This is because of the significant tax advantages that come with a novated lease compared to buying a car with cash or getting a standard car loan.
Novated car lease Adelaide
How it works
If you’re looking for a new or used car in Adelaide, a novated car lease could save you thousands of dollars on the cost of your vehicle and the ongoing running expenses.
Novated leasing a car means you acquire the vehicle through a lease provider and pay for it through regular salary deductions made by your employer.
Here’s how a novated lease can be a big money saver for motorists in Adelaide:
You get a GST discount on the vehicle purchase price (up to $6,334 in FY 2024-25).
You enjoy significant income tax savings by salary sacrificing your car through lease payments deducted from your pre-tax salary.
You can package your regular vehicle running costs (with a GST saving) into your lease payments for extra income tax savings.
If you drive an electric vehicle there are major extra savings thanks to a fringe benefits tax exemption on eligible low- and zero-emission vehicles.
How we can help with your novated lease in Adelaide
Based on our experience working with local employers in Adelaide and across SA, we can help set up tour novated lease efficiently, while maximising your savings.
We can also help you find a great deal on a new or used car lease in Adelaide, through our network of local car dealership partners. This can make a big difference when wait times for bringing new vehicles into South Australia are particularly long for certain models.
We’ll also help you understand which cars will maximise your savings based on the government incentives available in SA.