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Australian Drivers Save Over 50% On Petrol For Life

After the cost of funds, fuel is likely to be the second biggest cost of car ownership.  You already know how a novated lease saves you heaps on your car lease, (remember?  Lease repayments pre-tax, fleet-owners discount and no GST on the purchase etc etc) but did you know that a fully maintained novated lease will save you even more (proportionally) on your fuel?!

 

Here’s how…

Well first up, you use your fuel card which is regularly topped up via your pre-tax income.  Whammo – that’s an immediate saving of up to 47% depending on your marginal tax rate.  If you’re earning …

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What is a Novated Lease?

The costs of running a car can sometimes be too much. Things you might not even think about when you’re looking at buying or leasing a car to suit your budget all add to the cost – petrol, tyres, repairs, regular servicing.  If the thought of all the extra costs above the actual price of the car is causing you stress, novated leasing might be the answer you didn’t even know you were looking for.

We cover the basics of novated leasing including what exactly novated leasing means, how it works and what it involves.

What Exactly is a Novated Lease?

A novated …

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The Advantages of a Novated Lease

You might be wondering why you should choose a novated lease, as opposed to a regular lease or buying a car outright.  There are many benefits involved in a novated lease both for employees and employers which make novated leasing a great option.

If you are thinking about taking out a novated lease and you’re not sure why you should, here are some of the key advantages of a novated lease:

1. Huge tax savings. Not only are the lease repayments paid out of your pre-tax income, but the running costs of the car are paid from your pre-tax income too.  This …

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How Much Money Do I Have to Earn?

A lot of people shy away from the option of novated leasing believing that a high income is a requirement for taking on a novated lease. This isn’t the case. Novated leasing is an option for everyone, whether you are on a high income or not.

There are no requirements that say you need to earn over a particular amount to be eligible for a novated lease.  Whilst this is the case, you might find that a novated lease isn’t actually going to be beneficial to you.   It all comes down to your individual circumstances including how …

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