jamesegrant

Hi

Doing ours sums at the moment and trying to figure out the rough monthly lease costs for a typical family car/mpv say $40,000 new on a novated lease

Any experiences?

Many thanks for any help

James

The Bloke

Are you leasing through a business?

jamesegrant

Hi

Yes, this would be through a company salary sacrifice scheme

jond

Hi James

My company car is a novated lease and I had to get 2 quotes the best was Commonwealth Bank; value of car $31480, lease per month $630.59.

My BIL car is about $72000 and he pays about $1500.00 per month

I hope these help out as a rough guide.

John

jamesegrant

Thanks John, very helpful

coggerocks2

Don't forget to factor in the FBT...and if you don't drive your KM's you could be hit with a bill so make sure you no the brackets!

S

annn

Hi James,

Try this http://www.fleetaustralia.com.au/fin.../operating.htm and go to calculators

annn

coggerocks2

Or the same here: http://www.leaseplan.com.au/

Of course a novated lease will require there to be a three way agrement between your employer, you and the lease company so you will probably be limited as to who you can use.

Also the ECM (post tax payment to ofset FBT) method can be used to reduce your tax liability.

jamesegrant

Thanks for the help .. I should be getting a password in a couple of days for the company scheme to get a quote

Cheers

James