, SRS Airbags are present to help save all passengers aboard. The SUV is also equipped with passive safety features like the Anti-Lock Braking System and Anti-Intrusion Brake Pedal.

And when you’re not on the go, the CX-5 SUV beefed up security features will keep the car on lock: Auto Door Lock, Engine Immobiliser, Remote Central Locking, and Keyless Engine Start should keep your vehicle secured wherever you park it.

Our Verdict

The price-cut for Mazda CX-5 Maxx Sport is a welcome news to all, but it doesn’t come without any drawbacks. You will notice some premium features missing from the upgraded version of this medium SUV. Take the leather trim as the first example, which was replaced by cloth seat upholstery.

It also lacks the Apple CarPlay and Android Auto features which are standard in almost all new vehicles these days. Mazda’s new Head-Up Display, which shows real-time speed and navigation information, is also curiously missing. And, the CX-5 Maxx Sport doesn’t have other basic driver-assist technologies like Active Cruise Control, Lane-departure Warning, and Lane-keeping Assist either. These missing features are only available with Akera, the more costly CX-5 model.

Nevertheless, the upgrades in performance and affordability are enough to keep Mazda CX-5 Maxx Sport stay on top of the medium SUV segment. It looks elegant, has outstanding safety capabilities, and overall, offers a great value to consumers. Despite the missing features, the CX-5 Maxx Sport still comes highly recommended.

Need Car Finance?

If you are thinking that an SUV is a right car for you, but a financial concern is holding you back then let Finance Ezi help you.

Our team of experienced brokers will help find the right car loan for you, through our connections with different international and local financial sources.

Call us on 1300 003 003 or make an enquiry online to get a pre-approval on your next SUV.

Why You Need A Jet Ski For Summer

10 reasons you should have a jetski

Owning a jet ski is a dream. All that freedom in the water, fun weekends with your friends, we could go on and on!

But in case you’re still having second thoughts about whether a jet ski will make a good investment, we’ve made this list of benefits will help you arrive at a decision.

10 Reasons Jet Skis Are Awesome

1. Perfect for solo or couple adventures

Being in the water with all of your friends is fun but there’s also a certain thrill that comes with riding off solo or intimately with just with your partner. Whether you own a Jet Ski, Waverunner or a Bombardier, it’s perfect for a quick getaway on the waters.

2. Cheaper water vessel

Who isn’t hooked yet with any water activity for recreation? Australia is surrounded by vast seas and ocean. We also have massive inland water bodies. That’s why boating, fishing, and towed sports are very popular amongst Aussies. If you are looking for a cheaper vessel to get on the water, then a jet ski your best choice. The cheapest new jet ski costs less than $5,500.

3. More convenient to use than boats

One of the benefits of owning a jet ski is it’s easier to handle and maneuver. It’s smaller and lighter, which make it more manageable to control compared to boats. Jet skis also require smaller trailers. This means you don’t need an SUV to tow it, a typical sedan will do.

4. Feel the adrenaline rush

Some people love the rush of adrenaline when riding motorcycles. The sense of excitement when speeding down the road is liberating. You can get the same thing with jet skis, and more. They are the motorbikes of the sea, but instead of being grounded, you’ll feel like flying while riding through the waves and the wind brushing against your face.

5. Save money on fuel

Jet skis have better fuel economy than most boats. It’s one of the many benefits of owning a jet ski that you won’t see right away, but you’ll be glad having it in the long run. Since they are lighter and smaller, it takes less fuel to propel them forward. It’s also far easier to tow. You can save fuel money on land and water. With jet skis, you can get greater mileage and go further on your trip.

6. Good fishing companion

Who says you need a proper boat to go fishing off-shore? With a jet ski, you can do that, no problem. In fact, jet ski fishing is one of the most popular segments in Australia’s fishing industry today. Most jet skis nowadays are built for fishing and come in with accessories like bait storage, coolers, and rod holders. Some jet skis offer extra seating to give you more room for casting.

7. Fits easily in your garage

If you’re planning on buying a personal watercraft, you must also think about where you’ll store it. One of the many benefits of owning a jet ski is its size. It doesn’t need much room to fit in a typical garage unlike most boats, which are usually parked in spacious marinas. You can easily store a jet ski without worrying about extra space at your home or somewhere else.

8. Good source of fun and entertainment.

When you own a jet ski, ‘boredom’ is a non-existing word. Jet skiing is a very fun activity that you can enjoy with friends and family members. You can even meet fellow jet ski owners and plan a trip or two. Whether you want to explore different places, catch some yellowtails or breams, or just chill out in the ocean; jet skis are a good option to keep you entertained.

9. Contributes to good health

The benefits of owning a jet ski are not limited to its capabilities on the water. They also extend to your personal health. Jet skiing helps you burn calories. The effort that it’ll take to maneuver and balance the jet ski will also strengthen the muscles in your core, arms, and feet. More importantly, the fun and excitement of riding will help release stress.

