Mathew Lloyd Mathew Lloyd

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.

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Mathew Lloyd Mathew Lloyd

How Do Novated Lease Companies Make Money?

Novated lease companies generate revenue through various streams, providing a convenient and tax-effective option for employees to lease vehicles while ensuring profitability for the company. Here’s a breakdown of how they make money.

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Mathew Lloyd Mathew Lloyd

Can a Sole Trader Do a Novated Lease?

Sole traders in Australia often face challenges when it comes to obtaining a novated lease. The reason lies in the fundamental structure of a novated lease, which typically requires an employer-employee relationship.

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Mathew Lloyd Mathew Lloyd

Can I Run My Own Novated Lease?

Yes, it’s possible to run your own novated lease through a self-managed arrangement. This option provides more flexibility and control over the process, allowing you to tailor the lease to your specific needs. Here’s how it works and what you need to consider.

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Mathew Lloyd Mathew Lloyd

Can a Director Have a Novated Lease?

Yes, a director can have a novated lease, provided they meet specific eligibility criteria. Novated leasing is an effective way for employees, including directors, to finance a vehicle through salary sacrifice …

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Mathew Lloyd Mathew Lloyd

Can an Employer Claim Depreciation on a Novated Lease?

Yes, employers can claim depreciation on vehicles under a novated lease, but it comes with specific conditions. While the lease arrangement benefits employees through salary sacrifice, it can also provide tax advantages for employers.

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Mathew Lloyd Mathew Lloyd

Can an Employer Do a Novated Lease?

Yes, an employer can offer a novated lease as part of a salary package, giving employees a tax-efficient way to finance a vehicle. Novated leases are a popular benefit, particularly in Australia, where employers play a key role in facilitating these agreements.

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