Unlock Savings with Novated Leasing

Novated leasing is a specialised financial arrangement in Australia that allows employees to lease a vehicle through salary packaging. With this agreement, the employer makes lease payments directly from the employee’s pre-tax salary, reducing taxable income and offering potential tax benefits.

This three-party agreement involves the employee, employer, and a finance company, providing a cost-effective way to acquire and maintain a vehicle. Novated leasing covers all vehicle-related expenses like fuel and maintenance, making car ownership simple and financially advantageous for employees.

Yes, both new and used vehicles can be leased through a novated lease.

A novated lease can offer significant savings by reducing your taxable income and offering GST savings on the vehicle purchase and running costs. .The key savings come from salary sacrificing your lease payments, meaning they are deducted from your pre-tax salary, reducing your income tax. Additionally, you avoid paying GST capped at $6,334, on the purchase price of the vehicle and potentially on running costs like fuel, servicing, and insurance.

A novated lease can include vehicle repayments, fuel, insurance, registration, servicing, and maintenance.

Lease terms typically range from 1 to 5 years, depending on your preferences.