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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.