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The Bar For non Automotive Related Chat |
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#1 | ||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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Ive been leasing new Fords for the last 8 years. The changes to the FBT rates look to make this a non viable option. Anyone in the same boat and will you continue to lease?
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#2 | ||
Turbo Falcon Fiend
Join Date: May 2005
Location: Far West NSW
Posts: 3,205
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Yes but after this lease finishes (December 2014) it wont be a big ford, probably a Hyundai I30.
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Too many turbo toys...... 2009 FG F6 Nitro LPI LPG 290rwkw on LPG. 2005 BAMKII XR6 Turbo with LPG (ex HWP 255,000k's and counting) Honda 2001 CR500E Road registered CR500 Honda 1985 CR500 (the one with the arm ripping power) DT200r regoed Hack Yamaha IT/YZ 465 Vinduro rocket Imported IT465 and 490 back up bikes VF1000R mid 80's racer built by HMR Honda CR480 Air cooled project road cafe racer. T88 Turbo XT Falcon project with 351 Cleveland (mothballed) Plus the rest. . |
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#3 | ||
Cobblers!
Join Date: Mar 2005
Location: The Shire, NSW
Posts: 4,489
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Yes, I do. I will continue until the end of the Lease, and then will re-evaluate where I go next. The X5 is not due until 2013, unless I pay it out first.
My next car was purchased with cash.
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Ego BFII Ghia Titanium Silver E53 X5 4.4i Gunmetal EF XR6. Now retired from active duty. Roses are red. Violets are blue. OS X rocks. Homage to you. |
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#4 | ||
Banana
Join Date: Sep 2005
Location: Wandin North, VIC
Posts: 2,031
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I currently lease the Terri. That one is due to be paid out end of May 2012. With the new FBT changes I will re-evaluate when the time comes.
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2024 Ford Ranger Wildtrak V6 w/PP 2012 WK2 Jeep Grand Cherokee Overland CRD |
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#5 | ||
FF.Com.Au Hardcore
Join Date: Feb 2007
Location: Chapel St
Posts: 774
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CHP all the way!
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Current -2011 Nissan 370z Coupe (6M)- -2006 Husqvarna SMRR450-
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#6 | |||
Chasing a FORD project!
Join Date: Jul 2008
Location: adelaide
Posts: 5,114
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My old mans lease ran out a while ago. Was going to either lease/finance a GS but has decided to just hang onto the Avalon until it dies.
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Quote:
1996 BMW 740iL V8. TV, phone, leather, sunroof, satnav, all as standard. Now with 19" TSW Brooklands, 2 1/2" stainless steel exhaust, plus more coming soon. |
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#7 | ||
FF.Com.Au Hardcore
Join Date: Feb 2007
Posts: 584
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I presently lease a VE SS ute and travel over 45000km a year, with over 2 years to go and taking into account the phasing in of the fbt changes I'll end up leasing an I30 Turbo diesel as the replacement. At that stage the fbt rate will be 17%.
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#8 | ||
GT
Join Date: Apr 2005
Location: SYDNEY
Posts: 9,205
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i lease an fg xr6 it finishes jan 2013 , i'll lease till then, i was considering re leasing this vehicle again , or selling it after lease and leasing a brand new one again .
however i will re evaluate whether that is viable . I'll probably pay out the balloon at the end , convert it to LPG , and keep it privately for 10 years or more now . |
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#9 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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May be a dumb question.
I have often heard of leasing cars and have always been curious about it. Is this through / for 'business' use or private use as well?? What are the benefits?? If anyone can give me a quick rundown on how it works it would be much appreciated ;) Cheers, Jason |
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#10 | |||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 2,021
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Another Labor initiative that will kill the local industry. Oh well, I am sure Hyundai will appreciate the extra sales.
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#11 | ||
FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 1,421
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I novate and will continue, I'm in the 15-25 bracket anyway, so it works out for me
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#12 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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Yes I did but I decided to wait until July to do the next one.....glad I did as now I will not.
