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Holden Novated Leases
An Aussie classic. Classic as vegemite and a lamb roast on a Sundee. Holden’s been creating top-quality faves for years – the Spark, Commodore and the Astra, to name a few. With so many awesome models, you might have a hard time deciding. One decision will be easy though – taking out a Holden novated lease with us to save a stack of cash!
From hatchbacks to full-sized SUVs, you can guarantee we’ve got the Holden model you’re after.
Benefits of Holden Novated Lease
There are loads of benefits that come with a novated lease, especially if you’re receive an annual salary. One benefit is novated leasing makes driving a new vehicle extremely easy and stress-free. With a novated lease, you can include add-ons to cover the costs of servicing the vehicle and running costs such as fuel, tyres, rego and more.
But how exactly does a novated lease work? Well, it really is quite simple. Every pay cycle, your employer will automatically deduct a fixed amount from your salary, which goes towards the cost of the vehicle and any of the add-ons that you choose to include.
This payment is taken from your pre-tax salary, which means you’ll end up paying less tax on your income tax. This is a huge benefits of taking out a novated lease.
But this isn’t the only way you’ll save money. When it comes to a novated lease, you don’t pay GST on the purchase price of the vehicle – saving you thousands of dollars instantly. On top of the GST savings, you’ll also benefit from keeping your savings account topped up because don’t have to pay a deposit for a novated lease. With Clear Lease, you’ll also have access to awesome fuel and servicing discounts we’ve negotiated, saving you money on every trip.
When you choose a novated lease, the ATO outlines a residual amount to be paid at the end of the loan. So when your lease is up, you’ll have a few different options. You can refinance the balloon and take out a regular car loan (chattel mortgage) to own the vehicle, refinance your residual and continue for another novated term or buy the car by paying off the residual amount. Clear Lease can take you through the process and support you every step of the way.
Here are some of the other unique benefits:
- There are numerous finance terms to match your income and lifestyle – this makes novated leases one of the most flexible lease options on the market. You can opt for a fully maintained or partially maintained lease – you’re in the drivers seat.
- No more vehicle bills catching you off guard – everything can be covered in your repayments.
- We can help you source the car of your dreams at a discounted rate, helping you drive a brand new car for less.
Drive the car you want without compromising your lifestyle
There’s no reason you should compromise on doing the things you love in order to afford your dream car. A novated lease brings all the benefits that come with owning a car, but without any of the big upfront costs. You can drive the Holden model you’ve always wanted, while making great savings to put towards other passions in your life.
Comparing Finance options
The repayment cost will change depending on insurance and maintenance coverage you need, your estimated annual kilometres, the loan term, the ATO residual and of course, the price of your Holden vehicle. However, once the terms have been fully agreed upon, your payment will remain the same each pay cycle, so there’s no nasty surprises.
The only variable is you and how much you spend compared to the detailed budget Clear Lease work out with you for your allocation of fuel costs, maintenance and all the rest. If you’ve budgeted $80 per month in fuel and you spend $160 on fuel, there may be some adjustments required to your payroll deductions to ensure we keep your budget and accounts on track. This is a part of the amazing work the Clear Lease team do. Every month you’ll receive a statement showing where your accounts are up to and where your funds have been allocated so you know how you’re tracking.
Unlike some other novated lease providers, transparency is one of our core values. We strongly believe all our customers should know exactly where their money goes and we’ll never sneak in any unexpected charges. By going through Clear Lease, you can rest easy knowing you’re getting the best possible deal, with support available when you need it.
Servicing & Roadside Assistance
All drivers know that car servicing and roadside assistance can be costly. No one plans for breakdowns and they always seem to happen when you’re not in the best financial position. Damn Murphy.
Keep yourself covered by adding servicing and insurance as a part of your payment plan. This way, you’ll never have to stress about finding the money for repairs. With our Insurance policy, you’ll automatically receive road side assistance so you’ll never be caught out if your Holden breaks down.
Of course, not everyone will want to include these benefits in their contract, which is why Clear Lease offers a fully maintained novated lease option and a non-maintained novated lease. It’s worth remembering that if you do decide to go with a non-maintained lease, then you’ll have to cover running and maintenance costs out of your post-tax income, sacrificing some financial benefits.
Fees and Charges
We charge a small management fee, which is included in your monthly payments. This fee will be made completely transparent to you in your quote. We can also guarantee that we’ll never throw in any other charges, which aren’t clearly outlined in your contract agreement.
If you’d like to get all of your expenses sorted in one single payment, our novated lease packages feature options to include the majority of your running costs. These include:
- Car registration
- Insurance premiums
- Fuel costs
- Servicing & maintenance
- Regular car washing
You’ll be able to easily manage your expenses, right down to your fuel payments – managed via a convenient fuel card.
If you’re looking for a novated lease on a Holden, you’ll need to contact your employer to see if they offer a novated lease scheme -the cost then will be deducted from your salary, simple as that. If your employer doesn’t have an existing Novated Lease scheme available, our team is happy to contact them and walk them through the simple process of setting it up with Clear Lease.
The lease term depends on how you want your repayments structured, the term is only limited by the age of the vehicle, so if you choose an older car, you’ll end up with a shorter term loan.
Most often we offer 2 – 5 year Novated Lease terms depending on what you can afford repayment wise. There will always be an ATO outlined residual that is payable at the end of the loan term. Clear Lease has options to suit every budget and lifestyle. If you’d like to pay slightly less every month, then you can go with a longer lease. If you’d prefer to finish your lease quickly so you can upgrade your vehicle sooner, then a shorter term will probably be more suitable.
With a novated lease, the money that goes towards the cost of the vehicle plus running costs comes out of your pre-tax income. As a result, your taxable income will be lower, and the taxman will take a smaller slice of the pie.
Novated lease vehicles also don’t require GST to be paid, which can save Novated Leasers thousands.