Novated
Leasing

Is a novated lease right for you?

There are many options for vehicle finance suitable for a wide range of vehicle types, budgets and personal requirements.

For those who need a vehicle that will be predominantly used for work purposes, a novated lease can be a cost-effective option.

There are numerous car finance options available, and it can depend on your needs, as well as your budget, as to what is best suited to your situation.

If the reason you need a vehicle is primarily for work purposes, rather than personal use, then a novated lease may be a good financing option for you.

You need to discuss with your employer if a novated car lease is something they’re willing to enter into, but there can be benefits for both you and your employer.

One of the main benefits of a novated lease is that, depending on the car’s value, it can reduce your taxable income at no cost to your employer, potentially saving you money.

The employer is also not responsible for the vehicle if the employee leaves, so they won’t be left out of pocket.

Check if your employer offers novated leasing, and if you’re a full-time or permanent employee, you may be eligible for a novated lease.

If you’re considering a novated car lease, or need help with your vehicle finance, contact the team at 360 Finance.