Thread: Free On Roads Deal Back On!

Hi Titanix,

My situation is slightly complicated, as I have a trade-in vehicle involved. I'm not prepared to purchase before selling, so I ran a trade-in scenario by them. There's obviously an over-allowance in the ca$h changeover because the equivalent value of the trade is more than my bottom theoretical selling price (private) and $5k more than the nearest competitor for a direct trade. That in itself makes the deal sweeter.

The best I can get for cash at the bank is 3.35% (ATM). Novated lease is 5.07%. To go down the novated route I lose 4.5k on the trade, factor out maintenance (as you wrote) and still have a $40k residual at the end. When I look at the nett value after tax benefits and the better trade-in value with cash, it's actually several grand beneficial to go the cash route. So at the moment I'm swinging towards cash. Even the preferential pricing for all the ARB gear (and nett of GST) still doesn't really benefit the Novated Lease case. I have a few days to decide.

Regarding roof racks, I've done a bit of searching and can only find Rhino Racks with a solution for not having factory rails on the SDV6. I may need to search harder I'm looking at a rack solution so I can option a kayak carrier or a roof pod or basket to attach to the bars.

Pilots must be paid too much

You probably know how much of our own money we had to invest in ourselves to get the job, Plane Fixer Plus spending up to a week at a time in a ****** rathole flying back-of-clock, when you would rather be at home with your family. Nothing compensates for that

I reckon Plane Fixers are worth more money

Hi Hugh,

I punched some numbers through after receiving a 3 year quote from SGFleet today.
works out to be about $180 better off per month to novate. Not a great saving nevertheless a saving.

I see your situation is that the trade in value difference offsets any savings you get through a novated lease. So why not trade in and buy with cash and then novate?

Not sure if you still get the GST savings of 5200 ish if you novate after you've purchased the car.

I see your situation is that the trade in value difference offsets any savings you get through a novated lease. So why not trade in and buy with cash and then novate?

Hey I never thought of that, Titanix. I will run that past SGFleet today .

Anyway, I confirmed yesterday the car is coming from interstate, and should arrive in the next few days. I have until the end of July to settle.

Will let you know how it goes.

If you can justify using your car for work you are better staying away from novated lease.

I get a car allowance & do it like this:
Purchase the car on consumer loan thru land rover broker at 4%.
Because you own it there is no FBT.
You can claim depreciation 20% per year over five years
You can claim interest.
You can claim rego, insurance, fuel, maintenance, tyres, accessories etc. etc.
I submit an income tax withholding variation with the ATO & pay no tax on 90% of my car allowance.

I do have to justify it all when I do my tax return.

I must admit I am anal about log books, receipts etc but the benefits are significant.

Remember novate lease companies are there to make money.

Another one that joined the club

I recently picked up a MY16 SDV6 HSE in Fuji white, 7 seats, adaptive cruise control, blind spot monitoring, rear traffic detection, parking sensors, LR in apps and 20" rims for 80k + stamp duty.

Not sure how this rates in relation to others, but I know that the dealers are definitely happy to take offers to move floor stock. I initially wanted new but was told that LR were not making this model anymore due to the new one being released.

Tried to get one with e-diff but was told no available cars had them and this one seemed to be optioned the most, so took the plunge...and loving it.

For perspective our 2010 SDV6 SE with Ediff was $84k on road after a good shop !

Originally Posted by Fasn8n

Another one that joined the club I recently picked up a MY16 SDV6 HSE in Fuji white, 7 seats, adaptive cruise control, blind spot monitoring, rear traffic detection, parking sensors, LR in apps and 20" rims for 80k + stamp duty. Not sure how this rates in relation to others, but I know that the dealers are definitely happy to take offers to move floor stock. I initially wanted new but was told that LR were not making this model anymore due to the new one being released. Tried to get one with e-diff but was told no available cars had them and this one seemed to be optioned the most, so took the plunge...and loving it.

Was that a Demo ❓

Sent from my iPhone using Forum Runner

Originally Posted by Owen

For perspective our 2010 SDV6 SE with Ediff was $84k on road after a good shop !

WA stamp duty calculator for $80,000 says $5,200 so it would be $85,200 with stamp duty. Fasn8n quotes $80,000 + stamp duty.

Martin