Golf models

[BigMan]

Hi Guys,

I'm a bit confused at the moment.

What does it mean 07 build 08 compliant?

Does that mean the car is 07 model but approved for 08? is there a different between 07 GTI or GT compared to 08 one?

Obviously i would rather get 08 model for future resales value however should there be huge price different between the two models?

Another question is ABN, i was reading on another thread and something to do with registering an ABN and getting fleet discount. Can someone please tell me how does this work?

Thanks heaps!
BigMan

[Mischa]

http://www.vwwatercooled.org.au/newforum/upload/showthread.php?t=5853&highlight=my08

welcome to the forum

[BigMan]

http://www.vwwatercooled.org.au/newf...highlight=my08

welcome to the forum

Thanks Mischa!

so in reality why are they try to sell me 07 build car when it is now May 08!

i have to keep an eye on this otherwise i will be getting ripped off.

[NickZ]

Hi Guys,

I'm a bit confused at the moment.

What does it mean 07 build 08 compliant?

This means that the car was built at the end of 2007, but was compliance plated in 2008. The build date is the date it is built at the factory and the compliance plate occurs on arrival in Australia.

Does that mean the car is 07 model but approved for 08? is there a different between 07 GTI or GT compared to 08 one?

The year model is seperate to the build and compliance plate date. However, it will be a MY08 model as these models commence around August in the year before. Confirm this with your dealer.

Obviously i would rather get 08 model for future resales value however should there be huge price different between the two models?

True. MY07 is worth less than MY08. Also, a MY08 that is 07 build 08 compliance may end up being worth less than a MY08 that is 08 build and compliance.

Another question is ABN, i was reading on another thread and something to do with registering an ABN and getting fleet discount. Can someone please tell me how does this work?

I imagine this depends on the size of your company, number of vehicles you plan to buy, etc. Don't know much more though.

[BigMan]

Thanks NickZ

I need to find out more from the dealer, perhaps i should be asking for 08 build and compliance model instead of 07 build then 08 compliance

In regards to the ABN the other thread was saying paying $90 and register an ABN with the fleet program. So i just want to know how ppl does that.

I need Golf now!!! its driving me crazy day and night. thats all i think about last few weeks.

[Manaz]

I'd heard the same thing about registering for an ABN to get the fleet discount, but was told in another thread (http://www.vwwatercooled.org.au/newf...ad.php?t=16154, 2nd page) recently that the system doesn't work that way.

[gregozedobe]

so in reality why are they try to sell me 07 build car when it is now May 08!

i have to keep an eye on this otherwise i will be getting ripped off.

Not necessarily. Remember it takes 2.5-3 months from when it is built to be shipped to Australia, complianced, transported to your dealer, prepared for delivery and registered. So the earliest you could expect to get a 2008 build would be mid-march, and a late Dec 2007 build car will have only been in Australia for 2 months at the end of May.

But if the dealer is offering you a 2007 build car it would be worth asking for a bigger discount for accepting an "old" car, as a 2008 build car will be worth more than a 2007 build when you go to sell it in the future.

If they happened to offer you a 2006 build car I would just say No, as it isn't good for cars to sit around unused for long periods of time.

[GLR32]

Also...

I'd heard the same thing about registering for an ABN to get the fleet discount, but was told in another thread (http://www.vwwatercooled.org.au/newf...ad.php?t=16154, 2nd page) recently that the system doesn't work that way.

Further to the answer in the above thread. You also need to have a letter from your company saying that you will actually use the car for some business purposes, although the dealer I spoke to said that was somewhat open to interpretation.

Checked with your employer to see if they have a salary packaging scheme? That might be a way to get a good discount and save some tax $ in the process. It won't work for everyone though, so seek advice from an accountant or financial advisor too.

[BigMan]

salary

In regards to salary sacrifising, i heard if you lease the car then you must do 25,000 KM a year in order to meet the requirment

is this true?

[Manaz]

In regards to salary sacrifising, i heard if you lease the car then you must do 25,000 KM a year in order to meet the requirment

is this true?

Not true. You can salary sacrifice and do 0km a year, though it'll hurt you when you have to pay FBT (fringe benefits tax).

Basically, salary sacrificing means you pay for your car before payroll tax. And then the number of kilometers you do each year is used to determine how much FBT you pay - generally speaking, the more km you drive (regardless of whether it's business or personal use), the lower your fbt tax will be.

The brackets which determine FBT tax are:

Less than 15,000km travelled a year – 26% FBT liability = 0.26 statutory %
15,000 – 24,999km – 20% = 0.2 statutory %
25,000 – 40,000 – 11% = 0.11 statutory %
Over 40,000km travelled in a year – 7% FBT liability = 0.07 statutory %

The idea is to pay as little FBT as possible, as this reduces the overall tax that you pay each year to the tax office.

[Pirate_Monkey]

I could be wrong but doesn't your employer pay FBT?

[NickZ]

Your employer is liable, but the employer then factors that in with your salary deduction, so you end up paying for it.

Salary sacrifice benefits people who do high kms or on a high tax bracket, preferably both. If you drive 50000km a year then it is worth sacrificing even if you are on 30% bracket as FBT is so low, however if you drive <25000km a year then it is only beneficial when you are at the maximum tax bracket, and even then it is not a big saving.