Author: Barry Scott / Published Date: 23 May 2013
Categories: Just Love Cars™, Novated Leasing
We
know which cars hold their value, which cars are great to drive, which
are fun, family friendly, value for money - you name it. And this is our
way of keeping you up to date and entertained, with what’s going on in
the world of automobiles.
Sign up and stay informed
Bringin' Back The Soul
Cars
ain’t what they used to be. But that’s a good thing - they’re now
faster, safer and more reliable. Unfortunately they don’t quite sound like they used to..
Inside Autopia with: Sam Clarke
Find out why Novated Leasing Consultant Sam is the guy you need to give you advice on a car..
Intelligent Car Ownership:
TipNo.2 - Getting The Best Price
Forget everything you've ever read about getting a good deal on a car. It's all nonsense. This is all you need to know..
A Car with Soul..?
Find out why the Ferrari 250 GT Lusso takes its time to wake up in the morning, and why it doesn't need a stereo system..
Toyota Corolla- Bland Has Left
The Building
We
reckon they might have been working on it in the same room as the 86,
it's definitely much more fun to drive than it was before..
Petrol Prices: Trends Indicating a Global Recovery..?
What have prices been doing recently, and do we really have anything to complain about...?
Jacky Ickx broke one of the oldest traditions in motorsport, and still became a hero
Born during an Air Raid by the Luftwaffe this legendary gentleman of the sport was destined for a life of danger..
How to Extend the Life of your Car's Battery
And it's more than just not leaving the lights on..
Congratulations Sam Carroll
This is how 'Car Lover and Supercar Driver' Sam Carroll convinced us to give him $1,000...
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Author: Jeffrey Morton / Published Date: 16 May 2013
Categories: Novated Leasing, Consultancy
If you have a novated lease, a car salary packaging program in your organisation or a fleet of company cars on the books – the budget last night held no nasty surprises.
From 1 July 2014, company cars will become a little more expensive (see below example) but apart from that, the changes are nowhere near as significant as those introduced in the 2011 Federal Budget, where the statutory rates for calculating Fringe Benefit Values were flattened to 20% across the board.
The phase-in period for those changes is to be completed in April 2014, and we're in the final steps of compiling the analysis of the 2013 FBT year, so if you're signed up to receive The Autopian you'll be able to see how the changes are affecting the industry in the next edition.
The only upcoming change that will impact our industry won’t actually come into effect until the 2014-2015 FBT year.
To coincide with the Medicare Levy increasing from 1.5% to 2.0%, from 1 July 2014 the Fringe Benefit Tax rate will increase from 46.5% to 47% - a small increase that will really hit company cars more than novated leases, as the FBT gross-up rate will increase from 2.0647 to 2.0802 (where an employer is entitled to a GST credit) and 1.8692 to 1.8868 (where an employer is not entitled to a GST credit).
Company Car Example:
This is the difference it will make to a $40,000 company car.
-$40,000 x 20% (statutory rate) = $8,000 (Fringe Benefit Value)
-Pre 1 July 2014: $8,000 x 46.5% x 2.0647 = $7,681 (Fringe Benefit Tax)
-Post 1 July 2014: $8,000 x 47% x 2.0802 = $7,822 (Fringe Benefit Tax)
Every $40,000 company car will cost $141 more a year from 1 July 2014 on.
It’s as yet unclear, what will happen to the ‘gap’ between the beginning of the next FBT year on the 1 April 2014, and the introduction of the new rate on the 1 July 2014 as the relevant legislation isn’t available just yet. As soon as it is however, we'll let you know.
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Author: Barry Scott / Published Date: 13 May 2013
Categories: Novated Leasing
If you're a driver of ours, we'd like to make it easier for you (and by that we mean financially) to pay it forward. You're already saving thousands every year thanks to your novated lease - know anyone who might be interested in joining you by salary packaging a car..?
Just visit the page below and share it with your friends, or anyone who could do with an extra couple of thousand dollars..?
More details on how we can sweeten the deal for both of you here..
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Author: Barry Scott / Published Date: 9 May 2013
Categories: Just Love Cars™
The new Star Trek movie ‘Into Darkness’ launches today in Australia, giving us an excuse not only to go watch the movie, but to share a great TV ad from Audi.
Would they both have novated leases on their cars? What do you think…
Spock vs Spock. Very funny. Enjoy.
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Author: Barry Scott / Published Date: 22 March 2013
Categories: Just Love Cars™
When we launched our newsletter Just Love Cars™ we decided to give another car lover a real treat, by giving away a $1,000 Adrenalin Voucher to the person who persuaded us that they loved cars more than anyone else. Well the results are in..
Congratulations go to Sam Carroll!
Sam wrote a veritable essay on his love for cars, and we’ll publish bits and pieces of it here over the coming months. Sam, we’ll be in touch regarding your voucher, and we look forward to hearing how you decide to use it.
“ I Just Love Cars for lots of reasons! I love the smell of a new car,
the excitement of driving it for the first time, the thrill of going fast
(up to the speed limit of course).... I love the look of cars...”
We hope you all enjoyed the first edition of Just Love Cars™,and stay tuned… there will be more..
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