Toyota Exchange Program
Love the change, keep the feeling
Wherever life takes you, we're with you.
If your life is changing, Toyota Exchange is here to help, by giving you a great price on your current vehicle and the best value for your new Toyota.
As a loyal service guest, we’d like to offer you a Toyota Lifecyle Check. This will help you work out the right time to change your Toyota, to suit your current and future needs.
Our Lifecycle Check will take into consideration:
- Does your vehicle still suit your needs?
- What are your future servicing and ownership costs?
- What is your vehicle worth?
- When does your finance contract finish?
- What will it cost you to upgrade?
Whatever you decide, it costs you nothing to have a look at your options and you might be in for a pleasant surprise.
Have a watch of the below video to find out more or to find out more about the CMI Toyota Exchange program and to arrange your complimentary Life Cycle Check, please contact us.
Instant Asset Write-Off Explained
It is important to note that this communication should not be used as tax advice. Please first speak with your accountant to see how this stimulus package applies to your business.
In case you’re not aware, as part of the 2020-21 Budget the Federal Government announced a further extension and updated rules for the Instant Asset Write-Off Scheme to assist businesses with the purchase of assets.
How do the new Instant Asset Write-Off rules apply?
Business owners may be eligible for an immediate tax write-off of a new or second-hand vehicle up to any value (previously $150,000 maximum) if the asset is ordered, acquired, installed and ready for use between 6 October 2020 and 30 June 2022.
Australian taxation legislation currently states that the depreciation limit for a motor vehicle defined as a car* remains at $59,136.
* The depreciation car limit applies to a vehicle classified as a ‘car’ (a vehicle designed to carry a load of less than 1 tonne and fewer than 9 passengers) in the tax legislation.
This means that cars below the car depreciation limit; like Yaris, Corolla, Camry, C-HR & RAV4 may be eligible for a 100% Instant Asset Write-Off in the income year it is first ready for use if delivered by 30 June, 2022. Vehicles (with over 1 tonne payload) such as our HiLux 4x4 Extra-Cab Cab-Chassis for example, may be eligible for a 100% write-off.
Please note that the above is for illustrative purposes only.
How can the ‘Instant Asset Write-Off’ scheme apply to your business?
From 6 October 2020 to 30 June 2022, for businesses with an aggregated annual turnover of less than $50 million, the Instant Asset Write Off scheme continues to extend to eligible second-hand assets too.
The entire Toyota range is eligible for a form of Instant Asset Write-Off. Ask your accountant about how this benefit can be applied for your business.