VOLVO
XC40

When considering a Volvo novated lease in Australia, it's essential to weigh the benefits and drawbacks compared to buying a car outright. A novated lease, particularly a Volvo novated lease, offers distinct advantages, such as potential tax benefits, simplified budget management, and inclusive vehicle expenses (maintenance, insurance, and fuel can be covered). However, the choice ultimately depends on individual financial situations, driving habits, and personal preferences. If you prioritise lower upfront costs, predictable monthly expenses, and the flexibility to change cars every few years, a Volvo novated lease might be the better option.

Opting for a Volvo car lease in Australia through a novated lease arrangement brings several advantages:

Tax Efficiency: Payments are made from pre-tax income, potentially lowering your taxable income.

Convenience and Simplicity: The lease bundles vehicle expenses, making budget management easier.

Flexibility: Options to upgrade to newer models, like the Volvo XC40 electric, at lease end.

These benefits make a Volvo novated lease, especially for models like the Volvo XC40 electric, an attractive option for many drivers.

The Volvo XC40 price, including for the electric model under a Volvo electric vehicle novated lease, varies based on specifications, model year, and additional features. Generally, the cost of a new Volvo XC40 can range significantly, influenced by factors such as the vehicle's trim level, any optional packages chosen, and the terms of the Volvo novated lease deals you negotiate. With Novated Finance, the pricing, especially for a Volvo XC40 electric novated lease is $244 per week and you save $49,920 on term.

Volvo XC 40 is for $79,778 in Australia.

Select the vehicle you want to lease and complete a credit application.

Once the credit is approved, you sign the novated lease documentation and provide required verification documents (E.g. drivers license) depending on the financiers requirements. If insurance and/or fuel card is included additional documentation may be required for signing.

We will contact your Employer and send them the onboarding documentation (this is only applicable if the employer is not already onboarded with us) and the deed of novation for signing.

We will send payroll advice to your payroll team or supplier (if outsourced), so they know the amount to deduct from each pay.

Contract settles with financier and Vehicle is picked up/delivered.

The best length for a novated lease depends on your circumstances and preferences. Shorter leases may have higher monthly payments but offer more flexibility, while longer leases may have lower payments but require a more extended commitment.

You can often pay off a novated lease early, but it's essential to check the terms and conditions of your specific lease agreement, as some may have penalties or restrictions for early termination.

Costs included in a novated lease may consist of lease payments, fuel or charging (depending on the type of vehicle), insurance, registration, maintenance, and other running expenses. These costs are typically deducted from your pre-tax income.