Thread: novated lease/taxation question, for a dumbass
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Old 03-02-2012, 08:51 AM
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Quote:
Originally Posted by thebish View Post
is there an age limit of the car at end of lease?

from memory its 7 years? does that affect your plan?

changes in the rules mean you no longer have to do bulk k's

BUT I did it a while back, (not leaseback tho) halfway through my personal situation changed and to get out it cost me $7k in cold hard cash

thb its not worth the hassle, even if it frees up cash to offset your mortgage

thats just my opinion, once bitten and all that
its max 9yrs old at the end of the term, so since my car is a 2010 that is no issue.
good to know about the kays, we would do 10 to 15k max a yr now
cheers
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