I'm good for that. Can we take away the subsidies for ICE cars too then? Instant asset depreciation, Dodgy FBT exemptions, excise rebated (11 billion) etc etc. The federal government spends just uder 14.5 billion a year on "fuel security".
FYI the biggest incentive for EV's in australia by far is the FBT tax exemption. It's costing 1.35 billion they have stated.
Yep, bring it on I would say.
2005 Defender 110
If I just kept a car for the occasional local trip, bunnings run on sunday... things would be different. In the last 2.5 years I've done 15k. 2x double desert trips at 5k each, and a couple weeks on Fraser that's about 1500-2000.
On top of normal oils, belts and little thigns... some of the big items... Koni shock absorbers, underbody spray, ashcroft ATB, ECU upgrade (that was discretionary), AC compressor, Cranking and lithium battery install, tow controller, New brakes, new clutch, new clutch fan, fuel pump, fuel tank. If you go back 6 months before that, there were swivel ball replacements. It's been a tough couple of years. If it was a city defender that list would have been a lot shorter. Probably no list at all. Some of these things are just time based unfortunately. Given the majority of it's use is remote, I need to do what I can to maximise my chances.
PS this year will be a BIG year for the car. We will do 15k this year. 10 to wa and back plus another double desert. Might be three desert crossings this year if I get a madigan on the way back from WA. Everyone needs a hobby.
So I'll concede that comaring it to a city car isn't really fair. Either electric or ICE.
2005 Defender 110
I'm typing this carefully, and slowly, for you.....
You claimed your post proved the secondhand market for EV's but.......you don't know if the vehicles actually sell and, if so, you have no idea what they actually sell for.
You've shown that 'potentially' a secondhand Tesla is worth more than a completely different category of ICE vehicle. Comparing apples & oranges for some strange reason.
What will be interesting 'down the track' will be to see if there's a secondhand market for Chinese EV's.
Colin
'56 Series 1 with homemade welder
'65 Series IIa Dormobile
'70 SIIa GS
'76 SIII 88" (Isuzu C240)
'81 SIII FFR
'95 Defender Tanami
Motorcycles :-
Vincent Rapide, Panther M100, Norton BIG4, Electra & Navigator, Matchless G80C, Suzuki SV650
Sigh.
Carsales is full of dreamers. I agree. I'm sure there are just as many Disco dreamers as tesla dreamers.
That's why rather than just having a look at a selection of Teslas and Discos and trying to average it out I chose to use the Redbook valuation data which is provided for free through carsales. That's why I got it off the carsales portal. When I used to work for a fleet company they used to have little books with all the cars provided by redbook and it costs a motza.
Redbook might not be perfect but it's the industry standard. It's based on auction sales and other data and not what private sellers dream up. When the insurance company quotes "market value" it's usually redbook. I've been completely tranparent on how I produced the data.
Here you go.. go knock yourself out. Note the "powered by redbook" down the bottom.
Value My Car — Free Online Car Valuation - carsales.com.au
I love this thread. I provide stuff like this. And people just say "no.. that's rubbish. I refuse to accecpt this reality".
2005 Defender 110
Interesting that any search for subsidies for ICE cars returns nothing. FBT stuff applies to every car that is in the bracket. Try and get it on a Corolla. But a similar size EV attracts the subsidy. All new or demonstrator EVs do, up to the luxury car threshold. Your argument makes no sense.
JayTee
Nullus Anxietus
Cancer is gender blind.
2000 D2 TD5 Auto: Tins
1994 D1 300TDi Manual: Dave
1980 SIII Petrol Tray: Doris
OKApotamus #74
Nanocom, D2 TD5 only.
I think he is talking about work vehicle subsidies ... which is just stupid. These are vehicles that are helping build our country. Are actually doing work. Not helping fund toys for rich people that want to display there "green credentials" to the world.
There is nothing wrong with electric cars, anyone that wants one, is more than welcome to go buy one. Its just nuts creating mandates and freebies so the wealthy can buy them. We are just transfering the wealth from people that can't even afford a new car, to the people that can afford new cars.
Proper cars--
'92 Range Rover 3.8V8 ... 5spd manual
'85 Series II CX2500 GTi Turbo I :burnrubber:
'63 ID19 x 2 :wheelchair:
'72 DS21 ie 5spd pallas
Modern Junk:
'07 Poogoe 407 HDi 6spd manual :zzz:
'11 Poogoe RCZ HDI 6spd manual
I am shocked by the low prices for RRS and D3-4 . Maybe the word has spread about exploding engines!
