The nuts and bolts of Novated Leasing
So you keep hearing Tom, Dakota and Harry have a new car on a “novated lease”. But, you can’t, for the life of you, recall what it is except “that thing where you get a car and might save on tax”.
So what is a novated lease, really?
Essentially, a new or used car is leased in your name through your employer and, instead of paying with the money you get after tax, you can pay it off with a mixture of your pre- and post-tax salary.
You could also save a heap of GST, too. Now that’s a bargain.
It doesn’t stop there, though. With one regular payroll deduction you could reduce your taxable income while covering things like fuel, insurance, servicing and registration, all while potentially enjoying more money in your back-pocket.
So you get a new car AND you can use tax-free money to pay for that car’s running costs. But you’re thinking how much might a novated lease actually cost — and how much could one save you?
Just fill in the gaps on our Novated Leasing Calculator and we’ll crunch the numbers and get back to you.
While there are plenty of other salary packaging providers out there, RemServ offers you the complete “package” (see what we did there?). RemServ’s two decades of experience, award-winning customer service and nationwide buying power means that you get the best of all worlds!
If you want to join thea great new car to complement thousands of Queenslanders enjoying a great new car as well as the benefits of novated leasing, get in touch today.
Disclaimer: This website contains general information and doesn't take your personal circumstances into account. Seek professional independent advice before making a decision.