10. Brakes for extra safety

Another similarity between jet skis and motorcycles is the safety brake. PWCs, boats, and other water vessels slow down on their own once you release the throttle. The force of the water against the bow and hull will make the vessel stop eventually. However, crashes still happen and safety brakes will come in handy at these times. Sea-Doo calls their on-water braking system the Intelligent Brake and Reverse (IBR). With this new technology, you’ll have peace of mind while out in the waters.

These benefits of owning a jet ski are the reasons why we encourage you to buy one, especially when getting marine finance is so much easier with Finance Ezi.

We offer flexible jet ski financing options with low-interest rates to help you purchase a PWC according to your means.

Call us on 1300 003 003 or apply online to find out more information.

Are Classic Cars A Good Investment?

Classic Car meetup

Classic cars are a beauty – a true symbol of a more elegant era that’s never to return.

Despite their historical status, many people still can’t quite understand how classic cars can be good investments. After all, a vehicle is a physical asset that depreciates by a quarter of its value per year. Also, the advancement in automotive technology today renders these cars impractical to use or even maintain.

Is It Wise To Invest In A Classic Car?

The answer is still “Yes!”, and here are the reasons why.

Historical Evidence

A classic car is one of the best-performing assets in the last two decades. It’s no longer just a fancy collectible for display in a random millionaire’s garage. Instead, it has become part of the long-term strategies of many investors around the word and many pieces of evidence exist to prove this.

One example is the Ferrari 250 GTO owned once by Sir Stirling Moss. In 2002, it was sold for $8.5 million. After 10 years, it was sold for $35 million, which is more than four times the previous value. Two years later, another 250 GTO was sold for a record of $38 million. And in 2016, Simon Kidston (K500 founder) sold a Ferrari 250 GTO for an undisclosed amount. It is rumoured to be more than $60 million.

Another classic car that sold well is the Ferrari F50. One of which with 10,000-kilometre mileage was sold by RM Auctions for $783,044 in 2013. By 2017, another Ferrari F50 (2,000 km mileage) was sold by the same company for $3.18 million. The classic car market has been historically liquid, with low spreads and volatility. Any change in supply and demand has a very small effect on the prices.

The Classic Cars Market

Classic Cars are good investments because its market is currently experiencing high activity. Inflation has greatly affected all cash investments, so investors are diverting to alternative assets like wine, art, and classic cars to protect their assets. The demand for high-yielding investments is sky-rocketing and alternative assets such as classic cars are the best bet of many investors.

The Trend Says So

Investing these days is simply not the same as before. The trend is going towards more profitable alternative assets, just like classic cars. According to an article by Financial Times last year, the worldwide shift of investments to alternative assets has been gathering pace. Many investors are already including alternatives to their investment portfolios due to the disappointing returns from mainstream asset classes.

The same article says that in 2016, the overall assets handled by the top 100 alternative investment managers have risen to more than $4 trillion. This is 10% higher than the overall asset value in 2015. Blackstone, the largest alternative assets manager in the world, has alone experienced an 8.3% increase in alternative assets in 2016. That increase amounted to $302 billion.

Economic Cycles

The classic car market works just like any other capital market, which means its activities, run in economic cycles of 4-6 years. An economic cycle is the natural rising and falling of an economy between the periods of growth and recession. The last cycle for classic cars started in 2010 and reached its peak in 2015.

The market has been relatively soft again last year, which means 2017 is the start of another cycle. You can trust that the market will again peak in three to four years. That’s why classic cars are good investments right now because you can also expect a good return in the succeeding years.

Which Classic Cars are good investments in 2018?

Classic cars from the 80s and 90s are really thriving at the moment. When looking for a classic to invest with, always go for rare finds. The rule of thumb is the lower the production number, the better investment potential. That’s why the Ferrari 250 GTO is such a hit — only 39 units of this classic is out there somewhere.

Here are other classic cars worth your investment in 2018:


Honda Integra Type R

Honda Integra Type-R Classic car

Known as the best front-wheel-drive car of all time, the Honda Integra Type R was first sold in 1995. It also has the finest handling among FWDs and considered a modern classic. This sports coupe was praised by many critics around the world. A recent auction sold an original 1995 Integra Type R for $90,000. You can start investing with 2000 models, which are currently priced at $13,000.


Renault Sport Megane R26

Renault Sport Megane R26 classic car

This is one of the most desired classic hot hatches today. First produced in 2006, the R26 model of Renault Sport Megane has already considered a collectible due to its story. It was built to commemorate the success of Renault in the 2005 Formula-1 World Championship. Right now, it’s selling at $14,000.


Lexus IS200

Lexus IS200 classic car

This sedan is the European equivalent model of the award-winning Lexus IS in 1998. It rivalled the BMW 3 series sedans not just in performance, but also in style and aesthetics. 1999 models are currently selling in Australia at less than $5,000.


