Changing VE odometer reading

[5.7heaven]

hi all,

i have a friend with a VE SV6 manual, owned under novated lease. he has to clock up 7000km in the next week or so, which as a full time worker is near on impossible. ive heard that when you change a dash cluster they can reprogram them to suit the new car, including odometer reading? is this possible? can my friend get his odometer reading changed without having to drive across australia twice in the next week?

[JezzaB]

You joking right? On a public forum. New clusters are programmed to the ACTUAL KM the car has traveled

Big fines, fraud and against the law. I would suggest you get this thread removed

[5.7heaven]

a simple no would've been suffice..
thankyou

[Tre-Cool]

if he hasnt done the km's, then perhaps he needs to re-think his lease details or cop the extra fbt costs on the chin.

Pretty simple really.

[SSVHM2.5]

Put it up on jacks, attach a brick to the throttle and run it all night in top gear at 160kmh....

[tacka007]

Put it up on jacks, attach a brick to the throttle and run it all night in top gear at 160kmh....

lol i was just bout to say that bahahahahaha

[Hi Octane]

Ask yourself this, will the tax dept come & read his odo reading, i think not.

[185iboy]

Do a ferris bueller in the garage every night after work and use $700 in fuel.

[sixlta]

Lend it to kids, they sort it out in a few days!
Jezza ain't being harsh mate, just a straight to the point reply to a question which shouldn't need to be asked, also, I can almost guarantee , the tax department, won't come and site the car, I have been on leases for 12 years, not once have they looked at the vehicles,

[5.7heaven]

funny you guys say that, for the past week its been up on stands, wheels off, cruise set at 90km/h for 4hrs....i kid you not, thats how desperate he's become...im waiting for the frantic midnight phone call to help him retrieve it from his neighbours pool

[CLUBRED]

You'll need the fire brigade first, with no air moving over it it's toast, may aswell go bush and burn it.

[Hi Octane]

Just bodge the odo reading......

[lease1]

When you do the final odo declaration just put in the km's you need!

[redvxr8clubby]

You'll need the fire brigade first, with no air moving over it it's toast, may aswell go bush and burn it.

At 90 Km/h engine would be turning at about 1500 revs, no load, I'd think the engine fans would cope. Bizzare thing to do though. The purpose of this is to have more Kms on the car for tax deduction reasons?

[Strick]

You wont be able to dodge up the KMS because everytime you put in fuel you have to state the kms. however you could just add 7000kms to the current kms then everytime yo fill up state that there 50 or 100 less on actual distance travelled, would only take 70 or 140 fuel ups........

Just cop it on the chin, change the KMS with the lease company and crack on.

[KAL SPL]

Hire a dyno , peg 250km/h , be there in no time :)

Congrats on troll thread though :)

[Forbz]

hahaha.. What a funny story

Good Luck to him

[1BEAST2NV]

hahah some funny shit.....

depending on the car, i was under the impression that if u can find a dash with MORE km's on it that when u put that dash into the car it holds the kms thats recorded on that dash cluster???

someone correct me if im wrong.

otherwise if he's worried about it flying through the fence, take the tail shaft off, doesnt have to be on to run the car in gear :)

[the big fist]

Hire a dyno , peg 250km/h , be there in no time :)

Congrats on troll thread though :)

in 28 hours !

[6_litre_man]

You wont be able to dodge up the KMS because everytime you put in fuel you have to state the kms.

Not quite true, ive got shell, BP and Caltex fuel cards with my lease and have never once given them my odometer when i fill up. They ask for it and i just say no, pay for the fuel and im done. The only time i ever declare my k's is at the end of each FBT year.

Cheers
Matt

[1BEAST2NV]

how many k's u gotta do if ya got a lease??

[JimmyXR6T04]

Interesting posts here... I have to punch my odo into the eftpos machine at each fill, so my kms are tracked...

Secondly, is it possible that he might not have to do the kms at all? 7000km out is a pretty big error on his part though, what kms did he nominate? Under my lease, my FBT is 20%, and i've nominated 20,000kms. I've been told if i don't make the kms then i won't incur anymore FBT as i'm still in the 20% bracket regardless. I guess if he's been on a lease for a few years and has nominated big kms then his FBT will be lower hence needing to do the kms to keep it in check...

[6_litre_man]

how many k's u gotta do if ya got a lease??

How ever many you nominate, you have to nominate a figure so they can calculate how much is needed for fuel in the repayments, plus how ever many ks you nominate determines how much FBT you pay. Or at least it used to, im pretty sure its all changing to a standard 20% FBT for whatever km's you nominate. It used to be that if you did 45,000kms+ a year you paid 7%, 25,000-45,000kms it was 11%, 15,000 to 25,000 it was 20% and 0 to 15,000 was i think 22 or 25% FBT.

