With an agreement between you, your employer and a fleet company like Toyota Fleet Management (TFM), a novated lease lets you buy the car you want, any make or model not just Toyota. Costs are packaged as one payment deduction from your salary, which is handy for budgeting and means you don’t need to do a thing as your employer takes care of the payments for you.
One of the biggest potential drawcards of a novated lease is the ability to save on tax^. Firstly, you don’t pay GST on the purchase price of your vehicle. Secondly Income tax (PAYG) can be reduced as running costs like fuel and servicing are paid for in pre and post-tax salary deductions. This all means that you can reduce your taxable income so you pay less income tax. You’ve got to love that.
Thanks to the buying power of Toyota Fleet Management, you can receive tap into big discounts on the car you choose to buy. And because funding comes directly from Toyota Finance, you can access some of the lowest lower interest rates in the market.
Already convinced? Why not enquire now.
Your car lease payments also include fuel, maintenance, servicing and tyres. And you can say goodbye to queues at the transport office, as rego registration is covered too. We’ll even take care of your CTP insurance. How good does that sound!
Let’s do a recap.
- Your employer takes care of your payments– check.
- Fuel, maintenance, servicing and tyres are included – done.
- CTP and rego – yep, that’s covered too.
That’s all your major car expenses taken care of with one simple salary deduction. How good does that sound!Would you like to learn more? Enquire now or to see how a novated lease compares to a car loan, or check out our novated lease calculator.
The information in this article is for your general information only. It is provided by Toyota Fleet Management, a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536. ^It is recommended that you seek appropriate advice from a taxation consultant or financial advisor. *Subject to lending criteria and approval of your finance application. Full details available on request.
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