Novated leasing, the Electric Loans Australia way
Novated leasing is a financial arrangement that leverages salary packaging benefits, allowing employees to finance a new or used car in a tax-effective way. By structuring your car costs as part of your salary package, you can significantly reduce your taxable income while enjoying the convenience of affordable car ownership.
With a novated lease, your car payments are deducted directly from your pre-tax salary, with approval from your employer. This not only streamlines the process but also helps you save on taxes. We’ll handle all the setup, including coordinating the deductions from your pay, so you can enjoy a hassle-free experience every step of the way.