Looking for a great deal on novated leasing? We can help identify the right solution for you and your employer from our comprehensive lending panel.
Not only is a novated car lease a great way to finance a new car, you can also save on income tax and GST. Novated leasing agreements involve an employer deducting the required repayments of the lease from your pre-tax salary. This process leads to the possibility of a reduction in taxable income, and as a result, using novated leasing can lead to considerable tax savings.
Another benefit of novated car leasing in Australia is that all associated cost related to the vehicle are combined into one payment – this includes servicing and registration.
We are often asked if a car loan is better than a novated car lease. It all depends on your employer and how long you choose to stay with them, as well as other key factors such as your budget and level of income. Exiting a novated car lease before the novated car lease agreement ends may lead to unexpected fees.
Our teams are knowledgeable and experienced in finding different types of novated car leasing solutions and car loan solutions from our panel of over 20 lenders. Our panel of lenders includes banks (both big and small), non-traditional lenders, and peer to peer lenders. This means we can help you find low rate loans that you might not see advertised.
A novated car lease is a car finance option which allows you to use your car as a company vehicle. Repayments are made from your pre-tax income by your employer which can lead to savings on tax. Not all employers can offer novated car leasing and not all lenders can assist with this type of solution.
Ready to get your business moving with a new car? Get National Finance + Loans on your team. Ask questions or apply today by phone, online or in person.