Mathew Lloyd Mathew Lloyd

Can You Put an Existing Car on a Novated Lease?

If you're considering a novated lease but already own a car, you may wonder whether it's possible to put your existing vehicle on a novated lease. The answer is: it depends on your employer and the novated lease provider.

Read More
Mathew Lloyd Mathew Lloyd

Can I claim EV rebate on a novated lease

When considering an electric vehicle (EV) through a novated lease, you may wonder if the government’s EV rebate applies to your situation. The answer can vary depending on where you live in Australia and the specific rebate programs available.

Read More
Mathew Lloyd Mathew Lloyd

Is the NSW EV Rebate Still Available?

Yes, the NSW Electric Vehicle (EV) rebate is still available for eligible residents. Introduced by the New South Wales government as part of its strategy to promote the use of electric vehicles and reduce emissions, the rebate aims to make EVs more affordable for everyday

Read More
Mathew Lloyd Mathew Lloyd

Is Novated Lease Tax Deductible?

When it comes to salary packaging a car, one of the most common questions is whether a novated lease is tax deductible. The answer lies in how a novated lease is structured and the way it interacts with your income and tax obligations.

Read More
Mathew Lloyd Mathew Lloyd

What is the Balloon Payment on a Lease?

A balloon payment is a lump sum paid at the end of a lease or loan term, which reduces the monthly payments throughout the lease period. It’s a popular option in Australia for people seeking more affordable monthly repayments, particularly with novated leases or car finance agreements.

Read More
Mathew Lloyd Mathew Lloyd

How Much Are Novated Lease Balloon Payments?

A novated lease is a great way to finance a car through your employer, offering tax advantages and the flexibility to choose a vehicle that suits your lifestyle. One key aspect of a novated lease is the balloon payment, which is a lump sum due at the end of the lease term. But how much can you expect to pay?

Read More
Mathew Lloyd Mathew Lloyd

What is the Minimum Residual Value for a Lease in ATO?

The Australian Taxation Office (ATO) sets clear guidelines for leases, particularly around the residual value that must be maintained for a lease to comply with taxation rules. The residual value is essentially the final payment due at the end of a lease term and represents the asset's worth after depreciation.

Read More
Mathew Lloyd Mathew Lloyd

What is the Residual Value of a Leased Vehicle After 5 Years?

The residual value of a leased vehicle refers to its estimated worth at the end of the lease term. After five years, the vehicle’s value is typically determined by several key factors, which include the car's make and model, the mileage driven, overall condition, and market trends.

Read More
Mathew Lloyd Mathew Lloyd

How Do You Calculate the Residual Value of a Novated Lease?

When signing a novated lease, one of the key figures to understand is the residual value. This value represents the car's worth at the end of the lease period and determines your financial obligations if you want to purchase the vehicle or return it.

Read More
Mathew Lloyd Mathew Lloyd

Is a novated lease cheaper than buying a car

When it comes to getting a new car, many Australians are torn between buying outright or opting for a novated lease. While both options come with their own set of pros and cons, a novated lease can often be a more affordable and convenient option in the long run. But is a novated lease actually cheaper than buying a car? Let’s break it down.

Read More
Mathew Lloyd Mathew Lloyd

How Much Does it Cost to Lease a Tesla in Australia?

Leasing a Tesla in Australia is an attractive option for drivers looking to experience premium electric vehicles without the full commitment of ownership. The cost of leasing a Tesla can vary depending on a few key factors, such as the Tesla model, the type of lease, and the lease term. Let's break down the details to give you a clearer picture.

Read More
Mathew Lloyd Mathew Lloyd

Is It Worth Salary Sacrificing a Tesla?

Salary sacrificing a Tesla through a novated lease can be a smart financial move, especially if you're keen on driving a luxury electric vehicle while minimising the hit to your wallet. Here’s why salary sacrificing a Tesla might be worth considering.

Read More