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#11
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If you want a newer car to use for personal then go for it - this does depend on the value of the vehicle allowance they are going to pay you.
Is the allowance equal to or greater than the finance repayments + running costs you expect to pay? A new ute would be under warranty etc so only running cost is rego and servicing - on a tractor that might be 2 services a year or get servicing included in the new car deal. using the Perth-WRX mobile app
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RS RA The more people I meet the more I like my Dog! 12.463 1/4 mile, not bad for an old school Liberty [DECEASED] MY08 Liberty Tuned by STi |
#12
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So my issue is that I could buy an STi. In the long run it would cost me a fortune to have/run, compared to.
Free car is ok, I mean who complains about a free car right? , but the allowance would leave me approx $25 out of pocket each week for the loan repayment and the rego, insurance ill have to wear. But to my way of thinking, I'd have to pay all the above even if I went and bought an STi and kept the free car. Difference is I guess I can claim all the extra running costs back on tax as it will be a work vehicle. Correct me if I'm wrong but is that not the case?
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2016 Subaru Outback - Work Wagon 350NM of CVT Goodness Pit Crew, shit talker. |
#13
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Quote:
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2016 Subaru Outback - Work Wagon 350NM of CVT Goodness Pit Crew, shit talker. |
#14
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Pretty much
using the Perth-WRX mobile app
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RS RA The more people I meet the more I like my Dog! 12.463 1/4 mile, not bad for an old school Liberty [DECEASED] MY08 Liberty Tuned by STi |
#15
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Master D as private use is limited all you really need to do is keep substantiation for expenses for fuel, insurance etc and that would be claimable against the allowance. as they are supplying fuel card this would make it easy. Really though, I suspect the better way forward is to have the employer provide the dual cab as a Fringe Benefit and each year you sign off saying limited private use. Depends on your income and how its done. Talk to your accountant or accountants at your work place might be able to help too.
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#16
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Work supply single cab vehicles only, if I move up in the company I have to provide my own vehicle in which the above situation then applys, just the allowance increases.
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2016 Subaru Outback - Work Wagon 350NM of CVT Goodness Pit Crew, shit talker. |
#17
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You know what to do.
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[COLOR="Gray"]550Nm off a 2L... Just wish it was in the dak dak...[/COLOR] |
The Following User Says Thank You to Kato For This Useful Post: | ||
Master D (23-05-2014) |
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financing, options, vehicle |
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