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Tony Mc
23-11-2006, 04:40 AM
Hello all
My current lease expires January 2007. I was looking at leasing the WM Statesman 3.6. At the moment I have a price of $53,210 that includes on road costs. Work will allocate $21K per annum and payments based on a 3-year lease are $27K, which includes servicing, tyres fuel and insurance. I will do a salary sacrifice for the $6K. I do approx 50,000 klms per year. The residual value after 3 years is $24K. I do have a choice of an XT Falcon as a company car. My preference is leaning towards the Statesman but the company car is a no risk situation. The insurance through the lease company also includes a redundancy package where for 3 months the payments are covered until a new job is found.
Any suggestions re good/bad about the WM would be appreciated. Also comments on Novated Leasing would be welcome
Thank you all for reading.

Veeate
23-11-2006, 05:40 AM
Plenty of threads on here about Novated Leasing if you do a quick search.

If you are doing 50,000km a year then novated leasing should be attractive for you with the low fbt rate it will attract. Of course it also depends on other financial factors which a good accountant can help you with.

Can't help you with any feedback on the 3.6 Statesman.

Good luck with it.

cheers
Dave