Thoughts on selling car that we own outright and getting an EV on novated lease?
Wife and I are toying with the idea of selling her car (2019 Suby Forester) and getting a EV (looking at BYD Atto 3) on a novated lease.
Have done the maths and we can get $27k~ for her car, with out of pocket lease costs being around $480 p/f. We’ve estimated running costs per annum for her car $6k which we would also save with the lease giving us an excess over a three year period of around $6-8k.
We would also be able to use the cash from car sale to offset our mortgage, may not make a lot of difference but the idea of having a little extra in case of a rainy day appeals to me.
Would love any thoughts/perspectives both good and bad.
Cheers