EOFY 2025: How to Maximise Your $20K Asset Write-Off Before June 30

Intro: EOFY is just around the corner, and at Advance Lending Australia, we’re all about helping business owners make smart moves that pay off.

If you’ve considered upgrading your vehicle, buying new equipment, or investing in tools that make your job easier, the $20,000 instant asset write-off could be your golden ticket. However, time is ticking—assets must be installed and ready to use before June 30, 2025, to qualify.

What Is the $20K Instant Asset Write-Off?

The instant asset write-off allows eligible businesses to claim an immediate deduction of up to $20,000 for each asset purchased and used for business before EOFY.

In simple terms: Buy now, use it before June 30, and you could claim the full value this financial year.

Who’s Eligible?

If your business has a turnover of less than $10 million, and the asset is used for income-producing purposes, you’re likely eligible. But always check with your accountant to be sure.

If you’re unsure where to start, we can point you in the right direction.

What Can You Claim?

Here are some of the most common purchases we’re helping our clients finance right now:

• Work vehicles like utes, vans, and trucks

• Construction equipment and tools

• Technology and office gear

• Business machinery

  
  

And yes—you can still claim the write-off if you finance the asset.

How Advance Lending Australia Can Help

At ALA, we specialise in structuring fast, flexible finance that works for you—not the banks.

We:

• Work with over 60 lenders

• Tailor every deal around your cash flow and goals

• Offer low-doc and no-deposit options

• Move quickly so you don’t miss the EOFY deadline

  
  

Whether you're a sole trader or running a growing team, we ensure your finance solution aligns with your business needs and tax strategy.

Bonus EOFY Offer: Save 10% on Trucks with Heavy Vehicle Services

We’ve teamed up with our mate Daniel at HVS Truck Sales to bring ALA clients something extra this EOFY:

🚛 10% off all truck purchases when you buy and finance through Advance Lending Australia.

From tippers to trays, we’ll help you lock in the right vehicle—at the right price—before June 30.

Let’s Make It Possible!

EOFY can be stressful, but with the right team, it doesn’t have to be.

Whether you’re chasing a truck, a digger, or just need help making sense of your options, we’ve got your back.

📞 Call us on 1300 300 770 or contact us online today.

Let’s make EOFY 2025 work for you.