In today’s market, where the cost of living continues to rise, making savvy purchasing decisions is more important than ever. When it comes to leisure assets like cars, caravans, and jet-skis, the question often arises: Should you buy new or opt for second-hand? While the allure of brand-new might be tempting, there are several compelling reasons why second-hand leisure assets are still a great investment.   1. Cost-Effectiveness One of the most significant advantages of buying second-hand is the immediate cost savings. New cars, caravans, and jet-skis often come with hefty price tags, not to mention the additional costs like taxes, registration, and insurance. By choosing second-hand, you can enjoy substantial savings, freeing up your budget for other experiences, such as travel or upgrades.   2. Depreciation Advantage Depreciation is a critical factor when considering the value of your leisure asset. New items lose value rapidly, but second-hand items have already taken this hit. This means when you buy second-hand, your asset’s value will remain more consistent, allowing you to potentially resell it later at a minimal loss. For assets like caravans and jet-skis, this can be particularly advantageous if you decide to upgrade or switch to a different model in the future.   Many second-hand leisure assets have already undergone the initial depreciation. For example, a new car can lose up to 20-30% of its value within the first year. By buying used, you avoid this steep depreciation, making the value of your car, caravan, boat or other leisure asset more stable over time.   3. Wide Range of Options The second-hand market is vast and diverse, offering a wider selection of models and types than you might find new. Whether you’re looking for a ready to tour 4wd, a retro-style caravan, or a high-performance jet-ski, the second-hand market often has exactly what you’re looking for, and often they are barely used! Additionally, older models may come with features that have been phased out in newer versions, giving you more flexibility in finding an asset that perfectly suits your needs.   4. Proven Durability Buying second-hand doesn’t mean sacrificing quality. Many leisure assets, especially those from reputable brands, are built to last. A well-maintained used car, caravan, or jet-ski can provide many years of enjoyment and reliability. Plus, with the availability of service histories and mechanical inspections, you can make an informed purchase knowing the asset’s condition and history.   5. Eco-Friendly Choice Opting for second-hand is also a sustainable choice. By reusing an asset, you’re reducing the demand for new manufacturing, which in turn lowers the environmental impact. This is especially true for vehicles like cars and jet-skis, where the production process involves significant resource use. Buying second-hand helps to minimise waste and promotes a more circular economy.   6. Easy Access to Financing At Set Up Finance, we understand that whether you’re buying new or second-hand, securing the right financing is key to making your purchase as smooth as possible. We offer tailored financing solutions that cater to both new and used leisure assets. Whether you’re eyeing a pre-owned car, a gently-used caravan, or a well-loved jet-ski, we can help you finance your purchase with competitive rates and flexible terms, just like we would for a new asset.   Financing a second-hand asset can be particularly advantageous, as the lower purchase price often means smaller loan amounts and potentially quicker repayment periods. Plus, with our expertise in financing leisure assets, you can rest assured that you’ll get a deal that works for your budget and lifestyle.   Buying second-hand leisure assets like cars, caravans, boats and jet-skis is not just a smart financial decision, but also a sustainable and practical one. With the right approach, you can find high-quality, reliable assets that bring joy and adventure into your life without breaking the bank. And with Set Up Finance by your side, getting the right financing has never been easier.   Ready to explore your options? Contact Set Up Finance today and let us help you turn your leisure dreams into reality. Contact us

