Looking for a new car but not sure if a novated lease is the best option for you? A novated lease is a three way agreement between an employer, employee and lease company, under which the employee leases a vehicle from the lease company, and employer agrees to take on the employee’s obligations under the lease.
- Using pre-tax dollars – You can salary package a novated lease which can increase your take-home pay.
- Exclude GST – This gives you an extra 10%.
- Lease multiple vehicles
- Unrestricted use – Your vehicle can be used for work or private use.
- No deposit – Drive your car away with no deposit.
- Flexible terms – Upgrade to something new whenever you want – you aren’t locked in.