Which Car is Best for a Novated Lease?
When considering a novated lease, choosing the right car is crucial to maximising your financial benefits and enjoyment. Whether you prioritise eco-friendliness, fuel efficiency, or practicality, here are some of the top car models for novated leasing in 2023.
1. Tesla Model Y
This popular electric SUV stands out for its impressive range and advanced tech features. If you're keen on reducing your carbon footprint, the Tesla Model Y is a solid option. Its low running costs make it an attractive choice for long-term leases.
2. Tesla Model 3
The Tesla Model 3, a compact electric sedan, is known for its performance and sleek design. Like the Model Y, it offers significant tax advantages due to its electric nature, making it a strong contender for a novated lease.
3. BYD ATTO 3
An affordable electric SUV, the BYD ATTO 3 offers good features for a fraction of the price of some competitors. It’s ideal for those wanting the benefits of an electric vehicle without the hefty price tag.
4. Ford Ranger
For those needing a versatile vehicle, the Ford Ranger is perfect. This dual-cab ute is suitable for both work and leisure, offering durability and reliability. Its popularity among Australian drivers makes it a solid choice for a novated lease.
5. Mitsubishi Outlander PHEV
A plug-in hybrid, the Mitsubishi Outlander PHEV combines eco-friendliness with practicality. It allows drivers to switch between electric and petrol, helping to lower emissions without sacrificing long-distance capabilities.
6. Mazda CX-5
This reliable compact SUV offers excellent fuel efficiency and a comfortable ride. With a strong reputation for durability, the Mazda CX-5 is a favourite among those looking for a worry-free leasing experience.
7. Toyota LandCruiser Prado
For off-road enthusiasts, the Toyota LandCruiser Prado is a robust SUV with superior off-road capabilities. Its strong resale value and reliability make it an excellent choice for those venturing off the beaten track.
Factors to Consider
When selecting a vehicle for a novated lease, consider your budget, fuel efficiency, and resale value. Established brands like Tesla, Ford, and Mazda offer vehicles that perform well in these areas, ensuring a balance between practicality and cost-effectiveness.
Conclusion
The best car for a novated lease ultimately depends on your lifestyle and financial goals. Electric vehicles like the Tesla Model Y and Model 3 offer significant tax advantages, while versatile options like the Ford Ranger provide durability and practicality.
Ready to explore your novated leasing options? Contact us today to discover how you can drive your dream car while maximising tax savings and financial benefits.