changyang1230 » user profile

Hey sorry forgot to reply to you earlier. You probably didn’t explore my spreadsheet deep enough but I had a section on how EV NL affects…

The timing belt, spark plug, transmission etc, are they reasonably cheap and infrequent?

The [spreadsheet](https://www.reddit.com/r/AusFinance/s/VHJ25VpNKu) guy here. "Maximising tax deduction" is a fallacy I see many people…

Incorrect unfortunately. Just to be precise: the residual value follows the schedule of 0.6563, 0.5625, 0.4688, 0.375 and 0.2813 for 1, 2,…

[My spreadsheet on novated lease](https://www.reddit.com/r/AusFinance/s/VHJ25VpNKu) models this effect precisely - it considers the (say)…

Depending on how much OP is truly spending on the 20-year old car, at some points the fuel + expensive repairs COULD actually be more…

I agree - an EV post July 2022 which can be had under novated lease is the best of both worlds - the car has already done a big part of the…

Use my spreadsheet to crunch all the numbers. https://www.reddit.com/r/AusFinance/s/VHJ25VpNKu It will tell you the exact figures of used…

Thanks for sharing the spreadsheet! I like to direct people to the Reddit link as I wrote up plenty of useful details which helps orientate…

Lots of people mistakenly assume that only new EV get FBT exemption. In reality any EV / PHEV first sold and used after July 2022 and have…

Your understanding is incorrect. Novated leased cars do not care whether you use it for 100% private or 0% private purpose. In fact you…

For your typical use case do you actually find a need for the paid version of ChatGPT? I do use free ChatGPT almost daily (mostly for my…

If your cash is in HISA then yes the opportunity cost should be the post-tax equivalent. But if cash is in offset account then the…

Haha thank you so much! I got 7 so far so 3 more slots for the higher referrer awards this calendar year :P

On Tesla's referral page, they also note that the car has to be delivered before 31/12/24 to qualify for the 1400 dollars.…

The 1400 dollars is taken off already at your order page and initial invoice (if you used the referral link correctly). The 3000 dollar…

ITT: people who don’t understand maths who downvoted me despite laying out the maths using numerical examples.

Plenty of people use the money to buy a charger and then sell it on Marketplace or something. That's how you "convert" it to cash.

I received 7 referrals at only 175 dollars each.... tough luck especially when Tesla chops and changes its referral systems every few…

At the end of the day, from the "best" to the "worst" in terms of long term wealth building: 1. contribute 5882 concessional into super AND…

You are still better off to: (contribute 5882 dollars into super AND pay 5000 dollars from your saving) compared to (contribute 5882…

What they have described was in the context of “why is super better for long term investment”, ie the same amount of pretax income…

As for the generic question of “Is novated lease a good idea for me” here is my copy pasta. Outside working out the figures for the…

I shall do it 😂 https://www.reddit.com/r/AusFinance/s/VHJ25VpNKu At 30k, even IF the car depreciates to near-zero, you should still see…

While paying the div293 from saving vs super would cost the same amount of net worth right at this moment, your money in super will grow…

I’m a doctor and plenty of my colleagues drive a Tesla. I’m surprised that so many people have formed the impression that “a lot of…

Is there any proof that the tyre particle’s **incremental** increase in EV is worse than the particles and NOx from burning fossil fuel…

Any cradle to grave analysis of carbon emission for EV would have them significantly better than ICE over their lifetime, even for the…

This is now a moot point as all new EVs have legally mandated pedestrian warning system which emits droning / buzzing sounds when the EV is…