Truck manufacturers and parts and component suppliers are highly committed to the development of new systems and devices to improve the efficiency and productivity of vehicles and their business owners. New products are regularly released into the market so staying across the latest can be a challenge. Some of this year's most significant technical and product innovations in the heavy vehicle sector are included in the nominations for the Heavy Vehicle Industry Association (HVIA) Product Innovation Awards.
There are 16 nominations and they cover areas such as advanced tyre pressure monitoring systems, a braking system to enhance road train safety, new design in bullbars which maximises strength and minimises protrusion, product to improve connectivity of electrical componentry in trucks, a hybrid trailer refrigeration system, new truck models and unique axle designs. Review all nominations.
Big company name on the list include Mitsubishi products by QTRS, DAF trucks from PACCAR, Freightliner converter trailer by MaxiTrans and Kenworth amongst others. The HVIA announcement of this year’s nominations notes that these provide solutions for both existing and new needs in the market.
Facilitating Your Investment
Investing in innovative tech solutions may assist your business achieve improved productivity which can flow-on to increased profitability. That all-important bottom line. But in order to realise the ROI, sourcing the cheapest truck finance can be critical.
While retro-fitting some innovations may be a possibility, including them with your initial truck purchase may enable you to roll the costs into your truck loan. When speaking with your Jade Truck Loans consultant, discuss which additional products and systems you would like to include in your new truck. At our cheap truck loan interest rates the latest innovations may be more of a reality than a wish for your business.
Your consultant can advise on structuring your truck loan and will negotiate loan terms and repayments to best meet your requirements.
Award Nominee: DAF CF and XF Models
We have previously showcased new DAF truck models in our articles and pleased to see we were highlighting innovation. According to the HVIA awards notes, these new DAFs are designed for Australian conditions and included Euro 6 standards even before the government mandate. Increased horsepower contributes to achieving increased productivity and reduced fuel consumption.
Safety issues in regard to driver fatigue and protection have been addressed through cab interior design and protective cab construction. A number of other innovative features have also been noted as to why these trucks have been included in the nominations.
If you are interested in purchasing one of these innovative new DAF models, use our truck loans calculator to get rough estimates on possible repayments on a Jade truck loan.
Award Nominee: Kenworth T410
Kenworth trucks are a mainstay of Australia’s transport industry and PACCAR has achieved an award nomination for a number of innovations in the T410 model.
Some of the key features as noted in the HVIA announcement include:-
- Front axle set back combined with the shorter length from the bumper to the back of the cab maximise productivity and provide greater performance and versatility.
- Wider cab is more ergonomic, spacious and better-equipped.
- Heating and climate control systems enhance driver comfort.
- Smoother engine and transmission delivers fuel economy and performance.
If these innovations have sparked your interest in acquiring your own T410, request a quick quote from Jade Truck Loans or head to our calculator and start working out your possible loan structure.
Current Investment Allowance Measures
If you’re interested in purchasing a DAF CF or XF, a Kenworth T410 or any other truck incorporated with these exciting innovations, you may be eligible for the investment allowance measures as announced in the 2020/21 Federal Budget.
The Instant Asset Write-Off scheme has been extended to 30 June 2021 for eligible businesses and assets up to $150,000. This means you can claim the full tax deduction up to $150,000 in the current tax year.
For larger businesses and to cover assets of all prices purchased up to 30 June 2022, a temporary full expensing allowance is available. This also allows the full tax deduction in year of purchase. We refer you to our library for articles where we have covered these and other measures in great detail.
Cheap Loans to Purchase Innovative Trucks
Jade Truck Loans provides cheap truck finance to enable businesses of all types and sizes to invest in innovations which may increase their productivity and profitability. As finance lenders with extensive experience and expertise in truck and heavy vehicle finance, we work with sole traders, owner operators, SMEs, partnerships and large companies to achieve a workable, cost-effective finance package for every truck purchase.
To leverage the accelerated depreciation benefits, businesses should consider buying their truck using an on-balance-sheet financing option like Chattel Mortgage. However, there are also tax and additional advantages with off-balance-sheet financing methods such as Truck Leasing and Rent to Own. Thus, when choosing from our wide range of finance products, it’s wise to consult with your accountant.
To discuss how we can assist you in acquiring the latest heavy vehicle innovations, speak with a Jade Truck Loans consultant on 1300 000 003
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