Entering a novated lease on your vehicle of choice entitles you to claim fuel costs against your taxable income, saving you a heap of dosh come tax time. High fuel prices may be temporary, but driving a hybrid or EV could be a permanent solution, no matter how high the cost of petrol. You won’t have to buy into ridiculously high petrol prices when your car can run on electricity.
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.
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.
Any employer, regardless of size, can provide a novated lease for their employees. As long as you can prove that the employee is one of yours, then you’re all sweet. So, why is offering novated leases something that you should seriously jump on board as an employer?
Novated leases are an awesome way to get a new vehicle. There’s a ton of perks to novated leases, including tax deductible income, saving on vehicle running and maintenance costs and no deposits or up-front costs.
Novated leases and Taxbreak are two things that Fingo specialise in. They help you choose the best option for you, and get you the best car for the best deal. Whether you’re buying, selling, trading or leasing a car, the experts at Fingo can help you out massively.
