Discover how a Novated Lease works
Novated leasing, or salary sacrificing, does seem complex at first because of the industry jargon like PAYG, GST and FBT. Though if you take the time to understand how it works it will make sense. And the savings are real compared to buying a car using other financing methods.
Basically a novated Lease can enable you to own the car of your dreams as well as save money using pre-tax salary. Download the 2021 Novated Leasing Guide.
Find answers to your Novated Lease FAQ (Frequently Asked Questions) Question Why is it called a Novated Lease? Answer This is because of the special three way agreement between the employer, employee and leasing company. The document used to formalise this agreement is called a novation agreement. A novation agreement is a common legal document […] Read more
Many first timers don’t think about, or understand, what happens at the end of a Novated Lease. The key feature of a Novated Lease that makes them so affordable is the amount you finance. You are not financing the full purchase price of the car. You are financing the difference between the purchase price and what […] Read more
Do you worry about climate change? Does your home have solar panels? Are you concerned about the environment now and in the future? You don’t need to answer yes to these questions to buy an electric vehicle (EV). Sure, the early adopters of the Toyota Prius and Nissan Leaf were probably supporters of the environment. […] Read more
There are many reasons to consider a Novated Lease Corporate Benefits Program and the number one benefit is the money you can save compared to other finance options. If you’re looking at buying a luxury car it’s well worth looking at the additional benefits available through a Novated Lease Corporate Benefits Program. All the major […] Read more
Planning to buy a car? What does it cost to run? Do you already own a car? Did you know that you could end up with more dollars in your pocket with a novated lease versus paying cash? It’s true! Novated Leasing is a great way to save money by salary packaging a vehicle. All […] Read more
Novated Leases are simple really. You pick a car and then save some money by using pre-tax dollars. Not enough detail? Keep reading. If you’re planning to buy a car (new or used) using finance, and work for an employer that offers salary packaging benefits, you should ask some questions about novated leasing. Novated Leases may […] Read more
Novated Leasing is how you can own the car of your dreams as well as save money using pre-tax salary. So the FAN team are delighted to be launching the 2021 Novated Leasing Guide with updated vehicle data and articles that explain the benefits of novated leasing. This edition is exciting because there’s more hybrid […] Read more