Just in time for the end of the financial year and perfectly timed for businesses to take advantage of IAWO or temporary full expensing, a number of leading equipment and machinery manufacturing brand recently unveiled new products. Prior to 30 June will be the cut-off for businesses to have new machines in operation in their business in order to be eligible for the new tax deduction measures on offer. The key criteria for Instant Asset Write-Off and temporary full expensing are that the asset must be purchased and operating in the same year as the tax deduction is claimed.
With only weeks to the 20/21 deadline, operators will be needing to move quickly if they intend to claim the deduction in this financial year. The measures are available through 21/22 and 22/23 and multiple machines could be claimed, but if this year is your target, get moving now!
Komatsu Celebrates 100 Years
More a concept than an actual product, Komatsu unveiled its electric remote excavator as a next-generation machine concept as part of its 100-year commemoration events. The concept is a full electric, lithium-ion battery, mini-excavator which can be operated remotely.
A 3-tonne machine with 0.09 cubic metre capacity, it combines a number of the company’s new technologies. No on-board operator, no exhaust emissions, no noise, no heat and according to the company, no maintenance, this is sure to attract a lot of attention across multiple industry applications.
While it will be some time before we see this new-gen machine in Australia, you can catch the latest from Komatsu at upcoming trade events including CRT FarmFest in Toowoomba in early June, AG Grow in Emerald in late June and the Gunnedah AGQuip Field Day in August.
When attending trade shows, don’t forget to have your Equipment Finance Calculator on your phone or pre-arrange your finance.
John Deere Equipment Product Enhancements
One of the leading manufacturers of excavation equipment, John Deere has revealed a number of upgrades to its K series of dozers. These include slope control, tech upgrades, new track frames as well as a number of options. The slope control capability is reported to be included as a factory-integrated option for the 450K, 550K and 650K.
Reportedly ideal for those working on small sites, in road building, various agriculture applications and of course forestry, the feature assists the machine operator to grade smooth planar surfaces. Operators get real-time viewing of the cross slope and fall slope percentages on the monitor in the cab. They can then make the necessary adjustments to the blade through the controls.
Additional features including flip slope and button for increment and decrement adjustments. If the K series is of interest to you, speak with us about pre-approved cheap interest equipment financing before you discuss the price with your local JD dealer.
Kubota Goes Compact
If you operate in hard to access areas, on narrow access and other compact sites, then the SVL97-2 from Kubota could make your daily work a lot easier. This is a compact track loader with a cleaner engine, ergonomic cabin features, great lifting capacity and other upgrades on its predecessor.
We have finance available for all types of businesses, including small owner-operators, sole traders, contractors and those operating on an ABN-only basis. Refer to our finance calculator for rough estimates on repayments to assist your purchase plans.
Customers in Melbourne were treated to mini demo days with Husqvarna which included seeing the company’s new trench roller in operation. The LP9505 is a remote operation machine with automatic hydraulic brakes, radio control comms, closed drums and battery charger on-board.
The COVID-19 situation prevented many customers from seeing a demo of this new machine in person. If that includes you, contact the company to discuss details
Moving the Earth with Caterpillar
The Sydney Diesel Dirt and Turf Expo was the ideal scene for a Caterpillar customer to display his mini excavator, the 306CR. He uses it in building driveways, road maintenance, and many other small residential jobs.
With the upsurge in home improvements due to COVID-19, the work for a mini excavator is in demand with examples given as even digging areas for trampolines in backyards. With the housing construction sector recording excellent performance stats this year, upgrading your fleet with a new Cat mini could be a good move.
EOFY Equipment Loan Options
If you’re wanting to get your new machinery in place in this financial year, we can move quickly to source you a quote for:-
- Chattel Mortgage
- Equipment Hire Purchase
- Equipment Rental
For those looking to take advantage of temporary full expensing measures, Chattel Mortgage for Equipment is seen as the most appropriate form of finance and attract our cheapest interest rate.
Contact 1300 000 003 for a quote on your new machinery acquisitions
DISCLAIMER: IF MISINTERPRETATIONS, MISREPRESENTATION OR ERRORS EXIST IN THIS ARTICLE, NO LIABILITY IS ACCEPTED. THE INFORMATION IS PROVIDED ONLY FOR GENERAL PURPOSES AND NOT IN ANY MANNER INTENDED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADDITIONAL GUIDANCE OR ADVICE SHOULD REFER TO AN INDEPENDENT FINANCIAL ADVISOR.