Top 5 Luxury SUVs for Novated Leasing in 2024
Are you considering a luxury SUV that blends high performance with tax efficiency through a novated lease?
Novated Finance Australia helps make driving a premium SUV possible and affordable. With a novated lease, you bundle all your vehicle costs into a single pre-tax payment, making it a tax-smart way to drive a high-end vehicle without the typical high upfront fees. All expenses are covered in a straightforward payment, from fuel and maintenance to insurance and registration.
Luxury SUVs offer more than just style—they deliver advanced safety features and high-end technology that elevate each drive.
Here are our top five luxury SUVs available for novated leasing in 2024, each bringing unique advantages and tax-saving benefits.
Why a Luxury SUV is Perfect for Novated Leasing
Luxury SUVs stand out for their high performance, premium features, and attractive looks. Leasing through Novated Finance Australia also offers financial advantages.
Key Benefits of Leasing a Luxury SUV:
Tax Efficiency: Choose a luxury SUV, especially an electric or hybrid model, and you may see savings through reduced taxable income. Electric SUVs often qualify for fringe benefits tax (FBT) exemptions, adding to the financial advantages.
Advanced Safety Features: Luxury SUVs are known for their comprehensive safety features, including adaptive cruise control, collision warnings, and lane-keeping assist, offering peace of mind on every journey.
Enhanced Comfort and Technology: Luxury SUVs offer a range of premium features, from spacious interiors to advanced infotainment systems, creating a comfortable, enjoyable ride with a focus on the latest technology.
Top 5 SUVs for Novated Leasing:
1. Mercedes-Benz EQC: Luxury Meets Sustainability
The Mercedes-Benz EQC is a leader in the luxury electric SUV category, combining innovation with premium design. This all-electric model provides a refined and quiet driving experience, making it a top choice for professionals who value sustainability without sacrificing comfort.
Powertrain: Fully electric, designed for a quiet and efficient ride across cityscapes and highways.
Interior: Offers a spacious, luxurious cabin with high-end materials and finishes, creating an ideal blend of comfort and sophistication.
Safety: Advanced safety features such as adaptive cruise control, blind-spot monitoring, and automated emergency braking enhance safety on every journey.
With fringe benefits and tax exemptions for electric vehicles, the Mercedes-Benz EQC offers significant financial savings. Ideal for those seeking to make an excellent choice without sacrificing luxury, the EQC combines cost efficiency with a premium driving experience.
2. Volvo XC40 Recharge: Compact Yet Powerful
The Volvo XC40 Recharge embodies Volvo’s commitment to sustainability and design excellence. This compact electric SUV is perfect for city dwellers and long-distance drivers, featuring minimalist Scandinavian aesthetics and a high-efficiency electric powertrain.
Design: Sleek and modern with Scandinavian-inspired interiors that emphasise simplicity and functionality.
Electric Power: Fully electric, the XC40 Recharge is cost-effective in fuel savings and environmentally friendly.
Safety: Known for industry-leading safety features, including Volvo’s Driver Assist system and lane-keeping aid.
This model’s electric efficiency, combined with potential tax savings, makes it a top choice for urban professionals looking for a compact SUV with high-end features. The Volvo XC40 Recharge brings the style, comfort, and advanced technology expected from a luxury vehicle.
3. Lexus NX 450h+: A Hybrid with Versatility and Comfort
The Lexus NX 450h+ is a plug-in hybrid that brings the best of both electric and petrol driving, providing the flexibility to handle both short commutes and long trips effortlessly. Lexus combines its reputation for reliability with the hybrid technology in this stylish model.
Hybrid Power: Features electric power for shorter drives and petrol for longer trips, making it versatile and fuel-efficient.
Interior: Offers Lexus’ renowned attention to detail, from its high-quality upholstery to state-of-the-art infotainment systems that keep you connected.
Safety: Comes with Lexus’ comprehensive safety system, which includes pre-collision detection, lane departure alert, and automatic high beams for enhanced security.
The NX 450h+ offers an excellent balance of electric efficiency and petrol reliability, along with significant tax savings under a novated lease. This SUV combines flexibility with comfort, perfect for those who want a better option without range limitations.
