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Sprint to Work in a Merc

Formula 1 Champion Lewis Hamilton drives a Mercedes-Benz for work, very fast. If you aspire to share something in common with the champ and appreciate German engineering excellence in your everyday work duties, then a Mercedes-Benz Sprinter Cab Chassis may be the drive for you. But of course, driven to the speed limits. Apart from status and prestige of being able to drive a Merc for work every day, the Sprinter offers buyers a great deal of versatility and functionality for a range of delivery and transport tasks.

The Sprinter range is available in multiple variations which makes it highly adaptable to many industry applications and potentially a highly attractive option for many business set-ups. Landscaping and building businesses needing to move materials such as sand and gravel. Bulky goods and general transport operators. Trades and service teams that need to take a load of gear and the crew from site to site. Small removals and handyman services. Agriculture and farming operators requiring to transport produce to market. Whatever you need to move, the Sprinter Cab Chassis could be the vehicle to suit.

The 4×4 long wheel base variant should be of particular interest to many of our Jade Truck Loans customers that are looking for something that offers similar features to a ute and can handle more rugged roadways than the urban bitumen.

Attractions of the Sprinter Cab-Chassis

For a start the Sprinter is available in both medium and long wheelbase and in either a single or a dual cab set-up. The tray allows for a load area of up to a generous 9.2 sq metres with 5 tonne GVM permissible. There is also a choice of either all-wheel drive or rear wheel drive so you’ve got plenty of boxes ticked.

As you would expect, your Sprinter is not short on tech with the advanced connectivity demanded by today’s busy operators. Engine-wise, the range includes the V6 diesel and in-line 4 cylinder which has 3 level of output.

As a Mercedes-Benz, the comfort and quality finishes are designed for the optimum driver experience. So you may not be taking your Merc on an F1 circuit, but you can still enjoy the experience of superb engineering and a touch of luxury in your own workspace.

Attractive Loan Options

An additional attraction to purchasing a Mercedes-Benz Sprinter Cab Chassis now, is the Instant Asset Write-Off measure which is due to expire in its current format on 31 December 2020. The IAWO was introduced by the Federal Government in March as a COVID-19 stimulus measure and the original deadline of 30 June was then extended to 31 December 2020.

This measure allows for eligible businesses to write-off eligible assets up to $150,000 and the price of a Sprinter Cab Chassis appears to come in within that range.

Jade Truck Loans provides support to businesses seeking to take advantage of IAWO, with our cheap Chattel Mortgage truck loan for that purpose. We also offer Rent to Own and Leasing for Sprinter purchasers, but these loan types would not be suited to realising the benefits of IAWO as they are off balance sheet options.

A discussion with your accountant is advised to determine which finance type will be of greatest benefit to your particular business set-up. While the IAWO has received widespread attention and many truck buyers would be keen to take advantage of what it has to offer, the taxation benefits of Rent to Own and Leasing may be even more attractive for your operation.

With Chattel Mortgage, the lender takes a mortgage over the truck as security against the loan with the truck entered on the balance sheet of the borrower. With Rent to Own and Leasing, the lender technically purchases the truck and leases/rents it back to the borrower. This means the asset is entered on the balance sheet of the lender. Hence the borrower cannot claim the depreciation.

There are also differences in the treatment of GST and tax deductions between these types of loans.

With Chattel Mortgage, the borrower can claim the full GST on the truck price on the BAS return immediately finalising the loan and taking ownership of the vehicle. With Leasing and Rent to Own, as the lender ‘owns’ the truck, they apply GST to the monthly payments and that is paid and claimed by the borrower at the time of payment. GST is not applied to interest.

With Rent to Own and Leasing, the repayments are considered an operating expense and as such are tax deductible. With Chattel Mortgage, only the interest portion of the repayment is tax deductible. But the Chattel Mortgage borrower has the tax benefit of the depreciation which is realised at the end of financial year accounts.

Securing Your Truck Loan

Whichever loan type is deemed most suitable for your business, you’re assured of Jade’s better interest rates as the foundation to build your cheap truck loan. Jade Truck Loans all also include fixed interest rates, fixed repayments and fixed loan terms to assist you cash flow and forward planning.

So if you want to head to work in a Merc, start your schedule with a loan discussion with Jade Truck Loans.

To discuss a cheap loan deal on a Mercedes-Benz Sprinter Cab Chassis, contact Jade Truck Loans on 1300 000 003

DISCLAIMER: ALL INFORMATION WHICH IS PRESENTED IN THIS ARTICLE IS INTENDED SOLELY FOR THE PURPOSE OF PROVIDING GENERAL INFORMATION. IT IS NOT UNDER ANY CIRCUMSTANCES INTENDED AS PROVIDING FINANCIAL ADVICE. FOR SPECIFIC FINANCIAL ADVICE ON INDIVIDUAL FINANCIAL CIRCUMSTANCES, READERS ARE ADVISED TO CONSULT WITH A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR INCORRECT OR OUT OF DATE DETAILS IN REGARD TO GOODS, SERVICES, POLICIES AND PROGRAMS MENTIONED IN THE ARTICLE. THE INFORMATION AND DATA QUOTED HAS BEEN SOURCED FROM PUBLICLY AVAILABLE SOURCES INCLUDING MANUFACTURER AND GOVERNMENT WEBSITES.

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