Note: All costs are exclusive of GST Cost items assumptions used Example: Your costs: $ Variations in this cost item in the example Typical cost per year Vehicle Lease Costs $11,475.38 Finance arrangements will vary widely depending on: This model is based on a vehicle with a current capital if the arrangement is a lease value of $52,985 (based on or hire purchase, or typical retail value of purchase of the vehicle a 10 year old vehicle), and is through a loan; or based on a lease arrangement if the arrangement is a loan, over a 4 year term with a 25% then the purchase price, the residual, at 7.5% interest per amount borrowed and the annum. loan terms will affect and depreciation needs to be allowed for. Registration, Permits and TAC $1,355.70 These fees are current as at 1 Fees July 2017 but may change. Based on vehicle registration Additional licences may be fee of $611 and TAC charge of payable for certain types of $744.70 which is net of GST. operations (e.g. interstate Assumes payment is made on registration, oversize, port an annual basis. TAC charge security permit, dangerous assumes vehicle is garaged in a goods). high risk area (e.g. metropolitan Additional administration Melbourne). charges may apply to registration fees if they are paid in instalments. TAC charges may be lower if the vehicle is garaged in a medium or low risk area. Superannuation $4,064.01 Self-funded, based on 9.5% of own labour assumed at $42,779. Insurance Comprehensive $1,669 Rates may be higher for Vehicle interstate trucks. Additional insurance charges may apply to Based on rate of 3.15% per certain kinds of goods carried annum. Based on operator who (e.g. refrigerated goods or is over the age of 25, has at livestock). Comprehensive least 5 and no years’ experience vehicle insurance costs may claims history. Assumes vehicle vary depending upon the age is not carrying dangerous and value of the equipment goods. Assumes vehicle is insured, the insurance provider, travelling intrastate only. the amount of any excess payable, the claims individual’s history, the age and experience level of the driver and whether the vehicle is carrying dangerous goods.
Note: All costs are exclusive of GST Cost items assumptions used in the example Example: Typical cost per year Your costs: $ Variations in this cost item Vehicle Lease Costs This model is based on a vehicle with a current capital value of $52,985 (based on typical retail value of a 10 year old vehicle), and is based on a lease arrangement over a 4 year term with a 25% residual, at 7.5% interest per annum. $11,475.38 Finance arrangements will vary widely depending on: if the arrangement is a lease or hire purchase, or purchase of the vehicle through a loan; or if the arrangement is a loan, then the purchase price, the amount borrowed and the loan terms will affect and depreciation needs to be allowed for. Registration, Permits and TAC Fees Based on vehicle registration fee of $611 and TAC charge of $744.70 which is net of GST. Assumes payment is made on an annual basis. TAC charge assumes vehicle is garaged in a high risk area (e.g. metropolitan Melbourne). $1,355.70 These fees are current as at 1 July 2017 but may change. Additional licences may be payable for certain types of operations (e.g. interstate registration, oversize, port security permit, dangerous goods). Additional administration charges may apply to registration fees if they are paid in instalments. TAC charges may be lower if the vehicle is garaged in a medium or low risk area. Superannuation Self-funded, based on 9.5% of own labour assumed at $42,779. $4,064.01 Insurance Comprehensive Vehicle Based on rate of 3.15% per annum. Based on operator who is over the age of 25, has at least 5 years’ experience and no claims history. Assumes vehicle is not carrying dangerous goods. Assumes vehicle is travelling intrastate only. $1,669 Rates may be higher for interstate trucks. Additional insurance charges may apply to certain kinds of goods carried (e.g. refrigerated goods or livestock). Comprehensive vehicle insurance costs may vary depending upon the age and value of the equipment insured, the insurance provider, the amount of any excess payable, the individual’s claims history, the age and experience level of the driver and whether the vehicle is carrying dangerous goods.