Buying a Car
Commercial / Car Lease
Salary packaging and Novated Leasing go hand in hand.
A Novated Lease (fully maintained) allows the employer to deduct a portion of the entire vehicle expenses out of the employee’s Pre-Tax income. Paying for a vehicle this way results in reducing your taxable income and consequently decreases the amount of tax that you pay. Substantial savings can be achieved by acquiring and operating a vehicle using pre-tax income.
The savings on tax effectively means that a Novated Lease can be one of the cheapest and smartest ways to own and operate a vehicle. In most cases it is cheaper than paying cash for the car.
Note: Calculators are illustrative only – we assess your borrowing capacity based on your current financial position. Apply now to receive accurate information.