Comments on: Car industry looks to interest rate cuts for relief

By: The Realist

The Realist — Fri, 06 Feb 2009 22:21:14 +0000

Andrew M Says:
February 6th, 2009 at 5:37 pm
“Realist,
well why should aussie tax payer money thats supposed to be to help aussie manufacturing industry be given out to off shore manufacturers???”

It’s supposed to help all people working IN the car industry i.e. all the manufacturers that import have thousands working for them too, directly or indirectly.

Andrew M Says:
February 6th, 2009 at 10:28 pm
“Frontman,
im starting to think the aussie government is run behind the scenes by Toyota.”

Could explain the TRD fiasco!!

By: Andrew M

Andrew M — Fri, 06 Feb 2009 11:28:59 +0000

Frontman,
im starting to think the aussie government is run behind the scenes by Toyota.

the amount of smoke and mirrors that is going on was once only a stunt toyotas marketing people could pull off.

perhaps ruddy is a stig and his real identity is Mr toyota marketing???

Its the publics stupid fault for believing half the crap we get fed.
We are all just a bunch of pawns.

By: Frontman

Frontman — Fri, 06 Feb 2009 06:55:27 +0000

Andrew M Says:
February 6th, 2009 at 5:37 pm
Realist,
well why should aussie tax payer money thats supposed to be to help aussie manufacturing industry be given out to off shore manufacturers???

C’mon you don’t think the have really thought that far ahead do you????

By: Andrew M

Andrew M — Fri, 06 Feb 2009 06:37:01 +0000

Realist,
well why should aussie tax payer money thats supposed to be to help aussie manufacturing industry be given out to off shore manufacturers???

By: Frontman

Frontman — Fri, 06 Feb 2009 00:01:53 +0000

Hey AndrewM, nah I don’t think MR07 & the ugly duckling would be just flowering up something we already had. Would they???? :p
Just like so many other plans, rescue packages and stimulii they have given us………….

By: The Realist

The Realist — Thu, 05 Feb 2009 22:13:47 +0000

Andrew M Says:
February 5th, 2009 at 9:36 pm
“I gotta wonder if the incentive only applies to aussie made purchased vehicles……
I bloody hope the incentive doesnt apply to imported vehicles”

Imported cars are in.

That X6 is starting to look quite tempting…

By: Andrew M

Andrew M — Thu, 05 Feb 2009 10:36:06 +0000

I gotta wonder if the incentive only applies to aussie made purchased vehicles……

I bloody hope the incentive doesnt apply to imported vehicles

By: Andrew M

Andrew M — Thu, 05 Feb 2009 10:34:56 +0000

Frontman,
i already gathered what the 30% referred to, all it really means is that next years depreciation will come a year early.

they make it sound as though you can claim on something you never could before.

its pretty much letting you claim a bit more in advance in the way the letter i got from the ATO yesterday informs me i can defer 20% of my tax.
Ive still gotta pay it at the end of the day in the same way i still get to claim that “30%” at the end of the day.

they are just letting you hold onto their tax money for a bit longer, or giving you back your tax money earlier.

By: Frontman

Frontman — Thu, 05 Feb 2009 08:00:47 +0000

AndrewM the wording should be 30% depreciationin the first 12 months. Still won’t do anything for those on leases, but will work okay for those on Chatel Mortgages.

Want a really strange quirk from history though?? Previuosly when interest rates were low the car market slowed, when home rates went high, housing died but car sales increased. Source of that is only personal experience.

By: Andrew M

Andrew M — Thu, 05 Feb 2009 07:38:06 +0000

QUOTE…….
“It’s understood that many businesses will be able claim a deduction for up to 30 per cent of the cost of a new vehicle,”
Whats new?? all business purchases are currently 100% deductable.
I assume they mean you can claim 30% in the first year which.
The wording is incorrect as business purchases are currently 100% deductable anyway.
what it should read is that you can claim 2 years worth of depreciation straight up.