Go Back   Jeep Garage - Jeep Forum > Jeep Platform Discussion > Grand Cherokee - WK2 - > Export Grand Cherokee 2011+

Join Jeep Garage Today
Reply
 
Thread Tools Display Modes
 
  #2617  
Old 06-03-2013, 03:15 AM
Member
 
Join Date: Apr 2013
Location: Blue Mtns, Sydney
Posts: 132
Thanks: 3
Thanked 0 Times in 0 Posts
Rep Power: 977
Erina has a reputation beyond reputeErina has a reputation beyond reputeErina has a reputation beyond reputeErina has a reputation beyond reputeErina has a reputation beyond reputeErina has a reputation beyond reputeErina has a reputation beyond reputeErina has a reputation beyond reputeErina has a reputation beyond reputeErina has a reputation beyond repute
Quote:
Originally Posted by auscop View Post

Erina, The method I am using is the Employee Contribution Method. So going by the quotes I have been given I am paying no FBT. At the moment they have me down for 15000 KMs per year, with this they have set my maintenance at $7000 per year. As I am sure you know this is fuel, rego, insurance, servicing, and tyres. The balloon payment after 3 yrs is just under 47%. This works for me as I needed to get my taxable income down as I was going over the $25k limit for super.
Sounds about right. I always say be careful with these as often they cost more in after tax dollars than a simple personal loan and claim a tax deduction based on a log book.
__________________

__________________
Gone to the dark side this time. 2016 SRT looking good
Reply With Quote
  #2618  
Old 06-03-2013, 03:17 AM
auscop's Avatar
Premium Member
My Jeep: 2014 3.0L WK2
 
Join Date: May 2013
Location: Alice Springs, NT, Australia
Posts: 419
Thanks: 6
Thanked 12 Times in 10 Posts
Rep Power: 952
auscop is on a distinguished road
Garage
Quote:
Originally Posted by Erina View Post

Wish we could get a 3% rate here but our rates are about 2.5% higher overall. But part of that reason is our general economy is a bit stronger than US right now so we can't complain.

A JGC in the Arizona desert would be a great way to see an interesting landscape

Personally I think we have a lot of room to complain..

I have worked with Americans for years and am always jealous of the deals they get. It is not uncommon to get 0% a few years ago they were offering deals buy one get one free... Can't remember the brand that was doing this. In the US they will give away their grand mother to make a deal. Here you have to sacrifice you first born just to get free car mats. Service in the US of A means a whole lot more.
__________________

__________________
Reply With Quote
  #2619  
Old 06-03-2013, 03:21 AM
auscop's Avatar
Premium Member
My Jeep: 2014 3.0L WK2
 
Join Date: May 2013
Location: Alice Springs, NT, Australia
Posts: 419
Thanks: 6
Thanked 12 Times in 10 Posts
Rep Power: 952
auscop is on a distinguished road
Garage
Quote:
Originally Posted by Erina View Post

Sounds about right. I always say be careful with these as often they cost more in after tax dollars than a simple personal loan and claim a tax deduction based on a log book.
Completely agree, if I listened to some of my work mates..... And my head I would not be buying a GC and be putting it towards an investment property. However I looked everywhere and could not find a property that smelt like a new car.
__________________
Reply With Quote
  #2620  
Old 06-03-2013, 03:29 AM
Member
 
Join Date: Apr 2013
Location: Yarra Valley VIC
Posts: 98
Thanks: 0
Thanked 3 Times in 3 Posts
Rep Power: 656
Colozzie is on a distinguished road
Re: 2014 Grand Cherokee information - Australia

Quote:
Originally Posted by auscop View Post
Erina, The method I am using is the Employee Contribution Method. So going by the quotes I have been given I am paying no FBT. At the moment they have me down for 15000 KMs per year, with this they have set my maintenance at $7000 per year. As I am sure you know this is fuel, rego, insurance, servicing, and tyres. The balloon payment after 3 yrs is just under 47%. This works for me as I needed to get my taxable income down as I was going over the $25k limit for super.
Your FBT comes out of post tax contributions so is not included in the pretax quotes. To save a shock at the end of each year, my employer takes out the calculated post tax amount each pay. I think any LCT (luxury car tax) is treated this way also.
__________________
Reply With Quote
  #2621  
Old 06-03-2013, 03:38 AM
auscop's Avatar
Premium Member
My Jeep: 2014 3.0L WK2
 
