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What is a reasonable life for a vehicle?

So we have to be reasonable when claiming against Australian Consumer Law. For instance if you spent $50 on a product you would expect it to work when purchased, but would it be reasonable for it to still be working as purchased 12 months later?

In the case of my Mercedes Benz I paid a fair price for it, and I would reasonable expect it to work as purchased for a lot of years.

To the point, the Australian Tax Office see the useful life of a vehicle at eight years; that’s the amount of time you can claim depreciation. My vehicle was less than that age when Mercedes decided they would stop my software from operating.

Check out page 259 for the official Australia Tax Office life. – TR 2017/2W – Income tax: effective life of depreciating assets (applicable from 1 July 2017)

Is three years a reasonable life for your vehicle to stop operating as it was purchased?

Nick

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