Car allowance of R5000.

[Picard]

What range of car can you finance with that money. Insurance for a 28 year-old included.

No, it's not for me. <sigh> It's my brother.

 

[Nuro]

Just make sure whatever he buys, that he does enough mileage to keep the tax man happy, else they nail you

 

[Mars]

Also keep in mind that the car allowance also needs to cover tires, oil, excess in case of an accident...
It doesn't help to max out the allowance on repayments and insurance, then drive around with a huge dent or scrape on your new car because you can't afford the excess... you've seen them...

 

[Picard]

I'll tell him about it.

He will factor in general running costs in this allowance though.

 

[adamr]

R250k odd ...

 

[Shake&Bake]

R250k odd ...

Like yeah - it's just R250k odd

I know what you meant - just poking - so bored out of my skull and frustrated with my damn web connection tonight - so I'm trolling

 

[KSINGH]

I'll tell him about it.

He will factor in general running costs in this allowance though.

i doubt he would

happy shopping though. let us know what he decides on.

 

[Pooky]

Save up for a few months and then buy a car cash.

 

[Sensorei]

Scirroco 1.4TSi 118kw. R282k. Worth saving a few months for a nice deposit. Mmmmmm

 

[KSINGH]

Save up for a few months and then buy a car cash.

cmon man! he would have to save for about 4 years to get a car of that size car allowance! and if he aint got an expensive car and doing good mileage, the taxman will cream him.

 

[KSINGH]

Scirroco 1.4TSi 118kw. R282k. Worth saving a few months for a nice deposit. Mmmmmm

i thought the trend/advice at the moment would be a used car

 

[koeks]

yea... you can get a good G5 GTI DSG with all the bells and whistles for R200k or so...

 

[ALFAHOLIC]

Why would you even utter the words G5 GTI??? Get a BMW or A3 or GTA or REnault Sport or OPC or something different other than a G5 GTi...common!

 

[koeks]

it's a good car. i do agree with you on the other cars except the GTA

 

[davemc]

2010 is the end of the car allowance tax benefit (without a detailed logbook), so, buy extremely carefully.
I would advise on re-negotiating the remuneration package to exclude the car allowance.

 

[USZA]

2010 is the end of the car allowance tax benefit, so, buy extremely carefully.
I would advise on re-negotiating the remuneration package to exclude the car allowance.

Agree. The best advice given yet.

 

[Robocop]

Why would you even utter the words G5 GTI??? Get a BMW or A3 or GTA or REnault Sport or OPC or something different other than a G5 GTi...common!

One word.........

MiTo

 

[Myzer]

2010 is the end of the car allowance tax benefit (without a detailed logbook), so, buy extremely carefully.
I would advise on re-negotiating the remuneration package to exclude the car allowance.

SO what does that mean in laymans for those that get car allowances?

 

[koeks]

hahaha guys don't gorfet when buying a car you should also take into consideration that when the **** hits the fan and you need to sell it, if you have a GTA then you are in deep shyte if the car has a shyte resale value

 

[KSINGH]

Agree. The best advice given yet.

would that be for the 2011 financial year? I hope so