Porsche 944

Porshe 944 Classic car

The 944 is a 1980s classic sports car from Porsche. Available in both manual and automatic transmission, the former is already selling from $30,000 to as high $90,000. Porsche 944 Automatic is priced below $20,000, but the manual transmission variant will most likely sell for a higher price in the future. This front-engine, rear-wheel drive model is the best-selling sports car in the history of Porsche.


BMW 3 E46

BMW 3 e46 Classic car

Another 90s classic, the BMW 3 Series E46 is produced in sedan, coupe, convertible, wagon, and hatchback trims. It is the first among 3 Series cars to have an engine with variable valve lift engine. 2002 and 2003 automatic are currently selling in Australia starting at $24,000, while manual variants sell at $41,000.

 

Invest in Classic Cars through Finance Ezi

Just like any other investment, bear in mind that classic cars also have attributed risks that you have to take. These include the risks of damage, theft, and fire. You can lessen the chances of losing your asset by having the car insured. Aside from this, you will need to store it properly and maintain the mechanical parts. You can also hire experts to take care of it.

Nevertheless, classic cars are clearly worth your investment. Buying a 90s classic car today is likely to yield a high selling price for you in the future. If you want to start investing in classic cars now, there’s no better place to get your classic car finance but Finance Ezi.

Call us on 1300 003 003 or apply online and chat with our finance professionals to get a conditional approval for your classic car.

Top 5 Car Gadgets 2018

Portable car charging gadget

Our cars have become an extension of our homes. We spruce them up not only to make them look nicer but also to make our ride more comfortable and safe.

The Gadgets

This year’s top car gadgets are more than just fancy toys that will gather dust after you tire of them — these babies are true lifesavers that will earn a well-deserved spot your car.

1. Portable 11000MAH Car Jump Starter

Portable 11000mAh Car Jump StarterJumper cables are great in case you have to lend a helping hand. However, if you have engine problems somewhere isolated with almost a zero chance of another car passing by, then this portable self-powered jump starter from Bestek is what you need. For starters, this essential car gadget can jumpstart your car 15 times with the peak current of 500 amps. Engine trouble in the dark? It comes with a built-in flashlight. A flat tire? When fully charged, it can power the air compressor that will be enough to pump all four tires. Dead phone? Use it as a power bank for smartphones, tablets, laptops, and GPS because it delivers a fast charging speed that’s up to 2.1 amp. And it can also be used as an escape hammer.

2. Stinger USB emergency tool

Ztylus Stinger USB Emergency ToolSmall as it may be, the stinger USB emergency tool from Ztylus can save you from a seatbelt or window jam — it can break a car glass window using a spring-loaded glass breaker with minimal effort and cut the seatbelt with its slim blade at the back.

The Stinger is small enough not to be intrusive even when it’s plugged into the car’s cigarette lighter at all times. Plus it has two USB ports you can use for fast charging.

3. Tile-Mate

Tile App Find Your KeysTile-Mate has made it possible to call your car keys when you couldn’t find them. Yes, call them. Tile-Mate is actually small Bluetooth tiles that you can attach to your car keys, remote control, and other things that you often misplace. By downloading their app, you can ring these tiles, and it will play a sound to help you locate it. A great bonus is that, if you lose your phone in your house but have your keys or other items with the Tile Mate with you, all you have to do is press the button in the centre and it will make your phone ring even if it is on silent mode.

4. Hudway Cast

Hudway CastWhile technology has made it safer for us to drive, it has simultaneously provided us with countless distractions. The creators of the HUDWAY Cast saw that it is dangerous for drivers to take their eyes off the road when they’re using the car’s navigation. As a solution, they created a portable clear display glass that can be attached to the dashboard and can be connected to phones that support Miracast, or Airplay to display whatever is on your phone’s screen. You can use apps like Waze, Google Maps, Sygic, and Baidu along with the one from HUDWAY at the same time.

5. Magnetic Vent Car Mount

Cygnet Magentic Vent CarmountGood things come in small packages, and the same could be said about the Cygnett MagMount Plus Vent. These little devices have adhesives that can stick to the vent, dashboard, and windshield. The mount has a magnet used in combination with a metal plate you put inside your phone case. It should be flat and not thicker than 1.8mm for it to work. Once it’s attached, you can adjust it the way you want to because it rotates 360 degrees. It has a metal finish that’s suitable for all car designs and a strong magnet that won’t make the phone fall off in bumpy rides.

Best Hot Hatches Due 2018 & 2019

Hot Hatches of 2018/2019

In an automotive market dominated by SUVs like Australia, you would think that the popularity of hatches will take a huge step back.

Well, not really. Among the 10 most popular cars in 2017, three of them were hatchback cars namely; Toyota Corolla, Mazda 3, and Hyundai i30.

Hatchback cars are still the best choice for convenience and handiness when moving around on four wheels. Aside from the three hatchback models mentioned above, there are more that have just been released or are poised to hit the market very soon.

Below are the seven best hot hatchback cars due 2018 and 2019 in no particular order.

