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 Perth
How it works
For drivers in Perth and wider WA, a novated car lease means you can save thousands of dollars on the cost of your vehicle and your ongoing running expenses.
A novated lease means you acquire a new or used vehicle through a lease provider and pay for it through regular salary deductions made by your employer.
Here’s how a novated lease can save Perth motorists:
You get a GST discount on the vehicle purchase price (up to $6,334 in the 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 Perth
Our Perth-based team of novated lease consultants work with local employers across WA on establishing lease agreements for employees.
They can also help you find a great deal on a new or used car lease in Perth, through our network of local car dealership partners. This can make a big difference when wait times for bringing new vehicles into Perth 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 WA.