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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CarExpert

JANUARY 19, 2024

Making lease payments before tax is deducted reduces your obligations by $3300 per annum or $16,500 over a five-year lease period. While five years is the period chosen in this example, generally novated lease providers let you opt for periods between one and five years. So, should you consider a novated lease?

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CarExpert

JULY 22, 2024

Treasury figures claim an employer could save up to $9000 in calculated FBT payments on a hypothetical $50,000 EV or PHEV provided to an employee. For the same vehicle, individuals sponsored by their employer for a novated lease (payments made by the employer on the employee’s behalf, pre-tax) can save up to $4700 a year.

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Drive.com

SEPTEMBER 8, 2024

Your key to novated leasing Oly’s goal is simple – to make novated leasing a finance option that’s easy to understand and accessible to millions more Aussies. Plus, your regular lease payment covers not only your car but all your driving expenses too – like rego, insurance, servicing, tyres.

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Davey Auto Sales

JANUARY 22, 2024

On the other hand, if you clear enough off your plate, you may be able to afford the lease payments and keep the vehicle. Leasing with a recent or unresolved bankruptcy is certainly an uphill battle. You can choose to give the vehicle back, and the remaining debt becomes unsecured and may be discharged.

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Drive.com

OCTOBER 13, 2024

And avoid paying GST on car-related expenses by bundling running costs including charging, insurance, rego and servicing into your one regular lease payment. You could also skip thousands of dollars in upfront GST on the drive-away price of the car. How can Oly help me score an EV?

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Canadian Auto Dealer

OCTOBER 3, 2024

Power’s Automotive Market Metrics for Canada reveals a perfect split between cash and lease payments for new vehicles, when considering the percent of total transactions over the past 12 months — per vehicle type. Company data shows cash and lease payments represented 25% each, while 50% goes to loans.

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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.

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AutoSuccessOnline

FEBRUARY 7, 2024

The CPR for Cars Car Payment Reimbursement Program reimburses the vehicle purchaser or lessee the monthly financial obligation (monthly car loan or lease payment) when a covered vehicle is out of their care, custody or control. VinTraxx will operate as a sales and distribution channel partner.

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Drive.com

MAY 28, 2024

You can’t claim running costs for a car you use under a salary sacrifice or novated lease arrangement,” the ATO spokesperson told Drive. Businesses can claim numerous car-related expenses such as fuel/oil, maintenance and servicing, loan interests, lease payments, insurance coverage, registration and depreciation.

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Automotive Mastermind

JANUARY 26, 2024

According to analysis from S&P Global and Transunion, leasing is predicted to recover alongside inventory normalization, price stability and declining interest rates. Today, lease payments are on par with what finance payments were a few years ago, leading to a trend where consumers favor longer-term financing for new vehicle purchases.

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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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