Salary packaged through your employer
Pay for your next car before tax.
A novated lease takes the car, its running costs and its insurance out of your salary before income tax.
No sign-up. A quote takes about three minutes.
The questions people actually ask
Each answer stands on its own, so it reads the same here as it does quoted somewhere else.
What is a novated lease?
A three-way agreement between you, your employer and a financier. Your employer pays the lease out of your salary, so the cost comes out before income tax rather than after it.
How much can I save?
It depends on what you earn and what you drive. The saving comes from paying with pre-tax salary, so the higher your marginal rate, the larger it is. An electric car under the luxury car tax threshold also avoids fringe benefits tax.
What if I leave my job?
The lease is yours, not your employer’s. You can take it to a new employer who offers packaging, or keep paying it yourself.
Does my employer have to offer it?
Yes. The deduction runs through their payroll, so they need an agreement in place first. If yours does not have one, we can approach them.