We're consistently monitoring developments across industry and government concerning trucks and transport in Truck Finance Broker Australia. By staying updated on our customers' activities, we can better identify and cater to your truck financing needs. Moreover, we're committed to providing information that can help you stay ahead of the curve, enabling your business to venture into new markets successfully.
The COVID-19 crisis continues to throw curveballs with more border closures sure to create delays for interstate and long haul drivers. It is looking like this will be a dynamic scenario for some time and operators will need to stay flexible to adapt to changing conditions both on the road and in relation to dealing with customers.
Business health and safety resources for coronavirus (COVID-19). With the virus still apparently circulating, it’s no time for complacency. Individual states are providing resources and materials which are targeted to different industries and if you haven’t already, check your state government transport authority website for more details.
Safety Compliance Assistance
The NSW Government is taking action to collaborate with the heavy vehicle industry on fostering safety benefits. Transport NSW has launched its Engage and Educate initiative and stated that it was being used to raise the awareness around issues of safety and regulation in the transport sector.
This involves the department engaging with operators and drivers at roadside discussions covering areas such as registration, vehicle maintenance, work diaries and other issues.
Potential Business Opps: Recycling and Waste Sector
The Federal Government has made a major financial commitment to transforming the recycling and waste industry. A commitment which could present business opportunities for truck operators. The plan is to develop the local waste industry to avoid so much recyclable material ending up in landfill. With the bans on the export of waste fast approaching, there is an urgent need to address the issue.
The Minister for the Environment, Sussan Ley, announced the initiative which is intended to create more of a circular economy by developing ways of re-purposing the waste which was previously exported into useful products.
What could this mean for your business? Possibly new contracts in the waste management and transport industry? Expansion of your existing markets? New customers entering the scene? Processors requiring an increase in transport requirements?
All possibilities and possibly requiring new or upgraded vehicles to handle the business growth.
Waste and Recycling Trucks
In the new truck market several of the leading manufacturers offer quality medium duty trucks which are ideal for waste and recycling industry applications. They include:-
- The IVECO ACCO is ideal as a waste compactor and for general distribution applications. The compactor range includes a range of options so you can select exactly the vehicle to suit your requirements. The ACCO has the Cummins ISL 8.9L engine with ratings of 340 hp, 320 hp and 280 hp and is available as 8x4, 6x4 or a 4x2.
- The FUSO Fighter range is an ideal medium duty vehicle which suits compactor and tipper applications.
- The Hino 500 Series is available in a built to go tipper and suit waste and recycling applications. The new range has a very comprehensive safety package which will be especially appreciated by those working in city environments.
In the used truck market has a number of ready to go compactors that may be worth you considering. Don’t forget to have the Jade Trucks Loans calculator open when browsing the market. It allows you to quickly access a rough ballpark on possible monthly repayments. If you want a quick quote – just give us a call.
Taking Advantage of Tax Benefits
With the IAWO (Instant Asset Write Off) still on the table, it could be time to invest in a new truck now so you’re ready to bid for new contracts in the waste sector as soon as they emerge. There may also be other time-limited depreciation benefits you can take advantage of with a truck purchase.
The benefit you realise may be dependent on the finance type chosen. Jade Truck Loans offers the full range of truck finance:-
- Truck Leasing
- Truck Rental Finance
- Chattel Mortgage for truck & trailer financing
- Commercial Hire Purchase
Each finance type has varying tax and other benefits depending on your business structure. To make the decision as to how best to take advantage of tax and depreciation with your company framework, we recommend you consult with your accountant.
Once you have that sorted, Jade Truck Loans will get to work to organise a quote on a cheap truck loan. The RBA kept interest rates on hold again in July, so low interest rates are also still on the table. Get in for your serve!
To discuss a cheap truck loan, contact Jade Truck Loans 1300 000 003
DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. INFORMATION ON INDIVIDUAL VEHICLE SPECS IS SOURCED FROM THE MANUFACTURER WEBSITE. NO LIABILITY IS