For many people, maintaining a sufficient amount of fuel in their car is not the most enjoyable part of owning a car. This is particularly true due to the constantly changing cost of fuel. However, with a Novated Lease, you can always receive a discounted price for fuel, eliminating the pressure of deciding when to fill up in order to save your valuable earnings.

What is the extent of this discount?

A Novated Lease offers the benefit of using your pre-tax income and a fuel card to save up to 30%* on fuel expenses. With a set monthly fuel budget, you can avoid the impact of rising fuel prices. This also results in reduced excise and fringe benefits tax. The lease payments include fuel costs, making it a convenient and cost-effective option. How easy is that!

You do not have to be concerned about losing money in case you do not utilize all of your fuel allowance during the given time period. With a Novated Lease, any unused fuel allowance will be reimbursed to you at the end of the lease. However, if you happen to exceed the designated fuel budget, it may be necessary to recalculate the lease to cover the extra expenses. Additionally, it is convenient to adjust your allowance online if you frequently go over the allotted amount.

If the idea of saving money and not paying taxes on your fuel appeals to you, and you are in the market for a new vehicle, a Novated Lease could be a suitable option for you.