X2

You must do at least 25000 a year to make it worth it.....and my lease, this being my 4th one have all worked as described above....and you really need to be in a higher tax bracket to reap some serious taxation advantage

Quote Originally Posted by brad View Post
Generally, you need to knock out 16,000km a year to make a Novated Lease work - unless it's a very cheap car. Anything under 16,000km and FBT will kill you. 25,000km a year is better as the FBT comes down to 11% (IIRC).

I'm not sure what the OP means by Fully Maintained & Standard but my Novated Lease pays for the finance & all the operating costs such as fuel, insurance, maintenance & tyres. I choose who provides all these services & the money left over is given back to me at the end of the lease or I taper down my payments as the lease period draws to a close. For all that, I think the saving over other forms of financing a vehicle are only a couple of thousand a year.


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