Novated Lease Case Study 3
Jo has just started her first nursing role out of University and is keen to get a new reliable vehicle. She has chosen a new VW Polo for $15,990 and travels only 10,000kms per year. Jo’s current salary is $45,000 per year.
Results – The new vehicle will cost Jo $97 per week including his finance, fuel, tyres, insurance, registration and all services. Jo will save $1,118 in income Tax and $259 in GST giving her a tax saving of $1,377 per year or $6,885 over the lease term.
A 30 second quote could save you thousands.