What is Novated Leasing?
A novated lease is arguably the easiest and most cost-effective way of
owning a
vehicle in Australia.
Access fleet and GST savings when you buy your vehicle. Some of our clients save an excess of
10% of the purchase price of the vehicle. In addition, you can pay for the running costs of your
vehicle using a combination of pre and post tax salary, saving you thousands in tax each
year.
Our clients also access fleet discounts on their running costs, which can save you
up to
25% of the price.
How does novated leasing work?
It is a tax-effective, financial arrangement which enables you to salary package your car(s) and save thousands each year on the running costs – no matter what your salary, or how many kilometres you drive. A novated lease in Australia can also save you thousands on the purchase price of your car. Whether you want to novate a new car, a second-hand car, or your existing car(s), Novate@bility can help. Start saving today!
No GST
With a novated lease, you don’t pay GST. Save the 10% GST on any new car, plus the fuel, parts and servicing costs of any new, second-hand or existing car.
Cheaper Fuel
Save on fuel at thousands of petrol stations across. Save not only the GST, but also the PAYG tax on the fuel you buy.
Discounted Vehicles
No salary packaging required. Employees can choose the car they want with affordable, all-inclusive monthly payments, making it accessible for everyone.
Novated Lease Tax Benefits
As your lease repayments are taken out of your pre-tax income, your taxable income is reduced – meaning you pay less tax.x
Affordable Fixed Payments
With a fully maintained novated lease, all the running costs of your car – including fuel, registration, servicing and parts – are incorporated into one monthly budgeted cost.
No Deposit
There's no requirement for a deposit, making it easier to get started and drive away in your new car sooner.
What does novated leasing include?
All the running costs of your car are included in one monthly budget. This allows you to pay one consistent amount per month for the running costs of your car. Whatever is not spent at the end of the lease, is returned to you. In the example above, the budgeted running costs are $885 per month and as you spend money, that is allocated against your budget. Some months, you will spend more and others you will spend less. Overall, your budget to actual expenditure should always be in surplus.
- Registration
- Fuel
- Tyres
- Servicing & Maintenance
- Management
- Comprehensive Insurance
- Management
- Roadside Assit
- Comprehensive Insurance
- Gap
Frequently Asked Questions
With integrity and transparency at the forefront of all that we do, we are proudly considered one of the most trusted novatedlease companies in Australia. We have developed a reputation for excellence and our innovative approach has led us todevelop Australia’s first automated novated leasing system.
You may qualify if your employer offers Novated leasing, provided you are a permanent employee and based in Australia. Theremay be certain criteria your employer sets up around eligibility, based on role or remuneration packages. When entering into aNovated lease, you will be required to apply for finance, which is no different to the process of applying for finance when buyinga vehicle by yourself