Haakon
has an accommodating arse
I meant you don’t need to inflict another decking suv on us…. Get a proper car.
Electric Vehicles etc
- Thread starter Cardy George
- Start date
indica
Serial flasher
Hahaha...
Sold the Paj Sport when the kids were done.
Looking at a second hand ute now - was considering an electric car but I cannot make it work
Asininedrivel
caviar connoisseur
Clearly yore just a simp for Big Petrol.
dazz
Downhill Dazz
Klearlie eye amm. And as far as I can tell, the lead hasn't had any long lasting effects either, #bring back super.
ozzybmx
taking a shit with my boobs out
Most states run an incentive scheme on pure EV's.
In SA...
$3000 cash rebate.
3 years free rego.
Zero FBT when leasing. Which for some means the tax man (you/me/us) pays for half the car. All payments are pre-tax.
An EV is of no use to me but for my missus, it's perfect.
indica
Serial flasher
I will look into that
indica
Serial flasher
So rebate up here on cars under $58,000 is $3,000.
That is all.
Currently a decent financial penalty to buy one.
I'll look into taking a test drive in a BYD to see if they are worth it
ozzybmx
taking a shit with my boobs out
Yes, if you want a sub 4 second 0-100 model, you don't get the rebate.
Varies by state but SA's is $68,750.
This only allows the single engine Model 3 from Tesla. The Model Y would have been an option for us but zero incentives or rebate.
Zero FBT is the biggest win. Ever dollar spent on an EV is pre tax.
Also watch out for capped rebate numbers, I believe SA is the first 7000 pure EV's record.
My mate ordered a Kona to be delivered in October... he's worried as SA was around 2500 last time we talked about it.
Edit- 6400 subsidies left as of 22nd Jan.
Incentives for electric vehicles
indica
Serial flasher
Yep, looking into that one
ozzybmx
taking a shit with my boobs out
How many years lease ?
indica
Serial flasher
5 years - cheaper for me than my current lease on the i30N.
Ends up @ $72500 ish for the car including balloon and tax savings.
Oddjob
Merry fucking Xmas to you assholes
I thought there was something like that on the ATO website.
Sent from my M2012K11AG using Tapatalk
ozzybmx
taking a shit with my boobs out
The lease cost of an electric vehicle depends on your take home pay.
If you earn over $180k and are paying 45% (or whatever it is) tax, the tax man is paying for 45% of your vehicle as full payment for the car is pre tax.
Over $120k is 37%.
There is no FBT on a pure EV
So if your payments were say $1000 a month, you pay $550 a month, the other $450 comes out of the tax you would have been paying anyway. It just goes the car payment rather that gov coffers (roads, schools, welfare payments etc)
The other upside to this is that $1000 payment per month comes of your taxable income, so drops your taxable by $12k a year.
It is literally a no brainer to lease an pure EV right now with the $3000 rebate, 3 years free rego and zero FBT.
If you earn over $180k and are paying 45% (or whatever it is) tax, the tax man is paying for 45% of your vehicle as full payment for the car is pre tax.
Over $120k is 37%.
There is no FBT on a pure EV
So if your payments were say $1000 a month, you pay $550 a month, the other $450 comes out of the tax you would have been paying anyway. It just goes the car payment rather that gov coffers (roads, schools, welfare payments etc)
The other upside to this is that $1000 payment per month comes of your taxable income, so drops your taxable by $12k a year.
It is literally a no brainer to lease an pure EV right now with the $3000 rebate, 3 years free rego and zero FBT.
ozzybmx
taking a shit with my boobs out
I have leased the missus Atto 3 over 2 years, will re-evaluate before 3rd year whether to pay it out or re-lease.
That leaves a 55% Residual of the price minus GST, then adding GST to the residual, approx $26k.
Haakon
has an accommodating arse
Is that right? Surely its not a half price car courtesy of the taxman! I thought it was something like reducing taxable income?
ozzybmx
taking a shit with my boobs out
100%, best scam since forever.
Why do you think us tradie bogan's are leasing EV's in droves right now... we'll have to do without a new Cruiser or Ranger for a couple of years. Oh the embarrassment. Though I do get to sell the missus Prado and buy a flash eeb
Calvin27
Eats Squid
Does this include PHEV?
Yep tradies and those small business tax writeoffs are why people buy new cars all the time and you wonder why you can't afford it in your desk job!