Posted in Bigbox Best Buys
Published Fri May 31 2024
Choosing the right vehicle is a crucial decision for small business owners. Whether you need a car for deliveries, client meetings, or transporting equipment, having a reliable and cost-effective vehicle can make a significant difference in your operations. In Australia, small businesses can benefit from tax deductions for vehicles used for business purposes, making it even more attractive to invest in a good car.
While some business owners prefer to buy a brand-new vehicle, opting for a pre-owned car is also a smart choice. It often provides the same benefits at a lower price. Below are some of the best cars under $30,000, ideal for small businesses.
The MG HS Vibe is a standout in the affordable SUV category. It offers ample interior space, a smooth ride, and a suite of safety features including adaptive cruise control, lane-keeping assist, and a 360-degree camera. The MG HS Vibe is perfect for business owners who need to transport goods or equipment regularly. Its modern design and comfortable cabin also make it suitable for client meetings.
For those who prioritize affordability and practicality, the MG MG3 Core is an excellent option. This small hatchback is known for its low running costs, decent fuel efficiency, and easy maneuverability in urban settings. Its compact size makes parking a breeze, which is a significant advantage for businesses operating in cities.
The Kia Stonic S is a compact SUV that combines style and functionality. It offers a raised driving position, which many drivers find beneficial for visibility. The Stonic S comes with a range of standard features including Apple CarPlay and Android Auto, making it a tech-savvy choice. Its fuel efficiency and spacious boot make it ideal for business use.
Mazda’s CX-30 G20 Evolve offers a blend of luxury and practicality at an affordable price. Its stylish design, high-quality interior, and advanced safety features make it an attractive option for business owners. The CX-30 provides a smooth and comfortable ride, ensuring a professional appearance when meeting clients.
The Mazda CX-5 from 2017 to 2020 is a reliable pre-owned option that offers exceptional value. Known for its strong performance, spacious interior, and advanced safety features, the CX-5 is a versatile vehicle suitable for various business needs. Its robust design ensures it can handle both urban and rural business operations.
The Toyota Corolla Ascent Sport Hybrid is a top choice for those looking to minimize their environmental footprint while enjoying excellent fuel economy. This hybrid vehicle offers a comfortable ride, advanced safety features, and the reliability Toyota is known for. It's ideal for business owners who travel frequently and want to reduce fuel costs.
For a more budget-friendly option, the 2019 Toyota Corolla Ascent Sport is a great choice. It provides a good balance of performance, comfort, and technology. Its reliable engine, spacious interior, and user-friendly infotainment system make it a practical vehicle for daily business use.
The Hyundai i30 is a versatile hatchback that offers excellent value for money. With its comfortable interior, advanced safety features, and efficient engine, the i30 is well-suited for small business owners. Its compact size and responsive handling make it perfect for navigating through busy city streets.
In Australia, small businesses can claim tax deductions for vehicles used for business purposes under certain conditions. The Australian Taxation Office (ATO) allows businesses to claim deductions for the depreciation of the vehicle, running expenses such as fuel, maintenance, insurance, and registration. The instant asset write-off scheme also enables eligible businesses to claim an immediate deduction for the business portion of the cost of the vehicle, up to a threshold.
To maximize tax benefits, it's essential to maintain accurate records of all expenses and the proportion of business use. Consulting with a tax professional can help ensure compliance with ATO regulations and optimize your tax deductions.
Whether opting for a new or pre-owned vehicle, small business owners have several excellent options under $30,000. Each of these vehicles offers unique advantages, from fuel efficiency and advanced safety features to spacious interiors and modern technology. By choosing the right car, you can enhance your business operations, improve efficiency, and even take advantage of tax benefits in Australia.
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