Sturty
Member
Your theory about minimal wear on tyres is quite wrong, it's the opposite due to the rapid torque and added weight. In addition, the EV tyres are expensive right now.Hey all, What a great thread! I have normally not bothered with novated lease, preferring a normal car loan (asset purchase with balloon). The main reason is that I use my car 90% for work, so could claim all of the costs back and this was cheaper than the high costs associated with a notated leasing. However, I am now a bit stumped with buying my Tesla, as there are good benefits with FBT exemption. Can I ask, how do the lease companies account for ongoing costs, as there is no fuel, no services, minimal wear on Tyres, ie there is so much less cost. Under these circumstances, do you think a novated lease is a good option, or pay the FBT and do a normal loan depreciating the car at 90% business use?
Servicing is low cost but not low cost - $34 a month budgeted in my case.
It all depends how much you earn, but as I'm sure you know, you cannot claim any work expenses on a novated lease as you don't own the car, so in your case I don't see it stacking up.