Following a great 2021 result, truck sales started 2022 in positive territory with the UD Quon apparently striking a chord with buyers in Australia. In a statement issued by UD Trucks, sales records in Australia are tumbling as the Quon 8x4 proves to be a heavy hitter in the local transport sector.
UD Trucks recorded a 4.7% market share for the start of 2022 in the heavy duty segment and it was in the 8x4 market segment where the company shone with 34% of the market. The company reports that the Quon 8x4 has continued to win market share since its 2020 launch. The Quon is showing popularity in a diverse range of applications including heavy tilt tray operations, livestock transportation and waste management as well as in the general freight market.
UD Trucks Australia's Vice President, Ms. Lauren Downs, remarked that the outcomes underscore the Quon's resonance among Australian buyers who prioritize a superior blend of productivity, reliability, and integrated safety. The company eagerly anticipates sustained growth within the Australian market throughout 2022.
For potential heavy-duty sector buyers, we spotlight the distinctive attributes of the Quon 8x4 and other models within the UD range. We provide insights into the possibility of acquiring your chosen vehicle through economical truck finance options and investment incentives.
Highly Popular Quon 8x4
The Quon by UD Trucks presents a diverse array of models tailored to accommodate various applications and body types. Buyers are afforded the choice between an 8-liter or 11-liter engine, a 12-speed automatic transmission or a 6-speed Allison automatic, and several other variations. With a steadfast commitment to prioritizing people in their innovations, the latest iteration of this vehicle focuses on five key dimensions: driveability, uptime, productivity, fuel efficiency, and safety.
Driveability enhancements are realized through advancements in the transmission system, disc brakes, and interior design, all of which contribute to heightened driver comfort, leading to less stressful and less fatiguing experiences behind the wheel.
Notable gains in fuel efficiency are achieved through sophisticated driveline technologies that enhance torque and horsepower. The Quon incorporates advanced safety features such as Traffic Eye Braking and an optional driver alert system.
The vehicle's weight has been effectively reduced by incorporating high-tensile steel rails into the main frame and utilizing disc brakes, thus enabling a wider range of body options and greater payload capacity. Coupled with the renowned reliability of the UD range, these attributes collectively ensure optimal uptime for operators, consequently boosting productivity and minimizing both maintenance time and associated costs.
Increase Productivity with Cheap Loans for UD Trucks
While UD Trucks have addressed many issues around achieving greater productivity with the UD Quon, at Jade Truck Loans we assist operators to increase productivity through cheaper truck finance. With our focus on achieving the cheapest truck loan interest rate loans, we assist our customers to secure truck loans that work with their goals.
A lower interest rate translates to reduced overall finance costs and lower monthly repayments. Maintaining these recurring monthly expenses at a minimum can play a pivotal role in achieving both enhanced productivity and heightened profitability, particularly within fiercely competitive markets.
The selection of the appropriate loan type holds significant importance in determining the overall feasibility and efficacy of truck finance. Diverse truck loan options encompass distinct features and advantages that ought to be carefully weighed against the specific goals and requirements of the business.
We offer the full range of truck loans which includes:-
- Truck Lease
- Truck Chattel Mortgage, aka Heavy Vehicle Loan
- Commercial Hire Purchase, aka Hire Purchase
- Rent-to-Own financing, aka Rent-to-Buy and Heavy Vehicle Rental
The key aspects of these loan types to consider in regard to compatibility with business goals include:-
- Applicability to accounting method used.
- Approach to the balance sheet – on or off balance sheet preferences.
- Treatment of GST
- Tax deductible items.
While these should be the key considerations, you’ll also note that the interest rate also differs across the selection of loan types. This can be a decision-maker but referring to the business’ accountant for advice on the overall loan type benefits is highly recommended.
Government Investment Incentives
While Instant Asset Write-off and temporary full expensing have been on the radar of truck buyers for quite a while now, they are always worth a reminder mention. These accelerated asset depreciation measures allow the full purchase cost of eligible assets to be written-off in the same year of purchase.
Paying attention to choice of loan type is critical to being in a position to take advantage of these measures. Chattel Mortgage is best suited as the truck is listed as an asset on the business balance sheet and as such is a depreciable asset. Once again, talk to your accountant about this.
Take Advantage of Cheap Interest Rate Climate
Another topic of continual importance that we consistently emphasize is the availability of affordable interest rates. While our constant endeavor is to secure the most competitive rates, the prevailing historically low official cash rate has fostered an exceptionally enticing lending landscape. This aligns with the RBA's characterization of the environment as 'accommodative'.
There exists a compelling likelihood that the RBA will take action to increase the cash rate earlier than previously anticipated. Opting to make a new truck purchase with financing sooner rather than later could ensure that your business capitalizes on the advantages of these historic low rates throughout the entire duration of the truck loan.
Contact Jade Truck Loans on 1300 000 003 for quotes on finance for UD Quon.
DISCLAIMER: THIS INFORMATION IS ISSUED PURELY FOR THE PURPOSE OF GENERAL INFORMATION PROVISION. IT IS NOT TO BE TAKEN AS THE ONLY SOURCE OF INFORMATION FOR BASING FINANCIAL DECISION-MAKING. THOSE REQUIRING FINANCIAL GUIDANCE AND ADVICE SHOULD CONSULT WITH THEIR FINANCIAL CONSULTANT OR ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY MISREPRESENTATION OF POLICIES, DATA OR ERRORS IN THIS CONTENT.