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Novated Car Lease/Leasing

Novated Car Lease - Tax Savings

What is a novated lease?

A novated lease is a three-way arrangement between an employer, an employee and a finance company. The finance company buys the car on your behalf and your employer pays them a monthly amount from your pre-tax salary.

At the end of the lease period, you can either:

  • Sell the car and keep any tax-free profit
  • Buy the car for its residual value
  • Extend lease with a lower repayment
  • Trade it in when you lease your new car.

What are the benefits of a Prosperion novated lease?

  • It’s a tax effective way to lease a vehicle via salary packaging. You pay with pre-tax dollars, which could save you thousands on your taxable income.
  • A simple and convenient monthly payment covers all your costs including finance repayments, fuel, insurance, registration and maintenance.
  • A fixed rate for the term of your lease.
  • New car discounts thanks to our buying power and established supply networks.
  • Preservation of your cash flow, as it isn’t tied up in a deposit or an outright purchase.
  • You can upgrade to a new car at any time.
  • You can take out redundancy insurance for extra peace of mind.
  • There are no restrictions on how much you earn or how many kilometres you travel.
  • Your spouse or children can drive the car too.

If you’d like to know more about Prosperion’s novated lease packages, call or email