Correct. Get ready for a 12.30pm VIN storm any day now
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The 12:30 VIN Storm ”joke” is getting old and is causing discontent.
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Australian Model 3 Waiting Room
- Thread starter rgc1990
- Start date
Moderators Note:
The 12:30 VIN Storm ”joke” is getting old and is causing discontent.
I reserve the right to delete posts using this “meme” going forward.
That's BS from the Novated Lease co.
I got 3 all just put a clause pending the passing of the legislation talk to fingo. You can still get the Novated Lease before it passed. Just tell them it's 100% business use and it's the same $$
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Testesslim3
Member
True that cars arrived in multiple ships outside the ones shown in Armacup schedule last quarter, but the large numbers of them were on large RORO ships we see in Armacup schedule and hence VIN storms typically follows that schedule...cars arriving on other ships rarely creates VIN storms. Just an observation
Oh wow hopefully
I haven't had a call from an SA before but hopefully this is good news.I think you're rolling the dice with an ATO audit if you say it's 100% business use and that's not actually the case. I would encourage people to check with a tax accountant first.
I hope he is right but they usually don't know more than the customer
Hey group,
First time posting here.
Ordered our M3 RWD 19/02
Ext white
Int white
Location Perth WA
We have our finance approved with MacQuarie till 05/11 we got the promotion rate of 2.99% if we have to reapply will go up to 6.29%. Really hoping we get a VIN and tax invoice before the 05/11 so we can settle. Anyone from the west that has heard anything??
First time posting here.
Ordered our M3 RWD 19/02
Ext white
Int white
Location Perth WA
We have our finance approved with MacQuarie till 05/11 we got the promotion rate of 2.99% if we have to reapply will go up to 6.29%. Really hoping we get a VIN and tax invoice before the 05/11 so we can settle. Anyone from the west that has heard anything??
I had the same convo with an SA at Chatswood. Said we should be seeing some VINs within the next 2 weeks. Wanted to see the MY - too big for my wife.
They are exempting FBT for non business use so from a financial standpoint it’s the same thing
Priit
Active Member
I just had my financing company provide me with 2 quotes, They said the quote without FBT will only apply once its legislated, but I have time, and the legislation should go through in the parliament October sitting anyways, as it was scheduled for the September sitting but they ran overtime and pushed it to the October one, so should be all sorted way before my car arrives.
Yeah but I think the OP was talking about arranging the finance now by saying it's 100% business use, which is a gamble because the legislation hasn't gone anywhere yet. If it's just for a quote that's one thing, but signing a contract under these conditions is a risk.
Then it will definitely arrive in December while you are away.
Mine wouldn't quote until the legislation passes. Might contact them again and be a bit more insistent.
No sorry, I was too brief, my bad. The law will be back dated till 1 July 2022.
Just tell them 100% business untill the law passes, if it doesn't then your on the hook for the full FBT based on your use
My company CFO did exactly that. He just said that the tax will all come out in the wash, and he might have to pay a bill come July. He's obviously in the top tax bracket anyway, so it's a zero sum game.
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I don’t think it’s “BS” as such. It’s what they’re willing to write up in the contract.
100% business use? What happens when you are audited by the ATO?
Read post above. It's only for the Novated Lease. Never said to attempt tax evasion. Just so you can sign it up now, but U carry the FBT risk should it not pass
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