1300 554 553

1300 554 553

info@platinumdirectfinance.com.au

Novated Lease Calculator

Receive an instant quote on this page at 6.5% across 48 months with a 40% residual payment

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Novated Lease Calculator

You can use the Platinum Direct Finance novated lease calculator to roughly estimate your monthly repayments on a car loan. The novated lease calculator is for guide purposes only and subject to your status. For a completely accurate and comprehensive quote based on the novated leasing calculator, feel free to pick up the phone to Platinum Direct Finance.

Novated Lease Rates

For up to date novated lease rates, you can call us today. We have relationships with multiple finance lenders and have access to the best novated lease rates in the industry.

What is a Novated Lease?

A Novated Lease is a three way agreement between an employee, an employer and a finance provider. Through a novation agreement, your employer is obliged to make your monthly lease payments whilst you are employed by them. The lease payments are then deducted from your pre-tax salary.

Why Choose a Novated Lease?

Novated Leasing is a tax-effective method of financing a vehicle. It allows an employee tax benefits that regular car finance cannot achieve.

What are the major benefits of a Novated Lease?

  • Income Tax Savings – Each pay period a substantial portion of the car expenses are taken from your pre-tax income, reducing your taxable income and the amount of income tax you need to pay
  • GST Savings – Your employer is able to claim input tax credit for the GST on you lease payments. The financier is also able to claim back the GST on the purchase price of the vehicle, therefore you will finance the vehicle price GST exclusive up to the luxury limit of $60,316
  • Fixed Costs – The Novated Lease payments are fixed for the duration of the lease allowing you to avoid those nasty large annualised car costs. By fixing you car costs, the Novated Lease helps you to budget your money
  • End of lease tax-free profit – At the end of your lease if you sell or trade in your vehicle for a profit, this profit is tax free. It is not subject to capital gains tax
  • Convenience – The registration, CTP and comprehensive insurance is renewed for you automatically. Your fuel card is accepted at all service stations Australia-Wide.

What do I do next?

  • If you havent already spoken with us, call us to speak with one of our highly trained Novated Lease consultants. They will discuss you situation in details and structure a lease estimate specific to your circumstances.
  • If you have decided on the new car, our Fleet Management Team will source the vehicle for you at the best price. Their bulk buying power can access fleet discounts not available to the public, saving you time and money.
  • Once the vehicle has bean sourced, your Novated Lease consultant will liaise between you and the financier to arrange financial approval.
  • Platinum Direct Finance arrange payment and delivery – you are now in your new car.
  • Fore more information, give us a call and one of our expererienced consultants will guide you through the Novated Leasing process.

Novated Lease Rates

For up to date novated lease rates, you can call us today. We have relationships with multiple finance lenders and have access to the best novated lease rates in the industry

For more information on novated lease finance, you can click here.

Would you like more information?

You can give us a call on 1300 554 553 or fill out the form and we’ll have an expert consultant get back to you

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