Quote:
Originally Posted by CAELBLUE1
AB, I have a novated lease on my JKU and I added about 15k of extras to my package to keep it just under the luxury car tax. This is my 5th leased vehicle and each year the govt is making it less attractive. You really need to get independent financial advice.
If you need a new/replacement vehicle then yes consider it. If you earn decent coin then yes consider it. Have a long hard look at your take home pay after packaging and remember to budget with what's left bearing in mind the length of the package (mine is 48 months).
Novated leasing even with the current rules, works well for me. Get independent financial advice as everyone's situation is different.
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Hi A/B,
Ive had Novated leases for last 15ish years, & they work well for me.
Im a Rep on the road, I do a lot of KLM,s, & for the last 7 years I have been at TJM, so yes Im adding heaps N heaps of accessories (for display reasons).
we also fit out heaps of new vehicles for dealerships that are being bought as a Novated lease.
with accessories on a novated lease, its easier to get them on the lease at the time of purchase as it is very hard to get them to pay for it after unless you can get someone to wright it up as servicing or repairs.
Ive currently got a JK with the works, my next tourer will be the Grand larado V6 dsl, Im waiting for the release of our new T17 bull bar first, it will have T17 bar, winch, 3" lift, 33" tyre wheel package, roof racks, foxwing awning, custom rear wheel carrier so I can mod the spare wheel bay for dual batterys, compressors ect & a fridge slide over it, & they will all be added to the lease.
another advantage of Novated Leases is that you can either use the car as a trade or you can buy it for the residual owing.
remember when you enter a lease you are purchasing a car Tax free $$$,
& the company puts in nearly 1/2 of the lease as tax free $ from your wage, so it is really only costing you just over 1/2 as the rest you would never see anyway.
at the end of the lease the car will not be payed out fully, there will be a residual left to pay. This will either be taken out of the trade in on the next rig or you have the option to buy it out-rite & sell it privately & make some coin. eg I bought my last car for the residual of $6k & got twice that amt as a trad-in for my wifes new car & saved heaps.
there are some good Novated lease companies in Briz,
Im currently using a company called Fincar based in sydney, I find their rates good, but compare a few, & dont just lock yourself into 1 straight up, fight them off against each other, tell them what car you want, what color, what accessories, what klm,s (roughly) so they can work out the service plan, fuel amts & tyres & where you need it serviced ect then sit back & let them fight it out for the best deal.
my last Nissan came from Tamworth, as thats who won the tender at the best $$$ threw the lease company.
hope this helps,
you can call me if you want to chat about it to get more info if you want .
cheers Piggy.
0411444897.
