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Before you start your search, here are a few things to consider
Pay $0 in FBT
Thanks to an incentive from the Australian government, if you buy an electric vehicle (or plug-in hybrid) that’s under the luxury car tax threshold of $91,387, you can save thousands more by not having to pay fringe benefits tax (FBT).
Don't pay GST
A novated lease reduces the GST of the car by up to $6,334 (or unlimited GST reduction on utes). So if the car you want is under $69,674 then you’ll get it GST-free with a novated lease. And if it’s over that price, then you’ll still save $6,334 that you wouldn’t have otherwise.
Novate a used car
You can buy a used vehicle using a novated lease and still get almost all of the same benefits as buying a new car. So if you don’t see what you’re after on our website, give us a call and we’ll work with you to find the used car you want.
Novate your existing car
Love your current car but want to access the savings that novated leasing offers? No problem! We can just move your existing car onto a novated lease. Give our team a call and we’ll help you make the transition.
Drive Your Ideal Ute with a Novated Lease from LeaseLab
Ute ownership is having a reliable partner for work, adventure, and everything in between. Whether you're considering a Ford Ranger, a Toyota Hilux, or another leading model, a novated lease from LeaseLab makes it easier and more affordable to drive the ute you need. Our novated lease plans deliver the flexibility to suit your work, lifestyle and budget while offering significant financial benefits, allowing you to enjoy the versatility and power of your ute without the financial strain.
Why Choose a Novated Lease for Your Ute with LeaseLab?
A novated lease for your ute offers substantial financial advantages. Unlike traditional financing, novated lease payments, and your running costs like fuel, insurance, servicing and registrations, can be deducted from your pre-tax salary. This makes your taxable income lower, putting more of your income back into your pocket. A novated lease for your ute can make ownership more economical right from the start and throughout the lease term, with regular, predictable payments that suit you.
With a novated lease for your ute, you can also avoid paying GST on the vehicle purchase price and its running costs, saving you another 10%. You can drive a brand-new ute with all the latest features and capabilities, enhancing your work efficiency and weekend adventures without the financial burden of traditional ute financing solutions. That's a win from every angle!
LeaseLab simplifies the leasing process, managing every element of your novated lease from start to finish. With LeaseLab, you can be confident that the novated lease for your ute is handled with expertise, so you can hit the road, the dunes, or the dirt while enjoying all the tax savings that come with it.
Frequently Asked Questions
Is a novated lease on a ute worth it?
Definitely. A novated lease on a ute offers numerous financial benefits. By using pre-tax dollars to make your lease payments, you lower your taxable income, resulting in significant tax savings. Additionally, running costs like insurance, maintenance, and fuel can also be paid with pre-tax dollars, enhancing your savings even further. Plus, you'll benefit from GST savings on the vehicle purchase price and its running costs, making a novated lease a cost-effective option compared to traditional financing.
What are the advantages of a novated lease for a ute?
A novated lease for a ute offers an impressive lineup of financial advantages, including pre-tax salary deductions for lease payments, GST savings on the purchase price and running costs, and the convenience of bundled payments for expenses like insurance and maintenance. This structure not only lowers your taxable income but also makes budgeting easier and ownership more affordable. With a novated lease on your ute, you can enjoy the benefits of driving a new ute without the pressure of other finance solutions.
Are there any restrictions on how I can use my ute with a novated lease?
Nope, there are no restrictions on how you can use your ute with a novated lease. It’s yours for business and leisure. Our novated lease structure allows you to manage your expenses efficiently while providing the freedom to use your ute as you wish to.
Novated Leasing with Electric Vehicles
Good for the environment, good for your wallet. Discover how you can get a brand new electric vehicle and save 45% on average compared to traditional financing.
Save thousands in tax by driving your dream car
For Drivers
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