A common way to acquire a car is through a novated lease; it is usually practiced by employees who do not have the full financial capacity to acquire a car. A novated lease is a financial arrangement where you can use your money from your pre-tax salary to pay for your car. This agreement involves you, a lending company, and your employer.
The novated leasing arrangement is an efficient way to purchase a car while paying less income tax and saving the GST on running costs. It is a straightforward setup that allows you to purchase your car efficiently without burning your wallet.
A novated lease agreement can become inconvenient when you do not partner with the correct finance company. SG Fleet AUS is a finance company based in Australia, and it is a concerned company that will simplify the novated lease process for you. The type of vehicles covered by SG Fleet AUS in a novated lease are the following:
- Petrol/Diesel Vehicles
- Hybrid Electric
- Luxury Electric Vehicles
As a finance company, SG Fleet AUS is more concerned about providing clients with the kind of vehicle that they want while maximising cost.
The main benefits of a novated lease are savings and better financial standing. The specific cost benefits of this transaction with SG Fleet AUS are income tax savings, GST savings, car cost and maintenance savings, and online account management.
Income Tax Savings
As previously indicated, a novated lease is acquired from your pre-tax income; thus, your taxable income is lower, resulting in a lower income tax. This will increase the money you will receive.
GST Savings
When purchasing your car through a novated lease, the goods and services tax will not apply, thus reducing the amount you pay for the vehicle. Additionally, you can save on your car’s running expenses.
Car Cost and Maintenance Savings
As an established company, SG Fleet AUS has buying power that individuals or other parties do not have. One of the benefits of partnering with this company is that your car choice is limitless since they will source the car that you want at the most efficient cost.
Part of the novation lease package is ensuring that your vehicle is well maintained and that any repairs are done seamlessly. SG Fleet AUS will assist you in keeping your vehicle to avoid overcharging and over-servicing. Through this assistance, you can lower your maintenance cost while ensuring top-tier car maintenance service.
Online Account Management
If you are worried about your lease’s current financial standing, SG Fleet AUS has an online portal that allows partners to log in and check their expenses and transactions. You can see your standing, ensuring no hidden charges are added to your account. Through this portal, you will also be able to check reports and receipts, showing where you are financially and easing your mind about hidden charges.
A novated lease agreement is a safe and secured agreement when you partner with a finance company that aims to help you realise your dreams. Trust SG Fleet AUS to help you get your dream car. Book a consultation with a Novation Leasing specialist!