#novated car lease
Explore tagged Tumblr posts
Text
Choosing the Right Novated Lease Provider: A Comprehensive Guide.
Introduction
When considering a novated lease for acquiring a vehicle, selecting the right provider is crucial. In this blog post, we'll delve into the factors to consider when choosing novated lease providers, highlighting key considerations, benefits, and how to make an informed decision.
Understanding Novated Lease Providers
What are Novated Lease Providers?
Novated lease providers are companies that facilitate novated lease agreements between employees, employers, and finance providers. They manage the administrative aspects of the lease, including payment processing, vehicle servicing, and insurance coordination.
Benefits of Choosing a Reputable Provider
Expertise and Experience
Reputable novated lease providers have extensive expertise and experience in managing novated leases. They understand the intricacies of tax regulations, lease agreements, and vehicle financing, ensuring a smooth and efficient process for both employers and employees.
Comprehensive Services
Leading novated lease providers offer comprehensive services tailored to meet the diverse needs of clients. From vehicle selection assistance to ongoing support for lease management and maintenance, they provide end-to-end solutions that simplify the process for all parties involved.
Access to a Wide Network
Established novated lease providers often have partnerships with various automotive dealerships, finance institutions, and service providers. This extensive network allows clients to access a wide range of vehicles, competitive financing options, and preferential rates for servicing and insurance.
Choosing the Right Novated Lease Provider
Reputation and Track Record
When selecting a novated lease provider, reputation matters. Researching customer reviews, testimonials, and industry accolades can provide insight into the provider's track record and reliability. Choose a provider with a proven reputation for excellence and customer satisfaction.
Transparency and Communication
Transparency and open communication are essential when dealing with novated lease providers. Choose a provider that prioritizes clear communication, provides detailed information about fees and charges, and offers ongoing support throughout the lease term.
Flexibility and Customization
Every individual's financial situation and vehicle preferences are unique. Look for a novated lease provider that offers flexibility and customization options to meet your specific needs. Whether it's selecting the right vehicle, adjusting lease terms, or accessing additional services, choose a provider that puts your interests first.
Conclusion
Choosing the right novated lease provider is a crucial step in the process of acquiring a vehicle through a novated lease arrangement. By considering factors such as expertise, reputation, transparency, and flexibility, individuals can make an informed decision that aligns with their financial goals and lifestyle needs. With the right provider by your side, a novated lease can be a convenient and cost-effective way to drive the vehicle of your choice while enjoying tax benefits and flexibility.
For More Information Visit - https://www.fingo.com.au/
Contact US - Phone - 1300134646 Mail ID - [email protected] Timings - 9:00AM - 5:00PM
0 notes
Text
Save Big on Kia EV9 Air
If you’re looking for a new car – we have good news for you! Kia has slashed the price of the Kia EV9 Air for a limited time only, bringing the vehicle under the Luxury Car Tax threshold (below $89,332 plus on-road costs). The price drop means extra savings for drivers, who will also benefit from Australia’s Electric Car Discount, as eligible EVs are exempt from the 47 per cent Fringe Benefits…
View On WordPress
#AEB#ambient lighting#Australian market#AWD#blind spot detection#car discount#car enthusiasts#cross traffic alert#Cutting-Edge Technology#drive away#Eco-Friendly#electric discount#electric vehicle#EV9 Air#financial year#fringe benefits#green driving#GST#heated seats#income tax#Kia#Kia Connect#Lane Assist#lease savings#lease specialist#luxury car#luxury EV#Meridian sound system#multi-collision braking#novated lease
0 notes
Text
Can I Upgrade My Car with a Novated Lease?
If you're considering a novated lease for your next car purchase, you may wonder whether it's possible to upgrade your vehicle during the lease term. The good news is that upgrading your car is not only possible but also relatively easy.
In this blog, we'll explore the process and benefits of upgrading your car with novated leasing. Let's dive in and learn how you can enjoy a newer, better vehicle.
Understanding Novated Leasing
A novated lease is a financial arrangement that involves three parties: you, your employer, and a finance company. This type of lease allows you to pay for your vehicle and its running costs through your pre-tax and post-tax salary, potentially saving you money on your tax bill.
The Process of Upgrading Your Car with Novated Leasing
1. Assess Your Current Lease Agreement
Start by reviewing your current lease agreement. Take some time to understand the terms and conditions, including any potential fees or charges associated with terminating your lease early or upgrading your vehicle. If you're unsure about the specifics of your agreement, consult with your leasing provider for assistance.
