Electron pays for itself over 5 years

There has never been a better time to buy an Electron!

Alans ElectronAlan Gray purchased a Blade Electron® in 2008 for use in his business, and has travelled over 20,000 trouble free kilometres. Recently he sent us this cost breakdown for the current situation, with surprising results!
$43,636 Purchase price ex-GST (which is claimable for company car). Full price $48,000.
Tax deductions over five years:
+ $9,599 22% depreciation
+ $7,847         ”
+ $5,840         ”
+ $4,555         ”
+ $3553         ”
= $31,034 Total deductions
- $9,310 Saving from deductions (at 30% company tax rate)
- $3,000 Servicing cost savings: $600 p.a. over 5 years
+ $970 ‘Fuel cost’ from GreenPower™ (20,000 km p.a.) – $194 p.a. X 5 years
- $11,700 Fuel cost of petrol equivalent: 9 litres/100 km @ $1.30/litre* – = $2340 p.a. X 5 years
- $21,280 Residual value after 5 years –
RACV-influenced estimate of 40%**
= $1396 (profit) Total Cost of Ownership over 5 years
*Assumes fuel cost will average $1.30 / litre over the next four years. This may well be higher.
**Battery life is a key determinant of the value of a secondhand electric car. A driving pattern of 60-75 km/day suggests a battery life of ten years. Two year old Electrons are already selling on the secondhand market for $32,000.
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