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VW Novated Leases
Volkswagen. It’s German for awesomeness. Famous for superior German engineering and building high-performance cars for all walks of life, Volkswagen is an Aussie favourite too. Whether you’ve got your eye on their famous Beetle, Golf, Polo, Tiguan or Passat, Clear Lease can help you get your ride with minimum fuss and maximum savings – we have access to some of the best Volkswagen novated lease deals available across Australia.
Benefits of Novated Lease
Why choose a novated lease instead of buying a new Volkswagen? There are stacks of benefits for a novated lease and in our opinion, novated leasing is the best and most cost-effective way to get yourself a shiny new car. It’s also super simple, taking the hassle out of buying a car through a traditional car loan (chattel mortgage) or regular lease.
So what is a novated lease and how does it work? Put simply, a novated lease is where you lease a vehicle directly through your salary packaging. You don’t have to keep track of payments – your employer and Clear Lease will take care of everything, deducting the cost from your salary and allocating funds for your expenses.
The salary deductions will cover the cost of the vehicle, running and operational costs like rego, insurance, maintenance, tyres and roadside assistance. The main benefit of choosing a novated lease is the tax benefits – the regular payments are taken from your pre-tax salary, reducing your taxable income and saving you a stack of money in income tax.
When your lease comes to an end, you’ll have the option of buying the car by paying the residual outlined by the ATO. You don’t have to do this though – many people choose to refinance or continue for another term of their lease. As with everything at Clear Lease, you’ll be in the drivers seat when it comes to making decisions. If you need help, our team can guide you through your options.
Here are some of the other unique benefits novated leases offer:
- You don’t have to pay GST on the purchase price of the vehicle – instantly saving you thousands!
- Discounted fuel, maintenance and insurance. Due to the volume of vehicles we manage, we have negotiated discounted services to save our clients even more money.
- Reduce the income tax you pay. Put your hard earned money to better use.
- There area variety of 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 novated lease depending on what you need
- No more vehicle bills sneaking up on you. Everything can be covered in your regular pay cycle.
- We can help you source the car of your dreams at a discounted rate so you can drive a brand new car for less.
- If you change jobs, we can transfer your novated lease over to your new employer
Drive the car you want without compromising your lifestyle
If you want to keep up with current trends or see yourself as a bit of a car enthusiast, driving the latest model is a must. With a novated lease, you can enjoy a new Volkswagen Polo, Golf or the latest Volkswagen 2021 Tiguan without compromising your lifestyle. Keep your savings healthy and benefit from the huge tax savings too.
Costs associated with a Volkswagen novated lease
The amount that you’ll pay each month depends on a few different factors. These include the price of the Volkswagen vehicle you choose, your estimated kilometres, the length of the lease and the balloon size (dictated by the ATO). At Clear Lease, all of these costs will be made fully transparent – you’ll know exactly where your money is going.
Your payments will also change depending on the kind of additional services you desire. If you like, you can easily include insurance, fuel, maintenance and other running costs as part of your contract. We’d definitely recommend looking into this option if you want to run your car in the most affordable and stress-free way possible – and give less money to the tax man.
Servicing & Roadside Assistance
If you decide to include insurance as part of your lease contract, servicing and roadside assistance can also be added to your package. This can be an important service, giving you peace of mind if anything were to happen and you need breakdown assistance.
We offer a fully maintained Novated lease (all expenses covered) or a non maintained novated lease so you can manage all of the vehicle maintenance costs yourself with your post-tax income. Whichever one you choose, Clear Lease will work hard to secure the best possible deal for you.
Fees and Charges
Clear Lease charges a small management fee – included as part of your monthly payments. This nominal fee is always made transparent in your quote, so you’ll never get stung by any unexpected charges. This allows our team to manage your vehicle and all your accounts throughout the duration of your contract.
If you’d like to get all of your expenses sorted in one single payment, our novated lease packages can include all of your operational costs:
- Car registration
- Insurance premiums
- Fuel costs
- Servicing & maintenance
- Regular car washing
Enjoy the convenience of knowing your exact expenses, including fuel – managed by your fuel card.
A car lease can be a great way to enjoy the perks of a new model vehicle without the need for large repayments.
It is important to note you will never own the vehicle, but a novated lease can give you the flexibility to swap your car after only a short time of using it. There is also potential to make savings in areas such as tax, giving you more money for yourself.
In Australia, the cost to lease a Volkswagen can range depending on the vehicle model and the kind of money you earn. Smaller vehicles can go for anything under $100 a month, but larger models have been seen to cost more than $500 a month.
Salary packaging is an arrangement to receive less of a wage after-tax in return for employer payments for benefits from your pre-tax salary. These benefits could include a phone or a car but are a great way to use something that you potentially couldn’t afford outright.