Join Date: May 2013
Location: Alice Springs, NT, Australia
Posts: 419
Thanks: 6
Thanked 12 Times in 10 Posts
Rep Power: 952
auscop is on a distinguished road
Garage
Quote:
Originally Posted by Colozzie View Post

Your FBT comes out of post tax contributions so is not included in the pretax quotes. To save a shock at the end of each year, my employer takes out the calculated post tax amount each pay. I think any LCT (luxury car tax) is treated this way also.
I am not an expert by any means in regard to this. However by what I have learnt since I am using the Employee Contribution Method I pay no FBT.
__________________
Reply With Quote
  #2622  
Old 06-03-2013, 03:53 AM
Pharmaboy's Avatar
Member
My Jeep: 2014 WK2
 
Join Date: May 2013
Location: Newcastle , Australia
Posts: 187
Thanks: 0
Thanked 4 Times in 4 Posts
Rep Power: 748
Pharmaboy has a reputation beyond reputePharmaboy has a reputation beyond repute
Re: 2014 Grand Cherokee information - Australia

Quote:
Originally Posted by auscop View Post
I am not an expert by any means in regard to this. However by what I have learnt since I am using the Employee Contribution Method I pay no FBT.
Correct , you don't, but most of your lease is paid by after tax dollars and not before tax dollars. Pretty much, these days for average driving Km,s the advantage of novated leases has gone.

The tax advantages are still there if you use the vehicle for work and run a logbook, but the statutory method doesn't stack up anymore.

The big disadvantage of all this, is that there are still people in the habit of leasing their cars and haven't looked into the tax implications , and that the advantages that started them on leasing have gone.
__________________
Reply With Quote
  #2623  
Old 06-03-2013, 04:06 AM
Member
My Jeep: 2014 3.0L WK2
 
Join Date: Mar 2013
Location: Brisbane QLD Australia
Posts: 769
Thanks: 13
Thanked 31 Times in 26 Posts
Rep Power: 2141
iboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond repute
Hi everyone, welcome to the accounting thread. Would you like a Jeep with that?
__________________
2014 Maximum Steel Overland, but the misses won't let me drive it!
Reply With Quote
  #2624  
Old 06-03-2013, 04:09 AM
auscop's Avatar
Premium Member
My Jeep: 2014 3.0L WK2
 
Join Date: May 2013
Location: Alice Springs, NT, Australia
Posts: 419
Thanks: 6
Thanked 12 Times in 10 Posts
Rep Power: 952
auscop is on a distinguished road
Garage
Quote:
Originally Posted by Pharmaboy View Post

Correct , you don't, but most of your lease is paid by after tax dollars and not before tax dollars. Pretty much, these days for average driving Km,s the advantage of novated leases has gone.

The tax advantages are still there if you use the vehicle for work and run a logbook, but the statutory method doesn't stack up anymore.

The big disadvantage of all this, is that there are still people in the habit of leasing their cars and haven't looked into the tax implications , and that the advantages that started them on leasing have gone.
Well providing my leasing company is not lying to me... Excluding maint costs after 3yrs I will be out of pocket $2k. According to them I will be saving almost $7k a year in tax.
__________________
Reply With Quote
  #2625  
Old 06-03-2013, 04:10 AM
auscop's Avatar
Premium Member
My Jeep: 2014 3.0L WK2
 
Join Date: May 2013
Location: Alice Springs, NT, Australia
Posts: 419
Thanks: 6
Thanked 12 Times in 10 Posts
Rep Power: 952
auscop is on a distinguished road
Garage
Quote:
Originally Posted by iboughtajeep View Post
Hi everyone, welcome to the accounting thread. Would you like a Jeep with that?
Why do you have one? NO ONE ELSE DOES...
__________________
Reply With Quote
  #2626  
Old 06-03-2013, 04:15 AM
Member
My Jeep: 2014 3.0L WK2
 
Join Date: Mar 2013
Location: Brisbane QLD Australia
Posts: 769
Thanks: 13
Thanked 31 Times in 26 Posts
Rep Power: 2141
iboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond repute
Quote:
Originally Posted by auscop View Post

Well providing my leasing company is not lying to me... Excluding maint costs after 3yrs I will be out of pocket $2k. According to them I will be saving almost $7k a year in tax.
7k a year in tax or taxable income?

