Volvo Novated Lease
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Discover the Reliability & Safety of a Volvo with a Novated Lease
With a legacy of unparalleled safety and reliability, Volvo has been at the forefront of technology that prioritises the well-being of drivers and passengers. Renowned globally for its innovative spirit and family-focused luxury, Volvo is committed to sustainability with a goal to offer a fully electric model by 2030. From the smart Volvo XC60 to the luxurious Volvo S90, the brand’s high-performance fun and efficiency stand out for customers. Choosing a novated lease for your next Volvo can be one of the most cost-effective ways to finance your car.
Put the Pedal on Savings with a Volvo Novated Lease
A novated lease from Leaselab can help you hit the open road in your new Volvo sooner, for less. Enjoy incredible savings back in your pocket when you pay off your novated lease using your pre-tax income, rather than fronting up a large amount of money or a traditional car loan. Bundle your Volvo’s running costs with your novated lease like, Compulsory Third Party insurance, fuel, registration and comprehensive insurance and you’ll increase your savings while making budgeting easier.
There’s never been a better time to make the switch to the electric Volvo C40 – unlock extra savings with the federal government’s fringe benefits tax (FBT) exemption for zero and low-emission vehicles. Use our Volvo novated lease calculator to estimate the potential savings on your new car with Leaselab.
Volvo Novated Leases with Leaselab that Work for Your Lifestyle
No matter which Volvo novated lease plan you choose, Leaselab will manage your lease, process expenses and cross-check charges with our transparent account reporting system. We understand the right plan depends on your preferences, lifestyle and financial goals – that’s why our Volvo novated leases maximise savings based on each person’s circumstances. Whether you want to drive away the popular Volvo XC40 SUV or the electric C40, we’ll secure discounts on your vehicle and running costs.
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How do Volvo novated lease payments work?
A novated lease allows your employer to make payments on your behalf from your gross salary (pre-tax income) to pay a novated lease provider (like Leaselab) for your new Volvo and its running costs. Rather than buying a car outright, you will enter into a lease for a fixed term that works for you. This is similar to salary sacrificing for work-related items or other personal expenses.
If you have your eye on an upgrade, you can take out a new lease and upgrade to a newer Volvo car at the end of your agreement. Leaselab will help you manage your account-keeping fees and simplify the end-of-lease process.
FAQs
Can I choose any Volvo model for a novated lease?
Most Volvo models are eligible for novated leases from the ever-popular Volvo XC40, XC60 to the S90. Leaselab’s flexible payments allow you to drive your dream Volvo sooner with a model that suits your lifestyle.
Is there a minimum salary requirement for a Volvo novated lease?
While there is no minimum salary requirement for a novated lease, the amount you can get approval for will depend on your financial situation and borrowing capacity. The best way to explore your options is to contact Leaselab so we can assess your ability to make monthly payments and a flexible loan term that works for you.
What are the benefits of a Volvo novated lease?
The Volvo novated lease is a cost-effective finance option because it can effectively reduce your taxable income. After all, your employer makes payments from your gross salary. You’re also set to save on GST from the total price, with some potential FBT exemptions available for hybrid and electric vehicles.
Choose a ‘fully maintained’ novated lease and you can bundle all the on-road costs of a new car into one regular payment, including the initial purchase price plus ongoing costs from petrol, registration and more.
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