Transparent Novated Lease

Transparent Novated Lease

Believe us, all that Tax, GST, FBT jargon is worth it?

If understanding all that blah blah could help you save loads on running and financing your car, would you want to know more?

Let us break it down for you.

What's the difference between a Novated Lease and a regular car loan?

A regular loan is paid using your post-tax salary, meaning you pay for your loan repayments, petrol and maintenance with whatever's left in your bank after you've been paid. Whereas a Novated Lease is paid before tax comes out! You also get the Tax & GST savings and budgeted running costs.

How does it work?

You can lease a car anywhere from 1 – 5 years.

You can lease a new car, a used car or even the car you currently own.

All the running costs are included too!

We'll set a personalised budget to suit your needs. It's just like putting money away in a savings accounts to pay for your bills, except we've taken care of it all for you, and the money is always yours!

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What can be included under a Novated Lease?

  • Finance of your vehicle
Running costs:
  • Registration
  • Insurance
  • Fuel
  • Servicing
  • Tyres
  • Batteries
  • Repairs and Maintenance
  • 24-hour roadside assistance
  • Car washes
  • Plus, awesome stratton service
  • Oh - and it's all GST free!
For Example:

Let's say you buy a brand new Mazda 3 for $25k, your finance term was 3 years, and you drive 15,000km per year.

Your average running costs would be $10,000 per year.

Now, let's say you buy the same car but now it only costs you $23k (remember, your purchase will be GST free). Your lease term and average kilometres are the same.

Your average running costs would now be $6,500 per year.

With Novated Lease payments coming out of your pre-tax income, that means an extra $3,500 back in your pocket! See how much you could have in your back pocket.

Why would the government let you use pre-tax dollars?

Great question.

The government has many ways in which you Salary Sacrifice (use pre-tax dollars) to save you money. Such as contributing to your super, uniforms, laptops, negative gearing for your house and Novated Leasing happens to be one of those products.

Isn't the government going to kill off Novated Leasing?

How do we help you avoid an FBT Bill?

While we've been looking at new cars, tailoring your running costs and saving you dollars, we've also worked this into your payment. The payment is called “Employee Contribution'. By using this method, FBT is minimalized.

How does my payment come out pre-tax?

Well, the term 'Novated' means introducing a new party (your employer) into your purchase agreement. Meaning your employer uses your pre-tax salary and deducts your lease payment before it is deposited into your account.

So Let's Recap:

  1. We'll save you money on GST by using your pre-tax income.
  2. We'll cover all your driving costs (including petrol, registration and servicing, etc.)
  3. All deductions are made out of your salary by your employer before you get paid.

But wait, THERE'S MORE!

In all the excitement about telling you how we can help you save even more! You'll also get 4c off per litre of petrol AND up to 20% off your car service and maintenance (no grocery receipts required)!

Mind-blowing, right?

Find out how much we could save you.