People on lower incomes can still benefit from novated leasing. Salary packaging a car could put you behind the wheel of a car that you may not otherwise have been able to afford – for example, someone earning $60,000 annually could save more than $2,300* per year through the potential tax benefits of novated leasing. There’s also the budgeting convenience of having all your running costs bundled into one regular payroll deduction.
*This is calculated based on the assumptions of the individual earning an annual salary of $60,000 per annum, packaging a mid-sized car valued at $40,000, with an estimated annual travel distance of 20,000 km on a 5 year lease plan. Individual circumstances may vary. Contact us to discuss what you can package given your individual circumstances.