Dagabond Bored Member Administrator 35,722 Member For: 22y 1m 8d Gender: Male Location: Dé·jà vu Posted 30/08/09 10:29 PM Share Posted 30/08/09 10:29 PM It's just the way the government have made it sound.... Link to comment Share on other sites More sharing options...
SHOCK Team Grandpa Donating Members 1,921 Member For: 18y 7m 22d Gender: Male Location: Hunter Valley Posted 31/08/09 04:50 AM Share Posted 31/08/09 04:50 AM Ok.....need advise and I have read though all 6 pages I probably differ a bit here because Im about to purchase an acreage property and need my salary to be as high as possible for the banks.I was told by the bank that they do not just add 15k say to your salary if you have a FMCV...it is more like 5k.So I guess a novated lease would see droping my borrowing power.With the company Im talking to they will give you car allowance maybe 15k-18k(unlike high roller Buf)Im in the second highest bracket 80-180kSo is my best option now HP and claim interest, Kms(will do 25k+) and "repairs" as will be used approx 90% for work.How far can you go claiming comsumables like tyres and servicing?The company has deals with Toymotor not Ford so the discount wont apply eitherBuf might be able to answer this best as he was the closest to this situation.Hope you can helpcheersShock Link to comment Share on other sites More sharing options...
ronburgundy I love gooold member Donating Members 1,222 Member For: 15y 11m 19d Gender: Male Location: Melbourne (west) Posted 31/08/09 09:51 PM Share Posted 31/08/09 09:51 PM Mate usually a letter from your employer will confirm your salary package (thus maintaining your borrowing power)Otherwise if you have a high business use you can get the same outcome (tax-wise) if you buy it yourself in after-tax dollars as you can with salary packaging. Only difference is, unless you are personally registered for GST, you miss out on claiming the GST where your employer otherwise would if it was packaged. Link to comment Share on other sites More sharing options...
bradles024 Donating Members 1,145 Member For: 15y 1m 8d Gender: Male Posted 10/06/10 06:48 AM Share Posted 10/06/10 06:48 AM Im 19 and on 35k per year... I do 42,000km's a year and own a XR6T ute.. Well worth it for me!!You do 40 thou+ km a year, and your 19, so I'm assuming your on P plates? How the hell do you get away with this? Link to comment Share on other sites More sharing options...
tab Sucker Moderating Team 32,303 Member For: 20y 7m 27d Gender: Male Location: Brisbane Posted 10/06/10 07:58 AM Share Posted 10/06/10 07:58 AM The restrictions aren't uniform between states/territories. Link to comment Share on other sites More sharing options...
bradles024 Donating Members 1,145 Member For: 15y 1m 8d Gender: Male Posted 10/06/10 08:09 AM Share Posted 10/06/10 08:09 AM I thought they were now? My bad. Link to comment Share on other sites More sharing options...
power_slide Hitting the apex Donating Members 596 Member For: 16y 2m 4d Gender: Male Location: Miranda Posted 17/08/10 09:27 AM Share Posted 17/08/10 09:27 AM G'day guysJust wondering what lease payments would be on a $50,000 carMaybe with a 50 or. 30% residualCheers Link to comment Share on other sites More sharing options...
riki83 Silver Donating Members 384 Member For: 14y 10m 4d Gender: Male Location: Kellyville, Sydney Posted 17/08/10 09:39 AM Share Posted 17/08/10 09:39 AM 150 per week, you selling up Link to comment Share on other sites More sharing options...
ronburgundy I love gooold member Donating Members 1,222 Member For: 15y 11m 19d Gender: Male Location: Melbourne (west) Posted 17/08/10 09:49 AM Share Posted 17/08/10 09:49 AM depends on how long you want to lease it for and how much residual you want to have. Maybe try looking for LEASE CALCULATOR at Google... Oh and it also depends on the interest rate! You'll generally pay a higher rate on a car that is more than 4 years old too Link to comment Share on other sites More sharing options...
power_slide Hitting the apex Donating Members 596 Member For: 16y 2m 4d Gender: Male Location: Miranda Posted 17/08/10 10:01 AM Share Posted 17/08/10 10:01 AM Keeping the car riki, I just bought it out of the lease with my company but I need to work out what the payments would be on a new one to charge back to the other company I work for. It's either I charge it back or get a new car and I would prefer to keep driving the bf Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now