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Sale of the Century

14 May 2020 10:56 AM -

Today, we wanted to draw your attention to an almost 'once in a generation' opportunity for your clients if they are contemplating the purchase of a new car.

In case you missed the news, official car sales data released last week by VFACTS revealed that new car sales in Australia plunged by over 48% in April when compared to April 2019, highlighting the significant impact that the COVID-19 pandemic has had on this market sector.

This was the biggest sales decline of any month since VFACTS figures were first published back in 1991 and followed an 18% decline in new car sales in March 2020.

At a brand level, car manufacturers were hit with sales drops ranging from 32% (Toyota) to Mitsubishi (-63%), Volkswagen (-62%) and Hyundai (-65%) who all experienced material sales reductions.
These results are great news for your clients. Car dealers are now desperate to move existing stocks and are offering, according to some in the trade, 'once in a generation' deals.
Share this information with your valued clients. We encourage you to also offer assistance with finance pre-approvals to ensure they are well placed to negotiate the best deal possible if they are considering a new car purchase.

At NLG Leasing we are happy to help by arranging finance pre-approvals for your clients via our extensive lender panel at market leading rates and with flexible and fair loan terms. If you would like to know more about setting up finance pre-approvals, please contact one of our friendly team members on 1300 722 011 or email support@nlgleasing.com.au

Car Buying Service

If your clients don’t want the hassle of searching for a new car and having to negotiate with pushy salespeople, why not let the NLG Leasing car buying team do all the hard work?

Our car buying team can source all new vehicle makes and models across Australia at discounted pricing due to their buying power. They can also assist with trade-ins of existing vehicles and arrange test drives for your clients. The service is complimentary and free to use for accredited NLG Leasing broker partners.
Even better, the real benefit of using the NLG Leasing car buying service is that the dealers who participate in the program cannot discuss any finance requirements with your clients, they can only sell the vehicle.

This gives you the perfect opportunity to win the finance transaction with your clients thereby increasing your business income and helping to protect your valuable client relationships. To provide access to your clients, you can add something similar to below into your email signature:

Thinking of buying a new car or commercial vehicle? Click here to access our car buying service and get a great deal on your next vehicle.
 
A timely reminder that the enhanced Instant Asset Write Off Scheme for eligible businesses is set to expire on 30 June 2020.

This is the perfect time to be talking with your self-employed clients about their equipment finance purchase intentions before the end of this financial year and offering to assist with any finance requirements.

To recap, the scheme enables eligible businesses to write off or expense the full cost of a business asset this financial year rather than having to make periodic depreciation claims. What are the rules?
  1. The current cost limit of $30,000 per asset has been increased to $150,000 per asset.
  2. Eligibility criteria has been widened to include businesses with annual group turnover up to $500 million (previous limit was $50 million).
  3. There is no limit on the number of individual assets a business can purchase and immediately write-off under the scheme.
  4. Business assets can be new or second hand.
  5. Any business assets purchased must be first used or installed and ready for use by 30 June 2020.
If any of your clients wish to discuss financial assistance measures due to the impact of COVID-19 on their business operations with our lender partners, we have prepared a handy reference sheet which you can access via the following link HERE. We will update and share this document with you as we receive further correspondence from our various lender partners.


Happy to help.

If you are looking for a solution to assist your consumer and commercial clients with all asset, equipment and cash flow finance solutions - but don’t yet have the knowledge and can’t justify the high costs associated with multiple accreditations, specialist systems or a full time specialist on the payroll – then NLG Leasing is the right business partner for you. If you would like more assistance, please contact the NLG Leasing team on 1300 722 011 or email support@nlgleasing.com.au