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Novated leasing in Melbourne has become an increasingly popular choice for professionals seeking a cost-effective and convenient way to own a car. Novated leasing offers many financial and practical benefits, making it a standout option for Melbourne’s diverse workforce. 

 

Why Choose Novated Leasing in Melbourne? 

  1. Tax Efficiency: Payments made under a novated lease are deducted from your pre-tax salary, which can lower your taxable income and result in considerable tax savings. This aspect is particularly appealing in a high-cost city like Melbourne, where finding ways to maximise revenue is crucial. 
  2. Budget-Friendly: Novated leasing simplifies the management of car-related expenses by bundling them into one regular payment. This includes the lease payments and running costs like fuel, maintenance, and insurance. For Melbourne’s busy professionals, this can relieve the stress of budget management and ensure more predictable financial planning. 
  3. Flexibility and Convenience: The flexibility of choosing your vehicle and the convenience of having most vehicle-related expenses handled through the lease are unmatched. Whether commuting to the CBD or exploring Victoria’s scenic routes, novated leasing in Melbourne provides a hassle-free solution to car ownership. 
  4. Wide Acceptance: With Melbourne’s robust economy and diverse industries, many employers offer novated leasing as part of their employment packages. This widespread acceptance makes it easy for employees to take advantage of the benefits of novated leasing. 
  5. Support from Local Experts: Melbourne boasts a vibrant network of novated leasing experts and providers who can offer tailored advice based on your needs and circumstances. Their expertise ensures that you can confidently navigate the complexities of novated leasing and make the most of this financing option. 

 

Whether you’re a seasoned professional or just starting your career in this dynamic city, exploring novated leasing options by Fingo could be the smart financial move you’ve been looking for

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If unsure, the average is 20,000 KMs.
If unsure, the average is 3 years.
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Car Lease in Melbourne

Choosing to forgo a car lease in Melbourne and opting for alternative car ownership or usage methods in one of Australia’s largest cities can present several significant challenges. Here’s a look at what you might face without the structured convenience and financial benefits of a car lease: 

 

  1. Higher Upfront Costs: 
    • Buying a car outright or securing a traditional car loan typically requires a substantial initial investment or down payment. Without a car lease in Melbourne, you may face these steep upfront costs, which can be a significant financial burden, especially for those managing other life expenses in an urban setting. 
  2. Depreciation Losses: 
    • When you own a car, you’re fully exposed to its depreciation. Over time, the vehicle loses value, and this depreciation is an unrecoverable cost that doesn’t affect lessees directly. In a leasing scenario, the financial impact of depreciation is generally factored into the lease payments and can be more manageable. 
  3. Maintenance and Repair Costs: 
    • Car owners are solely responsible for maintenance and repair expenses, which vary widely and are unpredictably high. A car lease often includes maintenance packages that spread these costs over time, making budgeting easier and avoiding unexpected financial hits. 
  4. Lack of Flexibility: 
    • Purchasing a vehicle means you’re tied to it until you decide to sell it, often at a loss. In contrast, a car lease offers the flexibility to upgrade or change vehicles at the end of the lease term, allowing you to adapt to changing personal or family needs without the hassle of selling your car. 
  5. Potential for Lower Credit Utilisation: 
    • Financing a car purchase through loans can tie up your credit, potentially affecting your ability to secure other loans or credit lines. Leasing a car generally has a less substantial impact on your credit utilisation ratio, keeping more of your credit options open. 
  6. Missed Tax Advantages: 
    • For many employed in Melbourne, a car lease can offer tax benefits, mainly if the car is used for work-related purposes. These benefits, which can significantly lower the net cost of the vehicle, are not available through most traditional car buying scenarios. 
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Why Choose Fingo’s Car Leasing Solutions?

As the cultural epicenter of Australia, Melbourne demands mobility that mirrors its dynamism. Fingo’s car leasing Melbourne solutions are finely attuned to this city’s rhythm. 

Melbourne-Centric Approach: Fingo takes pride in its intimate knowledge of Melbourne. This insight translates into Novated Leasing Melbourne solutions tailored for the city’s distinctive vibe. 

 

Fiscal Advantages: By integrating potential tax perks and well-defined payment modalities, we ensure our Novated Leasing Melbourne plans champion the financial health of Melbourne’s professionals. 

Car leasing Melbourne: Drive with Fingo, Drive with Confidence

Each Melbourne drive is a narrative in motion. Through Fingo’s Novated Leasing Melbourne solutions, let your story be one of smart financial choices, utmost convenience, and memorable journeys. Immerse in the Melbourne experience, empowered by Fingo’s unparalleled car leasing expertise. 

Get in touch with Fingo today, and let Melbourne’s top car leasing choice redefine your automotive journey.

frequently asked questions

A: Choosing a car lease in Melbourne provides numerous advantages over buying a car outright, especially regarding financial flexibility and convenience. Leasing a car often requires a lower upfront investment than purchasing one, and lease payments can be budgeted to include running costs, which helps avoid unexpected automotive expenses. This is particularly advantageous in a major urban centre like Melbourne, where the cost of living can be high and financial flexibility is crucial.

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compare your quote with multiple dealers

we’ll reach out to our network of dealerships to ascertain whether you really did get quoted the best price or not.

fleet discounts
(even for a single vehicle)

we have exclusive access to better discounts with our national purchasing power from purchasing thousands of vehicles every year.

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see if you’re pre-approved for a novated lease now.

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how we’re different

thanks to our wealth of industry knowledge we are able to offer savings unrivalled by others.

tailored package

we craft a package specifically to your values and needs, so that you can get the most out of our services.

replacement policy

unhappy with your car or looking to upgrade? we'll accommodate your requests and re-negotiate your plan in order to set you up with your ideal vehicle.

fully transparent

we operate with full transparency to ensure you don’t get stuck with hidden fees or taxes.

same-day approval

we want to get you on the road as soon as possible, so you don't want to be held up by unnecessary waiting periods.

flexible service

we strive to be a helping hand from start to finish. if you're struggling to pay off your loans or need to reshape your package, our team can help.
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benefits of a novated lease for employees

  • no gst on the purchase price
  • no deposits or up-front costs
  • save on your vehicle running and maintenance costs
  • save thousands in income tax
  • take your vehicle with you if change jobs
  • just one easy monthly payment for all your vehicle expenses
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benefits of a novated lease for employers

  • cheaper and easier to manage than providing company cars
  • provide a more attractive remuneration package to potential and existing customers
  • no residual risk
  • lower payroll tax and workcover premiums. no surplus vehicles if an employee changes jobs
  • we take care of arranging everything so you can focus on important business matters
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more about novated leasing

am i eligible for a notated lease?

a novated lease is a great way to buy a car and get tax benefits simultaneously.

Five steps to getting a novated lease

novated leases really aren’t complicated. once you know how to apply for a novated lease

How much can I save with a novated lease?

read how a novated lease could save you thousands

what happens at the end of a novated lease?

we outline all you need to know about novated leases and your available options once your lease is up.

Fingo Finance