Latest news with #Plenti
The Advertiser
12-08-2025
- Automotive
- The Advertiser
Cadillac deals bring savings of up to $16,000
Deals are being offered on the Cadillac Lyriq, including a lower comparison rate for buyers who finance the electric SUV plus substantial discounts. The offers are available until September 30, 2025, unless extended, and while stocks last. All offers require you to take delivery of a Lyriq by November 30. Cadillac Australia is offering, through lender Plenti, a comparison rate of 1.99 per cent per annum over a term of up to 48 months, and with no balloon payment. The US luxury brand is also offering Lyriqs with the combined value of on-road costs and Luxury Car Tax (LCT) taken off the total drive-away price. CarExpert can save you thousands on a new car. Click here to get a great deal. That means buyers will not only avoid paying the value of the LCT, they also won't pay for the cost of stamp duty, registration and Compulsory Third Party (CTP) insurance. The Lyriq drive-away price therefore is brought down to $114,935 for the Luxury, or $116,473 for the Sport. On-road costs vary between each state and territory. Here's how much you can save depending on where you live: Cadillac already offers either a complimentary home charger or three years of free public charging when you buy a Lyriq, plus five years of free servicing. It says if you order a new Lyriq, you can take delivery in September. However, the company also has a selection of inventory on its website, featuring discounts of up to $15,424. Cadillac started local deliveries in Australia early this year and sells vehicles through an agency model, whereby it owns its own stock and sells it at a fixed price, much like fellow luxury brands Mercedes-Benz and Genesis. By eschewing the traditional dealer franchise model employed by Audi and BMW, it means the retail network is destined to expand much more slowly. Cadillac has just one retail location at present – located in Sydney – with a second location opening later this year in Brisbane. The brand isn't yet reporting its monthly sales numbers via VFACTS, and has confirmed it doesn't plan to do so this year – unlike fellow General Motors brands Chevrolet and GMC, which are sold through the GM Specialty Vehicles dealer network. Cadillac isn't the only brand offering deals in this segment. Audi is offering its rival Q6 e-tron with a zero per cent per annum comparison rate, also until September 30, while Mercedes-Benz is advertising EQE SUVs on its website with savings of between $24,735 and $27,956. MORE: Explore the Cadillac Lyriq showroom Content originally sourced from: Deals are being offered on the Cadillac Lyriq, including a lower comparison rate for buyers who finance the electric SUV plus substantial discounts. The offers are available until September 30, 2025, unless extended, and while stocks last. All offers require you to take delivery of a Lyriq by November 30. Cadillac Australia is offering, through lender Plenti, a comparison rate of 1.99 per cent per annum over a term of up to 48 months, and with no balloon payment. The US luxury brand is also offering Lyriqs with the combined value of on-road costs and Luxury Car Tax (LCT) taken off the total drive-away price. CarExpert can save you thousands on a new car. Click here to get a great deal. That means buyers will not only avoid paying the value of the LCT, they also won't pay for the cost of stamp duty, registration and Compulsory Third Party (CTP) insurance. The Lyriq drive-away price therefore is brought down to $114,935 for the Luxury, or $116,473 for the Sport. On-road costs vary between each state and territory. Here's how much you can save depending on where you live: Cadillac already offers either a complimentary home charger or three years of free public charging when you buy a Lyriq, plus five years of free servicing. It says if you order a new Lyriq, you can take delivery in September. However, the company also has a selection of inventory on its website, featuring discounts of up to $15,424. Cadillac started local deliveries in Australia early this year and sells vehicles through an agency model, whereby it owns its own stock and sells it at a fixed price, much like fellow luxury brands Mercedes-Benz and Genesis. By eschewing the traditional dealer franchise model employed by Audi and BMW, it means the retail network is destined to expand much more slowly. Cadillac has just one retail location at present – located in Sydney – with a second location opening later this year in Brisbane. The brand isn't yet reporting its monthly sales numbers via VFACTS, and has confirmed it doesn't plan to do so this year – unlike fellow General Motors brands Chevrolet and GMC, which are sold through the GM Specialty Vehicles dealer network. Cadillac isn't the only brand offering deals in this segment. Audi is offering its rival Q6 e-tron with a zero per cent per annum comparison rate, also until September 30, while Mercedes-Benz is advertising EQE SUVs on its website with savings of between $24,735 and $27,956. MORE: Explore the Cadillac Lyriq showroom Content originally sourced from: Deals are being offered on the Cadillac Lyriq, including a lower comparison rate for buyers who finance the electric SUV plus substantial