Summer is in the air, and few things say summer like kicking back in the sun with a lime-splashed drink and a fresh taco.
Amidst our daydreaming, we came to realise our favourite Mexican snacks offer a good analogy for understanding the benefits of novated leasing. Read on to discover how you can get savvy about your motoring expenses this silly season.
A neat bundle – the burrito
The word burrito means ‘little donkey’ in Spanish; it’s thought to have been applied to the dish because, like a donkey, it carries a lot of different things.
Along the same track, with a novated lease all your car expenses are bundled into one set regular payment. This is deducted from your salary, so you won’t even have to think about it. By having your various expenses rolled up into one predictable amount, budgeting for your cost of motoring becomes a breeze.
Income tax savings – the meat/beans
This is the protein. It may not be as exciting as some of the other toppings, but it’s essential.
With a novated lease, you use your car expenses to drive down your income tax by paying part of them from pre-tax dollars, reducing your taxable income and making significant savings. Your dedicated consultant will show you how it works.
Car price savings – the guac
Ahhh, avocado… precious yet unpredictable. So tricky to tell a good one from a bad one.
For most Australians, it can be a similar situation when negotiating a deal on a new car – how to tell a good price from a great price? (There’s often a big difference.)
Because we’re buying cars every day, we know where the market is positioned, and what represents a great deal. When you buy a new car through us, you get access to our fleet buying discounts. Plus, you’ll save the GST on the purchase price of the car.
Already avo-car you like? You have the option to novate the car you currently own and enjoy the other benefits of novating. You may also be able to novate a used car.
Fuel & running cost savings – the double-dip
Double-dipping is frowned on at parties, but with a novated lease, it’s part and parcel.
Here’s how it works. With a novated lease, you save the GST on your car’s running costs, meaning you’re paying 10% less for fuel and other car expenses than the person next to you.
Next, double-dip on fuel savings by accessing pre-negotiated price discounts and earning rewards in addition to your GST savings.
Smarter servicing & repairs – the chili
A hot, spicy chili sauce is a must, but you don’t want it applied too liberally.
We feel the same way when it comes to servicing/repairs. Since over-servicing and over-charging can be hard for the average Joe to spot, our team of qualified mechanics ensure quality of work and provide access to fleet discounts on parts and labour.