Jump to content

All Activity

This stream auto-updates     

  1. Past hour
  2. I have some I'd swap for ambers...
  3. And I'll bet there were some Aussie cars amongst them .... yet that would probably be OK according to them ...
  4. Oh well, they come and they go. Better to be in a lovers care than neglected. Besides, they could stop the flow if they pay up. 😜
  5. Today
  6. Its always been my understanding that if I buy a $200,000 car depreciate it over 4 years @ 22.5% per year I am up for the complete tax credit repayment because the car is still worth more than the $57K depreciation limit if I sell it for say $130,000. If this is not correct then happy to be re-educated. The net result in the end is a very small portion of tax savings vs the depreciation of the actual car. Yes its nothing to be sneezed at over the life of the car and can take some of the hurt away but tax deducting a $80 / $160 / $300K car will not save you tens of thousands in tax per year - at best its 27.5% of the deduction. It is a cynical approach on my behalf but the headaches created sometimes arent worth it. For someone to be dropping Porsche money on cars, the last thing they are thinking about is fuel costs and how much tax they are going to save. BUT if you can get some money back, its better than nothing and more power to the ones who have managed to play the system to full effect - I'm all for it. EDIT: What I am totally clueless on is FBT and the impact on the business / employee. I know when my wife was working in the corporate world her PAYG summary had an FBT figure greater than $10K what does that mean to the business? I assume they paid that to the ATO which then negates all deductible benefits if you own the business?
  7. Can i ask if anyone here can have tried the AquaWax in comparison to the Meguiars X-press Wax ? Im a big fan of Meguiars X-press Wax and found it very easy to use , with great results. But always happy to go with something better.
  8. Miss the crowds and land in the Canyon by chopper. 6 of us flew from Vegas and land on a ledge (big) about a third of the way from the top. Freakin unbelievable, seeing it from the air as well. Perfect half day trip and no crowds just one other chopper in there.
  9. Now that is the most perfect sexy tight curve on that wheel arch!
  10. Hi Niko & JB, What (brand) have you found to be the best microfiber cloth to use with a black cars to minimize possible scratching/marring?
  11. Yes I had some direct experience of this! Before I exported my CGT last year I took it to Simply Porsche which is an annual gathering of Porsches at the UK National Motor Museum at Beaulieu (see photos below). This is a huge event with over 1000 Porsches attending, the museum is excellent too. A few Porsche enthusiasts I spoke with were not at all happy I was exporting the car, with some saying it should be stopped as too many cars are leaving their shores. I drove it to the docks the next day!
  12. Yesterday
  13. Interesting article, looks like it’s out of the US as it misses a lot of well known brands outside of CQuartz. Have to disagree with a lot of statements made and recommendations, application techniques, to the point that article is evidently a promotional tool rather than written by a journalist not a experienced Detailer. Just my 2c niko you cannot go wrong with the stuff you are using, I’m a big fan of the Autoglym product as well. jb
  14. Thanks for that Peter...I haven't gone to the ceramic side at this stage. Black being a real PITA to keep looking good. at this stage I am sticking to the tried and true old polish/wax stuff... I normally use the AUTOGLYM range, in polish/wax and sealers.... however. I have been using DODO Red Mist protection as the end product for the polish/wax/ sequence. I think it is better for the final finish. I rarely have to use any polish, after the wash and using the AquaWax, go over the entire body surface with the DODO JUICE. Otherwise stick with the AUTOGLYM Extra gloss protection instead. Either are very very good in my opinion. They jury is till out for me with the ceramics, although having seen the result on some cars it is obviously a good thing too.......I think
  15. Appreciate all the feedback and recommendations guys, I'm in Richmond so there's some handy locations mentioned near me! Couple of quotes for now and I'll see how I go cheers,
