Novated leasing versus Loan

arthurtwp · 07-22-2017, 05:23 AM

Anyone have any thoughts regarding the above?

martymil · 07-22-2017, 05:37 AM

Depends how much you earn and how much you use the car for work related trips

Best is speak to your accountant

K-Bag · 07-22-2017, 08:21 AM

http://nayeem.net/novatedlease/

Usually leases are good only if they drop you into a lower tax bracket. Otherwise its better to save as much as you can, then borrow as little as you can.

I have a leas on my 135. Great at the time, tax benefits are good (because of the above)but you are locked in for years. If circumstances change, the cost to pay out the lease will be horrendous.

Dyno Junkie · 07-22-2017, 11:32 PM

I have worked in car finance for 11 years and never considered a lease for any of our personal cars.

07-22-2017, 05:23 AM	#1
arthurtwp Second Lieutenant 36 Rep 283 Posts Drives: '12 1 Series M '17 M3 Comp DCT Join Date: Oct 2013 Location: Perth, Australia iTrader: (0)	Novated leasing versus Loan Anyone have any thoughts regarding the above?
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07-22-2017, 05:37 AM	#2
martymil Banned 389 Rep 2,186 Posts Drives: Garage is to big to list. Join Date: Jun 2013 Location: Sydney iTrader: (8)	Depends how much you earn and how much you use the car for work related trips Best is speak to your accountant
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07-22-2017, 08:21 AM	#3
K-Bag Private 19 Rep 81 Posts Drives: 2016 OG M2 Join Date: Feb 2016 Location: Newcastle iTrader: (0)	http://nayeem.net/novatedlease/ Usually leases are good only if they drop you into a lower tax bracket. Otherwise its better to save as much as you can, then borrow as little as you can. I have a leas on my 135. Great at the time, tax benefits are good (because of the above)but you are locked in for years. If circumstances change, the cost to pay out the lease will be horrendous.
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07-22-2017, 11:32 PM	#4
Dyno Junkie 12.92 @ 173.0km/h - 1.84 60' 2 Rep 36 Posts Drives: 135i Join Date: Jul 2015 Location: Perth iTrader: (0)	I have worked in car finance for 11 years and never considered a lease for any of our personal cars.
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