One of the most beautiful things about getting a novated lease is that you can claim all expenses against your taxable income so that, at the end of the financial year, you’ll pay less tax. And what’s one of the main expenses of running a car? You guessed it. Petrol. There are plenty of ways of keeping track of your fuel spending when you’re on a novated lease.
Since Russia’s invasion of Ukraine, Australia and the rest of the world have imposed heavy sanctions on Russia’s exports, including oil. In other words, we stopped buying cheaper oil from the world’s second-largest oil producer, Russia. This means we’ve had to source our oil elsewhere, driving up the price by a mile.
If you own a small business and want to invest in fleet management, we’ve got some great news: you can! It doesn’t matter whether you’re a team of 50, or an individual, fleet management should be available to you. Before we continue, let’s explain fleet management in a nutshell.
Dealers are expertly trained in picking apart cars and pointing out what’s ‘wrong’ with them. With some cars, they’ll genuinely need a bit of work before they can be resold, but most of the time, the dealer is just trying to screw you down on price. Always get a second opinion from an expert – someone who’s in your corner!
You can actually service your own car at whichever mechanic you like. All you have to do is let your novated lease provider where you’re taking your car for a service, and let your mechanic know that your car is on a novated lease, and it’s incredibly easy to tee up from there.
Safety is the most important part of upgrading to a new car. Think about how far we’ve come in terms of safety: from the days when we didn’t even have seatbelts, to now when we’ve got automatic brake technology for obstructing objects. If nobody upgraded their vehicles from back in the 50s, we wouldn’t have the amazing safety technology that we enjoy today.