discounts. The offers are available until September 30, 2025, unless extended, and while stocks last. All offers require you to take delivery of a Lyriq by November 30. Cadillac Australia is offering, through lender Plenti, a comparison rate of 1.99 per cent per annum over a term of up to 48 months, and with no balloon payment. The US luxury brand is also offering Lyriqs with the combined value of on-road costs and Luxury Car Tax (LCT) taken off the total drive-away price. CarExpert can save you thousands on a new car. Click here to get a great deal. That means buyers will not only avoid paying the value of the LCT, they also won't pay for the cost of stamp duty, registration and Compulsory Third Party (CTP) insurance. The Lyriq drive-away price therefore is brought down to $114,935 for the Luxury, or $116,473 for the Sport. On-road costs vary between each state and territory. Here's how much you can save depending on where you live: Cadillac already offers either a complimentary home charger or three years of free public charging when you buy a Lyriq, plus five years of free servicing. It says if you order a new Lyriq, you can take delivery in September. However, the company also has a selection of inventory on its website, featuring discounts of up to $15,424. Cadillac started local deliveries in Australia early this year and sells vehicles through an agency model, whereby it owns its own stock and sells it at a fixed price, much like fellow luxury brands Mercedes-Benz and Genesis. By eschewing the traditional dealer franchise model employed by Audi and BMW, it means the retail network is destined to expand much more slowly. Cadillac has just one retail location at present – located in Sydney – with a second location opening later this year in Brisbane. The brand isn't yet reporting its monthly sales numbers via VFACTS, and has confirmed it doesn't plan to do so this year – unlike fellow General Motors brands Chevrolet and GMC, which are sold through the GM Specialty Vehicles dealer network. Cadillac isn't the only brand offering deals in this segment. Audi is offering its rival Q6 e-tron with a zero per cent per annum comparison rate, also until September 30, while Mercedes-Benz is advertising EQE SUVs on its website with savings of between $24,735 and $27,956. MORE: Explore the Cadillac Lyriq showroom Content originally sourced from: Deals are being offered on the Cadillac Lyriq, including a lower comparison rate for buyers who finance the electric SUV plus substantial discounts. The offers are available until September 30, 2025, unless extended, and while stocks last. All offers require you to take delivery of a Lyriq by November 30. Cadillac Australia is offering, through lender Plenti, a comparison rate of 1.99 per cent per annum over a term of up to 48 months, and with no balloon payment. The US luxury brand is also offering Lyriqs with the combined value of on-road costs and Luxury Car Tax (LCT) taken off the total drive-away price. CarExpert can save you thousands on a new car. Click here to get a great deal. That means buyers will not only avoid paying the value of the LCT, they also won't pay for the cost of stamp duty, registration and Compulsory Third Party (CTP) insurance. The Lyriq drive-away price therefore is brought down to $114,935 for the Luxury, or $116,473 for the Sport. On-road costs vary between each state and territory. Here's how much you can save depending on where you live: Cadillac already offers either a complimentary home charger or three years of free public charging when you buy a Lyriq, plus five years of free servicing. It says if you order a new Lyriq, you can take delivery in September. However, the company also has a selection of inventory on its website, featuring discounts of up to $15,424. Cadillac started local deliveries in Australia early this year and sells vehicles through an agency model, whereby it owns its own stock and sells it at a fixed price, much like fellow luxury brands Mercedes-Benz and Genesis. By eschewing the traditional dealer franchise model employed by Audi and BMW, it means the retail network is destined to expand much more slowly. Cadillac has just one retail location at present – located in Sydney – with a second location opening later this year in Brisbane. The brand isn't yet reporting its monthly sales numbers via VFACTS, and has confirmed it doesn't plan to do so this year – unlike fellow General Motors brands Chevrolet and GMC, which are sold through the GM Specialty Vehicles dealer network. Cadillac isn't the only brand offering deals in this segment. Audi is offering its rival Q6 e-tron with a zero per cent per annum comparison rate, also until September 30, while Mercedes-Benz is advertising EQE SUVs on its website with savings of between $24,735 and $27,956. MORE: Explore the Cadillac Lyriq showroom Content originally sourced from:
Canberra Times
06-08-2025
- Automotive
- Canberra Times
Tesla offers big incentives after 65 per cent sales slump
To receive the Lending Incentive, which will also come in the form of a reduced purchase price and in this case applies to both new and demonstrator Model Y vehicles, borrowers must order and apply for finance through a Tesla Preferred Financier, Plenti or Westpac Banking Corporation by September 26.
