Tax effective means of acquiring and operating a motor vehicle
A Lease & Asset Novated Lease allows your employer to deduct a portion of the entire vehicle expenses out of an employee’s Pre-Tax income. Paying for a vehicle this way results in reducing your taxable income and consequently reduces the amount of tax that you pay. Substantial savings can be achieved over acquiring and operating a vehicle from before tax income.
The savings on tax means that a Novated Lease can be the cheapest and smartest way to own and operate a vehicle. In some cases it can be cheaper than paying cash for the car. Talk to us today to see your savings.
When buying a vehicle through a Novated Lease the GST is not included in the finance and running costs. This provides a 10% saving for all expenses associated with the vehicle, in addition to the income tax savings. The financed amount is the GST exclusive amount of the vehicle i.e. buying a vehicle for $33,000 (GST Inc.) would see the $3,000 of GST come off the price of the vehicle.
A Lease & Asset managed Novated Lease passes the GST benefit of operating the vehicle, claimed by the Employer, on to you.
Acquisition and Operating Cost Savings
We can assist in the purchase of most new vehicles at substantial fleet discounts to minimise Fringe Benefit Tax and
Lease expenses. We control and monitor fuel and maintenance at pre-arranged discounts delivering lower operating
Flexibility of Choice
The vehicle can be new, used or even a luxury vehicle (used vehicles can be no more than 9 years old at the end of the Lease Term). Choice of additions for the vehicle can also be packaged.
You decide how long you would like your Novated Lease. You can choose anywhere between one and five years.
No Business Use Required
Our Novated Lease can be used for total private us. You can even Novate a motor vehicle for your spouse or a family
Lease & Asset provide a Fleet card which enables fleet pricing for your fuel, servicing, tyres, batteries and even windscreens at selected outlets. Not only do you get the discounted price but it also allows convenience to pay for these expenses rather than coming out of your own pocket.
Get a Quote
Understanding Novated Leasing