A quick back ground. Just getting my first full time job with BHP, earning a happy sum that fits me in the 2nd top tax bracket, bugger.
Semi-decided that Novated leasing is the way to go as it comes off pre tax income = less tax (in very simple terms
)
Now, family decided that I'm too young to own a $45K car, and should buy a 2nd hand $20K car instead.
I've done the maths for the novated lease, and im roughly $220 a week out of pocket. This includes repayments , insurance, fuel, rego, servicing, tyres, road side assistance, etc etc.
Now i need to figure out what, roughly, the cost of buying and running a $20K 2nd hand 4x4 is.
So far i have
Loan (5 years) $100.00 (based of double what i borrowed for my bike)
Fuel $75.00 (50L/week @ $1.50/l)
Rego $7.69 ($440 or so a year)
Havent got anything for tyres, servicing, or insurance yet. But would be guessing that all up it would be within $20 of the newer car?
Just looking for average costs from people with Hiluxish sized 4x4's. (just took a long way to say it).
Cheers, sorry for the essay, Im also trying my hardest not to study
Semi-decided that Novated leasing is the way to go as it comes off pre tax income = less tax (in very simple terms

Now, family decided that I'm too young to own a $45K car, and should buy a 2nd hand $20K car instead.
I've done the maths for the novated lease, and im roughly $220 a week out of pocket. This includes repayments , insurance, fuel, rego, servicing, tyres, road side assistance, etc etc.
Now i need to figure out what, roughly, the cost of buying and running a $20K 2nd hand 4x4 is.
So far i have
Loan (5 years) $100.00 (based of double what i borrowed for my bike)
Fuel $75.00 (50L/week @ $1.50/l)
Rego $7.69 ($440 or so a year)
Havent got anything for tyres, servicing, or insurance yet. But would be guessing that all up it would be within $20 of the newer car?
Just looking for average costs from people with Hiluxish sized 4x4's. (just took a long way to say it).
Cheers, sorry for the essay, Im also trying my hardest not to study

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