The secret to Calculate a Novated Lease is to get accurate meaningful data and information prior to doing the basic tax calculation. The figures you will need include car price, annual salary, Km’s travelled each year, lease term and comprehensive insurance figure. Each of these items requires it’s own calculations; The vehicle drive away price… Read more
The answer to this depends on who you work for. To explain this how this effects an employee you need to understand the differences between the effects on a private sector employer and a government employer. Private Sector Employer For employees in private sector employment the simple answer is no. A Novated Lease works by… Read more
Employers across Australia including all Federal, State and Local government agencies provide their employees with the benefit of doing a Novated Lease on a car. Even the ATO (Australia Taxation Office) have a significant number of employees doing Novated Leases. The reasons for this are simple; you save thousands a year in tax and the… Read more
Loan or Lease? A True Comparison Many of our clients want to compare the differences between a normal car loan or attached to a home loan with and a novated lease. We hope this article assists in this comparison. If you have any questions regarding this comparison please feel free to call us on 1300… Read more
What is a Novated Lease? To drive a car you need to pay for fuel, tyres, servicing, registration and insurance. A Novated Lease simply lets you pay these expenses before tax. How does it work? A Novated Lease is simply an arrangement between a leasing company, an employer and an employee. The Novated lease allows an… Read more
Vehicle Solutions Australia – “Self Managed” Novated Lease option For SA Government Employees Vehicle Solutions Australia have provided a competitive option to SA Government through a Self Managed Novated Leases for over 7 years. An SA Government Self Managed Novated Lease has been establish by SA Government to ensure there is a competitive mechanism in… Read more
SA Employees choose our competitive Novated Lease. We have just had our biggest month on record. Thank you to all SA Government employees who chose our competitive Novated Lease. Why is competition Important? It’s simple; We get our clients the cheapest new car price via our sister company MotorBuys. www.motorbuys.com.au. We provide a competitive lease payment…. Read more
The best new car price will reduce your lease payment! Use Motorbuys to get the best new car price possible on the new car. Our Motorbuys system just save our client $7025 off the new car price! The best new car price will reduce your lease payment. By using our car buying system Motorbuys, our… Read more
Do I Pay GST on a Novated Lease Car? The simple answer is NO ! By Australian Tax law the leasing company must pay the dealership the GST included in the purchase. However the leasing company is then free to claim 100% of the GST payment from the ATO. So the amount you finance for… Read more
SA Government Car Salary Packaging Choice Did you know all SA Government Employees still have a choice of where they lease their Salary Packaged car? Vehicle Solutions provides hundreds of SA government employees with Novated Leasing. FACT: SA Government through the “Self Managed” novated lease have provided you with competitive choices. The “Self Managed” lease… Read more