The new financial year has begun, bringing with it an opportunity to rethink how you manage your budget. If you’ve been wondering how to pay less tax and cut the cost of driving, a novated lease could be the solution you’ve been looking for.
A novated lease is more than just car finance. It’s a smarter way to drive that combines tax savings, GST benefits, and convenience all in one package. Here’s why starting a novated lease now maximise your tax savings over the next 12 months.
How to Pay Less Tax With a Novated Lease
A novated lease is a three-way agreement between you, your employer, and a finance company like Easi. Your employer makes the lease payments on your behalf by deducting them from your pre-tax salary. This means you’re using income that hasn’t yet been taxed to cover your vehicle expenses.
The result? Your taxable income is reduced, and so is the amount of income tax you pay.
Tax and GST savings you can unlock:
Reduced taxable income – pay less tax on your salary.
No GST on your vehicle purchase price – your employer can claim this back, saving you 10% instantly.
No GST on running costs – fuel, servicing, registration and insurance are all GST-free in a fully maintained lease.
Fringe Benefits Tax (FBT) exemptions for EVs – if you choose an eligible electric car, the savings are even greater thanks to incredible government incentives.
These benefits add up over the years of your lease, often saving you thousands compared to a traditional car loan.
What’s Included in a Novated Lease?
One of the biggest advantages of novated leasing is that it can cover all your vehicle expenses in a single payment. With Easi, you can enjoy:
Car finance repayments
Registration and CTP
Comprehensive insurance
Fuel or EV charging
Servicing, maintenance and tyres
Roadside assistance
Everything is bundled together and deducted from your salary, helping you manage your budget with ease.
Find out how much you can save with a novated lease
Why Start at the Beginning of the Tax Year?
Timing is everything. By starting your novated lease at the beginning of the financial year, you’ll spread your tax savings evenly over the next 12 months and enjoy the full benefits sooner.
Here’s why now is the ideal time to act:
Maximise pre-tax savings over the whole year
Lock in your budget and avoid surprise costs
Beat end-of-financial-year stock shortages and delivery delays
Why Choose Easi for Your Novated Lease?
At Easi, we make novated leasing simple and stress-free, helping you pay less tax and save more every step of the way.
Best Price Guarantee – we’ll beat any competitor’s quote.
Fleet discounts and GST savings passed directly to you.
Fully maintained lease options for a true worry-free experience.
Dedicated Australian-based customer support.
Our experts will guide you through the entire process, from selecting the right car to understanding your tax benefits.
Start the Year With Smarter Savings
If you’ve been wondering how to pay less tax and make your salary work harder, a novated lease could be your answer. The earlier you start this financial year, the more you can save.
Ready to explore your options? Contact us today and see how a novated lease can transform the way you drive.
