A novated lease allows you to use pre-tax dollars to pay for your car’s repayments and many of the running costs that you’d ordinarily have anyway – including big-ticket items such as registration, insurance and servicing – which could lower your taxable income while providing you with the peace of mind of having everything pre-budgeted for.
Plus, at the end of the lease, you have the option of upgrading to a new car while continuing to enjoy the convenience and tax benefits of salary packaging a car.
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