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#13 | ||
FF.Com.Au Hardcore
Join Date: Aug 2007
Location: Melbourne
Posts: 838
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I am also in the 15-25k bracket so will not affect me i do not think, so yes i would lease again, but my lease will expire in 2014 anyway and many things may change by then...
@Yellow....Novated lease is an agreement between you, your employer and the lease company, the reason why it is attractive is that the vehicle lease fee and running and maintenance costs are taken out of your salary pre-tax (or the majority is pre-tax if you use the employer contribution method), which lowers how much tax you pay and gives you a new car which is partly paid for by the tax man! That's the gist of it without going into too many complex details. People can feel free to correct me if I got anything wrong, but that's my understanding anyway. |
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#14 | ||
FF.Com.Au Hardcore
Join Date: Nov 2005
Posts: 1,013
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i was planning to get another territory after this lease finishes but with the changes i don't think it will happen. i wrote to smartsalary today about leasing a fbt exepmt vehicle like a XR6 ute which i'll only drive to work and back but i havn't heard back.
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#15 | ||
Regular Member
Join Date: Aug 2008
Posts: 2,892
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The lease on my Territory expires in 2013. This has been my 4th novated lease and, due to the tax changes, it will be my last. A 2013 TS Territory would have been my next car, but now I will buy mine out and either keep it for another year or two or sell it and look at a late model second hand car. I read somewhere that there are about 570,000 people with novated leases, and I'm guessing that the average lease length is 4 years. Therefore, approximately 140,000 of them are buying a new car every 4 years. What percentage of those do you think will put off the purchase of a new car now?
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#16 | ||
Off smelting
Join Date: Jan 2005
Location: boyne island
Posts: 1,035
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i was going to lease my next car won't be happening now and ill buy a used car instead when the time comes.
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#17 | |||
Regular Member
Join Date: Aug 2008
Posts: 2,892
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Quote:
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#18 | ||
Ford Fiesta
Join Date: Sep 2009
Location: Melbourne
Posts: 235
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From my understanding with the way the changes work, it really only affects those people who were leasing a vehicle and travelling more than 25,000kms in a year?
In other words if you were leasing a car and doing <25k a year, nothing has really changed? |
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#19 | |||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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Quote:
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#20 | ||
Turbo Falcon Fiend
Join Date: May 2005
Location: Far West NSW
Posts: 3,205
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Does anyone else get the feeling the Govt. have not thought this through? Car sales are going to take a massive hit.
__________________
Too many turbo toys...... 2009 FG F6 Nitro LPI LPG 290rwkw on LPG. 2005 BAMKII XR6 Turbo with LPG (ex HWP 255,000k's and counting) Honda 2001 CR500E Road registered CR500 Honda 1985 CR500 (the one with the arm ripping power) DT200r regoed Hack Yamaha IT/YZ 465 Vinduro rocket Imported IT465 and 490 back up bikes VF1000R mid 80's racer built by HMR Honda CR480 Air cooled project road cafe racer. T88 Turbo XT Falcon project with 351 Cleveland (mothballed) Plus the rest. . |
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#21 | |||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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Quote:
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#22 | |||
FF.Com.Au Hardcore
Join Date: Feb 2007
Location: Chapel St
Posts: 774
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Quote:
How dare you, sir! To dare suggest that a pollie would EVER, EVER do that. The audacity of some folk.
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Current -2011 Nissan 370z Coupe (6M)- -2006 Husqvarna SMRR450-
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#23 | ||
FF.Com.Au Hardcore
Join Date: Jan 2005
Location: Sydney
Posts: 1,296
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Have been leasing cars for the past 14 years, change every 3 years or so. In all that time I made an effort to get locally built cars, like the territory. Unfortunately the new changes mean that it is not viable anymore so no more leasing, will have to buy cheap imports instead.
It seems that for the gain of $980M (gov figures) they would be damaging the local auto industry a lot more.
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These so-called speed bumps are a joke. If anything, they slow you down. |
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#24 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: ACT
Posts: 4,028
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Yes - I lease now, but unlikely to release when it expires in July.
Anyone want a Mazda 3? |
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