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.