No Jeep here, it's floating somewhere in the Gulf of Panama...
__________________
2014 Maximum Steel Overland, but the misses won't let me drive it!
Reply With Quote
  #2627  
Old 06-03-2013, 04:24 AM
Premium Member
My Jeep: 2014 3.0L WK2
 
Join Date: Feb 2013
Location: NSW Australia
Posts: 982
Thanks: 82
Thanked 110 Times in 98 Posts
Rep Power: 1705
SJandL has a reputation beyond reputeSJandL has a reputation beyond reputeSJandL has a reputation beyond reputeSJandL has a reputation beyond reputeSJandL has a reputation beyond reputeSJandL has a reputation beyond repute
Re: 2014 Grand Cherokee information - Australia

Quote:
Originally Posted by iboughtajeep View Post
Hi everyone, welcome to the accounting thread. Would you like a Jeep with that?
Yes I would like a Jeep with that - Thank you for asking. And whilst we are talking all things money - has anyone paid for a 70K+ vehicle on a creditcard?

I'm just thinking about the trip to the UK next year and the additional FF points. I was thinking (mentioned it to husband who said, if you can, why not, go for it)

Rather than handing over the dosh to the dealer in the form of a bank cheque, I would whack it against the card and then pay for the vehicle using the card. I understand that they would probably want a merchant fee but that's ok.

Has anyone done this? Will dealerships accept CC's for payment, if it was authorised by the bank first?
__________________
Reply With Quote
  #2628  
Old 06-03-2013, 04:30 AM
Member
My Jeep: 2014 3.0L WK2
 
Join Date: Mar 2013
Location: Brisbane QLD Australia
Posts: 769
Thanks: 13
Thanked 31 Times in 26 Posts
Rep Power: 2141
iboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond reputeiboughtajeep has a reputation beyond repute
Quote:
Originally Posted by SJandL View Post

Yes I would like a Jeep with that - Thank you for asking. And whilst we are talking all things money - has anyone paid for a 70K+ vehicle on a creditcard?

I'm just thinking about the trip to the UK next year and the additional FF points. I was thinking (mentioned it to husband who said, if you can, why not, go for it)

Rather than handing over the dosh to the dealer in the form of a bank cheque, I would whack it against the card and then pay for the vehicle using the card. I understand that they would probably want a merchant fee but that's ok.

Has anyone done this? Will dealerships accept CC's for payment, if it was authorised by the bank first?
Yes they do and yes done that several times. They will pass on all merchant fees though. So expect 3% on AMEX.
__________________

__________________
2014 Maximum Steel Overland, but the misses won't let me drive it!
Reply With Quote
Reply

Tags
2014 wk2 au, australia, SRT, wk2, wk2 au, wk2 srt

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
2014 Grand Cherokee - Ordering Information and Pricing Milous Grand Cherokee - WK2 - 8289 09-09-2014 11:33 AM
TSB and Recall information: 1993-2015 Grand Cherokee & 2006-2010 Commander Milous Technical Service Bulletins and Recalls 5 07-23-2014 09:48 PM
2014 Jeep Grand Cherokee and 2014 MB E-class Comparison Dan JGC Grand Cherokee - WK2 - 7 01-15-2013 10:39 AM
***JeepGarage Exclusive***Latest information and updates on the "WK2" Grand Cherokee Milous Grand Cherokee - WK2 - 4 07-20-2010 06:17 PM

Powered by vBadvanced CMPS v3.2.3

All times are GMT -5. The time now is 04:51 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Copyright 2012 - JeepGarage.Org
The Jeep Grand Cherokee Owners Community

JeepGarage.org is in no way associated with or endorsed by Chrysler Group LLC.