Vehicle leases - good news for a change.

[jik22]

Well, finally got to speak to the leasing company at the Australian bit of my employer today, and seems good news all round. Not only are they happy to buy my D3 and lease it back to me (and the tax savings we've worked out on the running costs are nice enough, without the interest form banking their cheque for the duration of the leas) but they'll also happily do a second lease on a Defender, and let me buy all manner of toys for it getting the tax benefits from that too. :D

Of course, now I just have to find a Defender that's less than 4 years old at a local dealer for sensible money...so maybe not all good news. :confused:

[LRHybrid100]

See if they will do a sale and lease back for your current D110 - I have my Rangie / D110 and the misses Scooby on leases!!!

All depends on your leasing company and any company policies, but you dont need to buy from a dealer either - my 2002 D110 was bought privately.

LRH

[jik22]

See if they will do a sale and lease back for your current D110 - I have my Rangie / D110 and the misses Scooby on leases!!!

All depends on your leasing company and any company policies, but you dont need to buy from a dealer either - my 2002 D110 was bought privately.

LRH

Car must be under 4 years old at time of taking the lease, and under 8 years old when the lease finishes, so my 110 is out by several years!!

They will let me buy private, but with all the reports and stuff they want, I wouldn't have the time to sort it out.

[Ken]

You Suck

[jik22]

You Suck

I'm not even going to comment.... :D

[Ken]

I'm not even going to comment.... :D

Im glad coz your smarter than me and Id get embarresed ;):D:D:D

[matbor]

See if they will do a sale and lease back for your current D110 - I have my Rangie / D110 and the misses Scooby on leases!!!

All depends on your leasing company and any company policies, but you dont need to buy from a dealer either - my 2002 D110 was bought privately.

LRH

what leasing company are you using again ?

[Ace]

i looked into leasing a D3, was just to much of my pay each month.

[LandyAndy]

Ken
You should be able to the same stuff assuming you are self employed as a ceiling fixer.
You just need to talk to a decent financial adviser,IF THERE IS SUCH A THING:eek::eek::eek::eek:
Worth looking into!!!
Andrew

[Ken]

Ken
You should be able to the same stuff assuming you are self employed as a ceiling fixer.
You just need to talk to a decent financial adviser,IF THERE IS SUCH A THING:eek::eek::eek::eek:
Worth looking into!!!
Andrew

I get more back in tax by paying it off myself as long as I renew(Vehicle) every 5 years the depreciation doesnt get to the point of not being worth the claim

[jik22]

You just need to talk to a decent financial adviser,IF THERE IS SUCH A THING

Yep, still looking for one of those too, as I need to sort my Super fund out as well...have been less than impressed with the ones spoken to to date.

[cartm58]

Big tip on super funds join an Industry Fund dont take out a commercial super policy from likes of AMP, Bankers Trust Colonial Mutual. and dont fall for the you can establish your own superannuation fund crap either

Why ?

Money from super funds all invested in same retail and wholesale funds area by same funds managers

Industry Funds admin charges **** loads lower than commercial funds as dont pay sales agents charges advertising budgets etc

Industry Funds dont charge fees if you transfer money to another industry fund

The self managed superannuation fund is too costly to self regulate and toooooo small to get any benefits from investing options compared to larger retail or industry funds

How do l know

Was Trustee director of a Major Industry Superannuation Fund in past life and sat on investment committees and had all the commercial supernnaution financial banks ******* come do thier pitches about how good they would be as money managers for our billion dollars in members accounts.

[jik22]

Big tip on super funds join an Industry Fund dont take out a commercial super policy from likes of AMP, Bankers Trust Colonial Mutual. and dont fall for the you can establish your own superannuation fund crap either


OK, I'll show my ignorance of Aus pensions...what's the difference, and how do I tell a fund is an industry fund. I've got a few to look at, and wanted to ideally wrap life insurance into the fund so it's paid for from my pre-tax salary too.

[cartm58]

well good article in today Melbourne Age on performance of Industry Superannuation funds compared to Retail Master Trusts done by the Govt regulator which shows Industry Funds outperformed them over last 10 years/

Industry Fund identiable by name and use tag Industry Fund

http://www.selectingsuper.com.au/Provider_profiles.html

this site is useful l have no connection with it use google for search using Industry Superannuation Fund

It works as they are not for profit as organisation set up so fees charged to members minimal, advertising commercial fees low, no agent or commission fees paid out and so on,

Their money is invested in same way and same markets as Retail Trusts

From Tax point of view if you in top tax bracket 42 cents in dollar for every dollar you put into superannuation as a salary sacrifice contribution you paying 50% less tax approximately compared to getting dollars in your pocket and investing in shares after paying tax. Seeing superannuation funds investing in share market why own your own shares.

and now when you take money out after 55 years age your not paying on it cents so tax savings going and coming out significant return compared to property, shares where you pay capital gains tax and income tax

[cartm58]

Life insurance not sure you wont to take it out with superannuation fund compared to market insurance

L would contact someone like insurance broker Jardine Llyod Thomas and get quote for income protection polic for death disability which is 104 weeks coverage up to $1,800 week in total income (wage overime etc) cost varies on age, occupation, cost also varies on wait period longer the wait period cheaper premium varies from 5 to 28 days.

I would take out separate death coverage or mortgage payment insurance depends on your financial situation and martial and dependents

Superannuation Funds tend to offer lower dollar insurance value products for members as part of coverage as offering low cost

Again doing it as salary sacrifice brings tax savings to offset costs involved

[jik22]

Life insurance not sure you wont to take it out with superannuation fund compared to market insurance

L would contact someone like insurance broker Jardine Llyod Thomas and get quote for income protection polic for death disability which is 104 weeks coverage up to $1,800 week in total income (wage overime etc) cost varies on age, occupation, cost also varies on wait period longer the wait period cheaper premium varies from 5 to 28 days.

I would take out separate death coverage or mortgage payment insurance depends on your financial situation and martial and dependents

Superannuation Funds tend to offer lower dollar insurance value products for members as part of coverage as offering low cost

Again doing it as salary sacrifice brings tax savings to offset costs involved

Thanks for the info - have a few better questions to ask now. This is all quite different the UK market I'm used to for pensions, and back there, you usually get life insurance and what we call "critical illness cover" as an employment benefit for "free" so I've not had to buy cover for many years. Mortgage cover would be beneficial if I could actually find a bloody house! :D