Novated Lease Watch

Novated Leasing - Instant Savings

A novated lease is a finance lease established by an employee via a finance provider. Their employer agrees to take over all rights and responsibilities of the lease for the duration of the lease term or until the individual leaves their employment. All novated lease costs and other costs to maintain the vehicle (insurance, fuel, maintenance, tyres, if included) are paid by the employer using pre-tax dollars and reducing the employee's taxable income.

Whilst a Fringe Benefits Tax FBT is payable, subject to each individual's circumstances, it is common for the employee to improve their take home pay simply taking the lease as a Novated Lease using pre-tax dollars.

Looking for further Novated Lease information?

If you require novated leasing information and calculations, visit www.advancecarloans.com.au. Advance Car Loans are the novated lease experts and can tailor a novated lease package for your situation.