4 Reasons To Use A Novated Lease

4 Reasons To Use A Novated Lease

You might think that financing a car from a dealership is the easiest way of buying a car, but it doesn’t always give you the best possible deal.

You might want to consider a Novated Lease. The 4 main reasons why a Novated Lease could save you money and make owning your car easier are…… You would have thought that Novated Lease is only for people on a high income but that is not true, as long as you are a permanent employee and your organisation offers the Novated lease option you are eligible

Tax Saving

Novated lease finance saves you on tax as a portion of the car payment is deducted pre-tax thereby reducing your gross salary and the tax liability. Basically this means that the part of the car payment comes out before your employer tax’s your income.

Employers generally like the option of providing novated lease options to their employees as it’s a great way to increase the employee net take home pay by way of tax deduction and they’re often able to receive a tax-deductible expense as they’re responsible for making the payments direct.

GST

With a Novated Lease you don’t pay GST on the Car . That is a 10% saving on the purchase price of the car. For example if you purchased a $30,000 car that is a saving of $3,000!!

One Payment

No bill shock! Remember the time when you had to pay Insurance, rego all at the same time?

With a novated lease you just make one payment which includes everything (Rego, Ins., Fuel, CTP, Maintenance, Batteries)

Fleet Pricing

We can access Fleet Pricing through our network of dealerships. This means more savings for you as these prices are not available to everyone.

Make the Right Choice Today

FinanceBeagle is an independent vehicle finance broker, dedicated to being upfront & transparent with you on both the little and big things when it comes to your loan. As a leading car loan broker, we are serious about responsible lending & protecting your credit file and will workshop your specific scenario with a number of financiers to get you the best deal. Contact us today, by calling 1300 225 525, or filling in our contact form.