At Paywise, we offer employees across NSW and Sydney, a cost-effective and convenient way to purchase their next car whilst saving thousands in the process.
Our local team relies on our extensive knowledge of ATO and NSW tax rules, as well as strong connections with local dealerships, ensuring a smooth, tailored experience from start to finish. For Novated Leases across Sydney and NSW, calculate your Novated Lease savings below, or contact our team today.
What is a Novated Lease?
A Novated Lease is an arrangement where your employer makes payments from your pre-tax salary to cover the running costs and finance for your vehicle. With a Novated Lease from Paywise, you could also receive significant tax savings on your vehicle and all its running costs.
Who is Eligible for a Novated Lease?
To be eligible for a Novated Lease in NSW and Sydney, you must be employed in Australia and earning a consistent income, and your employer must offer salary packaging.
To apply for a Novated Lease you’ll need the following:
Identification
Proof of income
Proof of your current address
Details of your assets, liabilities, and ongoing expenses.
Once submitted, your application undergoes a finance review and credit assessment, similar to applying for a car loan. However, keep in mind that a novated lease covers all your running costs, not just the finance.
Which incentives are available for electric vehicles in NSW?
Legislation was passed in late 2022 to exempt certain Electric Vehicles (EVs) from incurring Fringe Benefits Tax (FBT). This is exciting news for anyone in Sydney or NSW wanting to own an EV, presenting a highly compelling opportunity via salary packaging under a novated lease arrangement.
If you’re looking to get an electric vehicle, you can save money with a Novated Lease through Paywise, making EV ownership more affordable and hassle-free.
How does Novated Leasing work for NSW employees?
A Novated Lease in NSW is a three-way lease agreement between:
An employee
An employer
A Novated Leasing provider, such as Paywise
As an ATO-approved agreement, this allows Sydney and NSW employees like you to use part of your pre-tax income to finance your new or used car, as well as all the running costs (registration, insurance, servicing, tyres and fuel or charging) that go with a owning a vehicle.
How it works:
You choose the length of your lease term (1 to 5 years)
Payments are automatically deducted from your pre-tax salary, so you don’t need to worry about remembering repayment – making budgeting a breeze
Don’t bother with the hassle of a regular car loan and take advantage of the many tax saving benefits of a Novated Lease, to leave more money in your pocket!
To find out if you’re eligible or if you have any other questions, fill out the form below.
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Why choose Paywise as your NSW Novated Lease provider.
For over 35 years, Paywise have helped employees within Sydney and across NSW access more of their take home pay and earn significant savings through a Novated Lease. Beyond our decades of experience, it’s our personalised service tailored to every member that earns us our positive reviews and testimonials.
When you call us, you’ll speak directly with a Paywise expert, every time. Our Novated Lease sales team work tirelessly to ensure our clients get the help they need and to deliver on our brand promises, even beyond work hours.
For over 35 years, Paywise have been helping employees get the most out of their income with Salary Packaging and Novated Leasing. Proudly Australian-owned with a national presence, we pride ourselves on delivering exceptional service to our customers across the country. Whether treating yourself or simply making your pay go further to cover everyday living costs, we help you get the most out of your salary.
Personalised Service, From Start To Finish
At Paywise, you’ll always talk to a real person. From day one, you’ll have a dedicated Novated Leasing specialist to guide you through the entire process.
Enjoy 24/7 Access To Your Benefits
Manage all benefits at your fingertips with the Paywise App and access your digital card, view transaction balances and submit claims, all at a glance. You can even live chat with your Paywise account manager!
Trade-Ins Made Easy
Got a car that’s struggling to sell? We can negotiate with our nationwide network of wholesalers and dealers to get it sold at a price you’re happy with.
Speak with our Novated Leasing experts in Sydney today.
To learn more about our Novated Lease options or to find out how much you could save, get in touch with a member of our NSW team today. Our local Sydney experts are available to answer any queries you might have.
