Hi OzBargain crew,
The time has come to upgrade my 3 door 2013 Kia Rio. With a baby coming in 2 months I feel its time to ditch my car and upgrade to some of the modern safety features. Driving my work car with lane keeping / adaptive cruise / automatic braking makes me realise I'm going to want those for when me and the wife are driving around. Looking for your thoughts on what I should be considering (cars / features / other) when evaluating cars.
I had started looking at a PHEV to see whether I could get a benefit out of the Electric Car FBT exemption. Working through the very confusing numbers the novated leasing company sent through it looks like I'd get a relatively small benefit out of buying it through Salary Sacrifice. On face value it doesn't look like the premium you pay for a PHEV is worth the tax benefit though. For example, though salary sacrifice I could get a Kia Sorento PHEV for ~$83k (maybe a little less if I have a longer lease but don't want to be tied to my current company) but the diesel is ~$70k so probably going to take about 10 years of electricity vs fuel to payback the additional cost (not to mention additional risk + costs associated with dual electric / engine maintenance).
Lead time to getting a vehicle is also something worth considering as I can get the PHEV in September whereas the Diesel is a 10-12 month wait time. Think it is about the same for all large SUVs at the moment.
Looking for your thoughts. What are some good family cars (SUV's seem to be a good choice) at a good price and what features should I be making sure I consider (price etc. ;). I am a cheapskate at heart and really struggle with the thought of paying so much for a car but it is going to be our primary vehicle for the next 10 years. I'd consider a second hand car if it had all of the mod-cons but my understanding is that second hand cars are just as expensive as new.
TLDR: Looking at a family sized SUV, what's some good options / what do I need to consider.
Edit: Good callouts from below and should mention that this is our first kid and we're looking to have 2-3. Space to carry child things around is a major factor in why we're looking to upgrade
Have you looked into the wait times? Your kids might be 2 years old by the time you get some cars