2. Choose Your New Vehicle
Once you've assessed your current lease agreement and concluded that upgrading is a viable option, it's time to start researching your new vehicle.
With a novated lease, you generally have the freedom to choose from a wide range of makes and models, allowing you to find the perfect car that suits your needs and preferences. Consider factors like fuel efficiency, maintenance costs, and resale value when selecting your new vehicle.
3. Obtain a Quote for Your New Lease
After selecting your new vehicle, contact your leasing provider to obtain a quote for your upgraded novated lease. This quote will outline the new lease term, repayment amount, and any applicable fees or charges. Compare this quote with your existing lease to ensure that upgrading is financially beneficial.
4. Trade-In or Sell Your Current Vehicle
If you decide to proceed with upgrading your car, you'll need to either trade in your current vehicle or sell it privately. The proceeds from the sale or trade-in can be used to pay out the residual amount on your existing lease, allowing you to transition to your new novated lease seamlessly.
5. Finalise Your New Novated Lease Agreement
Once you've settled the residual amount on your existing lease and have your new vehicle ready, you can finalise your upgraded novated lease agreement. Your leasing provider will handle the necessary paperwork and liaise with your employer to ensure that your new lease repayments are deducted from your salary as required.
Benefits of Upgrading Your Car with a Novated Lease
1. Enjoy a Newer, More Advanced Vehicle
One of the most significant advantages of upgrading your car with a novated lease is the opportunity to drive a newer, more advanced vehicle. You'll get access to the latest safety features, technology, and fuel efficiency improvements.
2. Maintain a Consistent Monthly Budget
By upgrading your car with a novated lease, you can maintain a consistent monthly budget for your vehicle expenses. Your lease repayments will continue to be deducted from your salary, and your running costs (fuel, maintenance, insurance, etc.) will be bundled into one convenient payment. This can help simplify your personal finances and make it easier to manage vehicle-related expenses.
3. Potentially Lower Running Costs
Upgrading to a newer vehicle through a novated lease may result in lower running costs. This is because newer cars tend to be more fuel-efficient and may require less frequent maintenance. This can translate into potential fuel, servicing, and repair savings over the course of your lease term.
4. Flexibility to Adapt to Changing Needs
Life circumstances can change. Upgrading your car with a novated lease will help you adapt to those changes by selecting a vehicle that better suits your current needs.
Whether you require more space for a growing family, a more fuel-efficient car for a longer commute, or a vehicle that boasts the latest automotive technology, upgrading your car with a novated lease offers the flexibility to do so.
Make a Smarter Choice with Apex Novated Leasing
Upgrading your car with a novated lease is an excellent option for employees who want to enjoy the benefits of driving a newer, more advanced vehicle while maintaining the tax and financial advantages of a novated leasing arrangement.
By carefully considering your current lease terms, the potential costs and benefits of upgrading, and working with a trusted leasing provider like Apex Novated Solutions, you can ensure a smooth and seamless transition to your upgraded vehicle.
The company provides novated leases for employers and employees. Let's get started! For more insight into novated car leasing and salary sacrificing for employees, contact their team.
0 notes
Text
Novated Lease - Car Leasing Australia - Eziway Leasing
Car leasing is a popular option for many Australians who are looking for a way to get behind the wheel of a new car without having to purchase it outright. Whether you're a business owner, an employee, or simply someone who wants to drive a new car without a long-term commitment, car leasing can be a great option to consider.
At Eziway, we offer a range of car leasing options, including novated leasing, which can be a particularly attractive choice for many people.
What is a Novated Lease?
A novated lease is a type of car lease that allows you to lease a car through your employer. Essentially, your employer takes on the responsibility for the lease payments and deducts the cost from your pre-tax income. This can have the effect of reducing your taxable income, which can in turn help you to save money on your overall tax bill.
Novated leases can be a great option for many people, especially those who use their car for work purposes or who want to drive a new car without the long-term commitment of ownership. With a novated lease, you can choose the car you want and then know that your lease payments, insurance, and other associated costs are all taken care of.
Car Leasing Australia
At Eziway, we offer a range of car leasing options to suit your needs. Whether you're looking for a novated lease or a more traditional car lease, we can help you to find the right option for you. We work with a range of reputable car dealerships throughout Australia to ensure that you get the best possible deal on your lease.
With our car leasing options, you can choose the car you want and then enjoy the benefits of leasing without the long-term commitment of ownership. Whether you're a business owner, an employee, or simply someone who wants to drive a new car without the hassle of ownership, we can help you to find the right car leasing solution for your needs.