Honda Civic Type R

Honda Civic Type R Hot Hatch

First on the list is a critically acclaimed hatch, which has been awarded as the 2018 MOTOR’s Performance Car of the Year last January and the new World Record holder for fastest front-wheel drive car. The current 2018 Honda Civic Type R, released in Australia last September 2017, is powered by a 2.0 VTEC Turbo engine that produces 228kW power and 400Nm torque. This hot hatch drives in front-wheels on a 6-speed manual transmission.

The Type R has three different drive modes: Sport, Comfort, and +R mode. When activated, each one retunes the throttle, suspension, steering settings automatically for maximum road performance. With its racing capabilities, Honda markets Civic Type R as the ultimate hot hatch.

Its outrageous performance is complemented by a bold look, 20-inch alloy wheels, and a dual-axis front suspension system. There’s no wonder why Civic Type R is also the 2017 Drive Car of the Year: Best Performance Car Under $60,000 by Drive.com.au. Although we have yet to hear an official announcement from Honda, it’s likely that we’ll see a 2020 version of Honda Civic Type R that will be released in 2019.

Hyundai i30 N

Hyundai i30 N Hot Hatch
The 2018 Hyundai i30N has only been released in the country last April but it’s already been a massive hit. In fact, the demand for i30N has exceeded the initial 500 units allocated for this year. And though Hyundai will be adding 250 more units in an attempt to fill the demand, they remain on a 4-month backlog.

This hatchback by the South Korean brand is the first offering of its new N Range. Equipped with a 2.0 Turbocharged four-cylinder petrol engine with a power of 202kW and torque of 353Nm, it is Hyundai’s first high-performance vehicle that is ready to race with the likes of Subaru WRX and Ford Focus RD.

The i30N has five drive modes including the N-mode on the Sports and Sport+ trims. It’s interior features heavily bolstered sports front seats, 8” multimedia touchscreen, and the N-steering wheel. Although this hot hatch was born in Hyundai’s R&D Centre in South Korea, the i30 N is honed in the race track of Nürburgring to give you a high-quality performance for just a little over $40,000, a great value offering for the first hot hatch of Hyundai.

Holden Astra GSi

Holden Astra GSi Hot Hatch

Expected to be available at Australian local dealerships by the end of 2018, the Holden Astra GSi is hot hatch worth waiting for.

Powered by a 2.0-litre four-cylinder turbo engine, it will have 187kW and 400 Nm output. We expect it stay with a front-wheel-drive suspension system and available in either 6-speed manual or 6-speed automatic transmissions, just like its predecessor 2017 Holden Astra.

Just last year, a prototype of Holden Astra GSi under development was seen while being tested. The prototype seemed to be wearing new front and rear bumpers, as well as a sportier but not too aggressive new look. It’s also wearing metal wheels with red brake callipers, which could just be for the testing stage.

In terms of performance, we can also expect the best racing capabilities, as the 2018 Holden Astra GSi was spotted in doing test drives in Nürburgring last year.

Volkswagen Polo GTI

Volkswagon Polo GTi Hot Hatch

Arriving at the Australian market this month is the 2018 Volkswagen Polo GTI. It is bigger and better than ever in terms of size, specifications, and features.

This sixth-generation Polo is now more than 83 mm longer and 69 mm wider compared to the old model, which will leave a bigger footprint on the road.

It has new front suspension knuckles, thicker rear torsion beam, and optional Sport Select dampers that can switch to different rebound and compression settings.

The 2018 Volkswagen Polo GTI has upgraded to a 2.0 turbo petrol engine that is capable of max 147 kW and 320 nM output. The GTI engine has been known for quality high performance, that’s why we can expect the same capability with this hot hatch. It’s also available on a six-speed dual-clutch automatic transmission. With fancy 18-inch rubbers, smooth handling, and advanced driver-assist technologies, Polo GTI is a must-have hot hatch.

2018 Ford Focus ST

2018 Ford Focus Hot Hatch

For the fourth-generation Focus, Ford has decided to end (for now?) the RS trim. But don’t think the brand is giving up the hatchback segment, because the Focus ST is still here and it’s more than ready to pick up the slack.

2.0-litre turbocharged diesel engine with 184kW power and 360 nM torque, six-speed manual gearbox, front-wheel drive, 62-litre fuel tank, Recaro® leather seats, and 18-inch alloy tyres.

The Ford hot hatch has that powerful sporty appearance and high fuel-economy that many car buyers will love on top of its affordable price. Aside from these, the 2018 ST boasts awesome steering that promotes fluidity even in tight corners. If you are looking for a combination of power and efficiency in your next hot hatchback car, wait until the 2018 Ford Focus arrives in Australia late this year.

Toyota Corolla GR

Toyota Carolla SR Hot Hatch

It was September of last year when Toyota announced the “GR” range of sports cars. Since then the brand has released the Yaris GRMN (Gazoo Racing Masters of Nürburgring), as well as the Auris GR in Europe and its North America counterpart, the 2019 Toyota Corolla Hatchback.

