If you’re still trying to get your head around how a novated lease works, here’s an example that might paint the picture for you.
Keep in mind, these circumstances might not reflect yours and therefore the benefits and amounts listed here might not represent the benefits you will receive based on your personal situation.
Sally is 32 years old and earns $65,000 per annum. She wants a brand new car valued at $20,000. She estimates that she’ll drive around 15,000 km a year to and from work, social visits and weekends away. Sally has little if any work related travel.
Sally is …