When you’re planning a significant purchase, like a new caravan, car, campervan, or jet-ski, it’s crucial to have your finances in order. Pre-approval for finance offers numerous advantages, helping to streamline the purchase process for many leisure assets. Knowing your pre-approval limits helps you budget and purchase accordingly, which is especially helpful at lifestyle shows and expos, where you can view and explore different leisure assets like caravans.   Know Your Budget Pre-approval helps you understand your borrowing capacity. This means you can focus on options within your budget, avoiding disappointment from considering unaffordable choices. Knowing your budget can also help distinguish between repayments on different prices.     Strengthen Your Negotiation Position With pre-approval, you’re seen as a serious buyer. Dealers and sellers may be more willing to negotiate, knowing you are ready to purchase. This puts you in a stronger position to secure better deals and favourable terms, ultimately saving you money.   Save Time and Reduce Stress: Knowing your financial limits allows you to streamline your search. You can quickly eliminate options that don’t fit your budget, making your shopping experience more efficient and enjoyable.   Avoid Emotional Over-Investment Pre-approval helps you stay realistic about what you can afford. This prevents you from getting emotionally attached to a caravan or other leisure asset that’s beyond your means, reducing potential stress and disappointment. By understanding your financial boundaries, you can make rational decisions that align with your budget.   Speed Up the Purchase Process: Having your finance pre-approved means you can act quickly when you find the right caravan. With pre-approval in hand, you can make an immediate offer, increasing your chances of securing the caravan you want, at a competitive price.   Gain a Clear Understanding of Financing Terms Getting pre-approval means you don’t have to rush the finance process, giving you the time to get the right loan for your situation. Pre-approval also provides you with clarity on interest rates, loan terms, and repayment schedules. Knowing the details in advance helps you avoid surprises and ensures you’re comfortable with your financial commitments. Increase Your ConfidenceAttending a lifestyle or caravan show with pre-approval gives you the confidence to explore various models without financial uncertainty. You can engage with dealers, ask questions, and test out caravans knowing exactly what you can afford. This confidence empowers you to make decisions that align with your needs and preferences. Getting pre-approval for finance not only clarifies your budget but also enhances your buying power and confidence. Whether you’re eyeing a sleek new caravan or another leisure asset, pre-approval is your ticket to a smoother, more focused shopping experience. Chat with us at Set Up Finance about how we can help you on your journey to a more exciting and fulfilling life with a new leisure asset purchase. Contact us

As the End of Financial Year (EOFY) approaches, it’s the perfect time to upgrade your business equipment and take advantage of financial opportunities. Set Up Finance is here to help you secure the right loan while leveraging the Federal Government’s FY23-24 instant asset write-off scheme. This scheme allows businesses with an annual turnover under $10 million to claim immediate deductions on eligible assets each worth up to $20,000, if delivered and ready for use by June 30, 2024.   Why Consider EOFY Financing? EOFY financing provides a strategic advantage for businesses aiming to maximise their tax benefits and enhance operational efficiency. By investing in new equipment, you not only improve productivity but also benefit from significant tax deductions. This financial move can help in balancing the books and ensuring that your business starts the new financial year on a strong footing.   What Can You Finance? Our EOFY financing options cover a wide range of business assets, including:   ·      Construction Tools ·      IT Equipment ·      Machinery ·      Gardening and Agricultural Equipment ·      Coffee Machines ·      Medical and Manufacturing Equipment ·      Tailored Financing Solutions   At Set Up Finance, we understand that every business has unique needs. That’s why we offer personalised financing solutions designed to match your specific financial situation. Our process is streamlined and hassle-free, providing you with no obligation quotes and ensuring no impact on your credit file. We work with you to find the best possible deal, making it easier for you to focus on growing your business.   The Benefits of Acting Now Taking action before the EOFY deadline of June 30th means you can take full advantage of the instant asset write-off scheme. This can lead to significant tax savings and provide a much-needed boost to your cash flow. Additionally, upgrading your equipment can lead to improved efficiency and productivity, giving your business a competitive edge.   Don’t miss this opportunity to boost your business capabilities and enter the new financial year stronger than ever. Contact our friendly team at 1300 313 354 or visit our website for more details. Our experts are ready to assist you in navigating the financing process and ensuring you make the most of the available tax benefits.   Get in touch with us for comprehensive information specific to your situation. Contact us Terms and conditions apply. Please consult your accountant for eligibility and benefits under the instant asset write-off scheme.