When Is the Best Time to Get a Novated Lease?

Loading Vehicle Picker...
Initialising Vehicle Picker...

When Is the Best Time to Get a Novated Lease?

Posted on by carbroker

If you’re keen to get yourself a novated lease through your workplace, and it’s available to you, then you’ve got to think about the best time to secure one before you start jumping for joy.

Novated leases can be undertaken at any time of the year – you don’t need to wait around for Santa Claus or the Easter Bunny to deliver one on a platter for you. But some times of the year may be more convenient than others. Let’s take a look at the best time to get a novated lease.

Novated leases: explained

A novated lease is when your employer agrees to lease a car on behalf of you, with the repayments coming out of your pocket. The great thing about a novated lease is that the repayments come from your pre-tax salary, allowing you to see a big benefit in the reduction of your payable tax at the end of the financial year.

End of Financial Year

The end of the financial year (EOFY) is one of the best times to start thinking about a novated lease. For a start, you’ll be doing your tax return and be thinking about ways to reduce your taxable income for the new financial year. When you agree on a novated lease in the month of July, at the beginning of a new financial year, you’ll make the most of a full tax year when it comes to doing your taxes in June the following year.

The main benefit of this is that you’ll be able to see exactly how much taxable income you’ve reduced, which is a super satisfying thing to experience.

There’s no time like the present

If your employer has agreed to a novated lease and you’ve got the green light, then there may not be any point in waiting around for the end of financial year. If you’re wanting to get your hands on a new set wheels quick smart, then we encourage you all the way… but talk to the guys at Carbroker.com.au first!

Carbroker.com.au are Australia’s leading team of car brokers and have been since 2003. They’re not salespeople: they’re brokers. They work for you when you’re sussing out a great novated lease, helping you find the best possible deal on the make and model you’re after. With over 2,000 car dealerships across Australia in their database, Carbroker.com.au guarantee that you drive away in the best car possible.

Testimonials

Thanks for your help. Must admit I was very sceptical in dealing 'on line' with an unknown person/company. As a single woman I don't want the hassle of going backwards and forwards, playing one dealer off the other. I used the internet to get a measure of what's reasonable and then it's 'give me your best price' no second chance. Some people can't get their head around that but life's too short. I only want to deal with ethical people. I'm happy that a salesperson makes a profit but it has to be fair for both parties. Thanks and I'll be recommending your site to friends.

M.F., Brisbane

...your professionalism and responsiveness is incredible... exceeding my expectations that were already quite high due to the information available, and style and tone of your website.

C.H., Brisbane

I am impressed by your professional approach with your customers. Therefore, I have already recommended your service to my collegues, friends. I would again use your service in the future when I buy the next car for my wife. I will continue support you and your dealers in the future as you all are doing wonderful jobs!

L.I.I., Brisbane

Your manner and professionalism on the phone is excellent. It was a real pleasure to deal with you. I wish you the best in the future, and you can rest assured I will be back!

M.F., Sydney

Picking up car on Friday. Saved >$3000. Thanks for everything. Would recommend process highly. Thanks!

H.M., Brisbane

Just a note to say a HUGE THANK-YOU for your services. You were very prompt in replying, and saved us $3000 on the purchase of our new car (almost 10% on the total cost of the car). With a young family, that's a huge saving for us. Thank-you again.

K.S., Brisbane

...In any event, and irrespective of which car she decides on, we will certainly be using you and Kim (your finance broker).

F.W., Melbourne

I am very pleased with the outcome, and I will certainly recommend it to my friends in the future.

D.F., Sydney

Negotiating a deal with a professional car salesman is tough and time-consuming, especially if you don't have a lot of local experience. Having someone act on your behalf creates an advantage that can't be ignored, and I have to say the $4,900 saving that I achieved off a $43,300 vehicle via Carbroker.com.au is definitely worth the minimal cost of registering an interest at the Carbroker.com.au web site. Thanks to Chris Wilson for this much-appreciated service.

C.P., Sydney

I've been with the RACV for over 10 years. I just didn't realise what a premium I was paying for the service. Going with your car insurance recommendation and the roadside assist is saving me several hundred dollars every year!

C.A., Ballarat

Carbroker.com.au