Hi all,
Trying to get my head around the novated lease - I have the money to buy the car outright but few of my friends seem to recommend NL so wanted to get your professional opinion too.
I'm on $140k salary (but do have small HECS debt that I want to pay it off before the financial year), looking to buy the standard Tesla 3 RWD (white), no options so roughly 63k drive away cost. Planning to take the lease for 2 years, drive 15-20k km a year. I live in Sydney NSW.
My NL quote came back the following:
Looks like my fortnightly payment reduction is $555.46 from my salary (works out to be about $14.5k annually) and residual value after 2 years is roughly $33k
Looking at the cost breakdown (annually)
Lease Payment: $19,249.88
Fuel: $600.08 (guess they had taken into account the charging fee instead of fuel here)
Servicing: $450.06
Tyres: $0.00
Registration & CTP: $632.58
Comprehensive Insurance: $2,265.38
Management Fee: $179.92
Roadside Assistance: $60.06
Sundries: $0.00
Based on this circumstances, do you think it's worthwhile taking the NL vs buying it outright?
If NL, is there any payment that I need to look out for? I'm trying to reduce insurance cost but anything else I should be aware?
Thanks in advance for your awesome information here.
Go for the Mercedes AMG for the high yield.
(Somehow this happened almost 7 years ago https://www.ozbargain.com.au/node/273269)