Novated Lease Calculator
If you're interested in a novated lease, we offer a handy novated lease calculator on our website. This calculator can help you to work out how much you could save on your tax bill by choosing a novated lease. Simply enter your income details and the cost of the car you want to lease, and our calculator will do the rest.
Our novated lease calculator is easy to use and can provide you with a clear idea of the potential savings you could enjoy by choosing this type of lease. It can also help you to compare the costs of different cars and leasing options to ensure that you make the right choice for your needs.
In conclusion, car leasing can be an excellent option for many people who want to drive a new car without the long-term commitment of ownership. At Eziway, we offer a range of car leasing options to suit your needs, including novated leases that can help you to save money on your tax bill. So explore our website today and see how we can help you to get behind the wheel of your dream car.
For more details visit: https://eziwayleasing.com.au/
1 note
·
View note
Text
How Employers Can Boost Tax Benefits For Their Employees
One of the best ways for Australian organisations to attract and retain top talent is by offering them better tax benefits. While there’s no getting out of income tax deductions, you can make things easier for your employees through a smart and strategic salary sacrifice arrangement. This is when the employee agrees to give up a certain part of their future entitlement in exchange for benefits.
A recent survey revealed that 1 in 10 employed individuals dislike their jobs. It also highlighted that approximately half of the Australian workforce is satisfied with their jobs.
Salaray packaging can help change this. Here’s how this can help employers improve employee satisfaction and offer greater tax benefits.
How Does Salary Sacrifice Enhance Tax Benefits for Employees?
Many people are misled by the word “sacrifice” and think they’ll be giving up benefits. The truth is that salary sacrificing is a great way for employers to boost employee tax benefits through a three-way financial arrangement involving the two of them and the financier. Once the agreement is made, a pre-decided amount is deducted from the employee’s pre-tax salary. This is then transferred to their benefits instead. In other words, a pre-determined portion of an employee’s salary can be “sacrificed” to reduce their taxable income.
For instance, let’s suppose an employee’s annual pre-tax salary is $80,000. By entering a salary sacrifice arrangement, they agree to receive $60,000 as their income and the remaining $20,000 as benefits. Thus, their taxable income is reduced to $60,000 through salary packaging and they get to pay less for taxes.
Usually, tax is deducted from an employee’s salary before they’re paid. The after-tax amount they receive is what they can then use for their expenses. By opting for salary packaging, their annual salary remains the same. However, the arrangement reduces the total taxable salary. This means that even though they get paid the same salary amount they were paid before, their taxes are reduced, and they have a greater take-home amount because of the benefits they signed up for.
That said, every organisation and employer has their own salary packaging benefits. You can consult with professionals to determine how you wish to go about salary sacrificing for employees.
Who Benefits From Salary Sacrificing?
Salary packaging is ideal for full-time and part-time employees. It’s especially recommended for employees earning middle to high incomes. This is because they have more available funds and can easily cater to their non-essential or additional expenses. Individuals working as casual workers or contractors aren’t eligible for this financial arrangement.
Employers also benefit from salary packaging. It’s a great recruitment strategy and can be used to attract and retain top talent. Individuals are more likely to accept job offers at your organisations and stay with your company if they’re granted tax benefits like the ones offered by salary sacrificing.
What Can Be Included In a Salary Sacrifice Arrangement?
As mentioned above, employers can decide the type of benefits they wish to offer employees in a salary packaging arrangement. There aren’t any particular restrictions to what may or may not be included in a salary sacrifice package. Australian employers have actively been reinventing workplace flexibility and offering various types of benefits, and this is evident in the salary sacrifice agreements they provide.
There are usually three categories that you can turn to when determining employee tax incentives to replace taxable income. The types of benefits generally provided in salary sacrifice arrangements by employers include:
Fringe benefits
Exempt benefits
Superannuation
Fringe Benefits
Fringe benefits are payments made to employees in the form of memberships, vehicles, loan repayments, childcare and/or school costs, properties, and recreational or entertainment benefits. For instance, you may provide your employees with a company-maintained car or help them own one through a novated lease. You could also take care of their reimbursements, offer them gym memberships, or provide real estate benefits.
Employers are required to pay fringe benefits tax (FBT) for the benefits mentioned above.
FBT Exempt Benefits
You could also opt for FBT exempt benefits. These include specific benefits employers don’t have to pay fringe benefits tax for, making them all the more appealing to organisations. Items commonly included in these benefits include work-related portable devices (phones, laptops, pagers, etc.), computer software, tools of the trade, and protective clothing.
