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No repayments on SMSF car lease

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Uploaded by on Apr 19, 2009

Question: Last week you opened a new door for me about getting money out of my Self Managed Super Fund. I am desperate for money and my SMSF is cashed up. I want the SMSF to pick up a new car and lease it to my wife. She has $3m in a Self Managed Super Fund. That is $150k available. We only want a $100k car. I don't want to make any repayments on the car until we get to 5% of the net market value. Can we capitalise the lease repayments?

Not wanting to make this too complex, but we are going overseas for 6 months and are happy to allow the SMSF to lease the vehicle to non-related parties.

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