Explore your vehicle options and learn more about the potential benefits of Novated Leasing.
What is Novated Leasing?
A novated lease is a finance option that has potential tax benefits. In a novated lease, you bundle together the finance and budgeted running costs of your car into one simple payment that comes out of your salary each pay period.
Eligible vehicle expenses can be paid using a combination of pre-tax and post-tax salary deductions. Depending on your circumstances, a Novated Lease could provide attractive tax benefits and budgeting convenience.
How does a novated lease work?
A novated lease is an arrangement between you, your employer and a novated leasing provider, like Easi. You choose a vehicle you love and pay for the car and its running costs through salary packaging arrangements. Your employer's role is generally limited to facilitating the agreed salary deductions and payments.
Choose the car that suits your needs and an easi lease package to cover the expenses.
We’ll help secure the car, set up the lease and manage all the paperwork between you and your employer.
Your employer pays money from your salary into your leasing account to match the package you’ve chosen.
Items you can salary package
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We provide access to a wide range of vehicle options and fleet purchasing arrangements.
Costs shown are estimates based on salary packaging a vehicle under a novated lease over five years, driving 15,000km per year, an annual income of $90,000, and a vehicle located in ACT. These may vary depending on individual circumstances, vehicle selection, usage, and market conditions. Weekly costs shown represent the estimated net impact on after-tax salary. Costs shown for vehicle-specific offers are based on the entry-level variant of the advertised model unless otherwise stated. Images are for illustrative purposes only. Before making a decision you should consult your independent legal, taxation and financial advisor for advice relating to your personal circumstances. Finance is available to approved applicants only. Terms, conditions, eligibility criteria and fees and charges apply.
Simplify your life, streamline your finances
Imagine driving the car of your dreams without the usual headaches like rego renewal popping up just before your birthday? Easi helps you streamline your budgeting and access potential tax benefits on eligible vehicle expenses.
Easi helps you find the car of your choice, setup your lease package and enjoy stress free motoring during your lease with our award-winning customer service team on standby.
Learn more about the potential benefits available through Novated Leasing.
Don't just take our word for it, hear from our loyal customers!
To put it simply, a novated lease is a type of car lease in which you are allowed to make vehicle payments using a combination of pre-tax and post-tax salary deductions, potentially providing tax benefits. It’s a three-way agreement between you, your employer, and a finance company.
This allows the car to be treated like a company car which could provide income tax and GST benefits. To maintain the lease, your payroll team will deduct the regular payment from your salary and then remit this amount to Easi to pay for the car and it’s running cost budgets.
A novated lease typically lasts between 12 to 60 months, after which you can either trade the vehicle in for a new one, refinance and keep it, or buy out the remaining total cost. The most popular lease term is 48 months. It will depend largely on your personal circumstances on how long you’ll want your lease payments to last on your new car.
More and more workers are using salary packaging for novated leasing due to the tax benefits – here is a list of some of the best benefits they provide:
- Save on tax through pre-and-post-tax salary deductions.
- Forget about keeping receipts or logbooks.
- Budget easily with your car expenses and running costs covered in one monthly payment.
- Enjoy the convenience of cashless motoring.
- Choose the new car you want to drive at a great price.
- At the end of the lease, take advantage of any surplus between the market value and the residual value of your vehicle (plus GST – conditions apply).
In a novated lease, repayments are made from pre-tax salary dollars resulting in a significant tax saving over the life of the lease. GST does not apply to the purchase cost or ongoing expenses plus discounted fleet pricing applies to all associated costs, saving you thousands.
An Easi novated lease allows you to buy any vehicle at GST-free prices and Easi’s extensive buying power and financial services enable us to source vehicles at heavily discounted fleet prices. Use these advantages to assess whether this is an affordable option for you and how much you could save on cars.
We have a team of experts on hand to make setting up your novated lease easy. Start by choosing the car you want and making sure your employer is on board (we can help with this). Then decide on a term that suits you – anywhere from 12 to 60 months is a typical arrangement.
We will set up a three-way novated lease arrangement between Easi, you, and your employer. Then you can simply enjoy the benefits while the business you work for takes care of the payments through salary deductions.
Yes, we have budget-friendly electric vehicles, and plug-in hybrid vehicles included in our calculator. Simply enter the vehicle details to calculate the fee estimate. Buying an electric car can be a secure way to save on running costs like fuel so don’t forget to factor these fuel savings into your final decision
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