Blog Articles

How to get in to an Electric car with a Novated Lease?

When you enter into a novated lease you can save money in three main areas:

  • GST is not paid on the cost of the car, the lease repayments will be GST free.
  • Lease expenses are 'salary sacrificed', meaning they are deductible against your pre-tax income and reduce your income tax payable.
  • Residual balloon payment - at the end of the lease, if you sell your car to fund the balloon payment, you keep any upside.