NOVATED LEASE
What is a Novated Lease?
It’s a three-way agreement between you, your employer and SupaLease. A ‘Novated Lease’ allows an instant discount of your new car – you don’t have to pay GST on the purchase price of the vehicle. This instantly saves you thousands of dollars.
You can include all the operating costs of the car including fuel, registration, maintenance, insurance of the car which increases further savings.
The employee can salary-sacrifice these costs towards the cost of their vehicle and these are paid from the employee’s pre-tax salary (gross salary ex-super).
These associated expenses associated with running the vehicle are updated in real time, which allows the driver to keep up-to-date on all costs. SupaLease manages all the payments on your behalf so you’re never out of pocket.
Any further questions on a Novated Lease? Contact us here.
How does a Novated Lease work?
We work with you and your employer to calculate the optimal amount that should be deducted from your pre-tax income and use this to pay for your operational expenses. For example, when you have an expense such as petrol – you pay for it using a SupaLease payment card and we deduct it from the amounts we have received from your employer.
Your vehicle is fully managed by SupaLease
Your Novated Lease can include all the motor vehicle running costs like fuel, maintenance, insurance, etc. SupaLease manages all these expenses on your behalf, so you don’t have to worry! We can also customise the lease to your specific needs.
Online Reporting at SupaLease
SupaLease provides empowerment and convenience to our customers via our online reporting system. Yes, you too can save with a Novated Lease.
✔ It doesn’t matter if the vehicle is only for private usage
✔ It doesn’t matter if you only drive low kilometres
✔ Any income bracket can take advantage of it
✔ You can even use a Novated Lease to purchase a used car
Hot Novated deals this month!
We’ve always got new and used cars at great prices. If you have something in mind, or want us to help find you the perfect vehicle, get in touch and we’ll walk you through your options.
*T&C’s: Indicative calculations based on a Novated Lease over a 3 year term with 47% balloon. Annual employee salary is based on $150k with an estimated 12,850 km pa. Inclusions: service, maintenance, tyres, rego, roadside, insurance, management & fuel (if required). Vehicle prices are subject to change but calculations are accurate as at 27/08/24.