Employers don’t have to pay FBT on these items if they’re primarily used for work purposes by employees.
Superannuation
There’s a third way for you to boost your employees’ tax benefits: by contributing to their super funds. Super contributions benefit organisations as well as their employees. These benefits are FBT exempt, reducing the tax employers need to pay. Moreover, super funds contributions have 15% tax payment contributions, making it a feasible option.
This is a good option for employees to build their retirement savings as the pre-decided amount deducted from their pre-salary tax goes straight into their superannuation accounts. Alternately, the contributions can be used to make big purchases, such as buying a house or a property. Since the contributions are categorised as employer super contributions, they needn’t worry about tax deductions.
Boosting Tax Benefits Through Novated Car Leasing
One of the best ways for companies to tap into salary sacrificing for employees is by offering novated car leasing. This financial arrangement is a popular form of salary packaging and allows salaried individuals to lease their desired cars as part of their salary packages. By offering a novated car lease to your employees, you can encourage them to invest in their preferred vehicles while taking care of the lease and running costs.
Research has shown that offering benefits like novated car leases can contribute to an organisation’s long-term company growth. It keeps existing employees happy and encourages external candidates to apply, enhancing your company’s reputation. It also helps employees enjoy greater tax benefits by reducing their taxable income in the process.
Work With Novated Leasing Experts in Australia
The team at Apex Novated Solutions helps organisations in Australia offer salary sacrifice car schemes to employees. The novated car leasing company partners with several financiers in the country to help salaried individuals lease their preferred vehicles, making the novated car leasing process hassle-free and efficient for employers and employees alike.
Get in touch with their team today to learn more about their customised corporate novated leases.
0 notes
Text
Navigating Your Options: Vehicle Finance and Asset Finance in Sydney
For businesses and individuals in Sydney, finding the right financing options for vehicles and assets is essential for growth and operational efficiency. Whether you are looking to expand your business fleet or acquire critical assets for your operations, understanding the benefits and options for vehicle finance in Sydney and asset finance in Sydney is crucial. This article will guide you through these financing options and help you make an informed decision.
Understanding Vehicle Finance in Sydney
Purchasing a vehicle, whether for personal use or business purposes, often requires a significant financial outlay. Vehicle finance in Sydney offers a practical solution for those who wish to avoid the upfront cost of buying a new or used vehicle. With multiple lenders and financing products available, vehicle finance provides several benefits:
Flexible Repayment Options: Most financial institutions in Sydney offer flexible repayment terms tailored to your budget and financial situation. This flexibility allows you to manage your cash flow effectively.
Lower Initial Costs: With vehicle finance, you can drive away with your desired vehicle without the burden of a large upfront payment.
Access to Newer Models: Financing allows you to upgrade to newer models with better features and fuel efficiency, which can be particularly beneficial for businesses that rely on vehicles for operations.
Sydney's diverse financial market ensures that you have access to a wide range of vehicle finance options, including car loans, novated leases, and chattel mortgages, each with its own set of benefits and conditions.
What is Asset Finance in Sydney?
Asset finance in Sydney goes beyond just vehicles; it encompasses financing for various types of assets that businesses require, such as machinery, equipment, and technology. Asset finance helps businesses acquire essential equipment without the need for substantial capital outlay. The benefits of opting for asset finance include:
Improved Cash Flow: Instead of paying a large sum upfront, businesses can spread the cost of the asset over a fixed period, preserving cash flow for other critical needs.
Access to the Latest Equipment: Financing allows businesses to invest in the latest technology and equipment, which can improve productivity and efficiency.
Tax Benefits: Depending on the type of asset finance, businesses may benefit from tax deductions, making it a cost-effective solution.
Like vehicle finance, asset finance in Sydney comes in various forms, such as leases, hire purchases, and commercial loans. This variety enables businesses to select the most suitable financing option based on their operational needs and financial goals.
Choosing Between Vehicle Finance and Asset Finance in Sydney
When it comes to deciding between vehicle finance in Sydney and asset finance in Sydney, it's important to assess your specific needs and financial situation. Here are some steps to guide your decision:
Identify Your Requirements: Determine whether your business needs revolve around vehicles or other types of equipment. If you need vehicles for logistics or service delivery, then vehicle finance is the right choice. For specialized machinery or technology, asset finance may be more appropriate.
Analyze the Costs: Compare the interest rates, fees, and repayment terms associated with both types of finance. Understanding the total cost of financing will help you choose the most cost-effective option.
Consult Financial Experts: Engaging with financial advisors in Sydney can provide you with insights tailored to your business. They can help you understand the various options available and select the best solution for your needs.