4. Kia EV6 Air: Long-Range Capability and Rapid Charging
The Kia EV6 Air is an electric SUV that combines stylish aesthetics with practicality. It offers long-range capabilities and quick-charging options that make it suitable for both city and highway driving. With an impressive range and cutting-edge features, the EV6 Air provides a high level of practicality.
Extended Range: Its long-range battery offers efficiency for longer journeys without range anxiety.
Interior Space: Designed with ample legroom and a user-friendly layout that maximises comfort for passengers.
Rapid Charging: Fast-charging capabilities make it convenient for drivers who don’t want long charging downtimes.
For those looking for a cost-effective, convenient, and stylish electric SUV, the Kia EV6 Air combines a high degree of functionality with tax-saving benefits under a novated lease, making it a solid choice for those who value efficiency and innovation.
5. Mitsubishi Outlander PHEV: Practicality Meets Performance
The Mitsubishi Outlander PHEV offers a practical approach to hybrid driving. It can be fully electric for short commutes and petrol-powered for long trips. Its spacious interior and tech-savvy features make it ideal for professional and personal use.
Hybrid Flexibility: Plug-in hybrid technology allows drivers to alternate between electric and petrol, offering cost-effective versatility.
Roomy Interior: It provides ample space for passengers and cargo, making it a practical choice for families or professionals who need additional space.
Safety Features: This is a comprehensive safety package with features such as blind-spot monitoring, forward collision mitigation, and adaptive cruise control.
The Outlander PHEV’s hybrid versatility, combined with the tax-saving benefits of a novated lease, makes it ideal for those who seek practicality without compromising on efficiency and performance. Its mix of cost-efficiency and space makes it an intelligent choice for diverse driving needs.
Essential Features in a Luxury SUV Lease
When choosing a luxury SUV for lease, look for features that enhance comfort, safety, and overall driving experience:
Fuel Efficiency: Electric or hybrid SUVs significantly reduce fuel expenses, especially for those who drive long distances.
Interior Comfort: High-quality upholstery, ergonomic seating, and spacious cabins are typical in luxury SUVs, offering an enjoyable experience for every passenger.
Technology Integration: Expect high-end infotainment systems with smartphone compatibility and voice-activated controls for seamless connectivity.
Leasing with Novated Finance Australia
Choosing a novated lease with Novated Finance Australia provides financial advantages and a simplified way to manage vehicle expenses. With all-in-one pre-tax payments, you can enjoy driving a premium vehicle without worrying about separate payments for fuel, insurance, or maintenance. Here’s how we make it easier:
Tax Efficiency: Pre-tax payments on novated leases lower taxable income, helping professionals save while enjoying a premium vehicle.
Comprehensive Coverage: All vehicle-related costs, including maintenance, fuel, insurance, and registration, are bundled into a single, pre-tax payment.
Flexible Lease Terms: Choose lease durations that suit your lifestyle and career plans, with options to adjust based on changing needs.
Let’s Wrap It Up
Leasing a luxury SUV through Novated Finance Australia combines style, performance, and financial flexibility. Each vehicle, from the attractive Mercedes-Benz EQC to the versatile Mitsubishi Outlander PHEV, offers distinct benefits that make novated leasing an ideal choice for professionals looking to drive a high-quality vehicle without the financial commitment of ownership.
With the convenience of bundled payments and tax advantages, a novated lease offers a streamlined way to enjoy a luxury driving experience. Explore Novated Finance Australia’s top leasing options and discover how a novated lease can fit into your financial goals while upgrading your drive.
Interested in driving a luxury SUV with tax-saving benefits? Contact Novated Finance Australia today to explore our novated lease options and find the perfect vehicle for your lifestyle and financial goals!
Frequently Asked Questions
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Description text goes hereA novated lease is a three-way agreement between you, your employer, and a leasing provider. It allows you to bundle all car expenses into one payment from your pre-tax salary, potentially saving on tax.
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Yes, electric SUVs like the Volvo XC40 Recharge qualify for novated leasing and may provide additional tax savings due to FBT exemptions.
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We offer a variety of luxury SUVs, including electric and hybrid models, so you can find one that meets your preferences and lifestyle.
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Novated leasing can reduce your taxable income by packaging vehicle expenses into a pre-tax payment, which is particularly beneficial for luxury SUVs like electric or hybrid models.
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Yes, we offer flexible lease terms to ensure your lease fits your personal and professional needs.