MG ZS Excite Novated Lease
Save thousands on a MG ZS Excite with a novated lease.
Let’s find out how much you can save
The beside pricing is indicative only. To obtain a quote specific to your circumstances, hit the button to fine tune your quote.
Benefits of a novated lease for a MG ZS Excite
Save thousands in tax every year with salary packaging.
We manage all of your vehicle expenses, so you don’t have to.
Huge EV savings with with Gov Electric Car Discount incentive.
100% Australia owned and operated with a friendly team.
MG ZS Excite novated lease costs
| Car | Drive-away Price | GST Savings | Weekly Novated Lease Cost | Total Lease Savings |
|---|---|---|---|---|
| MG ZS Excite | $22,990.00 | $1,923.09 | $169.24 | $15,727.00 |
Note: The MG ZS Excite price estimates are as at April 2024. Costs are based on a VIC driver with an annual salary of $120,000 and 10,000km driven annually over a 5 year lease.
Claim your MG ZS Excite running costs
Novated leasing lets you bundle not only your lease payments but all your car’s running costs into one tidy, pre-tax package.
With a MG ZS Excite novated lease, you can bundle the following expenses:
- Insurance Premiums
- Car Registration
- Fuel Costs
- Servicing & Maintenance
- Tyres
- Regular Car Washing
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Let’s find out how much you can save
The beside pricing is indicative only. To obtain a quote specific to your circumstances, hit the button to fine tune your quote.
Novated Lease FAQs
If your employment situation changes, i.e. if you change jobs or your company restructures, you are still responsible for continuing to make lease repayments on your car. However, this has an easy fix.
If you leave your employer for any reason, your lease agreement (the deed of novation) will terminate immediately. The options available to you include:
- Transferring your novated lease to a new employer
- Continuing your monthly lease payments yourself (an un-novated lease)
- Paying out the remaining amount of the lease (including the residual value) and keeping or selling the car
No matter which option you choose, the Clear Lease team can help guide you through the process.
The other downside of a novated lease is if you exceed the kilometer driven limits set out in your novation agreement, you may incur additional costs. It’s important to carefully consider your financial situation and future plans to make sure the budget in your agreement reflects your driving habits.
Yes, a novated lease can definitely save you money. This is because you’re using pre-tax income to pay for your lease repayments and vehicle running costs. This reduces your taxable income, lowering the amount of income tax you need to pay.
A novated lease can also help you save on GST on the car’s purchase price, plus on running costs which compounds over time.
It’s important to note that individual savings will vary. To get an indication of how much you can save, use your novated leasing calculator.
You, as an employee, can benefit from a novated lease with tax savings, convenience, flexible car choices, no hidden costs, and more.
Your employer also benefits from a novated lease agreement, as it’s an attractive employee benefit to retain and engage staff. It also allows your employer to reduce their payroll tax.
Read more about the benefits of novated leasing for employers.
Yes, a novated lease can reduce your taxable income. This is because your lease payments and car running costs are deducted from your pre-tax salary, lowering your taxable income and the amount of tax you have to pay to the ATO.
The amount you will save on a novated lease will vary, based on your specific circumstances, such as your income and the vehicle’s cost. To get an indication of how much you can save, use your novated leasing calculator.
Due to the FBT exemptions available as of March 2024, you can save up to 45% on running costs for electric or plug-in hybrid vehicles. You can read more about the benefits for EV novated leasing here.