Conclusion
Both vehicle finance in Sydney and asset finance in Sydney offer valuable options for individuals and businesses looking to invest in their future. By carefully assessing your requirements, comparing costs, and consulting with experts, you can choose the best financing solution that aligns with your financial goals and business strategy. Make a smart financial decision today to drive growth and efficiency in Sydney. For more information, please visit: https://www.netcorpfinance.com.au/
0 notes
Text
Novated Lease Pros and Cons: What You Need to Know Before You Decide
When it comes to getting a new car in Australia, a novated lease can be a fantastic option. But like any financial decision, it’s important to weigh the pros and cons to see if it’s the right fit for you. Whether you’ve heard about novated leasing through work or while searching for car offers online, understanding how it works can help you make an informed choice. We are going to break down the key advantages and potential drawbacks of a novated lease, and show you how to use our handy online calculator to find out how much you could save.
What is a Novated Lease?
Before diving into the pros and cons, let’s quickly cover what a novated lease is. In simple terms, a novated lease is a three-way agreement between you, your employer, and a leasing company. You choose a car, and your employer makes the lease payments directly to the leasing company out of your pre-tax salary—a process known as salary packaging. This can reduce your taxable income, leading to potential tax savings.
The Pros of a Novated Lease
1. Tax Savings: One of the biggest draws of a novated lease in Australia is the tax advantage. Since the lease payments are taken from your pre-tax salary, it can lower your taxable income, which might result in paying less tax. This benefit is particularly attractive for those in higher tax brackets.
2. Convenience: Novated leases bundle all the car-related expenses—like registration, insurance, and maintenance—into one simple payment. This means you don’t have to worry about multiple bills each month; everything is handled for you in one go.
3. Flexibility: A novated lease offers flexibility in choosing the car you want. Whether you’re after a brand-new vehicle or a pre-owned one, you can pick the car that suits your lifestyle and needs. Plus, when the lease ends, you have the option to buy the car, extend the lease, or simply hand it back.
4. Budgeting Made Easy: Since all costs are bundled into a single payment, it’s easier to budget your car expenses. You’ll know exactly what you’re paying each month, without unexpected repair bills or insurance hikes.
5. Employer Benefits: Employers in Australia also benefit from offering novated leases as part of their salary packaging options. It’s an attractive perk that can help with employee retention and satisfaction, making it a win-win.
The Cons of a Novated Lease
1. Employment Dependency: One of the main downsides of a novated lease is that it’s tied to your employment. If you change jobs, you might need to transfer the lease to your new employer or pay it out early, which can be costly. This is something to consider if you’re planning on switching jobs in the near future.
2. Residual Value Risk: At the end of the lease term, the car will have a residual value, which is the amount you’d need to pay if you want to buy the car outright. If the market value of the car is less than the residual value, you might end up paying more than the car is worth. Most of the time this isn’t an issue and if you pick the right vehicle you can eliminate this risk.
3. Complexity: While novated leases offer convenience, they can be a bit complex to fully understand. The terms and conditions, tax implications, and financial commitments can be tricky to navigate without proper advice.
4. Long-Term Costs: Although a novated lease can provide tax savings, it’s still a form of finance, meaning you’ll be paying interest over the lease term. Depending on the terms, you might end up paying more in the long run compared to buying the car outright, especially if you don’t need the tax benefits. This is why it is important to crunch the numbers before hand to see how much you can benefit.
5. Potential for Over-Commitment: With the allure of tax savings and a new car, it’s easy to over-commit financially. Make sure you’re not stretching your budget too thin by opting for a more expensive car than you’d otherwise choose.
Is a Novated Lease Right for You?
Whether a novated lease is right for you depends on your financial situation, employment stability, and personal preferences. To get a clearer picture, we recommend using our Novated Saver online calculator. It’s a quick and easy tool that shows you how much you could save through salary packaging and helps you compare different car offers. By entering a few basic details like your income, lease term, and vehicle choice, you can get an instant estimate of your potential savings.
A novated lease can be an excellent option for many Australians, offering tax savings, convenience, and flexibility. However, it’s important to consider the potential downsides, such as employment dependency and long-term costs. The best way to find out if a novated lease suits your needs is to run the numbers yourself. Head over to the Novated Saver calculator to see how much you could save and make an informed decision.
Don’t leave your savings to chance—explore your options with Novated Saver today!
