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Old 22-08-2013, 09:26 PM   #1
Batman105E
Regular Member
 
Join Date: Jan 2011
Posts: 72
Default Lease is ending - what to do?

Hey everyone...

My wife gets the choice of either a car allowance for leasing a car or a company car, or the cash equivalent with her job.

The lease on our MB TDCI Titanium Mondeo, which is in excellent condition and travelled 85,000ks is about to end and we have some decisions to make.

1. We could sell the Mondeo and lease another new car, however the tax benefits of leasing no longer apply and it is not worth it in my opinion.

2. We could sell the Mondeo and get the company car - Holden Commodore, we would rather walk than drive a Holden product all the time.

3. Pay out the balloon payment and keep the cash equivalent. The kicker here is that the balloon payment is only $13,300.

What would you do? Given it is only 3 years old and how happy we are with the car I think the decision is pretty easy. Happy to hear your thoughts.

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