Wooo! Now we are getting into some Chinese BEV price wars.
Costco has announced for members an extra $2,500 off already reduced prices. This is on top of the factory incentives already on offer.
Offer applicable to the BEV and REEV Hybrid and both MY24 and MY25 models, but only seems it is for their Outlander clone C10 model variants.
Offer available until 30 Sept 2025. And as always, terms and conditions apply.
$7,000 Factory Bonus on MY24 C10 Design BEV. ($9,500 off in total, WAS FROM $51,500 - NOW FROM $42,000 DRIVEAWAY for Costco members).
$5,000 Factory Bonus on MY24 C10 Style BEV. ($7,500 off in total, WAS FROM $47,500 - NOW FROM $40,000 DRIVEAWAY for Costco members).
$4,000 Factory Bonus on MY25 C10 Design BEV or REEV ($6,500 off in total, Design REEV WAS FROM $49,900 - Design REEV NOW FROM $43,400 DRIVEAWAY for Costco members).
$2,000 Factory Bonus† on MY25 C10 Style BEV or REEV ($4,500 off in total, Style REEV WAS FROM $45,900 - Style REEV NOW FROM $41,400 DRIVEAWAY for Costco members).
Edit: Also just noticed that if you are an "Executive" level member, you can enjoy a $250 gift card as well… Now all Costco need to do is install some EV chargers along side their cheap fuel stations…
Plus, Executive Members get to enjoy an additional perk!
Receive a $250 Costco Shop Card with this offer
Leapmotor C10 BEV information page
Leapmotor C10 REEV Hybrid information page
3rd tax bracket as in 45-135k or 135-190k excluding the tax free threshold?
You can plug the numbers into this spreadsheet here and see if it would make sense.
With EVs under the LCT threshold, the cost of the entire lease comes out of pretax income so you can get a significant tax savings if you pay 37% or 45% tax and it makes up for the not great interest rates that usually come with novated leases, which is why they are hidden.
But at lower tax rates like 30% you don’t always come out on top and the best option may not be as straightforward as a 5 year NL + buyout, as you also want to take advantage of fixed residual values set by the ATO (e.g. 65.63% for a 1yr NL). The best option could absolutely be to do a 1yr NL + buyout.