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Motability takes £565 million blow as costs soar

Autocar

Motability Operations, the company behind the Motability charity, buys cars and leases them to people with a qualifying disability allowance for 75.75 The package includes road tax, servicing, insurance, breakdown cover, and tyre and windscreen repair. billion in 2023 to 6.9bn last year. Currently, this is set at 750.

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How you can save by getting an EV on a novated lease

CarExpert

Not only that, but novated lease payments include running costs such as insurance, servicing, fuelling or charging, tyres, and registration. Novated leasing usually reduces your tax obligations, but it’s considered a fringe benefit. Weekly payment (incl. There are a few more things to know about novated leasing.

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Can you claim car insurance on tax?

Drive.com

If you’re thinking about claiming your car insurance on tax this upcoming end of the financial year, here’s what you need to know. RELATED: Is there a time limit on car insurance claims in Australia? But can you claim your car insurance on tax? Can you claim your car insurance on tax?

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Highnote, Fasten Rewards Launch Consumer Credit Card Rewards Program

AutoSuccessOnline

Leveraging Highnote’s customizable platform, Fasten aims to strengthen the relationship between drivers and dealerships by providing access to an innovative credit card which rewards consumers for auto loan or lease payments while increasing dealership loyalty, engagement and sales velocity.

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Mitsubishi Triton Loses Payload Capacity To Gain More Buyers In Australia

Carscoops

As reported by our colleagues at CarExpert , the novated lease is a three-way agreement between the lease, their employer, and a finance or leasing company. In short, the lease payments are automatically deducted from one’s salary, which is why the employer is involved with the deal.

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What is novated leasing, and how does it work?

CarExpert

This means payments are bundled with running costs such as insurance, servicing, fuelling or charging, tyres, and registration. It also means the costs are part of your salary sacrificed payments, boosting the tax benefit. A single payment at predictable intervals, with no surprise rego or insurance bills.

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How a novated lease could put cash back into your pocket

Drive.com

That’s a novated lease, and it has become a popular choice for many Australians looking to drive their dream car. There are currently around 350,000 novated leases in Australia^. Between fuel, registration, insurance, servicing, tyres and other bills, keeping your car on the road can be a lot to manage separately.