Buying a new car is one of the largest purchases that you will make during your lifetime, while if you are a business owner in Australia then you will probably want to give your staff the chance to own a new make and model. Moreover, if you think about the prospect of owning a new car in Australia, as well as paying less tax to the government and enjoying a host of exclusive benefits then the concept of novated leasing could be ideal for your situation. In addition, for many employees, the chance of buying a vehicle through the use of a novated leasing agreement in Australia offers precisely this solution, an affordable, highly efficient and tax-effective method to upgrade their current vehicles to one of the latest models. Furthermore, through the use of novated leasing, your staff could save on their taxable income, as well as increase their financial freedom because this system reduces the amount of tax that they will have to pay and access a range of personalised options.
- Save on tax
Firstly, the use of a Novated Lease solution for your business can allow your employees to save on the amount of tax they pay to the government, a significant incentive that ultimately puts more money in their pockets at the end of every month. Similarly, whenever your employees lease a car through the use of a novated lease, the lease payments will be deducted from their pre-tax income, while through a reduction in their taxable income, they could lower their overall tax burden to the government.
- Flexible and convenient
Additionally, the use of novated leasing for your business can be a flexible and convenient solution that caters to the unique needs and preferences of the modern staff member, while through this type of arrangement, your employees will be able to choose from a range of vehicles and customisation options that suit their particular lifestyle. Moreover, since this kind of lease agreement includes associated running costs, especially fuel, maintenance tasks and comprehensive insurance, managing the ongoing expenses that are associated with vehicle ownership in Australia will become even more effortless and straightforward.
- Financial savings
Finally, by providing access to novated leasing solutions, you will be providing a valuable benefit that goes way beyond financial savings and enhanced flexibility, but instead it enhances the sense of reward and appreciation that your staff will feel from management. Similarly, gaining access to a novated leasing solution could potentially increase an employee’s satisfaction levels by making it easier for them to drive a make and model of car they enjoy and feel proud of, which may not have been feasible through the use of traditional forms of car finance.
- Save on tax
- Flexible and convenient
- Financial savings
To conclude, the use of novated leasing presents an innovative and compelling solution for your staff to own a new car while also enjoying significant tax savings, while through a reduction in taxable income, increased levels of convenience and heightened job satisfaction, this type of leasing option stands out from the rest as a mutually beneficial choice.
