Pursuit Reincarnation Dog
Join Date: Apr 2001
Location: Melbourne VIC
I've seen figures of closer to $16-18k a year for XR/SS with a couple of options. This is for 25km/yr and with full maintenance, running costs included (ie. fleetcard setup). Also pre input credit figures. This is most common way.
This figure comes off your gross income to lower your taxable level.
That's why you need to earn over $60k. Any less and the margin between FBT and your income tax level becomes negative (ie. you pay MORE tax). Like you said - sit down with all your figures and run through it with your accountant.
Remember one downside of novated lease - you sign paperwork that basically places an onus on you to keep the car standard. It limits your options during ownership :( :eek:
BA'1.5' Pursuit 290
Lightning Strike / Reflective Orange Stripes
'General' Dog - AP's German Shepherd and Best Mate - 02Dec1998-15Dec2003.
'Pepper' Dog - General's and My Little German Shepherd Sweetie - 1996?-02Apr2006.
'Sako' Dog - My Beautiful and Pretty German Shepherd - 2001?-23Aug2006.