When Is the Best Time to Get a Novated Lease?

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When Is the Best Time to Get a Novated Lease?

Posted on by carbroker

If you’re keen to get yourself a novated lease through your workplace, and it’s available to you, then you’ve got to think about the best time to secure one before you start jumping for joy.

Novated leases can be undertaken at any time of the year – you don’t need to wait around for Santa Claus or the Easter Bunny to deliver one on a platter for you. But some times of the year may be more convenient than others. Let’s take a look at the best time to get a novated lease.

Novated leases: explained

A novated lease is when your employer agrees to lease a car on behalf of you, with the repayments coming out of your pocket. The great thing about a novated lease is that the repayments come from your pre-tax salary, allowing you to see a big benefit in the reduction of your payable tax at the end of the financial year.

End of Financial Year

The end of the financial year (EOFY) is one of the best times to start thinking about a novated lease. For a start, you’ll be doing your tax return and be thinking about ways to reduce your taxable income for the new financial year. When you agree on a novated lease in the month of July, at the beginning of a new financial year, you’ll make the most of a full tax year when it comes to doing your taxes in June the following year.

The main benefit of this is that you’ll be able to see exactly how much taxable income you’ve reduced, which is a super satisfying thing to experience.

There’s no time like the present

If your employer has agreed to a novated lease and you’ve got the green light, then there may not be any point in waiting around for the end of financial year. If you’re wanting to get your hands on a new set wheels quick smart, then we encourage you all the way… but talk to the guys at Carbroker.com.au first!

Carbroker.com.au are Australia’s leading team of car brokers and have been since 2003. They’re not salespeople: they’re brokers. They work for you when you’re sussing out a great novated lease, helping you find the best possible deal on the make and model you’re after. With over 2,000 car dealerships across Australia in their database, Carbroker.com.au guarantee that you drive away in the best car possible.

Testimonials

All I wanted was to buy a car with no hassle and at a decent price. I was very happy with your service and I will use you again in the future. I guess that says it all, doesn't it?

A.M., Brisbane

WOW FACTOR!! For the sevice provided, the lovely people that are always a pleasure to deal with and the easy delivery of the new car that I requested - I am an extremely happy customer. I was lucky to stumble across the Carbroker.com.au website and have told friends and family that there is no better way to buy. Chris - thanks for doing a great deal for me in the purchase of the Toyota - saved me thousands of $$$ and found me a beautiful new car. Fantastic website & a lovely person to do business with. Cheers!!

C.S., Rye

I’d just like to comment on how smooth it was to purchase my car using your service. The finance broker you put me on to helped the hip pocket as much as the price you were able to secure for me. Thank you so much for making a major purchase easy, smooth and without buyer’s remorse. I will be looking you up when it comes time to replace our other car and I will continue to recommend you to all my family and friends

M.P., Melbourne

This is the very first time that I have ever bought anything via the internet, or ever done any business over this means, and so I want to specially thank you for honouring my trust. Yet you also did much more than that, you got me a far bigger saving, (over twice that which I imagined possible), with a good and reputable dealer, delivered at our nominated timing, and you displayed great patience with myself through the process. This is my wife's very first new car and she is absolutely delighted with it. So much so, that she has not even allowed me to have a drive of it yet. And so I guess we have all been winners, haven't we? And what could be better than that?

K.S., Brisbane

Thank you again. I could not have asked for better service. Having been faced with unhelpful dealers it was just so easy to place a Internet request on Thursday and to be in a new car Monday afternoon, it was more than I could have asked for. I would definitely recommend the services that you provide, without hesitation.

P.H., Canberra

I was pleasantly surprised when I saw the discounts of RRP that the dealer was putting down, more than made up for the cost of the fog lights and the paint protection which I optioned in! I signed the dotted line and bought my first brand new Hyundai. I will take delivery less than a week after signing, which I find quite impressive.

S.B., Sydney

Thanks to Chris and the guys at Carbroker.com.au we took delivery of a top of the range model for the same price as a dealer had quoted for the base model. No haggling, no hassles, no hesitation in recommending this service.

M.F., Perth

Picking up car on Friday. Saved >$3000. Thanks for everything. Would recommend process highly. Thanks!

H.M., Brisbane

I took delivery of the new car today. Until it actually happened I had a concern at the back of my mind that it was too good to be true to get the car at the price you obtained for me, with no catches. The dealer rep has been great and I have had no sense of getting cut price service to go with the low price. So, thank you. I am sold and based on my experience I am sure your business will continue to grow simply by word of mouth....mine will be among the loudest.

P.B., Sydney

All went well with the sale - your dealer was helpful, friendly and arranged the tray with no fuss or fanfare. The whole process has been totally painless and I will (and have been) recommend your service to everyone.

R.H., Mitcham

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