Novated Lease Pros and Cons
A novated lease is a unique arrangement where you lease your car through your employer. Having your payments deducted from your pre-tax income brings with it a range of tax benefits and other advantages, but they aren’t for everyone. Weighing up the pros and cons is essential before you apply. The pros of novated leases […]
Compare Novated Leases
Novated leases are growing in popularity in Australia as a tax-friendly way of buying a car. According to the National Automotive Leasing and Salary Packaging Association (NALSPA), there are around 350,000 novated leases in Australia as of September 2024. It’s easy to see why: spacing out the cost of your purchase and reducing your taxable […]
Fully Maintained Novated Lease
A fully maintained novated lease is a car finance arrangement that lets you lease a vehicle through your employer, with all major running costs bundled into one regular payment. The cost is deducted from your pre-tax salary, reducing your taxable income and helping you save on overall costs. In return, you get full use of […]
How Car Salary Sacrificing Works
When you’re looking to finance your next car, it’s important to know that there are options beyond car loans. Car salary sacrifice agreements, also known as salary packaged car agreements or novated leases, are a popular alternative in Australia. With in-built tax savings from the get-go, it’s no wonder Australians are opting for these products […]