This new Toyota hot hatch is expected to hit the Australian market next year and we couldn’t be more thrilled to see another great addition to the hatchback segment.

There are no official details yet about the new Toyota Corolla GR but we can expect it to be at more powerful than Yaris GR, which produces 156 kW and 250nM output.

Mazda 3 SP25 SkyActiv X

Mazda 3 SP25 SkyActi X Hot Hatch

Here is another hot hatch due on 2019 that we can’t wait for. The upcoming Mazda 3 will be the first recipient of the SKYACTIV-X engine, which features a Homogeneous Charge Compression Ignition (HCCI) technology and Spark Controlled Compression Ignition (SCCI) technology. The SKYACTIV-X is a revolutionary engine that aims to produce up to 30% fuel efficiency.

The new Mazda 3 hot hatch is expected to have around 140 kW and 290 nM output. Early reviews of its prototype running around in Frankfurt, Germany are very positive. It’s said to have an improved ride and noise, vibration, and harshness (NVH) engineering. Looking at the popularity of Mazda 3’s appearance, we can also expect the 2019 version to be as slick and sporty, or maybe even better.

Need Finance?

The future of the hatchback looks even brighter with these best hot hatches due 2018 and 2019. If you want to get a pre-approved car loan for your next hatchback, call us on 1300 003 003 or apply online and one of our experienced business managers will help you.

Best Off-Road 4×4 Vehicles Arriving 2018

Best Off-Road 4x4 Vehicles Arriving 2018

Toyota Hilux, Ford Ranger, and Mitsubishi Triton; what do they have in common? They are three of the top 10 best-selling cars in Australia for 2017. They also happen to be some of the most popular off-road 4×4 vehicles you can buy on the market. There’s no denying that the country’s automotive demand has now shifted from performance road cars to huge and tough off-roaders. If you want to join the trend and need a list of the best off-road 4×4 vehicles arriving this year, then we’ve got you covered.

 

  1. Ford Ranger Raptor

Ford Ranger Raptor 2018


First on our list is the 2018 Ford Ranger Raptor, a product of the trusted nameplate by many Aussies. Last year, the Ford Ranger model line sold 42,720 units and 36,932 of them were 4x4s. The new Ranger Raptor looks strong, massive, and has everything that you want in an off-road truck.

It’s equipped with a Twin turbo 2.0-litre four-cylinder bi-turbo diesel engine, calibrated with a 10-speed automatic transmission system, producing a 157kW and 500nM output. The 2018 Ranger Raptor also sports 33” all-terrain tyres that provide 283 mm of ground clearance and 850 mm of water wading, the best you can find in its segment.

The 2018 Ford Ranger Raptor has six pre-set drive modes to complete its full off-road capabilities. Choose from Normal, Sport, Grass/Gravel/Snow, Mud/Sand, Rock Crawl, or Baja Mode with just a dial turn. Whichever off-road trail you want to conquer, the new Ranger Raptor has the right drive mode for you. The price for the new Ford Ranger Raptor is expected to be at $74,990.

 

  1. Toyota Hi-Lux Rugged X




The Toyota Hi-Lux is 2017’s best-selling vehicle in Australia and the Japanese brand is showing no signs of slowing down. In fact, Toyota introduced three new vehicles to the model line last April; the Rogue, Rugged, and Rugged X.

The three new Hi-Lux models are based on SR5 and are strategically priced below their competitors, including the 2018 Ranger Raptor. These new vehicles are all developed and designed in Australia. The Rugged X, in particular, is built to overcome the toughest off-road conditions. It sports 17-inch alloy tyres enclosed by moulded wheel-arches, a heavy-duty steel side steps, and a tow bar that has 3500 kg braked towing capacity. It also has four-piece sports bar at the rear that can carry up to 75 kg of vertical mass or help tie down up to 200 kg load in the tray.

The 2018 Toyota Hi-Lux Rugged X is powered by a 2.8-litre turbo-diesel engine that is capable of 130kW/450nM output on a six-speed automatic transmission. It sells at $63,690 plus on-road costs.

 

  1. Jeep Wrangler

Jeep Wrangler JL 2018


When it comes to off-road driving, there’s no other 4×4 vehicle more well-known all over the world than Jeep Wrangler. It’s also one of the best off-road 4×4 vehicles you can find. That’s why for its 2018 model line-up, we can expect more awesome off-road capabilities.

In December, the 2018 Jeep JL Wrangler vehicles will arrive in Australia including the Sport, Sport S, Sahara, and Rubicon editions. All editions will be available in 2-door and 4-door variants, except for Wrangler Sahara (4-door only). All models will be equipped with either a 3.6 Pentastar V-6 Engine or a 2.2-litre turbo diesel engine, combined with an 8-speed automatic transmission system.

The new Jeep JL Wrangler models will also be offered with two types of four-wheel drive systems which are Command-Trac and Selec-Trac. A third system called Rock-Trac is only available for Wrangler Rubicon. Jeep hasn’t disclosed much information yet, but we can expect Sahara to top specs and Rubicon to be the most capable model, just like with the Wrangler JK series.