How about comparing a Land Cruiser 200 or 300 to a Tesla.
I noted a 2018 RRS a couple of days ago for $40K. I paid $40K for my 2018 Everest a couple of years ago. The new prices were vastly different.
There was a D5 for a very low price also AFAIR 28K.
So to me comparing one of the worst retained value cars in the market to a relatively popular Tesla model is bogus. Maybe a model 3 if any are sold used!
Regards PhilipA
Now we're thinking!
A landcriuser sahara from 2015 Was also about $110k new. .. the redbook value is currently $76,600 - $83,000. Golly that's waaaay better than the Discovery and the Tesla. It shows the landcruiser is the positive case and the Disco is the bad case. I might cross post this in the Ineos thread.
It shows that blanket assertions that "all EV's will be worth nothing" is just speculation/madness. It's just untrue. It depends. Cars are depreciating assets. You don't buy a car to make money.
In that ensuing 10 years I'm sure the tesla paid an order of magnitude less in fuel and operating costs.
2005 Defender 110
So, let's talk about "work vehicle subsidies".
Yes it's a thing, and should be considered fair and reasonable and part of a productive economy. But we must also consider fairness in our economy. Now disclosure here.. I worked in the fleet industry, and worked on the computer system module that calculated FBT for Australias largest vehicle fleet, so I've got some history in this area.
The reason FBT was introduced was because companies were leasing cars for their employees. The employee was forgoing salary to pay the employer for the car and it was their private car. So effectively the employee was paying for their car tax free. Also, small business owners were buying cars for the wife and and using their cars for private business. This was also considered to be a Fringe Tax Benefit.
So the government (john howard) decided that if you did this you were receiving a tax benefit, and hence forth you'd have to pay FBT. The intention what that the tax would make it so it wasn't beneficial to do this. As with anything tax - it's complex. There were two classes of people. The first class people didn't even attempt to say they used their car for work so they had to use the "Statutory method" which meant that they paid 1/4 of the cars value to the government in tax each year. This largely stopped this industry.
The other class of people were tradies/small business owners. If you claimed that your car was a work car - you had to keep a log book. The cars costs were divided up according to the percentage of business/private trips. Back in the day I was involved (late 90's) it was deadly serious. If you were found rorting your logbook it was very very big trouble.
Anyway fast forward to 2025 and it appears that the big business loophole is still pretty tight, but small business is a bit more problematic. This is an excellent article on ways we currently subsidise Utes.
We Backed Home Batteries. Now Do EVs.
How many utes with company names have you seen driving around on Fraser? I've seen lots. If anyone here doesn't believe me and think this is a thing.. this is what the ATO describes as the "FBT GAP". They believe that they are only getting about 70% of what they should be getting. Note that this does not include EV's.Utes Are Popular Because They’re Subsidised
Dual-cab utes qualify as “eligible vehicles” (load of one tonne+ or not primarily designed to carry passengers), so, they’re exempt from FBT for “minor, infrequent & irregular” private use.
If the same family-friendly ute is used extensively for private purposes (school runs, weekend trips), FBT exemption shouldn’t apply in law, but in practice it is often treated leniently or willfully misunderstood.
Businesses can claim instant asset write-off / temporary full expensing when in force, for work utes without being constrained by the lower “passenger car” depreciation cap, because they’re classed as commercial vehicles.
We should remove the subsidy for these grocery getting “trucks” and instead expand the incentive to all EVs not just basic models, then we’ll see improvements in passenger safety, pedestrian safety, productivity, fuel prices, current account deficit, air quality, road conditions/maintenance plus improve efficiency in the electrical grid and social outcomes.
Latest estimate and trends for the FBT gap | Australian Taxation Office
So in summary .. the utes are already getting subsidised.For 2022–23, the net fringe benefits tax (FBT) gap estimate was $1.8 billion or 30.4%. In other words, we expect to receive almost 70% of the total amount of FBT we would expect to receive if everyone was fully compliant.
Conversely, trends in unreported FBT (which we estimate has steadily increased over time), are driven by small-medium (SME) sized employers. Increases in the amount of unreported FBT are attributable to larger numbers of SME employers providing motor vehicle fringe benefits without registering for the FBT regime.
In 2022–23, growth in FBT revenue from larger employers outpaced unreported FBT from small-medium sized employers, resulting in an overall reduction the FBT gap (30.4%, down from 33.2%).
2005 Defender 110
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