Get the benefits of novation on your existing car.
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Save on a new or near new used car with novated leasing.
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Pay for a range of living expenses with your pre-tax salary.
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Pay for some of your entertainment costs using your pre-tax salary.
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A novated lease is arguably the easiest and most cost-effective way of owning a vehicle in Australia.
It is a tax-effective, financial arrangement which enables you to salary package your car and save thousands each year on the running costs - plus access fleet discounts to help you save further.
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EquiLease is a new salary packaging benefit to novate a car you already own outright or through a personal loan, regardless or car age or credit worthiness.
| Value of Car | $24,500 |
| Annual Salary | $115,000.00 |
| Running Costs | $11,754.34 |
| Total Tax Payable | $27,587.56 |
| Net Income | $75,764.52 |
| Pay Percentage Increase | $0.00 |
| Savings Per Year | 0.00% |
| Value of Car | $24,500 |
| Annual Salary | $115,000.00 |
| Running Costs | $11,754.34 |
| Total Tax Payable | $24,234.82 |
| Net Income | $79,148.42 |
| Pay Percentage Increase | 3% | Savings Per Year | $3,383.90 |
Ready to save with EquiLease?
Salary sacrifice – or salary packaging – is an Australian Tax Office (ATO) approved method of paying for expenses with your pre-tax salary, offering tax savings through approved benefits.
It allows you to pay for a range of living expenses before tax. Facilitated by Pay@bility, it is an arrangement between you and your employer.
Bringing you the best deals in novated leasing
The amount must be at least $30,000. Please enter a valid amount.