 

  1. Mercedes-Benz X-Class

2018 Mercedes Benz X-Class


The 2018 Mercedes-Benz X-Class series has already hit the showrooms last April and it’s based on the Nissan Navara. It included 13 variations of the X 220d 120kW/403nM and X 250d 140kW/450nM 4MATIC 4-cylinder 2.3-litre twin turbo diesel engines.

However, what’s actually making people excited about the X-Class series is yet to arrive this December and it will be named X 350d 4MATIC. It will be equipped with a 3.0-litre V-6 turbo-diesel engine with a 190kw/550Nm output capability, which is more powerful than the new Ford Ranger Raptor and most off-roaders on the market. The V-6 engine will be paired with Benz 7G-Tronic automatic transmission.
According to Mercedes-Benz Vans Australia, the X 350d will have 600mm water wading capability and 222mm ground clearance. It can climb grades of 45° max and can deal with 50° slopes safely. It will also be available in two trims; the X 350d Progressive and the X 350d Power. The pricing is expected to be at the $75,000 – $80,000 range.

 

  1. Holden Colorado SportsCat by HSV

Holden Colorado SportsCat 2018


Last, but definitely not the least is Australia’s very own Holden Colorado SportsCat dual-cab ute that has been released earlier this year. Produced by Holden Special Vehicles (HSV), the SportsCat’s design looks strong and bold. It has wider road presence and taller ride height compared to old Colorado vehicles, which is perfect for off-road adventures.

Consumers can choose between Colorado SportCat and SportCat+ trims, which are both powered by a 2.8-litre 4-cylinder Duramax Turbo Diesel engine with 147kW and 500nM output capability. The two trims are fitted with a standard 6-speed manual transmission, with an optional 6-speed automatic transmission. SportCat is the entry-level trim priced at $60,790, while the better-spec’d SportCat+ has a $66,790 price tag.

The Holden Colorado SportsCat+ has a rear de-coupling anti-roll bar and AP Racing Brakes. You also have an option to include the SupaShock suspension system for $3,600, and a stylish Sail Plane instead of the standard sportsbar for $1,300.

Finance A New 4×4

Whether you’re opting for one of these vehicles or the tried and tested older models, you can rely on Finance Ezi for fast and easy vehicle financing. Get pre-approved now by calling us on 1300 003 003 or applying online for more bargaining power against the dealers.

Top 3 Family Wagons In Australia 2018

kia carnival

Today buying a family wagon has become more than just about a vehicle’s capacity. Gone are the days of cramming the family into a van that fits everyone and speeding off to your holiday. Over the years, car manufacturers have done a pretty fantastic job adding safety features, creature comforts, and practical conveniences that make hauling your family from point A to B not only easy but even a pleasure!

2018 Kia Carnival SLi

2018 Kia Carnival SLi

Seats and storage

The Carnival takes the cake when it comes to ergonomics because it can fit six to eight people comfortably. Its front seats are heated and have leather upholstery. And here’s something every parent would love — cup holders — and lots of them! 10 cup holders in fact which make the kids’ snacking while on the road more manageable. The second-row seats can be separately folded and even slide at the back if you need to make more room. And by taking out the removable seat at the centre, you can walk through to the third row. For storage, the Kia Carnival SLi fits four suitcases, a backpack, and laptop bags. You can even fold the third-row seat into the floor to create more room for luggage.

Safety features

Australians were not let down by Kia with the SLi’s safety features. They even received a five-star ANCAP rating for it. There are four child restraint anchor points in the minivan. Two are in the second row and the other two are in the third row. All Carnival models have autonomous emergency braking (AEB), lane departure warning, and active cruise control as a standard. The minivan can carry approximately two tonnes so low-speed maneuvering will be a challenge. To solve that, it received a localised suspension upgrade so the ride and handling is smoother. Another improvement was the replacement of the old foot-operated unit with an electric park brake. Also included in the package are a rear-view camera with a clear image and a tailgate with a proximity function that opens whenever you come close to it with the key fob.

Also Read: Top 5 Must-Have Family Car Features

Entertainment

Nowadays, imagining a life without entertainment induces panic. Especially when you have a couple of kids you want to keep quiet at the back. Kia made sure that everyone is entertained and informed with its 8.0-inch touchscreen infotainment unit that has Apple CarPlay and Android Auto apps. Its navigation is packed with 10 years’ worth of map updates so you’ll always find your way. There are three USB ports in the minivan and two of which are in the front and one in the second row which means you’re going to have to be creative when using them. To ensure the perfect temperature inside, the Carnival has tri-zone climate control. The second and third rows have vents for the AC and the rear vent can be locked in case someone complains about being too cold.

