Hyundai Trucks Offers Tax Deduction Opportunities with Available Stock and Electric Range
With just weeks from the start of the final financial year quarter, it’s coming into crunch time for operators wanting to claim tax deductions on new vehicles in 2022/23. For those intending to realise the benefits of temporary full expensing it’s approaching the last chance before the 30 June expiry date. For operators looking for vehicles ready for delivery now, Hyundai Trucks is advertising new stock and in stock availability of a number of their models.
Being able to take immediate delivery may be critical to meeting the criteria for realising tax benefits in this financial year. For those not in such a hurry, Hyundai Trucks also posted news of the upcoming launch of their Mighty electric range, due mid-year.
Demand for ‘in stock’ Hyundai Trucks may be strong, so having finance pre-arranged with Jade Truck Loans may assist in securing the vehicle and prompt delivery. We update on the latest from Hyundai and on the finance available for all types of business operations.
Hyundai Trucks – Stock News
Hyundai is advertising new refrigerated trucks are in stock and ready to drive away. Apparently, there is a selection of models available including 3, 6 and 8 pallet models with manual or 6-speed full automatic transmission. Both freezer and chiller models are available.
Drive away availability is likely to attract a lot of attention and those ready to buy, with finance sorted, may be the ones to secure vehicles with limited availability. Speak with us about your truck loan and we’ll get you fast approval so you’re ready to buy when you arrive at the dealership.
Also now arrived in stock at Hyundai is the Pavisi D115. This is an all-new truck in the mid-size range with class-leading features. The 115 has a 5.9 litre diesel 6 cylinder turbo engine, dual compliance 12t or 15.5t, is available in either a 9 speed manual transmission or 12 speed AMT.
According to Hyundai Trucks, stock has now arrived. Be quick with arranging finance and securing your Pavisi D115.
New Hyundai Trucks Electric Model
Not yet available but tipped to be coming mid-year, is the new Hyundai Trucks Mighty electric range. This will be available in 7.3t GVM and has a reported 240km range. The variant available will be a 4x2 with 3300mm wheelbase. Customers will have the choice of refrigerated or regular pantech, tray or plain cab chassis option.
This new vehicle offers zero emissions as well as impressive power and that good range. Comfort, safety and technology are covered as well. Of special note is the speed sensitive steering. This adjusts the feel of the steering to provide easier and more comfortable driving. Operators can access functions for the cabin from the steering wheel to provide safer operator. Intelligent features include driver-assist systems – lane departure warning; forward collision avoidance assist; ESC; and ABS.
The charging time for the new Mighty is quoted at around 70 minutes with rapid charging. The release of this vehicle is seen as a significant step in Hyundai’s carbon neutral by 2045 global aim. If an electric mid-sized truck is in your buying sights and you can wait until later in the year for delivery, contact Hyundai Trucks to register your interest.
Hyundai Trucks Finance Options
Buyers can be ready to immediately secure ‘in-stock models’ with our pre-approved truck finance. This involves have the loan approved based on an estimated total finance amount before a deal is struck with the Hyundai dealer. It provides buyers with the assurance that they have been approved for a certain loan amount and hence the confidence to proceed quickly with the purchase.
The alternative of test driving and then having to go away and organise finance can mean delays which may mean missing out if the stock is limited.
Pre-approved loans are available on all our truck finance products:-
- Truck Leasing
- Rent to Buy
- Commercial Hire Purchase
- Chattel Mortgage
This includes for businesses with little or no documentation and requiring Low Doc No Doc Truck Finance.
Chattel Mortgage for Temporary Full Expensing
A key reason for expediting delivery of new trucks at the moment is to have the vehicle operational in the business in a timeframe to meet ATO criteria for tax deductions. With temporary full expensing that means the new assets must be operating in the business by 30 June 2023.
Temporary full expensing offers significant tax benefits over the normal deductions. It allows for the full purchase price of the asset, the truck, to be claimed as a deduction in the year the truck was purchased. The normal depreciation schedule is smaller percentages of the total asset value over several years.
Having a larger deduction means lowering taxable income and hence less tax due for the current financial year. After a few uncertain years in many sectors, that may be a very attractive option to ease cash flow.
Chattel Mortgage is considered the most appropriate form of truck finance to suit temporary full expensing. This is a versatile form of secured loan and can suit many types of businesses. Request a quote and fast approval so you can move immediately on acquiring your new Hyundai model.
Before making a decision on your truck finance, it's important to Evaluate Rates from Leading Finance Products. To learn more about specific finance options, you can explore how a Chattel Mortgage works and Compare CHP Truck Finance With Other Loan Types.
Contact Jade Truck Loans on 1300 000 003 for fast approvals on truck finance for new Hyundai Trucks.
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