Cheers
Matt

[morpheousssv]

Caltex you need to enter kms, all others it is xxxx is all you need and then at end of lease which is at the end of this month by the way - declare your travelled ks. 25000 if your an every day driver is average

[1BEAST2NV]

Whats FBT??

[morpheousssv]

Fringe Benefit Tax

[6_litre_man]

Caltex you need to enter kms, all others it is xxxx is all you need and then at end of lease which is at the end of this month by the way - declare your travelled ks. 25000 if your an every day driver is average

even for caltex ive never entered my km's, i must just be lucky lol

[1BEAST2NV]

or scary lol ahaha



im looking into what invovled with leasing a car atm,

I use my v8 100series cruiser for work evey day and only drive the clubby of an arvo if lucky, mainly weekends.

so wondering what a new cruiser would cost me ??

[morpheousssv]

dont Lexus do their own leasing ??

talk to Con, he will be just the man with all the info for you Kev

[lease1]

If you need to enter your km's to fill up, it's to assist you and the lease company in monitoring your km's, it's not a declaration. The only thing you need to worry about is the declaration on 31 march each year, so tell them what they want to hear. I'm on my 4th lease and my km's have never been checked

[mjrandom]

A friend's brother had a similar problem a few years ago though it wasn't 7k. He drove to work via the Gold Coast every day for two months. He worked at Acacia Ridge and lived about 8km away! Realistically if you bodgey the reading you can get caught (fuelling up, services, wheel alignments etc as each time the odometer is recorded and logged when the invoice is passed onto the lease company) and you have to make up these 7k and the whole of the next year allocation or it just gets worse. Was there a reason why he didn't do the ks? If the car is off road or he is away (and the car is at work with the keys at reception etc) then you can adjust the km travelled. Otherwise he really needs to assess what he has signed up for and decide to change his lease terms if he won't do the ks. Afterall I presume he is paying maintenance and fuel etc based on the higher km to be travelled.

[fekason]

It might be a small point, but the declaration of the odometer reading on 31st March each year is a legal declaration. You might not get caught if you lie, but if you do, the impact is significant.

The following link gives an indication of salary sacrificing cars and FBT, and the changes to FBT that are being rolled out over a number of years.

http://www.fleetcare.com.au/go/blog/fbt-fringe-benefit-tax-changes-budget-2011

Rather than incur FBT, most salary sacrifice arrangements have the driver pay the equivalent of the FBT out of after tax dollars. Of course, that alters if your employer is FBT-exempt or FBT-rebatable. My employer is FBT rebatable, so I pay the FBT myself (at a lower rebated rate), and the full cost of the vehicle is effectively tax deductable.

A good reason to enter the odometer reading on refuelling is that it lets the company managing your salary sacrifice know how you are going, and they can be proactive about managing your FBT liability. It is really too late to react one week out.

The whole scheme is moving to a flat 20% FBT when the new regime is fully rolled out. One of the key arguments by the Greens for the change was the perceived incentive for owners to drive more to reduce their FBT laibility. From some of the comments on this thread, I would add the incentive to lie about the odometer reading as well. There could be an argument that those who have abused this salary advantage have at least in part ushered in these changes. The only winners are those who only cover less than 15,000 km per year. From there to 24,999 km break even. The rest lose.

[loudvtss]

How many more years has he got left on his lease? 7,000 kms is a lot to be short every year. Maybe he should re-evaluate his nominated mileage and just pay extra FBT instead of having to do the extra driving which costs him time, plus fuel, plus wear and tear and then his car has a higher odometer reading.

[5.7heaven]

he only lives about 3km from work, goes to and fro work, and thats it. the local pub is only 800m away, same as the shops, he'd be lucky to clock up 20,000km in 2yrs!!

[the big fist]

even for caltex ive never entered my km's, i must just be lucky lol

I don't have to enter km's on my caltex starcard. I find that when you receive a new card, it asks you and if you hit zero and enter and it doesn't ask again.

[morpheousssv]

I don't have to enter km's on my caltex starcard. I find that when you receive a new card, it asks you and if you hit zero and enter and it doesn't ask again.

GOOD TIP will give that a go next time the card is replaced

[Toddler78]

do the VE's still have the cable speedo in going to the trans? just undo that connect it up to the cordless drill and ziptie the trigger down :confused:

[Skedy]

i have heard off people hooking up walkmans to there rear abs sensors and then playing a track....
apparently music has the same wavelength as the abs sensors.....

just a thought :diddy:

[MYVYSS]

I would go for the Lie on this years Declaration and then catch up with KM's as fast as possible. If he is still struggling and needs a hand I am happy to take his car for a drive every weekend.... He pays fuel and a slab I can clock up 1400km a weekend in no time.

[markone2]

$80 in current aus currency...if your prepared to sign stat dec....$300 otherwise

[jboy21]

do the VE's still have the cable speedo in going to the trans? just undo that connect it up to the cordless drill and ziptie the trigger down :confused:

not likely, but if its electronic possibly he could rig up a square wave generator in place of the sensor