Novated car leasing is a three-way lease agreement between an South Australian employee, an employer, and a financier. This ATO-approved agreement allows Adelaide & SA employees like you, to be able to finance your new or used car (and all the running costs that go with it), using your pre-tax income.
With Fleet Network, a novated car lease term can be anywhere between 1 and 5 years. You can choose the length of the term to suit your needs, and each monthly payment goes towards reducing the balance of your novated lease. The automatic deductions from your pre-tax salary mean you won’t need to stress about budgeting for a car loan or remembering to make car payments – bonus! Once the term has ended, there is a set residual to pay.
When compared to financing the car on your own, you’ll receive significant tax benefits with a novated lease and salary packaging. Which means it’s time to say goodbye to regular car loans or paying cash, and say hello to a novated lease – the easiest, most cost-effective way to purchase your new or used car.