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Am I Eligible for a Novated Lease

A novated lease is a great way to buy a car and get tax benefits simultaneously. It's an innovative concept, unique to Australia, which draws together you–the soon-to-be car owner–your employer, and the financial service provider, to help you buy a car. The process is simple, and the tax benefits make getting a novated lease more appealing.

Now all you need to do before you take the leap and apply is figure out whether you are eligible for a novated lease. You'll be glad to know that novated leases have been designed to ensure that just about everyone is eligible for one.

Do I Qualify for a Novated Lease?

There are four simple prerequisites which need to be met if you are to take out a novated lease on a car. These requirements are simple, making it more straightforward for you to get a tax break when buying a car.

These are the prerequisites for a novated lease:

Myths About Novated Lease Eligibility

There really are so few prerequisites to getting a novated lease, you would be forgiven for thinking there's a catch. Here are a few myths about novated lease eligibility which you may have believed to be true:

If you are considering applying for a novated lease, get in touch with us. The Fingo team is happy to answer your questions and help you get a novated lease.