0 notes
Text
Macquarie's banking unit to stop new car loans to focus on mortgage growth By Reuters
New Post has been published on https://petn.ws/vpvbz
Macquarie's banking unit to stop new car loans to focus on mortgage growth By Reuters
(Reuters) – Australian financial conglomerate Macquarie Group (OTC:) said on Monday its banking and financial services unit will stop new car loans through direct, broker and novated lease channels in a bid to prioritise growth of home loan and deposit offerings. “This decision will enable us to further prioritise the growth of our home loan […]
See full article at https://petn.ws/vpvbz #PetFinancialNews
0 notes
Text
Leased EVs leading the way Strong growth in novated leases, particularly for electric cars, is helping boost the number of new car sales in Australia. https://cars4starters.com.au/leased-evs-leading-the-way/?feed_id=31651&_unique_id=65fa1ab276341
0 notes
Text
Experience the Kia EV9 Air: Affordable Novated Lease & FBT Exemption
Discover the stunning Kia EV9 Air available for test drive and learn about BeCarWise exclusive novated leasing option with fringe benefit tax exemption. Get this sub-$89,000 dollar car through a hassle-free leasing process. Take a closer look at the exceptional features and performance of the EV9 Air in this video. #KiaEV9Air #AffordableLease #FBTExemption #NoWeightedLease #CarwiseLeasing…
View On WordPress
#august2023#automativemuseum#cybertruck#electriccar#mostwanted#petersen#Teslabot#TeslaInTheGong#teslamodely#teslaupdates#topupgrades
0 notes
Text
Easi
Easi (formerly easifleet) are a novated leasing and fleet management company, offering vehicle finance and maintenance solutions to save you and/or your business thousands of dollars. We have offices on both western and eastern seaboard’s alongside being available online or over the phone. Our focus is on helping both employees and employers find the right solution whether that is through a novated lease, salary packaging, business car leasing, fleet management or low rate car finance and acquisition. The Easi online novated lease calculator will help you work out how much you can save online and we are happy to offer beat my purchase price and beat my finance quotes to ensure you’re always getting the best deal on the market.
Website: https://www.easifleet.com.au/
Address : Suite 1, Level 3/179 St Georges Terrace, Perth, WA
Phone Number: 1300 266 828
Business Hours: Mon-Fri: 09:00 AM - 05:00 PM
1 note
·
View note
Text
Charge Up Your Savings: Why Novated Leases are Perfect for Electric Cars.
The electric car revolution is upon us! These eco-friendly vehicles offer a cleaner, quieter way to drive, but the initial cost can be a hurdle. However, there's a solution: novated leasing. This innovative salary packaging option can significantly reduce the financial burden of acquiring an electric car, making the switch to sustainable driving more accessible than ever.
What is a Novated Lease?
A novated lease is a salary packaging arrangement that allows you to pay for a new or used car with pre-tax salary. This reduces your taxable income, leading to potential tax savings. Beyond the car itself, novated leases can also cover essential running costs like fuel (for traditional vehicles!), insurance, servicing, and even registration. It's a convenient all-in-one package that simplifies your budget.
Why is a Novated Lease Ideal for Electric Cars?
Several factors make novated leases particularly attractive for electric car ownership:
Tax Time Triumph: Since novated lease electric car payments come out of pre-tax income, they significantly lower your taxable income. These tax savings can help offset the initial cost difference between an electric car and a traditional gasoline-powered vehicle.
Government Green Light: Many governments offer additional incentives for purchasing electric cars, including tax rebates, reduced registration fees, and exemptions from fringe benefit tax (FBT) – a tax levied on certain employee benefits. A novated lease structure can maximize the benefits of these incentives, making electric cars even more affordable.
Long-Term Cost Advantage: While the upfront cost of an electric car might be higher, EVs boast significantly lower running costs compared to gasoline-powered vehicles. Factor in potential savings on fuel and maintenance, and the long-term financial benefits become even more attractive with a novated lease.
Finding the Perfect Novated Lease Partner for Your Electric Car:
Not all novated lease providers are equally familiar with the world of EVs. When seeking a novated lease for your electric car, choose a company that:
Embraces the EV Revolution: Opt for a provider with experience in structuring novated lease deals specifically for electric vehicles.
Offers Competitive Rates: Shop around and compare interest rates and fees from various providers to ensure you're getting the best possible deal.
Connects You to Charging Solutions: Some novated lease providers offer partnerships with charging networks, making it easier to manage your EV charging needs and maximize convenience.
Drive Green, Save Green:
A novated lease can be a game-changer for those considering an electric car. By minimizing your tax burden and offering a convenient way to manage running costs, novated leases can make the transition to electric mobility smoother and more financially attractive. So, if you're ready to join the EV revolution and save money while doing it, explore the benefits of novated leases and pave the way for a greener and more affordable driving experience.
