News

What to Consider Before Signing a Novated Lease Contract

What to Consider Before Signing a Novated Lease Contract

Vehicle Solutions offers expertise and transparent information on the novated leasing process so that you can start saving money on your new car purchase. Getting a new car with a novated lease is an easy and painless process that can help your wallet and simplify your life. Best of all, almost anyone can have access to this type of financing. All you need is a regular taxable salary.

What is Novated Leasing?

Novated leasing is simply a financing agreement that involves your employer, a leasing company and you. Through your lease, Vehicle solution finances your car purchase. Your employer then handles your payments by deducting them from your pre-tax salary. That way you can save money by increasing disposable income and reducing tax payments.

Learn more about novated leasing and how it can help you save money. Here are a few things to consider before you sign your novated lease contract.

What Should You Consider Before Signing a Novated Lease Contract?

First of all, before starting the novated lease application process, you should find out about your employer’s policies in regards to salary packaging. You should always keep in mind that your employer is an active participant in your novated lease, so learning about their policies on the matter is vital.

Another aspect you should consider is which car to buy. Your car choice has a direct impact on your novated lease agreement. In theory, any vehicle can qualify. You should remember that most employers won’t let you package over 50% of your salary. Make sure that the car you wish to purchase can realistically fit into your salary, without putting a strain on your economy. You should consider whether you want to buy a new or used car as well as which model best fits your preferences and needs.

Before you sign a novated lease contract, you want to make sure that you are getting the best price possible on your new car. At Vehicle Solutions, we help government and private employees score the best prices on their dream cars. We have the tools and resources to get you the lowest possible price on your next car purchase and are ready to help. By trusting Vehicle Solutions with your car purchase, you can reduce the size of your lease payments by making a smart purchase.

Understand Your Novated Lease Before Signing a Contract

At Vehicle Solutions, we are firm believers in honesty and transparency. We want you to have all the information necessary to understand your lease and how it works. It is why we are always ready to help and offer our customers one-on-one personal assistance. We have all the answers you need and plenty of reference tools to make the novated leasing process simpler.

With our novated lease calculator you can get a clear picture of how your payments and savings will look like, right down to the cents. In our website, you can find many more resources and articles to bring clarity to your doubts and questions. Plus, our friendly team is always just a phone call away. If you are ready to move forward with your novated lease, contact Vehicle Solutions today.