Thursday, Mar 13, 2008 at 09:19
Roachie,
Can't understand doing 5k to 10k just to get the kilomoetres up.
That must be $1000.00 to $2000.00 in fuel alone, plus wear and tear. I think he needs to have another look at his tax and income.
I cut my FBT by 33% by having a car more than 6 years old.
And maintenance (and a few accessories here and there) are tax deductable. :o)
Plus it is off lease now, so I can put that money into something else.
Same with the wifes car, 74 beetle. Paid less than $2000.00 for it, so max I pay in FBT is $500.00 a year.
Know a few people buying old mercs etc as company cars. A lot less FBT, and the restoration, sorry maintenance, is mostly tax deductable.
And I don't have to do high milage to keep FBT down since the capital value is less.
Just got to be willing to drive and older car. :o)
As old as the driver is ideal. :o0
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