Engine

It kept its 2.2-litre, four-cylinder turbo diesel engine from the previous model, but it now has an eight-speed automatic transmission. This upgrade has worked smoothly together and has utilised the minivan’s 440Nm torque. With all those combined, driving a fully-loaded vehicle will be a piece of cake. Add a 7.7L/100 km fuel economy in the picture, and your next road trip would be easy to plan.

Maintenance and price

When it comes to maintenance, the Carnival SLi has similar costs for running and repairs with the Odyssey, and that is for more than five years. However, it takes things up a notch with a seven-year unlimited kilometre warranty. If you think that your next vehicle should be no other than this, you will have to spend a little under $60,000 and add $695 more if you want to get the premium paint box.

Honda Odyssey

Honda Odyssey

Seats and storage

The Odyssey can accommodate six to seven people thanks to its VTi-L seat configuration. All seats are leather and heated, and the two second-row ones got the nickname “captain’s chairs” because they recline, move backward and forward, have foldable armrests, and ottoman leg rests. The third-row seats can fit three people but some say it’s more comfortable for just two. It has a good-sized storage space but not as big as the one in the Carnival SLi.

Safety

Some might say the Honda Odyssey’s storage needs an upgrade but it makes up for that by stacking on safety features and having five stars for its ANCAP rating. It has forward collision warning, autonomous emergency braking, lane keep assist, adaptive cruise control, and rear cross traffic alert. The minivan also has a multi-view camera, blind-spot alert, six airbags and a curtain airbag that can cover all three rows. Lastly, it has an auto parking system that’s a lifesaver for those who aren’t too confident with their reverse parking skills.

Entertainment

The control of the entertainment in the Odyssey happens in the front seat. For example, you can open both sliding doors at a touch of a button there same the two USB ports and the HDMI input that you can use to watch movies. The minivan has a tri-zone climate control so people in the second and third rows can adjust the temperature.

Engine

The Odyssey has a 2.4-litre petrol engine with a CVT. Cruising on the highway with it is great when you do not have a heavy load. It becomes a different story when all seats are occupied combined with the weight of any luggage, causing the vehicle to slow down and produce engine noise which is not something you’d experience in the Carnival.

Maintenance and price

The Honda Odyssey sells for $51,967 which is $8,000 less than the Carnival SLi. You need to keep in mind some of the differences in storage space, seating and engine performance to appreciate how good it is for its price point. Another thing to consider is the five-year warranty from Honda that hasn’t disappointed anyone with its great value-for-money.

Kia Sorento Si

Kia Sorento Si

Seats and Storage

Just like the two minivans (Carnival SLi and Odyssey), the Sorento Si can fit six to seven passengers. While those two emphasise providing comfort for long trips, this SUV is ideal for shorter trips to the mall, parks and weekend sports. It has heated front and second-row seats and is known to have excellent storage space. Putting groceries in the boot will not result in having a cramped space in the third row. For those looking to buy furniture, appliances, or have a lot to get during a sale, it can all easily fit inside because you can fold the third and second-row seats.

Safety

The Sorento Si also gets a five-star ANCAP rating. Like the Carnival SLi, it has received upgrades like getting better suspension to take on Aussie roads, having autonomous emergency braking, active cruise control, and a lane-keep assist as part of the standard package. It also gets six airbags with the main difference being on the curtain airbag not covering all three rows.

You might also like: 7 Reasons to Buy an SUV Car

Entertainment

The infotainment in the Sorento Si is similar to the one the Carnival SLi has. It makes a lot of sense since these are both made by Kia but the speakers are different because it didn’t get the JBL sound system, and it has two USB ports instead of three. There is one port in the front row, the other in the second, and none for the third. The temperature inside is regulated via the ventilation outlets in every row and fan control in the third.

Engine

One important thing to remember is that the Sorento Si is only available in a 2WD, and though it is called an SUV, it can’t be taken off-road. But this can still give you a smooth ride with its 3.5-litre V6 petrol eight-speed automatic engine with 206 kW. One issue people have with this is the fuel economy which is 10L/100km and the fact it might worsen if you spend a lot of time in the city or suburbs.

Maintenance and price

The Sorento Si is considered a budget family wagon. For a vehicle that can have seven passengers, you can get it for $47,161. To give you a better perspective that’s almost $12,500 less than the Carnival SLi. Buyers save on its base price and the cost of the insurance, servicing, and repairs.

If you are looking at one of the above vehicles or any other family van or 4WD, call Finance Ezi on 1300 003 003 or submit an application online.

7 Reasons to Buy an SUV Car

MazdaCX5-1

SUVs are rising as the most popular vehicle choice in Australia today. Just last year, SUVs surpassed the car sales of any other passenger car — an unfamiliar trend in the Australian automotive market. Based on reports, the top 5 best-selling SUVs alone sold more than 108,000 units. And according to a Roy Morgan survey, more than 623,000 Aussies are planning to purchase an SUV in the next four years. So the question is Should you buy an SUV?

We listed some of the reasons why this might be a smart choice.

