Car Allowances

[INASNT]

I am new to car allowances, and my new job i am starting in 1 months time is giving me a 15k car allowance with petrol etc. I will be doing around 15-20K a year mileage and selling my 33 and lexus.

Upto what value car can I get with a 15K allowance? I have my eye on a F6 Typhoon.

[saff_cossie]

Do a search from about November last year. Ferni is the man on this! There are also some links for novated lease calculators on that thread.

Do you get the component as cash or pre tax?

I have a car allowance as cash but make a loss with fuel and tolls at the moment but dont mind too much as the end is in sight.

It depends how long you want your car over as well. 5 years will get you a higher $$ value car than 3 years.

Defo find that thread though. Off to try some Gurney Flaps on the car otherwise I would find it for you (man that sounds bad!)

HTH

Sod it, there you go! lol!

http://www.skylinesaustralia.com/forums/in...&hl=novated

and another I noticed

http://www.skylinesaustralia.com/forums/in...&hl=novated

[Mr. Oizo]

denham, get an evo

[INASNT]

Pre tax so i dont have to pay the premium tax rate on salary.

What was the title of the thread ferni did?

[INASNT]

denham, get an evo

I was looking at EVO and a VE SS or HSV also but really like the F6. APS stage 1 kit for the F6 is 300rwkw, ready to make a booking with aps when i get the car

[paulr33]

9k is a suitable budget for 30,000k's

[Mr. Oizo]

I was looking at EVO and a VE SS or HSV also but really like the F6. APS stage 1 kit for the F6 is 300rwkw, ready to make a booking with aps when i get the car

what about a Chaser, are there any rules/regulations as to what car you can buy? does it have to be brand new?

[Starionturbo]

id stay away from the VE it looks like a astra 4WD.

Evos are great, but I dont think I could live with it daily, it is a Lancer at the end of the day. Same thing for the F6, its just a fast Falcon.

A new black IS250 Lexus would be my pick of the crop. Looks absolutely stunning. That or Id buy a Prado Grande.

[INASNT]

Dark

Chaser's are 2 old, I want a new car.

Starion

I want a car with a bit of balls, the IS is only a 4 pot

[inark]

stick with the F6 denham

[Jamezilla]

Is the $15k pre tax?

It depends what you want to do.

I have $15k allowance - works out to roughly a $45k car, over 3 years, fully maintained.

You can up the price of the car if you lessen the amount of support services. I have fuel, rego, insurance, tyres, servicing and RACV - you can opt-out of any of these items)

Note that as of this year, the best deal combines some pre and post tax earnings. Ends up costing you (take home) about $10k a year - so you effectively save $5k

[paulr33]

agreed f6

[INASNT]

Its pre tax. 80K base salary. Trying to find a BF F6 but they are around 60K secondhand.

[allblitz]

R34 GTR - you'll enjoy it for all types of driving, and it'll hold its value. You'll lose on re-sale on the ford.

[paulr33]

go the local delivered, will be easier

[khunjeng]

you can get 2nd hand cars - depending on the company and their policy. Usually they need to be above 15k and not more than 5 years old.

car allowence is the go if ur doing some Kms for work as u have indicated. Nearly 100% of my office have a novated lease...except me!

the lease is the best way if you wanna get a new car, but be under no illusion that you are somehow saving money as they love to tell u although it might be a more efficient way of using your tax than purchasing a new car outright. Do the numbers properly and what you can afford, factor in things like what intrest would I have earnt during that peroid if all or some of the money was in the bank, what about depreciation on the new car and how does that compare to a slightly older 2nd hand car. I did the numbers, talked to some people and my accountant and I decided to get the skyline

also is common for companies to give u an allowence instread of them buying you a company car...why? cos if you become redundant the lease is on u not them. Remember 3-5 years is a long time and things change...i.e. you might hate ur job and wanna leave - not thats its the end of the world but can be a factor if you wanna move on quick.

Then again I have people who swear by it...reckon its the best. Although you can do some more intresting things if you own the company....

my 2 cents.

[INASNT]

R34 GTR - you'll enjoy it for all types of driving, and it'll hold its value. You'll lose on re-sale on the ford.

for a 34 gtr i would want a 2002 model, and a decent one of them is around 75-80k.

Need to take clients around in it on certain occasions to visit similair systems they would be purchasing so need decent car when ur selling 20-30 million dollar systems.

[khunjeng]

for a 34 gtr i would want a 2002 model, and a decent one of them is around 75-80k.

Need to take clients around in it on certain occasions to visit similair systems they would be purchasing so need decent car when ur selling 20-30 million dollar systems.

lol I know how you feel.

For a long time I used my FTO for clients...heheh wasn't appropiate but hey. Now I got the skyline also so its a choice, but I am the client these days

The Ford suggested are decent cars. Whats about a Ford TT?

[saff_cossie]

I chose a Lexus over a Ford in 2004 with depreciating being a large factor in the decision as well as wanting something that needed nothing doing to it (no checking oil, water, listening for noises etc). The IS250 is not a good looking car IMO. I had the IS200 which had no go but g/f's step dad has the IS300. That is a great car with the right amount of power and tiptronic.

I got the Evo this time as it fits the bill slightly better. Wanted something performance orientated as I am in an enthusiasts club and enjoy cars. I wanted something reliable, relatively economical and that could hold passengers if need be. Also not too much Police attention. My Evo on highway driving gets around 420-440kms a tank out of 40 litres so cant ask for much better.

The Ford would be great but agree with Husnu. If you need something to impress execs/clients in my opinion go the IS300, a nice 2004 model. Great little cars with all the toys.

[R32gts-t]

audi s3, hoon car without the look of being a hoon.

otherwise something like a subaru liberty gt...