Small Business Tax Deductions – New Cars Under $20k

Mitsubishi Triton

As a small business owner, it’s not often you get a break. In recent years it’s seemed even rarer for such a break to come from government. The most recent budget however was a breath of fresh air for small business owners. You now have the ability to claim an immediate tax deduction for any individual asset that costs you less than $20,000. This is great news, especially if you’re looking to purchase a new car for your business. There are a number of great new vehicles that are available for under or close to that magical $20,000 figure.  We’ve compiled a brief list of models that you may be interested in:

Fiat Models Under $20k include:
500, Punto

Fiat 500Fiat Punto

Ford Models Under $20k include:
Fiesta, Focus, Eco Sport

Ford FiestaFord FocusFord Eco Sport

Holden Models Under $20k include:
Barina, Cruze

Holden Barina X        Holden Cruze
Honda Models Under $20k include:
Jazz, City

Honda Jazz      Honda city

Hyundai Models Under $20k include:
I20, Accent, I30

Hyundai I20Hyundai AccentHyundai i30
Kia Models Under $20k include:
Rio, Cerato

Kia Rio SilverKia Cerato White
Mazda Models Under $20k include:
Mazda 2

Mazda 2
Mitsubishi Models Under $20k include:
Mirage, Lancer, Triton

Mitsubishi MirageMitsubishi Lancer SportMitsubishi Triton
Nissan Models Under $20k include:
Micra, Pulsar

Nissan Micra          Nissan Pulsar

Toyota Models Under $20k include:
Yaris, Hilux

Toyota YarisToyota Hilux

VW Models Under $20k include:

VW Polo

What Will Your Choice Be?

Whilst some of the above new vehicles retail for more than $20,000 we have contacted our dealer network and have been able to negotiate them below that number for our clients. However, if a new Fiat 500 is not the right vehicle to tow your work trailer then there is also a seemingly endless array of used vehicles on offer. We know how difficult it can be to find time to search for the right vehicle let alone going through the rigmarole of actually purchasing. Car Search Brokers can look after this entire process from search to purchase.

Contact us today to find the perfect car to suit your business.

Posted on May 15, 2015 in Car Buying Tips