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  1. Paul@PFI

    Novated Lease or Buy Outright?

    One idea that sprung to my mind was the finance issues... Drawing $35K on homeloan and while its 4.5% its also over say 15-20 years. That's a huge difference in interest cost v's a five year finance deal that means there is zero debt at end.
  2. Paul@PFI

    Novated Lease or Buy Outright?

    Fleet leasing companies get significant fleet discounts which are hidden from all parties. This explains why for example Mazda don't generally do fleet deals (Or Hyundai...Many others). Yes you can do a Mazda on fleet BUT there is no factory fleet support (kickbacks) making it comparatively...
  3. Paul@PFI

    Novated Lease or Buy Outright?

    Its likely it will look that way. Most employees cant deduct any car use. The irony is under SalSac the employer can use methods that alter the outcome. That said in the last budget private car owners lost two methods used to claim car costs. I forsee a future budget when employers are told...
  4. Paul@PFI

    Novated Lease or Buy Outright?

    Owning outright may mean that there is no salary sacrifice and hence zero deduction. You would receive higher income (taxed) and have zip to deduct. But at least you own it. Packaged cars are a item you pay a lot for but never own. What would the eligible business use for the car be if you...
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