Toyota Corolla Novated Lease
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Drive a New Toyota Corolla with a Novated Lease from LeaseLab
A popular choice for all types of drivers, the Toyota Corolla pairs reliability and fuel efficiency with a modern, European-inspired design that delivers big on performance. The ideal vehicle for urban commuting or long-distance journeys, the Corolla is known for its comfort and functionality. Securing a new Toyota Corolla on a novated lease with LeaseLab means you can enjoy all the benefits that come with owning this best-selling vehicle model while reaping the significant financial rewards that other financing solutions can’t beat.
Why Choose a Novated Lease for Your Toyota Corolla with LeaseLab?
Choosing a novated lease for a Toyota Corolla comes with a host of enviable financial perks. When you lease a Toyota Corolla, your novated lease payments, as well as running costs like fuel, insurance premiums, tyres and maintenance, are deducted from your pre-tax salary, much like salary-sacrificing. This reduces your taxable income, allowing you to take home more of your earnings. A Toyota Corolla novated lease gives you the option to bundle all vehicle-related expenses into one regular, predictable payment, eliminating financial surprises and simplifying your budget planning.
With a Toyota Corolla novated lease you won't pay GST on the vehicle purchase price or any running costs, giving you a 10% saving from day one. And, the flexibility and ease of a novated lease through LeaseLab means you will enjoy all the benefits of driving a brand new Corolla of any kind without restrictions on personal use, unlike some traditional financing solutions.
Save More on Your Toyota Corolla with a Novated Lease LeaseLab
At LeaseLab, we streamline the novated leasing process, ensuring it's as straightforward and hassle-free as possible. From providing transparent, easy-to-understand quotes to managing every aspect of your Toyota Corolla novated lease, we handle it all. Forget the hassle and the headache of buying a new car with traditional financing options, and explore the advantages - and the tax savings - of a novated lease for your new Toyota Corolla. With LeaseLab, your Toyota Corolla novated lease is in expert hands, so you can confidently drive away.
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FAQs
What are the benefits of a novated lease for a Toyota Corolla?
Easily the most appealing benefit of a novated lease for a Toyota Corolla is the substantial financial advantage. With a Toyota Corolla novated lease, you’ll avoid paying GST on the purchase price as well as on its running costs like fuel and servicing. Your regular novated lease payments will be made from your pre-tax salary, which will lower your taxable income, resulting in significant tax savings. A novated lease also offers flexibility, giving you the option to secure a new or used Toyota Corolla, and to use it however you like, without the restrictions that some other vehicle financing solutions put in place.
How do I get started with a Toyota Corolla novated lease?
Getting started with a Toyota Corolla novated lease is simple with LeaseLab. Use our novated lease calculator to estimate your potential savings, explore our Toyota Corolla novated lease plans, and then contact us to receive a personalised quote for a plan that suits your lifestyle. We handle all aspects of the leasing process, simply and transparently, without the jargon or the hassle of other finance solutions.
Is a novated lease on a Toyota Corolla worth it?
If a novated lease works for you - boy, does it work well. With a novated lease on a Toyota Corolla, you’ll have the peace of mind of regular, predictable payment deductions, and the unlimited use of a vehicle of your choosing, all while enjoying incredible financial benefits. By using pre-tax dollars to make your lease payments, you lower your taxable income, resulting in significant tax savings. Running costs can also be paid with pre-tax dollars, further enhancing your savings. A novated lease makes owning and driving a Toyota Corolla more affordable compared to traditional financing options.
Can I save on GST with a Toyota Corolla novated lease?
Yes, you can save significantly on GST with a Toyota Corolla novated lease. You'll avoid paying GST on the vehicle purchase price, which can save you thousands of dollars. Additionally, GST savings extend to the running costs of your Corolla, such as fuel, insurance, and maintenance, reducing the overall cost of ownership by 10%.
Are there any restrictions on how I can use my Toyota Corolla with a novated lease?
No, there are no restrictions on how you can use your Toyota Corolla with a novated lease. It's yours to drive for both business and pleasure. Our novated lease structure allows you to manage your expenses efficiently while providing the freedom to use your Corolla as you wish.
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