Let's Explain Novated Leasing
Unlocking the Secret of Novated Leasing with Clear Lease.
Ever wondered what novated leasing is all about? Picture this: a chance to slash your tax bill, snag a fantastic car deal, and enjoy the sweet simplicity of budgeting, all while having the full backing of our expert teams. Sound like a winning combo? We thought so too.
Novated leasing, fully approved by the ATO, is a clever arrangement involving you, your employer, and a finance company. It’s your golden ticket to using pre-tax dollars to cover your car and its expenses. And guess what? This isn’t just for shiny new cars – it works for used and even existing ones too.
But here’s where the magic really happens. Novated leasing lets you bundle not only your lease payments but all your car’s running costs into one tidy, pre-tax package. We’re talking about petrol, charging (if you’re in an electric vehicle), insurance, registration, and servicing, all bundled up for your convenience.
Car Registration
Insurance Premiums
Fuel Costs
Servicing & Maintenance
Tyres
Regular Car Washing
So, How Does This Wizardry Work?
Ever wondered what novated leasing is all about? Picture this: a chance to slash your tax bill, snag a fantastic car deal, and enjoy the sweet simplicity of budgeting, all while having the full backing of our expert teams. Sound like a winning combo? We thought so too.
Novated leasing, fully approved by the ATO, is a clever arrangement involving you, your employer, and a finance company. It’s your golden ticket to using pre-tax dollars to cover your car and its expenses. And guess what? This isn’t just for shiny new cars – it works for used and even existing ones too.
Without Novated Benefits
Gross Salary
Income Tax
Take Home Pay
Car Cost
Disposable Income
With Novated Benefits
Gross Salary
Car Cost
Income Tax
Disposable Income
Picture this: a brand-new, slightly used, or your beloved existing car, leased in your name via your employer. Now, instead of digging into your post-tax pockets, your payroll department chips in with a blend of your pre- and post-tax salary (or fully pre-tax if you’re going with an eligible electric, plug-in hybrid, or hydrogen fuel cell ride).
Sure, there might be a whisper of fringe benefits tax in the air, but salary packaging your car could do wonders for your taxable income. It’s like waving a magic wand over the cost of owning and running your vehicle.
And the best part? Novated leasing isn’t just for the high rollers or the road warriors. Anyone who needs a car can hop on board. You don’t need to be raking in the big bucks or clocking up thousands of kilometers. With Clear Lease, you’ve got the peace of mind knowing you’re in the hands of Australia’s most seasoned novated leasing pros for the entire journey.
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