Looking at a Novated Lease ? Let the team at BFG help
What is a novated lease?
A novated lease is a powerful ATO-approved vehicle financing solution that streamlines the way you pay for your car. By having your car repayments and associated running costs deducted from your pre-tax salary, you lower your taxable income and benefit from potential tax savings. This means you get to drive the car you want while saving money on taxes and eliminating the need to separately manage vehicle-related expenses.
With a novated lease, everything is taken care of, from monthly repayments to running costs like fuel, insurance, and maintenance. All of these payments are managed through your salary packaging, making it easier to budget and keep your finances in check.
The convenience and potential tax benefits make a novated lease an attractive option for anyone looking to finance a new vehicle. Would you like to explore how a novated lease might benefit you specifically or learn about any other features it offers?
How does a novated lease work ?​
A novated lease offers a great way to finance a vehicle while potentially saving on taxes and reducing overall vehicle expenses. The fact that it allows you to lease a car using your pre-tax salary means you’re effectively lowering your taxable income, which can result in significant savings. This is especially helpful if you’re aiming for a more eco-friendly vehicle, as electric cars and hybrids often have additional incentives.
When considering a novated lease, it’s essential to compare your current expenses (including fuel, maintenance, and insurance) with the fixed payments associated with the lease. Tools like the novated lease calculator can help you understand exactly how much you stand to save over time.
It’s also important to be aware of the lease terms and any additional charges that could apply during the lease period. By understanding all aspects of the arrangement you can make sure that a novated lease fits well with your financial goals and lifestyle. Baulman Financial Group does recommend to seek advice from your accountant before making your final decision.
Would you be interested in exploring how to use a novated lease calculator, or need help finding one?
Your route to savings
Drive away in a new car and save thousands.
Salary sacrifice and save
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FBT Exemption on EVs
Customised Lease Solutions​
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GST savings
Same Day Approval, Easy Repayments
Save big with novated leasing benefits
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Novated leasing allows you to save on taxes while driving the car you love. With flexible payment options, you can enjoy hassle-free car ownership.
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Drive your dream car with ease
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A novated lease lets you drive the car you’ve always dreamed of. With simple, affordable payments, getting into your dream vehicle has never been easier.
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Flexible payment options with novated leasing
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With novated leasing, enjoy flexible payment plans. Whether you prefer low monthly payments or a tailored solution, novated leasing is the best option.
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Stress-free driving experience
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Novated leasing includes all the essentials, from insurance to maintenance, ensuring hassle-free car experience. Drive with peace of mind and no unexpected costs.
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