A novated lease can be a great option if you want to save on taxes while enjoying the flexibility of bundling your car costs into a single, regular and predictable payment. It’s particularly beneficial for those who prefer a hassle-free way to manage their vehicle expenses, and for those who appreciate securing the best possible deal for a new vehicle.

A BMW novated lease offers tax savings by using your pre-tax income for lease payments. It also provides GST savings on the purchase price and running costs, and potential FBT exemptions for hybrid and electric models. This makes driving a luxury BMW more affordable and financially advantageous than traditional vehicle financing or purchasing outright.

The residual value is the estimated value of the vehicle at the end of the lease term. It is agreed upon at the start of the novated lease for your BMW  and influences the lease payments. At the end of the lease, you can pay the residual value to own the car,  return it, or start a new lease.