Drive.com

SEPTEMBER 8, 2024

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.

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Carscoops

AUGUST 8, 2024

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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Your Car Buying Advocate

FEBRUARY 21, 2024

But first let’s discuss the tax benefits of leasing a car vs buying a car as a business owner. We typically never recommend putting a large amount of money down for a lease (especially if this is a business vehicle). Keep your cash.

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Car Examer

SEPTEMBER 17, 2024

Hire purchase : A popular loan scheme wherein a buyer makes monthly payments to the car and eventually owns it at the end of the term upon full payment. Novated lease : A three-way agreement between you, your employer, and a financier, where lease payments are made from your pre-tax income.

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Drive.com

MAY 28, 2024

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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CarExpert

JANUARY 19, 2024

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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