Tax Benefits of Equipment Finance for Australian Electricians
Every dollar you save on tax is a dollar that stays in your business. Understanding tax advantages can literally save you thousands of dollars annually whilst improving your cash flow and business growth prospects.
Why Finance Beats Cash for Tax Benefits
When you factor in tax benefits and opportunity costs, financing often provides superior financial outcomes. You get immediate tax deductions from interest payments PLUS depreciation claims, while preserving cash for income-generating activities.
Real Numbers Comparison
Cash Purchase ($50,000 Van)
- • Cash payment: $50,000
- • Annual depreciation: $8,333
- • First year tax saving: $2,500
- • Net first year cost: $47,500
Finance Purchase (7 years @ 6.69%)
- • Cash payment: $0
- • Interest + depreciation: $11,533
- • Tax savings: $3,460
- • Net first year cost: $5,480
Result: Finance preserves $45,020 for business operations while costing less in Year 1!
Calculate Your Tax Benefits
Use our calculator with built-in tax benefit calculations to see your potential savings
Calculate Tax BenefitsMaximise Your Equipment Finance Tax Benefits
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