InterPrac Leasing Newsletter-August 2007

Dear Member,

Welcome to the new financial year. The last twelve months have been certainly challenging with all the economic changes and its implications on the market. Rises in interest rates and drought have been a concern to the business community however our strong economy is not deferring businesses from investing in transport and equipment assets for growth purposes.

InterPrac, as a financial institution, and its staff are more committed than ever in providing the best service available to you and you valued clients. Our continuous discussions and negotiations with lenders and insurers will see more products and services available throughout this year.  

Stamp Duty Reductions
Earlier this year we announced that stamp duty on Leases and Hire Purchases had been abolished for Victoria, Queensland and WA.

The governments of New South Wales, the ACT and the NT have now followed and as of 1^st of July 2007, new and existing Lease and Hire Purchase contracts will no longer attract government stamp duty. This will have the affect of reducing monthly repayments on these types of finance.

For South Australia some stamp duty changes for Leases and Hire Purchases on 1^st of July, although it is not being abolished entirely. Instead, the stamp duty rate is being reduced from 0.75% to 0.5%, and only for new Lease and Hire Purchase contracts.

Motor Vehicle Insurance:   
Motor vehicle Insurance is now available. We are concentrating on the Vehicle insurance only for the time being. This facility will see itself progress throughout the new financial year to Trucks and Equipment insurance products. We certainly are excited to be able to offer an additional service and hope this will add value to your practice as well.

Small Ticket Finance
A popular product amongst self employed people that have been running a business for two years or more and  are unable to show strong financials for asset finance on vehicles and equipment. Applications from $10,000 to a maximum of $20,000 can be automatically approved for such goods, all is required is 2 years in business or more, a total clear credit history, property owners and three business references. Goods are strictly to be purchased from recognised suppliers only.

Call 1800 700 666 for all your Asset Finance requirements. We are here to help.

Yours sincerely

Djamel Chettibi
National Leasing Manager
InterPrac Finance Services Pty Ltd
Ph: 1800 700 666
Fax: 1300 361 587
www.interprac.com.au