Howdy,
Just finalised the order - thought it best to finalise before posting.
Final on road price for R36 Wagon with Auto Tailgate, iPod Prep, Sunroof was $64k
Considering all the options which come standard on the car I am pretty chuffed with the price.
Car is novated lease, so GST is deducted from the above - so it works out as a sharp price.
Now just the wait....
Confirmed Global Warming Sceptic. No Longer a VW Owner -Loving my new 2011 Range Rover Sport - bought as VW unable to provide info on the new Toureg despite it being released overseas 12 mths ago. 2008 R36 Wagon, 2006 GTI and 2004 R32 - Gone. Sorry VW, you make great cars but until you improve your customers' experiences you will lose customers
R36 Dreamer - I am very keen for one of these also. WIth that novated lease, can (will) you keep the car at the end of the lease? I assume that is when you can opt to pay the 40% balloon payment and keep the car, or re-do the lease with another car? Or am I off track?
I can get one of these before tax deals through work as well, where everything is included, but you have to do 25,000kms or a set amount of kms per year or else you attract FBT. This package is where they include the tyres, rego, fuel, servicing and everything else. definitely worth considering (for me).
The FBT can be calculated 2 ways...
Statutory method - fixed percentage of car purchase price based on your annual milage. Best suited to people with high Km's and high personal usage.
Low KM's costs a bomb! Usually used by lease companie and employers as it is easy to administer.
Total kms PA Vs Statutory %
Less than 15,000 - 26%
15,000 to 24,999 - 20%
25,000 to 40,000 - 11%
Over 40,000 - 7%
Thus a 50K car would have FBT of $13K if you do less than 15,000km PA on top of the cost of your lease...
Operating Cost method - based on the the actual operating cost of the car and the % personal use. Best suits people with high business usage and is independant of milage. High business % but low annual milage makes the FBT really low. Usually better option for employees esp is the car is a tool of trade car (sales reps, service techs etc)
Thus a car that cost $15K PA to run (lease, fuel etc) and was 85% business use, the FBT would be $2475.00 on top of the cost of your lease...
Both methods allow the FBT to be offset by an after tax contribution on a dollar for dollar basis.
Bare in mind that a novated lease will include the "expected" FBT liability in the monthly payments and as long as you do the required km PA or your business usage % is as expected (depending on the method used) you wont have any issues.
http://calculators.ato.gov.au/script..._car.xr4&go=ok
This link is to the ATO calculator if ya want to play with it.
I had a novated lease and had to do 25K PA and found myself driving up and down the freeway EVERY day for a few weeks to hit the magic milage by year end so my FBT did not go from 11% to 20% and be forced to find an extra $4K to give the tax man.
I have gone with a CHP arrangement this time and write off my business % of depreciation, running exp, and interest. But then I do low km's and have high business usage (85-90%)
BTW. I'm no expert and donot presume to offer advice... just giving some public domain info for consideration along with my own experiences.
BOTTOM LINE... get your own financial advice before you rush into anything....
Last edited by richdave; 22-02-2008 at 04:47 PM.
MY12 Volvo V60 T5 Tekink in Ice WhiteMY08 125Kw TDI DSG Wagon in Mocca (02/08 - 03/12)
Guys does the build and compliance date make a big difference in price?
Just an example I ordered my EOS and had to re-order it already for the new satnav system. So it is a 2007 build car but 2008 compliance model. I should get it cheaper since it was built last year yeah? I have already gotten $6k off the price but want more now since it is a 2007 built car.
Jan 2008 Build - March 2008 Compliance.
TDI 125KW Sedan - Silver
$44,500 Driveaway
Wagga Prestige Motors
Car had just arrived at dealer as floor stock 2 days earlier. 11kms on the odometer. We'd sold my wifes car privately on the weekend and we 'desperate' for a new car, and could not wait for a Passat with leather.
R36 =
Steve, did you get any discounts at all? 78K for a VW sedan is pretty deep.
I am seriously considering the R36, but that will be based on the possibility of a discount (mind you, at one time R32 carried $6K *advertised* discount).
At this stage, I'd like to say to myself, I am not going to commit for over $65 (stock, no options - hmm.. maybe a sunroof..)
I know there are a few ppl pre-orderred R36, I wonder what kind of luck do they have?
I work for a public company, but we are relatively too small, we do have a lease program, but I don't even know how that works....
Cheers,
Steve #2![]()
My R36 Wagon set me back $81,000 on road Satnav, Dynaudio, Bluetooth, Tint, Auto Tail Gate.
PS I paid full RRP as the dealer wasn't going to move on price...and when its on pre order you dont have much choice.
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