Why a Novated Lease Is the Easiest Way to Own a Car

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Why a Novated Lease Is the Easiest Way to Own a Car

Posted on by carbroker

Owning a car is great, but even we’ll admit that outright ownership can come with a few headaches. First of all, the large upfront cost. It’s a big commitment spending that much money on a car, so you’ve got to be prepared for it. Second of all, if you feel like you’re going to want to upgrade in a couple of years’ time, the process of trading in is likely to cost you more than if you had a fantastic novated lease, in which you can easily upgrade by signing a new lease with a later model.

Novated leases are certainly one of the easiest ways to own a car – you just pay your monthly repayments and drive til your heart’s content… or until you get to your destination. Here are some of the reasons why if you want an easy option of ‘owning’ a vehicle, then a novated lease might be the go.

But first, what is a novated lease?

Yes, we’re glad you asked us that. 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 the tax savings at each of your pay cycle.

Monthly payments and running costs come from your pre-tax salary

We’ll say it again: monthly payments and all associated running costs can come from your pre-tax salary. How good is that? This is one of the most attractive things about a novated lease. No matter what tax bracket you’re in, you’ll be able to reduce your payable tax and drive around in a great car. It doesn’t get much easier than that.

Upgrading to a new model is easy

Let’s say your lease is coming to an end and you don’t want to be stuck with the older model of vehicle which you’re currently driving. You can simply swap your current model for a new one (because you’ve already paid for the depreciation of the vehicle through your monthly payments) and continue making your monthly payments. Simples.

Buying the car is also easy

Let’s say you’ve fallen in love with the reliable chariot you’ve been leasing all this time. Love is a powerful thing; not a feeling to be ignored. You can simply purchase the vehicle by paying or refinance the balloon payment at the end of the lease. Then, it’s yours to keep!

See why novated leases are so easy? If you’re thinking about entering a novated lease with your employer, talk to the team at Carbroker.com.au. They use their network of 2,000+ dealerships to compare deals and find you the best one, so that you’re always winning! Get in touch with Carbroker today.

Testimonials

Negotiating a deal with a professional car salesman is tough and time-consuming, especially if you don't have a lot of local experience. Having someone act on your behalf creates an advantage that can't be ignored, and I have to say the $4,900 saving that I achieved off a $43,300 vehicle via Carbroker.com.au is definitely worth the minimal cost of registering an interest at the Carbroker.com.au web site. Thanks to Chris Wilson for this much-appreciated service.

C.P., Sydney

Thankyou very much Carbroker.com.au for helping us to buy our new car. We are very happy with the process of buying a car through Carbroker.com.au. We usually have big arguments over haggling so it was a great relief to get CarBroker to do all the hard work to relieve the stress on us and our marriage. And we still got a great price!

N&M, Sydney

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

I know what you mean when you say 'buyer's remorse'. I've had it each time I bought a new car except this time. It's a great feeling to a) get a great price b) avoid the huge stress. Seeing things from 'the other side' has made me a convert: This is the way to buy a car! Thanks for a great business.

M.W., Perth

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.

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Fast replies, great service and most importantly, extraordinary prices. Anyone buying a new car not using this service is not fair dinkum about getting the best price and probably paying too much. The service saved me thousands. Will definitely be using it again when next buying a new car and have been telling all my friends about it. Keep up the good work.

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I am impressed by your professional approach with your customers. Therefore, I have already recommended your service to my collegues, friends. I would again use your service in the future when I buy the next car for my wife. I will continue support you and your dealers in the future as you all are doing wonderful jobs!

L.I.I., Brisbane

Just a note to say a HUGE THANK-YOU for your services. You were very prompt in replying, and saved us $3000 on the purchase of our new car (almost 10% on the total cost of the car). With a young family, that's a huge saving for us. Thank-you again.

K.S., Brisbane

Just a brief note to say thanks for your outstanding service. You managed to find a dealer who was prepared to reduce the purchase by some $6750 inclusive of all costs and then you went further by haggling for a better trade in for me giving me a change over cost of exactly $13500 less... THAT I CALL SERVICE...I shall certainly be singing your praises.

K.B., Sydney

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

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