1. More Space for Everyone

SUV is a practical vehicle for big families because it has a larger seating capacity. It’s inarguably more stylish than a van and is more powerful to boot. An SUV’s large space and power also make it a better companion when transporting cargos.

2. Efficient Petrol Usage

Not long ago, SUVs were frowned upon for consuming too much petrol but not anymore. Newer SUV vehicles are more fuel efficient than they have ever been. Just take a look at the Mazda CX-5, the best-selling SUV of 2017 and first-half of 2018. It has an official fuel economy of 6.0L/100KM.

3. Tows More Weight

Do you tow a horse float, a caravan, or a boat trailer on the weekends? That is another reason to get an SUV. With an SUV, towing is a walk in the park. Medium SUVs like Mitsubishi ASX can tow up to 3000 lbs., while a large SUV like Ford Expedition has a maximum tow capacity of 9200 lbs.

4. Good Off-Road Rides

SUVs are more equipped and come with essential features for off-road compared to sedans or hatchbacks. Their suspension systems, transmissions, and differentials are designed to withstand rough terrain without sacrificing the passenger’s comfort and safety. Adding the large tyres and off-road cruise control features, you can easily navigate through muddy, sandy, or gravelled roads.

5. Better for Flooded Areas

Areas near inland rivers, like Western and Central NSW, Western Queensland and some parts of Western Australia, are prone to flooding. Small vehicles are no match in these conditions. SUVs like Ford Everest and Land Range Rover will give you a wading depth of up to three feet, which will eliminate these risks during heavy rains.

6. Competitive Prices

Due to the increasing popularity of SUVs over the last few years, especially the mid-sized segment, many new products have entered the Australian automotive market. This rise in competition resulted in low-priced and high-quality vehicles which are great on the part of consumers.

7. Higher Sitting Position

SUV offers a higher sitting height which gives an excellent view of the road and will help you avoid potential hazards. With a “command seating position”, you can navigate your way better, whether in an off-road or in a motorway.

Top 5 best-selling SUVs

The top 5 best-selling SUVs for the first half of 2018 are (in descending order):

  1. Mazda CX-5
  2. Toyota Rav4
  3. Nissan X-Trail
  4. Hyundai Tucson
  5. Mitsubishi ASX

The top 10 includes the Toyota Landcruiser Prado, Honda CR-V, Mazda CX-3, KIA Sportage, and Toyota Landcruiser.

If you are now convinced that an SUV is the right car for you but are feeling reluctant due to finances, let Finance Ezi help you. Our team of experienced brokers will help find the right car loan for you through our connections with various leading lenders. Call us on 1300 003 003 or make an enquiry online to get a pre-approval on your next SUV.

How to Get a Low Interest Rate Car Loan

Tips to get a car loan

When purchasing a vehicle, we take the time to compare the interest rates of different financing sources to get the best car loan deal possible.

Getting a Low-Interest Rate Car Loan

Exploring all the avenues of financing is a necessary step if you want to find the smallest monthly repayment possible and reduce the total amount you owe from the lender. When shopping around for the best car financing option, keep in mind the following strategies because one or two of them might be your key to getting a lower interest rate on your car loan.

1. Don’t Stick to Dealer Finance

Many borrowers choose to purchase their vehicles through car dealers because of convenience. However, they also tend to give higher interest rates or additional fees to cover the cost of the convenience that they provide. So instead of settling with a dealer, go to other loan providers and you are far more likely to get a better offer. We have a more extensive article on why you should avoid dealer finance here.

2. Avoid Zero % Finance

In your haste and excitement to find a low-interest rate car loan, you might get tempted by lenders offering zero interest finance. It sounds good but in reality, you’ll just end up paying more. Zero interest finance loans usually have higher and non-negotiable purchase prices. They also have higher fees to compensate for the zero-interest deal. The best way to avoid this trick is factoring in the overall cost of the loan.

3. Get a Bigger Deposit

A deposit lowers the principal on your car loan. By having a bigger deposit, you also lessen the risk for the lenders so they are more likely to consider giving a lower interest rate. This deposit will also give you higher equity on the vehicle.

4. Negotiate with Lenders

A benefit of shopping around with different loan sources is getting the right information to help negotiate for lower car loan rates. You can use the previous deal offers as a trump card to persuade lenders to go lower. If you have some good negotiating skills, that will help too.

5. Maintain Good Credit History

In every car loan application, credit history is scrutinized to find out if a borrower has been diligent in paying off previous loans. By maintaining a good payment record on your credit report, banks and lenders will not see you as a risky borrower and will be more likely to give you lower interest.

If you are in the market for a low rate car loan, call Finance Ezi now on 1300 003 003 or submit an application online and our brokers will do the research and negotiating on your behalf.

Partnering with Finance Ezi

Limit your losses by partnering with Finance Ezi.

Partnering with Finance Ezi is the direct bridge to your business’ overall financial success. With access to domestic and global funds, you can be confident that your business will receive the ultimate finance deals to optimise your customer relations and profits.

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