Anyone can enjoy tax relief from the cost of owning and running a car even if it is used for 100% private use. Whether new, used or even the car you currently own, regardless of how many kilometers you drive, if you are an employee paying tax you too can take full advantage.
Once you combine the income tax savings, GST savings and fleet discounts, novated leasing outperforms any other car buying or financing option – even a 0% car loan doesn’t compete! Try our Novated Lease Calculator to compare.
You avoid GST, reduce your income tax and no FBT on your running costs means tax free motoring. Depending on your tax marginal rate, the net effective cost of fuel can be reduced by up to 50%.
Annual saving compared to a conventional car lease with the same interest rate and residual value(see notes at bottom of page)Go Advanced
We are a privately owned Australian company that has grown to be one of the industry leaders yet still remain small enough to care and deliver good old fashioned service. Established in 2004 we have financed over 5,000 vehicles. With a focus on your needs and circumstances we help you understand your options to save both time and money. We provide you with all you need to compare your options and enable you to make your own informed decisions.
Thanks for all your help. I would highly recommend your service to any of my family and friends.
Leana - Newcastle
It is really nice to deal with someone who knows what they are talking about, can explain it to someone who doesn't and has a good sense of humour. Most people I have dealt with when I comes to finance have the personality of a retarded sloth.
Tristan - Albury
Fincar make it really easy to understand and demonstrate clearly the advantages and value of novating. For me it was simply a no brainer.
Meg - Perth
Step 1. You choose the car you would like to drive, new or used. You can find the car yourself or let FINCAR source the car with HUGE fleet discounts. If you already have an existing car we can even package that.
Step 2. We calculate how much it is going to cost to run your car including fuel, maintenance, tyres, insurance and registration and provide you with itemised quote.
Step 3. We advise your employer of how much to deduct from your pay before tax to cover all costs associated with running your car and a little after tax negating FBT. The deductions remain unchanged and consistent throughout your lease.
Step 4. Your employer passes the deductions onto us and we manage the lease on your behalf. We provide you with a fuel card, we book and pay for all your service and maintenance needs, ensure your insurance premiums are paid and up to date, renew and pay for your registration and more.