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EOFY – The perfect time to salary package a car

20/05/2021 by Lania Mason in Novated Leasing

As we all know, the end of financial year is a buyers’ market associated with discounted bargains and exclusive deals. And if you’re looking to purchase a new car, now is the time to do it.

Car dealers and manufacturers are eager to close their books on a financial high and are willing to spend vast amounts on advertising to lure potential buyers into their car yards.

Sure, you can grab a bargain by shopping with a dealer directly, but did you know that you can save even more by salary packaging your car with a Fleetcare Novated Lease?

What is a novated lease?

Put simply, a novated lease is the most cost-effective way to buy and run your next car. It’s an agreement between you, your employer, and a novated leasing company – like Fleetcare.

A Fleetcare Novated Lease is an all-inclusive salary packaging option that lets your pay for a new or used car and its running costs from your pre-tax salary. By doing so, you’ll reduce your taxable income and ultimately pay less tax for the life of your lease.

Savings, savings and more savings!

When you buy direct from the dealer, you’ll save money on the purchase price but that’s all you’ll ever see. With a Fleetcare Novated Lease, not only will you take full advantage of the EOFY vehicle discounts on offer, you’ll continue to save for as long as you own the vehicle.

This includes access to GST savings not only on the vehicle purchase price, but also on fuel, servicing, tyres and more. That’s a 10% saving right there!

And because the payments for your vehicle and running costs come out of your pre-tax salary, your taxable income will reduce leaving more money for you to spend on other things.

Budgeting made easy

Savings are great and do add up, but what Fleetcare customers enjoy most about novated leasing is it simplifies your budget. When you know how much your vehicle is going to cost you each pay, budgeting becomes a whole lot easier.

And since your vehicles’ running costs are included, you’ll never be caught out when it’s time for new tyres or that registration renewal again. It’s all covered in your simple novated lease payment.

We also support you from start to finish by assigning you with a dedicated account manager to help with any queries you have. And in the event where you need us the most (such as roadside assistance), our 24/7 driver support advisors are on hand to get you back on the road as quickly as possible.

With the additional savings, simplified budgeting and customer care, it’s no wonder why more and more Australian drivers are opting for a novated lease rather than buying a vehicle outright.

For personalised quote on your circumstances or to learn more about Novated Leasing, call us on 134 333.

Get in touch with our friendly team