  16. Niko, As one of PFA's most trusted car care enthusiasts, WHAT are you using and are you happy with the results? I still thank you for your recommendation with Aquawax so would be happy to take your advice on ceramic coating too.
  17. Here's the catalogue one. Turns out it is an estate sale, and I knew the owner. He was a client for a few years, but I never knew of his interest in cars.....
  18. Arthur, the "pay back the tax man" bit really comes if your car is sold for more than the depreciated value, as you add back (some or part) of the depreciation previously claimed. Obviously this is an issue if you try to depreciate, say, an air cooled car, or a 996 / 997 and transaxle series where values aren't dropping, whereas if you bought a new Macan, Cayenne and 991 , and probably most newer Boxsters, I think you'd pretty much be suffering some real depreciation in value. So, depending on how long you own a car for, and how expensive it is (bearing in mind the depreciation cost limit and FBT values per SimonK earlier), there can be some circumstances where you can make it work. I guess as generality, this works for the cheaper end of the market best. However, what I've chosen to do with my 996, is to keep a track of business kms and will claim under the c/km method (under 5000kms claim at 66c/km), as there is no depreciation add back that I can determine under this option. As our 996 is in joint names, my wife is also using the car for some of her business stuff so she can claim up to 5000kms too. This works even better if you wanted to run a cheap Boxster where the $ claim can be really worthwhile compared to running costs....
  19. POLO getting the shine on ready for LUFT6
  20. POLO - getting the shine on ready for LUFT
  21. Your all saving them from the salty roads in the UK. They are much better off in Australia
  22. Have a read of the "top" ceramic coatings voted by CAR BIBLES. This item taken from RENNLIST Also answers most if not all of your questions at the end of the various brands suggested. https://www.carbibles.com/best-ceramic-coating-for-cars/
  23. Lots a twisties there Tom. Awesome πŸ˜‰
  24. These women keep photo bombing me πŸ˜‚
  25. Sunday trip https://www.google.com/maps/dir/The+NoMad+Hotel+Los+Angeles,+South+Olive+Street,+Central+LA,+Los+Angeles,+CA,+USA/Cedar+Springs,+CA,+USA/Crestline,+CA,+USA/Palm+Springs,+CA,+USA/@34.1103938,-117.9620932,9z/data=!3m1!4b1!4m26!4m25!1m5!1m1!1s0x80c2c7b501a0d6e9:0x285a53468afc7a09!2m2!1d-118.2554772!2d34.0469902!1m5!1m1!1s0x80c31e64b96bafc3:0xc0a37f6f497b745a!2m2!1d-117.8850634!2d34.3505556!1m5!1m1!1s0x80c350973cdb6623:0xd89ead22f2da360c!2m2!1d-117.2855993!2d34.2419509!1m5!1m1!1s0x80db1ad4ffdbe5b3:0xa1e56987c2ed797c!2m2!1d-116.5452921!2d33.8302961!3e0
  26. If you want to go out in mine just let me know and be careful what you say about the black onesπŸ˜‚πŸ˜‚
  27. From my personal experience over the last 28 years of running a business and deducting car expenses you have it pretty much summed up correctly. Either that or my accountant has ballsed it up over this period. I have no interest in claiming expenses that will need to be paid back down the track and thus don't deduct my 911 expenses. It's bad enough the asset depreciated and to add insult to injury you need to pay the tax man back all of the claim and the perceived benefit. No thanks. Owning a 911 is a first wold problem making a minor saving on tax won't make or break the amount of tax paid. The savings are insignificant. Say you have 20k of depreciation and expenses you are saving 6k a year on tax. I'm sure there are ways to get around it but the structural costs might outweigh the benefits. Ps I even talked to my accountant about setting up a car hire business that buys exotics and I rent a car through this business but the hire business is still restricted by the depreciation issues. The only way this will work is if the depreciating asset is worth $0 in the end. A bit hard to do this on a new Ferrari, Lamborghini Porsche or McLaren etc that might be held for 3 years. Happy to be shot down if all of the above is wrong or there are ways to play the system
  1. Load more activity

PFA [Porsche Forum Australia]

This is an online platform for like-minded Porsche fans/fanatics/tragics to come together to read, chat and share.

It is also a platform to arrange and participate in off-line social meet-ups, events and drives.

  • Create New...