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| The Bar For non Automotive Related Chat |
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15-10-2015, 11:14 AM
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#1 | ||
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Regular Member
Join Date: Jun 2008
Posts: 118
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Thinking about leasing a motor vehicle through SG Fleet. What are peoples thoughts on leasing.Thanks
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15-10-2015, 12:16 PM
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#2 | ||
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The 'Stihl' Man
 
Join Date: Jan 2005
Location: TAS
Posts: 27,585
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Yeah I am looking at it in the new year too. I was previously of the opinion it was BS and didnt work out but depending on how much you drive it might?
I wish there was a calculator where you can put your salary in and it works out the net effect or advantage you get and how it effects your take home pay etc
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15-10-2015, 05:25 PM
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#3 | ||
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Regular Member
Join Date: Jun 2008
Posts: 118
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there is calculator, go to sg fleet on the web and it will ask you , car, wage, lease time etc
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15-10-2015, 06:10 PM
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#4 | ||
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The 'Stihl' Man
Join Date: Jan 2005
Location: TAS
Posts: 27,585
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Yeah that tells you the fortnightly amount, not how the actual deduction works....
So say for example I get taxed $4k a month, does that $700 a fortnight come out of that..so I am only taxed $3300.... I have NFI with that stuff.
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15-10-2015, 08:00 PM
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#5 | ||
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Knucklehead
Join Date: Jan 2005
Location: Taylors Lakes
Posts: 105
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Is SG Fleet your only option? There are other companies with similar/better terms.
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15-10-2015, 08:02 PM
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#6 | |||
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FF.Com.Au Hardcore
Join Date: Feb 2007
Posts: 584
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Quote:
In a very basic formula you want a cheap car with high running costs to get the best value from a lease as the fbt calculation is on the fbt base price of the car... Best advice is research, do the sums and research some more. |
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15-10-2015, 09:10 PM
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#7 | |||
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FF.Com.Au Hardcore
Join Date: Feb 2015
Location: here and there
Posts: 610
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Quote:
 I looked at it, figured it to be like renting (making someone else money) So I loaned myself the money (home redraw), will have the accountant claim the interest, running costs and depreciation at tax time. And will sell myself or friend the "well looked after" vehicle for bugger all after 3-5yrs.
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Ford LV2 Focus XR5 MODIFIED 
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Leasing Cars
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