Hybrid Car Novated Lease
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Embrace Efficiency with a Novated Lease Hybrid Car
Hybrid vehicles offer the perfect balance of efficiency and performance, delivering the best of electric and traditional fuel technology. They provide outstanding fuel economy, lower emissions, and a smoother, and often quieter, driving experience compared to standard vehicles. Choosing a novated lease for a new hybrid car through LeaseLab lets you enjoy these benefits while maximising a myriad of cost savings.
At LeaseLab, we make the novated leasing process as easy as possible, so that you can focus on lapping up the superior comfort, advanced technology, and environmental advantages of your new hybrid ride without the headache of traditional vehicle financing.
Save Money and the Environment with a Novated Lease for Your New Hybrid
Opting for a novated lease on your hybrid car is a smart way to maximise significant financial benefits. With a novated lease, your lease payments and running costs such as servicing, insurance, tyres - even fuel - can be bundled and paid from your pre-tax income, effectively reducing your taxable income and increasing your take-home pay. Additionally, novated leases include GST savings on the vehicle purchase price and its running costs, meaning more money in your pocket and less spent on taxes.
One of the key advantages of choosing a hybrid car on a novated lease is the potential for Fringe Benefits Tax (FBT) exemptions. The federal government’s FBT exemptions for electric and low-emission vehicles, including hybrids, allow you to save even more, further reducing the overall cost of owning a hybrid car. By leveraging these financial benefits, you can enjoy the advanced features and eco-friendly performance of a hybrid car while maintaining financial flexibility and control.
Why Choose LeaseLab for a Novated Lease on Your Hybrid Car?
LeaseLab is committed to making the novated lease process straightforward and transparent. Whether you’re considering popular hybrid models like the Toyota Prius, Honda Insight, or Hyundai Ioniq, LeaseLab provides tailored solutions to fit your needs. Enjoy the freedom of unrestricted vehicle use, flexible lease terms, and expert assistance every step of the way with LeaseLab. Discover how easy and beneficial it can be to drive a hybrid car with a novated lease from LeaseLab.
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FAQs
Is a Novated Lease for a Hybrid Car Beneficial?
Absolutely! Opting for a novated lease for your hybrid car assures regular, predictable payment deductions and the freedom to use your chosen vehicle without restrictions. The financial advantages are significant, as you use pre-tax income to cover lease payments, effectively reducing your taxable income, and resulting in substantial tax savings. Running costs like fuel, servicing, and insurance can also be paid with pre-tax dollars, further boosting your savings. A novated lease offers a more affordable and flexible way to own and drive a hybrid car compared to traditional financing methods.
How does a novated lease for a hybrid car work?
A novated lease for a hybrid car involves a three-way agreement between you, your employer, and your financier, all managed by your novated lease provider - that's us. Your employer deducts the lease payments from your pre-tax salary, covering the car and its running costs. This setup provides a myriad of tax benefits and simplifies the process of owning and maintaining a hybrid car.
Can I choose any hybrid vehicle for a novated lease?
You can choose any make and model of hybrid car to put on a novated lease - new, used, or existing. LeaseLab offers flexibility so you can select a hybrid car that best suits your needs and preferences.
Is there a minimum salary for a novated lease on a hybrid car?
There isn’t a strict minimum salary requirement for a novated lease on a hybrid car. Approval is based on your individual financial situation and your capacity as a borrower. Factors such as your income, living expenses, and any financial dependents are taken into account to assess your ability to make regular payments over the term of your novated lease. Everyone’s circumstances are different, so it’s best to consult with LeaseLab to explore the best options for you.
Why should I choose LeaseLab for my hybrid car novated lease?
At LeaseLab, we’re dedicated to making the novated lease process approachable, simple and efficient. What sets us apart is our commitment to personalised service, from quoting through to the end of your lease, renewal, and beyond. Our approach helps you understand every aspect of your novated lease for your hybrid car, enabling you to make informed decisions with confidence.
The benefits of novating
Reduce your tax bill using pre-tax income
Fleet pricing on a range of cars
Include running costs in one easy payment
No bill shock with smooth payments
Avoid GST on the vehicle and running costs
Flexible plans and end of lease options