Cars & Motorbikes Need car for new job - tips?

Discussion in 'Living Room' started by Scotty3, 4th Jan, 2016.

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  1. Scotty3

    Scotty3 Well-Known Member

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    I have never needed a car for work, however I'm considering a new role which would require a vehicle to meet clients.

    Looking for some strategies and suggestions for this.

    Things to consider:
    Tax
    Payment type: eg outright, lease etc
    Documenting process for travel - assuming I need a log book of some type

    Cheers

    Scotty
     
    Scotty3, 4th Jan, 2016
    #1
  2. D.T.

    D.T. Specialist Property Manager Business Member

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    What percentage of personal vs work use do you think there'd be?

    How many km do you think you'd do per year?

    The above will help give more accurate answers, but keeping a log book for 3 months will be very handy.
     
    D.T., 4th Jan, 2016
    #2
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Is it something that will be on a novated lease & salary packaged or out of your pocket?

    How often will you require a car?

    Are other options viable eg: Go Get?
     
    Scott No Mates, 4th Jan, 2016
    #3
  4. Scotty3

    Scotty3 Well-Known Member

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    Hi DT

    Majority would be for work as we have a family car.

    Say 85 -90% work vechile
    Around 20,000 p/a. This would include driving to and from work as well as driving to meet clients.

    Approximates below:
    10,000 for driving to work
    10,000 for driving from the office to clients

    Cheers,

    Scotty
     
    Scotty3, 4th Jan, 2016
    #4
  5. Scotty3

    Scotty3 Well-Known Member

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    Scotty3, 4th Jan, 2016
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  6. geoffw

    geoffw Moderator Staff Member

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    Driving to work may not be deductible. Get answers from an accountant on the best way to do this otherwise you may miss out on deductions.

    Google "novated lease" for information on leasing. It can be a good method and perhaps will get you around the above method.

    Apparently there's some good log book apps out there. A quick search shows "ATO Vehicle Logbook" in the iTunes store. There may be more in iTunes and Google Play. I'd check their admissibility with your accountant.
     
    geoffw, 4th Jan, 2016
    #6
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  7. JacM

    JacM VIC Buyer's Agent - Melbourne, Geelong, Ballarat Business Member

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    Take a peek at GPS Logbook

    Aside from that I'd look into whether the remuneration at the new job justifies forking out for a car. If the only reason for shifting to the new job is money you want to check you're not chewing through the payrise acquiring and maintaining a second car.
     
    JacM, 5th Jan, 2016
    #7
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  8. Scotty3

    Scotty3 Well-Known Member

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    Thanks JacM

    It is more money and secure commissions.

    Seems logical to have a preliminary conversation first to get the details.

    Appreciate yours and everyone help

    Cheers

    Scotty
     
    Scotty3, 5th Jan, 2016
    #8
  9. bob shovel

    bob shovel Well-Known Member

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    Also what type of automobile? High end? Or is there a budget or would the clients expect a BMW x5 or good to go in a Ford Territory?
     
    bob shovel, 5th Jan, 2016
    #9
  10. lost nomad

    lost nomad Well-Known Member

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    What is your probation period?

    Personally I wouldn't lock myself in to a lease/purchase unless I was happy/ certain they were happy.

    During my probation I visited clients by hire car, Go Get & public transport. Kept the receipts for tax time to claim against my car allowance payment. I then purchased a car after the probation was over.
     
    lost nomad, 5th Jan, 2016
    #10
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  11. JacM

    JacM VIC Buyer's Agent - Melbourne, Geelong, Ballarat Business Member

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    JacM, 5th Jan, 2016
    #11
  12. Azazel

    Azazel Well-Known Member

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    Always keep a logbook, whether it's a hardcopy physically in the car or entered electronically.
     
    Azazel, 5th Jan, 2016
    #12
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  13. Scotty3

    Scotty3 Well-Known Member

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    I wouldn't need to drive them around, however I'd perhaps be seen so something relatively respectable but doesn't need to be flash

    This is a great idea - I'll look into this
     
    Scotty3, 5th Jan, 2016
    #13
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