Visit - https://www.fingo.com.au/novated-lease-electric-car/
Contact US - Phone - 1300134646 Mail ID - [email protected] Timings - 9:00AM - 5:00PM
0 notes
Text
What is Novated Leasing and How Do You Choose a Good Provider?
More Australians are discovering the benefits of novated leasing, with the salary sacrificing arrangement booming in popularity. A novated lease allows you to pay for your car and its running costs with your pre-tax salary. This dramatically reduces your taxable income, potentially saving you thousands each year. Once used almost exclusively by big corporations and the top end of town,…
View On WordPress
#account management#Alex and Julian Davis#attracting and retaining talent#Australian financial trends#car leasing savings#car purchase savings#choosing a novated lease provider#electric vehicle savings#employer benefits#employer leasing programs#EV incentives#financial health impact#financial planning#Ford Ranger lease savings#fringe benefits tax exemption#GST avoidance#import tariffs reduction#Leaselab#live account statements#novated lease eligibility#novated lease savings#novated lease specialists#novated leasing#petrol cost savings#Polestar 2 savings#pre-tax salary benefits#salary sacrificing#self-employed leasing options#tax savings#taxable income reduction
0 notes
Text
Fingo Finance
Fingo Finance is an innovative finance company offering smart car finance, car leasing, and expert car buying services for individuals, small businesses and enterprises. our goal is to put you in the driver’s seat of your dream car, without hassles and at a fair price. we will work with you to tailor a car finance solution that suits your specific needs. our range of services includes: consumer car loans, novated leases, operating leases, comprehensive car insurance and fleet management. with Fingo, you know that you’ll always save on tax when purchasing a new car, thanks to our in-depth industry knowledge. with our smart car finance options, we do the utmost to find more ways to help you save on gst, running costs and even your fuel. our service doesn’t end when we give you the keys, we keep up with you throughout and offer assistance with consistent reporting, information on managing your repayments and guidance on when to upgrade and how to continuously save. when your journey reaches its end, we can also help you get a fair private sale or trade-in price on your asset car. at Fingo, our transparent approach means you know and get exactly what you signed up for. no surprises and no hidden costs. Fingo Finance 10/14 Cochranes Rd, Moorabbin VIC 3189 1300134646 https://www.fingo.com.au/
Facebook Instagram Linkedin Google Maps Business Site Google Site
1 note
·
View note
Text
Unlocking Financial Benefits: A Comprehensive Guide to Salary Packaging with Eziway
Salary packaging is a powerful tool that allows employees to optimize their remuneration by structuring their salary in a way that maximizes take-home pay. One of the leading providers in this field is Eziway, offering tailored solutions to help individuals make the most of their earnings. In this article, we will delve into the concept of salary packaging, explore the benefits it offers, and discuss how Eziway can be a game-changer in optimizing your financial well-being.
Understanding Salary Packaging:
Salary packaging, also known as salary sacrificing, is a legal arrangement between an employer and an employee that allows the latter to receive a portion of their remuneration in the form of non-cash benefits. These benefits can include items such as cars, laptops, superannuation contributions, and even certain living expenses. By choosing to receive a portion of their income as benefits rather than cash, employees can reduce their taxable income and potentially increase their take-home pay.
Benefits of Salary Packaging:
Tax Savings:
One of the primary advantages of salary packaging is the potential for significant tax savings. By sacrificing a portion of their salary in favor of non-cash benefits, employees can lower their taxable income, resulting in reduced income tax obligations. This can be especially advantageous for high-income earners.
Increased Take-Home Pay:
Salary packaging enables employees to structure their remuneration in a way that maximizes their take-home pay. This additional income can be used for various purposes, such as savings, investments, or covering personal expenses.
Flexible Packaging Options:
Eziway provides a range of flexible packaging options to suit individual needs and preferences. Whether it's a novated lease for a new car, additional superannuation contributions, or the provision of electronic devices, employees have the flexibility to tailor their packages according to their lifestyle and financial goals.
Work-Life Balance:
Certain salary packaging options, such as the provision of meal and entertainment cards, can contribute to improving work-life balance. Employees can use these benefits to enjoy dining experiences, entertainment, or even wellness services, promoting a healthier and more enjoyable lifestyle.
Employee Retention and Satisfaction:
Offering attractive salary packaging options can enhance employee satisfaction and contribute to higher retention rates. Employees who feel financially supported and appreciated are more likely to stay with an organization in the long term.
