Imagine driving your dream car while accessing potential tax benefits. A novated lease is an arrangement between you, your employer and Paywise that allows you to pay for a new, used or existing vehicle, along with eligible running costs, using some of your pre-tax salary.
Beyond just the car itself, a novated lease allows you to package all your running costs like registration, insurance, servicing, fuel and/or power, and even new tyres, in an easy-to-manage monthly repayment from your pre-tax salary.
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Your employer will make deductions from your salary to cover your lease payments and vehicle running costs. Some or all of this will be pre-tax salary.
The funds deducted are sent to Paywise to cover the cost of your lease payments and running costs.
This may reduce your taxable income, meaning you could pay less tax.
Paying less tax could mean more take-home pay!
*How your novated lease is funded will depend on your vehicle and individual circumstances and may include a combination of pre-tax and post-tax salary contributions.
Paywise provides a cost-effective and convenient way to manage the purchase and running costs of your vehicle. We negotiate competitive pricing, plus you could benefit from GST savings on the purchase price and running costs, depending on your circumstances. With our affordable novated leasing options for eligible employees across Australia, you could be driving away in a new car sooner than you think.
With Paywise, our inclusive novated lease packages can bundle your vehicle running costs into one regular payment. This includes fuel/charging, servicing, registration, comprehensive insurance and tyres, plus the financing of the vehicle purchase. Our dedicated team takes care of the entire process for you.
Salary packaging a vehicle could provide potential tax and cost benefits. The example comparisons below illustrate how a novated lease may deliver attractive cost advantages compared with other vehicle funding options, for both electric and petrol vehicles.
Example only. Based on a $90,000 income, 15,000km per year and a 5-year lease. Actual costs and tax outcomes will vary depending on individual circumstances.
Example only. Based on a $90,000 income, 15,000km per year and a 5-year lease. Actual costs and tax outcomes will vary depending on individual circumstances.
We’ll help you explore vehicle options to suit your needs and budget. Explore our current offers to see how much you could be paying per week for your new, used, or even existing vehicle.
Visit our Novated Leasing FAQ page!
Since 1989, Paywise has helped Australians get more from their salary through simple, stress-free salary packaging and novated leasing solutions. With over 30 years of experience, we’re committed to delivering exceptional service, so you can enjoy the benefits without the hassle.
We’re passionate about putting our members first, and with industry-leading response times, our team is here to provide fast, effective support every step of the way.
Since 1989, Paywise has helped Australians maximise their take-home pay with simple, stress-free salary packaging and novated leasing solutions. With over 30 years of experience, we’re committed to delivering exceptional service, so you can enjoy the benefits without the hassle.
We’re passionate about putting our members first, and with industry-leading response times, our team is here to provide fast, effective support every step of the way.
Potential benefits, savings and tax outcomes will vary depending on individual circumstances. Before making a decision you should consult your independent legal, taxation and financial adviser for advice relating to your personal circumstances. Terms, conditions, eligibility criteria and fees and charges apply.
Potential benefits, savings and tax outcomes will vary depending on individual circumstances. Before making a decision you should consult your independent legal, taxation and financial adviser for advice relating to your personal circumstances. Terms, conditions, eligibility criteria and fees and charges apply.
