Whether you’re a business looking for fleet car leasing or an individual looking to lease a new vehicle yourself, we have offices and experts around Australia. Contact your local office to get started today.
A novated lease is a contract that allows you to make car payments from your pre-tax salary. The payments include registration, insurance, servicing and roadside assistance. For more information about the lease car Adelaide consultation, click here.
Budget
If you’re looking for a family car lease in Adelaide that is safe for your kids and affordable for all your plans, Excel Rent a Car can help. Its vast selection of vehicles includes popular models that are easy to get in stock. However, some new cars are available only by factory order, which can take up to three months.
Novated leasing, also known as salary packaging, is an agreement that allows you to pay for a vehicle and its running costs with pre-tax money. It can save you thousands in tax and running expenses. It’s an excellent option for employees in Adelaide and around Australia.
It requires an employer to co-sign the lease with you, and your payments are deducted from your pre-tax income. It can also include a maintenance package to cover the cost of fuel, tyres, servicing, and registration. Moreover, it can reduce your GST liability and maximise your tax deductions. But be careful when calculating the long-term costs because novated leases are often more expensive than buying a car outright. For more information about the lease car Adelaide consultation, click here.
Vehicle requirements
Once you’ve found a car leasing specialist willing to work with you, it’s time to decide on the type of lease you want. This will almost always be a novated lease for employees but check with your employer first to see if they offer salary sacrifices.
You must also choose a vehicle that suits your budget and lifestyle. The best option is a new model with low running costs, such as a hybrid or electric vehicle. Alternatively, you can choose a used car with high safety ratings and the latest technology and features.
It’s also essential to consider how frequently you use the car and whether you want to upgrade it. If you plan to drive long distances, check the excess kilometre charges. The leasing company charges these if you exceed a specific limit in your contract. This can add up very quickly.
Insurance
Car leasing is a standard method of car financing in Australia. It is a good option for people who don’t want to commit to buying or maintaining a car. However, before you sign a lease, be sure to understand the insurance requirements for your vehicle. This includes collision, comprehensive coverage, and a deductible and excess. In addition, it’s essential to compare the costs and coverage of different policies.
Depending on the contract, the leasing company may cover the cost of essential maintenance and registration in your monthly payments. This is known as a fully maintained lease, offering convenience and ease of budgeting. For more information about the lease car Adelaide consultation, click here.
Alternatively, you can also choose to have a standard or non-maintained lease. A standard lease requires you to pay separately for maintenance, car insurance, and registration. The advantage of this type is that it gives you more freedom and enables you to save on GST. Moreover, it also allows you to trade the vehicle at the end of the lease period or buy it for its residual value.
Finance
Buying a new car is a big decision, and weighing up all the options is essential. There are several ways that you can finance your vehicle. Some of these include novated leases, finance leases and chattel mortgages.
Novated leases are unique because they are a three-way agreement between you, your employer and the leasing company. They offer several benefits, including buying the car at the end of the lease at its residual value and tax benefits such as no GST and lower maintenance fees.
Novated leases are becoming more popular in Adelaide due to their financial benefits. With a novated lease, all repayments are made from your pre-tax salary, so you never have to worry about missing payments and incurring late fees.