[QUOTE=fobz]Make sure you run the numbers. Depending on the k's you do it can
sometimes workout more expensive. Also consider that if you buy a nice car and do it up, then depending on the lease you may be forced to sell it after 3 years. Nothing worse than spending $$$ on a finance companys car.[/QUOTE] my deal with autopia gives me a roll-over option after initial lease period at bluebook value. This is the beauty of buying the STI! I have taken a 2 year lease and paid a higher monthly payment, but the way things look at the moment with value of MY06 STI, I should book a tidy $$ on changeover and pick out another STI, EVO X, anything under the luxury tax threshold of $62,100. Please note: I will be taking my few mods off and offering for sale in September 07. |
[QUOTE=BigC]Yeah unless you do over 25,000km a year it doesn't work out that much cheaper. But yeah do the math and see how u go :) Just make sure they will let u mod it :D[/QUOTE]
You designate how many miles you are going to drive and they calculate on that. PM me if you want opinion about the modding ? ;) |
anyone have a spreadsheet template already done up? :)
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As said before, you have to do more than 25,000 km per FBT year (April to March the following year) to get any benefit for motor vehicle. You can also package superannuation.
Here is a calculator from McMillan Shakespear [url]https://www.msa-online.com.au/CalculatorSP.asp[/url] |
I only did 9000km this year.....but I work on a mine......not worth it for me.
maybe if I drove to site (1600km at least every 2 weeks...fmx_rider help me out on this one) could I get a new STi every year and be financially on top???!!! You may choose to ignore this post. |
[QUOTE=SIR WRX @ WA]As said before, you have to do more than 25,000 km per FBT year (April to March the following year) to get any benefit for motor vehicle. You can also package superannuation.
Here is a calculator from McMillan Shakespear [url]https://www.msa-online.com.au/CalculatorSP.asp[/url][/QUOTE] With my novated lease my budgeted km for the year is 20,000 using statuartory method for FBT. The minimum I have to achieve is 15,000 km in year. |
Mines through MSA as well. Work doesn't pay the FBT so make employee contributions. This works out on 15000KM a year 1/2 is pre tax and the other half is post tax.
Probably don't come out much in front but would still have the MY98 if it wasn't for the lease. They did say I could package any mods, stereo etc and then do it at any time during the lease but didn't decide to do it till after I had the car so Have to pay for it myself. At the end of the lease I MUST either buy the car or re-lease it. I can swap it for a new one but you are buying it to sell it not really trading it. |
nice, always wondered but never been bold enough to follow it through i guess.
Anyone know if its possible to transfer a loan to a lease ? Have requested some info like wato as well. At best ill come out ahead at worst ill do it for the next car :) |
[QUOTE=saturation]nice, always wondered but never been bold enough to follow it through i guess.
Anyone know if its possible to transfer a loan to a lease ? Have requested some info like wato as well. At best ill come out ahead at worst ill do it for the next car :)[/QUOTE] From my initial enquiries the lease company buys your car off you. This is the bit where I start to wonder where the 3rd party makes their money... |
[QUOTE=saturation]nice, always wondered but never been bold enough to follow it through i guess.
Anyone know if its possible to transfer a loan to a lease ? Have requested some info like wato as well. At best ill come out ahead at worst ill do it for the next car :)[/QUOTE] With MSA if it is less than 7 years old you can do it. Effectively you just refinance it. More than likely the loan will be more expensive per month but since you pay a proportion of it out of pre tax money it ends up cheaper. You wan to be sure you are going to keep your job or that wherever else you go will take on your lease otherwise it gets expensive quickly. |
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