Save When You Buy A Car? Yes, It’s Called Novated Leasing

If you’re thinking about buying a new car, you really should consider financing it through novated leasing.

That’s because novated leasing can save you thousands of dollars and take the weight of your vehicle management from your shoulders.

Here’s how it works:

A novated lease is essentially a three-way agreement between you, your employer, and a fleet management company.

Your employer pays the lease on your behalf then collects the money back from you by what’s known as salary sacrificing.

There are endless benefits to novated leasing including:

  • Your lease payment comes out of your pre-tax income, so you’ll probably pay less tax,
  • The financier will claim the input tax credit on your car which means the total amount you finance will be less GST,
  • Your financier will negotiate a favourable purchase price and arrange lease repayments that can potentially save you thousands of dollars,
  • Because of the savings you’ll make, you’ll have capacity to buy the car you really want, and
  • If you change employer, the lease will become your responsibility and you may even be able to transfer it to your new employer.

At the Ayers Group, we can help you arrange a novated lease for your next car purchase by introducing you to Endeavour Fleet Management. This established fleet management company can provide you with advice to ensure you make the right purchase decision and arrange financing to suit your needs.

Contact your Ayers Group account manager now.