Novated Leases / Salary Sacrifice

Let us find the right leasing solution for you.

A Novated Lease is a three way agreement between the Car Financier, Your Employer and You as an employee.  

Leasing is when a Financier purchases an item on behalf of a customer who then leases the item back from the Financier and pays a fixed amount each month for a specified term.  At the end of the term, the customer can either pay the Financier a residual value and take ownership of the car, trade the item or refinance the residual and enter into another lease.  There are often taxation benefits associated with leasing when the item is used for business purposes and can include GST and Depreciation benefits.

Some benefits a Novated Lease offers to an employee are:

• Your employer will deduct the lease repayments from your ‘pre-tax’ salary.  This is called Salary Sacrifice which can reduce your taxable income.
• At the end of the lease period, you can sell the car and keep any tax-free profit which may result.  

At the end of the lease, you can purchase the vehicle for its residual value or trade it when you lease your new car.

To find the right leasing solution for you, please ring one of our Leasing Experts on (08) 9381 8311, or email us and we will arrange for one of our team to speak with you in person.