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View attachment 874322
This is what I got from my provider.
$733.08 x 104 = $76240 for the repayments.
Plus the residual of $26172.54...

That is not worth it to me...

If you're in the top income bracket minus tax savings would be a total cost of 68,104 (WITH FBT incentive)
When you figure out the total cost of insurance and maintenance it probably is "worth it" but i dont like participating in a scheme that doesnt benefit anyone significantly apart from the companies skimming everyone.
 
T
Here is a quote I got from my employer-nominated NL company. I'm a computer programmer, I can say I'm somewhat good with numbers, but yet I have no idea what most of the figures in this quote are. My layman's calculation is as follows:
  1. I would have paid $37,643 out of pocket at the end of the lease
  2. I would have to pay a residual of $37,623 at the end
  3. Adding (1) and (2) will be $75,266
  4. Subtracting (3) from the on-the-road cost of the car ($66,498) gives $8,768
  5. Subtracting insurance, rego, servicing e.t.c (~$6,000) which I would have paid out of pocket without NL from (3) above gives $2,768
(5) is what I would pay in excess of the on-the-road cost of the car with NL. This does not factor in FBT tax removal. The question big question is then, what are the other finance options available where I can pay less than $2,768 in interest on a loan of $66,498 over a period of 2 years?

Experience people in the house, does this calculation make sense? If yes what options do you think are out there that beat the $2,768 figure?

PS: I CORRECTED THE $40,538(723.9 X 56) NUMBER, IT SHOULD HAVE BEEN $37,643(723.9 X 52).
These quotes are such a sketch. I’ve had numerous back and forth emails with my agent to put the right numbers in the quote. For my case, the final price on my Tesla order agreement is $65192. I’m eligible for the $3000 ev grant which means vehicle on road cost will be $62192. I then had them reduce the GST from this amount, so total amount financed in my quote is $56590.
 
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T

These quotes are such a sketch. I’ve had numerous back and forth emails with my agent to put the right numbers in the quote. For my case, the final price on my Tesla order agreement is $65192. I’m eligible for the $3000 ev grant which means vehicle on road cost will be $62192. I then had them reduce the GST from this amount, so total amount financed in my quote is $56590 (I also don’t have establishment fee and Plus PPSR fee - maybe my guy forgot to put them in?). I’ve attached a screenshot of my quote.

View attachment 874341
Yeah and the interest rate is almost half what others have posted. That quote is actually worth.
 
its been 2 months since my delivery(which was on 2nd Sept) , i have now driven around 5,650 kms ....and the car amazes me every time i sit in it .... with software updates making the car super cool every time ..... i would say guys it is worth the wait .... well i waited for my car for nearly 8months as i had ordered in Jan2022
dont loose you momentum till you get you car ....just browse as many videos as you can to learn the car & accessories to go with it
cheers
enjoy the wait its worth it
AmeetM
 

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These quotes are such a sketch. I’ve had numerous back and forth emails with my agent to put the right numbers in the quote. For my case, the final price on my Tesla order agreement is $65192. I’m eligible for the $3000 ev grant which means vehicle on road cost will be $62192. I then had them reduce the GST from this amount, so total amount financed in my quote is $56590.
I think NSW has worded their rebate such that it is not payable on Novated Lease vehicles. Is that different in VIC?