Car Finance Blog
Finance News, Comments & Advice
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Looking for a novated lease?
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.