Eziway: A Leader in Salary Packaging Solutions
Eziway is a prominent player in the salary packaging industry, offering comprehensive solutions to help individuals make the most of their earnings. With a commitment to simplifying the salary packaging process and providing tailored solutions, Eziway has become a trusted partner for both employers and employees.
Diverse Packaging Options:
Eziway understands that one size does not fit all. The company provides a diverse range of salary packaging options, including novated leasing, meal and entertainment packaging, superannuation contributions, and more. This flexibility allows individuals to create a package that aligns with their unique financial goals.
User-Friendly Platform:
Eziway’s user-friendly platform makes it easy for employees to manage their salary packaging arrangements. The intuitive interface provides access to important information, real-time updates, and the ability to make changes to benefit selections effortlessly.
Expert Guidance:
Navigating the complexities of salary packaging can be challenging, but Eziway offers expert guidance to simplify the process. Their knowledgeable team provides support to both employers and employees, ensuring that individuals make informed decisions that align with their financial objectives.
Compliance and Regulation:
Eziway places a strong emphasis on compliance and adheres to all relevant regulations in the salary packaging landscape. This commitment ensures that individuals can trust Eziway to provide legal and compliant salary packaging solutions.
Salary packaging with Eziway presents a unique opportunity for individuals to optimize their remuneration, reduce tax obligations, and enhance their overall financial well-being. The diverse range of packaging options, user-friendly platform, and expert guidance make Eziway a leader in the industry. By exploring the benefits of salary packaging and partnering with Eziway, individuals can unlock the full potential of their earnings and achieve greater financial freedom.
Contact us for enquiry:
Website: https://eziway.net.au/
Phone: 1800932394
0 notes
Text
Tesla going from strength to strength in Australia
If you think you’ve been seeing a lot of Teslas on the road lately, well you’re not wrong. The innovative electric carmaker created quite a stir in January this year when its Model 3 claimed third place on the Australian sales rankings with 2,927 sales.
That’s still some way short of the market leader, the Ford Ranger’s 4,749, but it’s a remarkable achievement for an electric sedan with a price tag north of $60,000. And the model 3 is not the only Tesla occupying a space in the top 10, because its new Model Y also held down ninth place with 3,313 sales.
However, some of those strong sales numbers are undoubtedly due to shipping delays that saw deliveries due in 2022 delayed until January 2023. Nevertheless, Tesla is on a roll in the Australian market, a testament to the rising popularity of electric vehicles and Tesla’s investment in its extensive charging infrastructure.
Clearly the American company’s strong brand image, innovative technology and commitment to sustainability is striking a chord with an increasing number of Australian car buyers. For now, it remains the only electric vehicle maker among the top 10 selling vehicles in an Australian market dominated by SUVs and utes.
Electric vehicle sales are on the rise in Australia, making up 5.7 per cent of the new vehicle market, or 4,852 sales in January. Within the market for electric vehicles right now there’s daylight between Tesla and the rest. January’s combined sales of Tesla’s Model 3 and Model Y — 3,313, dwarfs third place finisher the BYD Atto 3’s 267 sales.
If there’s one thing holding back electric vehicle sales it’s still price, with even the cheapest models, like the BYD Atto 3 still around double the price of a comparable internal combustion vehicle.
Given Tesla’s market dominance, the thought of the sales figures it could achieve with a truly affordable model is enough to have the CEOs of other carmakers muttering dark curses into their whisky glasses everywhere. And the bad news for them is that Tesla has one in the pipeline. Its intention is to produce a small car at approximately half the price of its Model 3 or Model Y.
“It will, I think… certainly exceed the production of all our other vehicles combined,” Elon Musk said.
That’s an exciting prospect for many would be EV owners, but even by Elon Musk’s own admission, its development is a long way off.
At any rate, Tesla won’t have the market to itself because the price of electric vehicles is coming down with a number of Chinese carmakers jostling for the market. But if you’re in the market for an EV then that higher purchase price really shouldn’t put you off, because the Australian Government has just come up with a raft of tax measures to make obtaining an EV through a money-saving novated lease a LOT cheaper than you might have thought.
Right now Fleetcare is offering novated leases on electric vehiclesat weekly rates that are guaranteed to surprise you. So whether it’s the top selling Tesla Model 3, the stylish Polestar 2, the fun BYS Atto 3, or the long range on offer from the Hyundai Kona Elite Electric, you’re sure to find a novated deal on an electric vehicle that perfectly matches your needs here at Fleetcare.
1 note
·
View note