I just entered into a novated lease for a MG phev to take advantage of the tax (and other benefits). It was a no brainer for me:
no upfront cost
Save $35k on tax over 5 years
Option to buy car after 5 years for $13k
Save $5k on gst
Save on petrol. I have had it for 1 week and have done 300 kms and only used 13 litres of petrol.
Can be used as backup power for part of the house if we have an outage.
The $50k I was going to spend on a new car has been invested elsewhere earning a nice yield.
Plus have a new car to enjoy.
Biggest no brainer for me ever.
cheers
I just entered into a novated lease for a MG phev to take...
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