Employees Can Save Thousands With a Novated Car Lease

If we told you, you could have, on average, the equivalent of an extra $5,000 to $10,000 increase in your salary when you take on a novated lease, would we have your attention? Call us and ask how.
We’ll let you in on the industry’s best-kept tax saving secret…
It’s called novated car leasing. It’s 100% ATO approved, and almost any employed person can do it.
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Typically, only employees of not-for-profits or large organisations have had access to the perks of novated car leasing, but NCLO is changing that – one small business at a time!

Our clients have saved thousands of dollars in tax each year by taking advantage of novated car leases that are now available to employees of small and medium enterprises with a taxable income of $50,000 or more. 

And the good news is if you’ve already purchased your perfect car before discovering the benefits of novated leasing, it’s not too late to save on tax. Novated leasing works with new, used and existing vehicles!

Calculate your savings now

Novated Car Leasing for Employees

Novated car leasing, like salary packaging, is a simple way to make your payslip work harder for you by having a portion of your income deducted from your salary before it’s taxed. This can sometimes reduce your marginal tax bracket and puts more money in your bank account. 

Our fully maintained novated lease package simplifies your budget while saving you money. Everything is calculated to cover the financial needs of your vehicle, including the purchase price and  running costs associated with it, such as car servicing, tyres, registration, and insurance. You’ll even save on fuel!

Did you know you don’t have to pay GST on your vehicle purchase or running costs when you take out a novated car lease?

At first, it may look like you’re bringing less money into your household, but the magic unfolds over the lifetime of your novated car lease. In the long run, you end up with more money in your account than you would have if you chose to buy a car and pay for the fuel and other on-road costs all with your post-tax money.

What you can save with a Novated Car Lease

Over three years, employees who take out novated leases on their private vehicles are saving tax ranging from $12,000 – $16,000 – even more if you are running an electric vehicle (EV). Look at how you could redirect between  $26,000 to $36,000 in tax savings back to your pocket for an EV valued up to approximately $89,322 incl GST!
Calculate your savings now

3 Steps to more money

Find the new or used car you want to lease.
Contact NCLO for a free quote to confirm savings.
We set up your lease with your employer.
Happy motoring with your new savings!

3 Easy Ways to Drive Your Tax Savings With a Novated Lease

At NCLO, we offer a transparent and personalised service to make purchasing your new car a breeze. No need to stress about overbearing salespeople in car yards – our executive fleet managers work on your behalf to secure a vehicle that’s right for you and your budget – and at fleet discount prices!

Already Own a Car?

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Under Finance: As long as the value of your car is not higher than the amount owing on your personal loan, we’ll refinance the remaining debt and arrange a fully maintained novated lease payment plan for you.
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Own Outright: We will introduce you to one of our partner businesses who will pay out your agreed residual payout figure at the end of the lease and find you a buyer for agreed market value. If there is CGT free profit, you get to keep most of it! The secret is not to build up too much equity in these depreciating 'assets', because your equity should be dedicated towards growth assets, like your home mortgage, superannuation, and kids’ education.

Ready to Buy a Car?

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Fleet Options: Utilise NCLO’s team of executive fleet managers and secure the new car of your dreams without hassle.
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Car Yard: Spend some time test-driving cars and shop around for the best price. When you’ve found it, use our calculator to work out the actual cost to your take-home pay (after tax) and after all vehicle costs (including the finance).
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Purchase Second Hand: Found  your dream secondhand vehicle? As long as it’s less than 6 years old, we can help you drive your car, and your tax savings too!
Once your new car is up and running, our leasing partners will help manage your vehicle’s running costs across the whole term of your lease. These figures can be adjusted whenever your circumstances change.

Introduce your employer to the benefits of novated leasing

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Talk to NCLO today about bringing Novated Car Leasing benefits to your place of employment.
Talk to NCLO Today

What happens if you leave your current job with a novated lease?

We understand you might feel hesitant about entering into a novated lease through your employment, especially if you’re considering changing jobs in the future.

But don't worry – the vehicle is in your name, so the novated lease goes with you to your new employer.

If they aren’t already offering novated leasing, we can help them set things up so you can continue enjoying these tax-saving benefits.

Is your Employer Offering Novated Leasing?

If you have a taxable income of $50,000 or more, ask your employer if they offer novated leases as an employee benefit. If they say no, ask them why not! It costs them nothing, they have no liability,  and it puts more money in your pocket… win-win!

Your employer can find everything they need to know in our novated leasing guide for employers. We’ve also answered the top questions we get asked by employers on our FAQ page, so feel free to share this link with them. 

And of course, we can answer any questions they have on a phone or video call. With so much information at their fingertips, we’re sure your employer will realise the power of novated leasing as an employee perk.

Hopefully, we’ll be helping you get your new set of wheels soon!

If you’re unsure how to discuss this incredible tax-saving opportunity with your employer, let the team at NCLO help. We’ll contact your employer on your behalf to discuss the many benefits of incorporating novated car leasing as a salary packaging benefit for their staff. We can even help integrate the system into their existing payroll platform.

Thinking about making the switch to an electronic vehicle?

If you’re not sure how to discuss this incredible tax saving opportunity with your employer, let the team at NCLO help.

We’ll contact your employer on your behalf to discuss the many benefits of incorporating novated car leasing as a salary packaging benefit for their staff, and we can even help integrate the system into their existing payroll platform.

Calculate your savings
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