Embarking on the novated leasing journey is a significant step towards enhanced mobility and financial flexibility. Before you begin, it’s essential to determine if you meet the eligibility criteria. At Fingo, we’ve laid out clear guidelines to help you understand whether novated leasing is the right fit for you. Connect with us to find out more about novated lease for self-employed.
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Can Self-Employed Do a Novated Lease?
Being your own boss has its merits, and with Fingo, it also means potential access to novated leasing:
- Business Structure Matters: Self-employed individuals operating under a company or trust structure can typically engage in a novated lease.
- Income Consistency: Regular and verifiable income is a crucial determinant. Ensure you have consistent financial records to boost your eligibility.
Can Sole Traders Do a Novated Lease?
Sole traders often question their position regarding novated leasing. Here’s what you need to know about novated lease for sole traders.
- Generally Ineligible: Traditional novated leasing is usually not available for sole traders. However, other car finance options might be more fitting.
- Alternative Solutions: Fingo offers a range of alternative vehicle finance solutions tailored for sole traders. We’re here to guide you to the best fit.
Novated Lease for Tradies
Tradies form the backbone of many essential services. If you’re a tradie keen on novated leasing, consider the following:
- Business Structure: If you’re a tradie operating under a company or trust, novated leasing can be an option.
- Diverse Vehicle Options: With Fingo, tradies can explore a wide range of vehicles, from Utes to vans, to best suit their professional needs.
Can Contractors do a Novated Lease
Want to find out about novated lease for contractors?
Contract work is becoming increasingly common, and we at Fingo recognise the unique position contractors hold:
- Contract Duration: Longer-term contracts can enhance your eligibility. A stable, longer-term contract portrays financial stability.
- Verifiable Income: Like other categories, consistent and verifiable income plays a pivotal role in determining eligibility.
At Fingo, we’re dedicated to guiding you through the novated leasing process, ensuring clarity at every step. If you find yourself unsure about your eligibility, our team is here to assist and present the best vehicle finance options tailored to your individual circumstances.
save thousands on your novated lease
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.
get an obligation-free quote
see if you’re pre-approved for a novated lease now.
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.
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
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
