changyang1230 » user profile

I am on my third novated lease now, and for every single lease, the deed of novation has an outright ban for the use of car for rideshare…

Not quite. The "GST saved" is 9.1% of the original vehicle price, not the driveaway price. This car's price is $17,261 pre on road + $2,738…

Salary sacrifice exists as an employer perk, i.e. part of the pretax money can be used to fund a vehicle lease. Previously this is…

It does not have to be a Turkey number. It can be a number of country suggested above e.g. Brazil (me), Morocco, Romania, Latvia, Kenya…

Worked for me today. Timing is indeed important. Tried to 20+ numbers of various countries late night yesterday without any success. Worked…

What’s so funny about it?

I don't know @cnrmlj situation; however [this is my…

You can model novated lease maths in the novated lease calculator. Covers everything you can possibly think of: tax savings, different…

The value excludes stamp duty, rego and compulsory third party insurance. OP’s $94k is probably the drive-away price inclusive of these…

There is no PDS for novated leasing. (It’s precisely what I describe in the above link.” - novated leasing is somehow beyond the scope…

Because on a whole the populace’s financial literacy and sharpness always loses to the conniving businesses. Albania fell to the get rich…

The repeated 65.63% is explicitly disallowed by ATO since 2021 in their addendum to TD 93/142 (see example 3).…

I would hope I know pharmacology equally well lol!

@coffeeinmyveins To be fair, I think there is still something to be said about people who sign up for these things without knowing the full…

We actually agree with each other in this. Your idea of adjusting the calculated benefit by the risk is precisely what I try to express in…

I am sorry that you are in this position - and that you are unpleasantly shocked by the fact that you still need to pay out heaps "as if…

I think you're arguing against a position I haven't taken. Go back and read my initial comment in this thread (both [the parent…

By exorbitant I am talking about >15% range, for most people even if the interest rates are 9-12% they still end up with net 10k savings. I…

You are conflating two things at once. - what the car price is and how much you can bargain down the price tag - at any given price tag,…

Are you aware of the difference between original FBT-applicable NL and the FBT-exempt variant? While there are caveats to be mindful of…

Novated lease for EV is fantastic value and saves you tens of thousands over cash, PROVIDED that it goes to plan and you don’t have to…

We are digressing but I just watched the latest veritasium video which is among the most mind-blowing and educational yet.…

For those who haven't come across it: https://novatedlease.guide/calculator/ Unbiased, comprehensive calculator which tells you the honest…

Ah I see it’s probably a misunderstanding of your original comment. Your last comment sounded like you were saying $600 > the petrol cost…

Petrol at 7L/100km and $1.80 per L means that $600 could drive you ($600/1.80)*(100/7) = 4,761km. So your estimation is a bit off there.

A full write-up on all the maths on how this would affect future EV novated leases:…

An option for some: You can lease used EV - skip the depreciation, and still get the FBT exemption.

Depending on OP's mileage, tax bracket, current car value etc, it MAY already make full economic sense to change over to EV, especially…

If you are a good candidate for FBT-exempt novated lease, changing over to a cheaper EV (can even be a used one as long as newer than…

Do you have the stats for trucks being responsible for 63.7% of the road damage?