A tax-effective way to salary package your next car
You may have overheard work colleagues talk up novated leasing, but apart from “that thing where you could save on a car”, what is it – and how does it work?
Basically, a car is leased in your name, via your employer, but unlike regular car finance, your repayments are sourced from a combination of your pre and post-tax salary. While fringe benefits tax might apply, salary packaging a car could lower your taxable income and reduce the overall cost of running a car.
What’s more, a novated lease allows you to bundle not only your lease payments but all your car’s running costs – including petrol, insurance, rego and servicing – into one convenient regular payment.
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"RemServ just did everything. They were so helpful, I thought yes, let’s go for it! I don’t have to worry about petrol, about the tyres need replacing, or that it’s up for a service. All that’s been taken out of my pay and I just love it."
"A novated lease just makes financial sense… It’s enabled me to take the kids on holidays and treat them."
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Whether you're ready to get started or would like to know more, we're here to help.