Fast becoming Australia's preferred car finance option, a Novated Lease is a salary sacrifice product offered to you by your employer and can save you thousands over the term of your lease.
A Novated Lease is a simple and hassle free way for you to lease the car of your choice, on your terms, and pay for it with your pre-tax salary.
Monthly lease payments and car running costs (excluding GST) are all bundled into one easy monthly payment and are taken from your pre-tax salary. In some instances a Novated Lease can even move you into a lower tax bracket.
Novated Lease arrangements are fast becoming the method of choice to purchase a new car in Australia.
A Novated Lease is a 3 way arrangement between you, your employer and a financier (Fleetcare). Your monthly repayments are invoiced to your employer and your employer then deducts them from your pre-tax salary.
This can lead to a reduction in the total amount of tax you pay and therefore increase your disposable income.
As well as your lease repayments, vehicle operating costs including maintenance, fuel cards, registration and insurance can also be included in the Novated Lease. The great part here is that you won’t be paying any GST on your vehicle expenses or on the purchase price, thanks to your employer’s tax status - a bonus for both of you.
By including your vehicles operating costs in your Novated vehicle Lease, you won’t have unexpected expenses popping up throughout the year and as a result, you’ll be able to budget more effectively.
Every Month we have Novated Special Offers. Why not have a look at our more recent offers?