Yahoo
21-05-2025
- Business
- Yahoo
Plenti Group Ltd (ASX:PLT) Full Year 2025 Earnings Call Highlights: Strong Growth and Strategic ...
Release Date: May 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Plenti Group Ltd (ASX:PLT) achieved a 126% increase in cash impact, reaching $13.8 million. The company reported a 19% growth in its loan book, with a total of $2.5 billion. Plenti successfully launched the NABPowerBuy Plenty car loan and a subvention deal with Tesla, showcasing strong partnerships. The renewable loan book grew significantly, driven by strong relationships and high battery uptake, with an 18% increase in originations. Plenti's proprietary technology platform enables fast, simple, and efficient customer journeys, contributing to operational efficiency and growth. The company's cost to income ratio, although improved, remains a focus area, with a reduction to 23.9%. Plenti's reliance on external funding sources, such as ABS issuance, poses a risk if market conditions become unfavorable. The NAB loans do not appear on Plenti's balance sheet, affecting key metrics like NIM and income. The competitive lending market may pressure Plenti's margins, requiring differentiation through technology and partnerships. Potential short-term demand fluctuations in the renewables sector due to government rebate schemes could impact growth. Warning! GuruFocus has detected 8 Warning Signs with ASX:PLT. Q: How rational is the Australian lending market at the moment, and how do you see NIM developing while you grow originations further this year? A: Unidentified_3: The market is competitive, and while NIMs have stabilized post-interest rate adjustments, we focus on profitable growth rather than just expanding NIMs. Our strategy is to differentiate through technology and relationships to maintain solid margins while driving growth. Q: Do the NAB powered by Plenty loans appear on your balance sheet? If not, how will they affect your key metrics of NIM and income? A: Unidentified_3: No, NAB loans are not on our balance sheet as they are funded by NAB. They contribute to our originations and loan book metrics but not to NIM. The profitability from NAB loans is reflected as other income, and we may provide more detailed disclosures in the future. Q: Have the challenges to the credit market in April affected your ability to issue new ABS? How do you see the risk of not being able to raise new ABS going forward? A: Unidentified_3: There was a temporary dislocation in the credit markets, but it has stabilized. We are currently executing an ABS deal, and Australian credit remains attractive to global investors. While margins may not return to pre-US tariff announcement levels, we are not overly concerned about our ability to issue ABS. Q: What are the key drivers for growth of 15% versus 30% in the illustrative loan book scenarios? A: Unidentified_2: We focus on profitable growth by deepening broker relationships, leveraging partnerships with NAB, Tesla, and Cadillac, and exploring new strategic partnerships and adjacent verticals. Our goal is to maintain and grow our current growth rate, aiming for a $3 billion loan book by March 2026. Q: With the new 30% battery rebate in the federal budget, how is Plenty planning to take advantage of the expected growth in home energy finance? A: Unidentified_2: We plan to deepen relationships with installers and leverage our proprietary technology like Greenect to differentiate ourselves. We expect the rebate to drive consumer interest in solar panels and batteries, and we are well-positioned to capture a fair share of this market. Q: At what stage in the future would Plenty consider paying dividends? A: Unidentified_3: Dividend discussions are ongoing and depend on the company's growth rate and capital utilization. As our loan book and profitability grow, generating more positive operating cash flows, the board will consider allocating funds between returning capital and supporting loan book growth. Q: How do the recent RBA rate cuts benefit Plenty's profitability? A: Unidentified_3: As a fixed lender, our pricing is more influenced by swap rates. Recent RBA rate cuts have led to lower swap rates, benefiting our cost of funds. Additionally, lower rates improve consumer credit positions and confidence, positively impacting demand for consumer credit. Q: Can your tax losses be used by a potential acquirer? A: Unidentified_3: While not a tax lawyer, I suspect there are conditions like the same business test and continuity of ownership that would need to be met. We have $20.1 million of tax losses available, and as we generate consistent profitability, we are nearing the end of utilizing these losses. Q: What's the margin on the revenue from NAB loans? How much drops to the bottom line for Plenty? A: Unidentified_3: We don't disclose specific numbers, but the cost base for NAB loans is similar to our standard loans. The margin starts in the 40s to 50s and can increase over time, depending on volume and operating efficiency. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
