Novated Car Leasing? [Australian]

Just wondering if car leasing that partners with the company I work for is worth it or going in the wrong direction? 

The amount for the lease is taken pre-tax, which saves money or something.

Unsure.

2replies Oldest first
  • Oldest first
  • Newest first
  • Active threads
  • Popular
  • I have no experience with this. Giving your post a boost in case anyone does. 😊

    Like
  • I have had a couple of novated leases in Australia. It makes some sense if you have no option other than a loan for the car. You don't pay GST on the car itself or anything to do with running the car. You pay income tax on a portion of the car lease, but not all of it. It is calculated to avoid you paying fringe benefit tax.

    I'm pretty sure it is still cheaper to just buy a car with cash if you can though, or using a mortgage on your house.

    Like 1
Like Follow
  • 10 days agoLast active
  • 2Replies
  • 41Views
  • 3 Following