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NOVATED LEASING

Salary package a vehicle and save even more

Salary package a vehicle and save even more

What is a novated lease?

A novated lease is a financial arrangement used to salary package a vehicle. It means your employer pays a portion of your ongoing car costs using your untaxed salary – so amounts you would normally pay as tax instead go towards funding your car!

With a novated lease you can choose a new or second hand vehicle. You can even take out a novated lease on a car you’re currently driving.

Because you are accessing tax-free salary, a novated lease can save you thousands on the purchase price and running costs of your vehicle. You enjoy the convenience of cashless motoring, plus fleet discounts and deals on finance, fuel, maintenance and repairs.

How does novated leasing work?

Each pay cycle an agreed vehicle budget is deducted directly from your pay using a mix of pre-tax and post-tax salary. The deductions cover all your vehicle finance and running costs including fuel, servicing, insurance, tyres and registration.

Novated leasing is a simple, tax effective way to pay for a car that, in most cases, works out cheaper than cash, car loans or mortgage finance.

Why choose a novated lease?

Do you currently pay these vehicle expenses? If so you could save thousands with a novated lease.

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How much will you save?

Try the novated lease calculator

Benefits of a novated lease

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    Reduce the tax you pay

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    No GST to pay on the vehicle purchase

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    Access to fleet discounts

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    Easy budgeting with all costs in one simple payment

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    Usually cheaper than other finance options

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    Get into your dream car sooner