Australia’s sales of new motor vehicles rose at the end of December 2017, wrapping up a strong year for the nation’s automotive market. This has also resulted in more demand for car funding! There is a strong demand in the market for car leasing, equipment finance and boat finance as well.
According to the Federal Chamber of Automotive Industries (FCAI), 2017 was a record year for sales in the Aussie motor industry – the fourth in five years. Tasmania was the leading state where car sales growth was witnessed at 10.2% annual growth while the Australian Capital Territory witnessed a decline in car sales at -3.8% for the whole year. In annual terms, new car sales around the nation were up 2.8% from December 2016 on a trend basis, according to the ABS.
The growth in car sales has meant an increase the demand of car loans. Car Funding Australia is a group firm of Magnolia Finance that has other business arms to meet the needs for small business loans for companies in Australia. Car Funding Australia offers car lease Brisbane, equipment finance Sydney and other types of loans for car financing starting at just 4.99% annually. The company offers car loans starting from $5,000 to 200,000.
When contacted Mitchell Atkins, Group Director at Magnolia Finance said, “Car Funding is here to make everything you want a possibility. We will help you finance everything you and your business needs while enjoying the lowest rates and the best payment plans. Your loan application is also approved within a few hours.”
If you are a car rental business looking at expanding your fleet or wanting to induct new vehicle to phase out old ones Car Funding Australia is where you can find the perfect solution to your business financing needs. When it comes to car finance online this company offers the best business car finance rates. Benefit from the great offers on company car finance and car leasing Australia.
About Car Funding
Car Funding has access to over 100 bank, non-bank and private investors that can assist with your financing needs. Even if you’ve struggled to secure funding from the big institutions in the past, Car Funding believes we have the solutions to keep you moving forward.
For more details on applying for car finance online or to know more about their business car finance rates visit www.carfunding.com.au or call 1300471308 today!
