Have you ever wondered what a novated lease is? It is a fantastic way of financing a vehicle from your pre-tax income. Novated leasing is a common and popular method of financing. Employers and employees both benefit greatly from having such a financing program. Employers no longer need to keep company cars on hand and on their balance books as employees can finance their own car for company use. The employer can offer an attractive salary which is packaged so that the car finance payments are deduced from the employee’s pre-tax income. This is a great way of retaining staff and attracting new staff.

Employees benefit from salary packaging as they save tax. The car repayments are made from their pre-tax income, thus effectively increasing their take home pay. Alternatively, they may wish to take out a fully maintained novated lease, whereby the running costs of the vehicle are also deducted from their pre-tax income. Running costs of a vehicle include, fuel, insurance, registration, servicing and tyres. The tax savings run into the thousands and if they wish to finance their partner’s car through the salary packaging method the savings are further increased.

Speak to a Madison Finance representative today on how a novated lease will benefit you. Our experienced novated lease specialists are on hand to take your call on 1300 887 967.

A novated lease is a great way to start the fiscal year. Having looked at the tax you paid for the last financial year can be depressing and as such you may wish to look at a novated lease. A novated lease is a tax effective way of financing your car. By taking out a novated lease your car repayments are deducted from your pre-tax income, thus saving you tax each year and effectively increasing your take home pay. If your employer doesn’t offer this means of finance we are happy to speak to your employer about offering this option to their staff.

Offering a novated lease program to staff members helps to retain and attract staff. The paperwork required for a novated lease program is minimal. A novated lease can also be extended to a spouse to enable them to make their car repayments from your pre-tax income. A fully maintained novated lease can also be offered. This enables you to also pay for the running costs of your vehicle from your pre-tax income. The running costs of a vehicle include fuel, servicing, registration, insurance and tyres.

We are now at the beginning of a new financial year and why not use this time to ensure that your car is financed in the most tax effective way. A novated lease is a tax effective way of financing your vehicle. Many employers provide this method of financing to their employees in an endeavour to help them reduce tax. By providing employees with such opportunities it helps emloyers to attract new staff and retain their existing staff.

A novated lease is a method of financing a vehicle from your pre-tax income. This ultimately reduces your tax and effectively increases your take home pay. Many employers allow you to also finance your partner’s vehicle from your pre-tax income by way of a novated lease. A fully maintained novated lease is whereby the car repayments as well as the running costs of the vehicle are deducted from your pre-tax income. The running costs of a vehicle include fuel, tyres, servicing, registration and insurance.

A novated lease program is an effective way to save tax and beneficial for both employers and employees. By taking out a novated lease you are able to make your finance repayments from your pre-tax income. As your tax is reduced it effectively increases the income you take home. By taking out a fully maintained novated lease you can also pay for the running costs of your vehicle, such as fuel, servicing, registration and insurance from your pre-tax income. This realistically can save you thousands of dollars each year in tax. Novated leases aren’t just limited to the employee but also their spouse which can further increase the tax savings for the household.

Employees are attracted to novated leases as they can finance the car of their choice rather than adhering to strict company policies or sharing a company car. Employers are attracted to novated lease programs as it eliminates the need to keep company cars in stock which affects the company books as they are holding depreciating assets. Employers that offer novated lease programs can help retain staff and attract future staff members.

If you are looking for a novated lease then speak to a novated lease specialist! A novated lease specialist will be able to guide you through the whole process, from purchase of the vehicle through to settlement. If your employer does not offer a novated lease program, we can get them started seamlessly and within a short time frame.

A novated lease is a tax effective way of financing a vehicle or the like. In recent years we have seen a trend towards employers offering this program to their employees. By offering such a system it attracts future employees and helps to retain existing staff members. Employees get an instant pay increase without any cost to the employer.

A novated lease is a form of salary packaging whereby the repayments on your vehicle are deducted from your pre tax income. You may wish to take out a fully maintained novated lease whereby the costs of running the vehicle are also deducted from your pre tax income. The running costs of the vehicle include insurance, registration, fuel and servicing. The savings made by opting for a novated lease can run into thousands of dollars each year.