Special Offer for Simplygreen Rewards members
Novated Leasing is a great way to purchase a new car. It can reduce your income tax and give you an increase in take-home pay!
With a novated lease, you can pay for most of your vehicle operating and finance costs using pre-tax income. This process reduces the amount of salary subject to income tax – meaning, you pay less tax!
WHAT TYPE OF VEHICLE CAN YOU SALARY PACKAGE?
Almost any type of vehicle can be included in your salary package:
- Motor bike
WHICH VEHICLE COSTS CAN BE INCLUDED?
With a novated lease, you can package the finance costs and all vehicle operating expenses:
- Service & Maintenance
- Lease Payments
Fuel and running costs are based on the estimated number of kilometers you travel per year. Your budget can be adjusted at any time to reflect the number of kilometers you actually travel.
A salary packaged vehicle can be for your personal use only or a combination of personal and business use.
DOES IT HAVE TO BE A NEW CAR?
Salary packaging is available on new and second-hand vehicles.
We can even purchase your existing vehicle and re-lease it to you as a novated lease