Want to save money on finance and up to 50% of the running costs of your car?

Get your pre-tax dollars working for you

Why choose a Novated Lease?

A regular loan is paid using your post-tax salary, meaning whatever is left in your bank account after you’ve paid tax, whereas with a novated car lease the lease and running costs are bundled together and paid with your pre-tax dollars.

A Novated lease is in your name,  but it a 3-way agreement between you, your employer and the lease finance company.

1.    We calculate a vehicle expense budget based on the estimated number of kilometers to be traveled, covering the entire period of the lease for all operating costs associated with the motor vehicle including fuel, maintenance, registration, tyres, and insurance.

2.    Your vehicle payments include all the running expenses, are taken from your pre-tax salary, so regardless of what scale of tax you pay, there’s always going to be a benefit.

  • So not only do your dollars go further, but you’re lowering your taxable income at the same time.

Example: 100% Private use

  • An office-based employee on $80,000
  • Buying a 2019 Mazda MAXX Sport Wagon
  • Using the car 100% private use

    Total Savings: $24,379 over 5 years

Example: 80% Business use

  • A sales Representative  on $105,000 (including $15,000 car allowance)
  • Buying a 2019 Mazda MAXX Sport Wagon
  • Using the car 80% business use

    Total Savings: $36,457 over 5 years

Key benefits of a Novated Lease

  • Pay less on the purchase price: with a novated lease, you don’t pay GST on the purchase price of the car, which could save you thousands
  • Save on tax: with part of your lease repayments being paid pre-tax, you can reduce your taxable income and save money
  • Save on running costs: you can save on GST by including your running costs in your novated lease. It’s much easier this way too, with only one simple payment to make
  • Affordability: with a novated lease, your repayments are fixed and designed to be affordable for you.
  • Flexible terms: you can choose flexible end of lease terms, subject to the ATO’s guidelines
  • Ownership: Your new car is yours, and you’re free to use it whenever, wherever you want. You keep any equity built up in the car during the course of the lease, and if you later sell for a profit, the profit is yours to keep.