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Novated Lease Calculator.
Novated leasing has gained some undeniable and well-deserved traction over the years. While the financial perks may seem exceedingly enticing, the fringe benefits may not complement your budget. For this potentially detrimental reason, lessees should consult a novated lease calculator at Stratton Finance before pursuing a novated lease. Altogether, novated lease calculators provide exceptional insight, optimize your leasing experience, and minimize the risk of leasing companies conning you out of your well-earned money.
What Functions Does A Novated Lease Calculator Perform?
Novated lease calculators weigh a multitude of considerations, digest the applicable information, and calculate an estimate of your monthly payment. Such factors they consider include annual gross salary, make of vehicle, yearly kilometers traveled, and lease term. Of course, each agency formulates their own computing methods, making it essential for individuals to avail themselves of the many novated lease calculators available.
Weeding Out The Greedy
As previously mentioned, novated lease calculators assist in avoiding money-grubbing situations. In this instance, knowledge indeed is power. Some leasing and motor vehicle companies leap at the opportunity to capitalize on naivety. As an attempt to circumnavigate such adversities, it’s best to equip yourself with sufficient knowledge. Knowing which companies offer the most competitive rates will positively impact your decision.
Selecting A Leaser
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3 Benefits of a Novated Lease
If your employer has recently offered the option for you to get a vehicle with a novated lease, you could be wondering if it’s something that you should do. Of course, it is important to weigh out the pros and cons before you do it, but for many, it really is a good idea. These are a few reasons why you might just want to consider your employer’s offer for a novated lease.
1. Save on Taxes
For one thing, Novated Lease Stratton can save you a lot of money on taxes. Since some of the cost of your car will be covered by your pre-tax income, you can actually make use of these funds without having to pay taxes on them. Plus, as an added bonus, this will help you keep your taxed income amount lower, which might mean that you will end up paying less in taxes throughout the year altogether. If you feel like you are paying too much in taxes and would like to relieve some of your tax burden while paying for something that will be beneficial for you, choosing one of these leases can be a good idea.
2. Have Everything Covered
You might already know about all of the stresses that go along with buying a car. Along with having to worry about paying for a car and the insurance to cover it, you also have to worry about paying for maintenance, fuel and more. All of these things can be complicated to budget for and can put you in a financial bind. If you choose a novated lease, however, you can actually have all of these things covered in one payment that is paid for with a combination of your pre-tax and after-tax income. This can relieve some of your stress and leave you with a lot less to worry about.
3. Pay Less for a Vehicle
Buying a car can be very expensive. If you lease one on your own rather than through a program through your employer, you can save a little bit. However, you might be able to get a truly great deal by doing a novated lease. This can help you drive a nicer vehicle for a lower price.
As you can see, for many people, a novated lease can be a good option. Therefore, if your employer has recently offered you the option to participate in a novated lease, it might be something for you to look into. These are just a few of many reasons why.
Car Finance and Capable Brokers
The car finance universe can sometimes be confusing. If you’re currently looking into all of your options, it may be intelligent to recruit the assistance of a professional broker. A broker can help you make smart choices, first of all. A broker can give you car finance advice and guidance that’s unparalleled. If you want to approach car loan matters like a wizard, you need to have plenty of information on your side. Brokers can make handling all types of issues easy and convenient. Brokers can simplify car finance concepts for you in a way that you probably never even envisioned.
Brokers are equipped with negotiation skills and abilities that are rather rare. If you want to do whatever it takes to keep your costs low and manageable, this negotiation expertise can be a lifesaver. Brokers can protect you from outrageous terms and rates. People who don’t want to feel vulnerable and easily influenced, as a result, can often get a lot out of working with brokers who know exactly what they’re doing.
Car financing can be quite a stressful process for people. The process can be so stressful that it can actually sometimes make people want to speed everything up. That’s the reason the assistance of a broker can be so precious. A broker can give you the clarity you need during stressful circumstances. A broker can help you step back and assess your individual situation with a clear head. You should never ever make impulsive or quick car finance decisions. Rash decisions tend to end in regret and annoyance.
Brokers are people who essentially focus on car finance day in and day out. These professionals naturally spend more time thinking about car financing than most others. They, because of that, understand Car Finance at Stratton subjects deeply. If you have any questions that pertain to car finance, a good broker will take the time to answer them for you in lots of detail. He or she will take the time to explain things carefully as well.
The assistance of an adept broker can also help get you more respect. People know that brokers know what they’re doing. They also know that it isn’t exactly easy to trick them. If you want to steer clear of any potential hassles, headaches and scams, working with a broker can give you a sense of confidence that’s invaluable. The last thing you want is to feel silly. The last thing you want is for others to take your lack of experience for granted.
Car finance can seem complex to people who are new to it. If you want to maximise convenience and ease, the help of a broker is the perfect solution. You should look for a local broker who possesses a terrific track record. Look for a broker who is known for dependability, honesty and transparency, too.
Why You Should Consider A Novated Lease – The Basics, The Why, The How
There are three legitimate ways to securing a car for personal use: to purchase with cash; to pay installments over time while retaining ownership through financing; and to remit monthly installments while being allowed to drive a car, without having direct ownership, and being required to return it at lease end.
Although many drivers like to own their cars to modify, sell, or trade as they please, leasing features many benefits over purchasing or financing: lessees aren’t responsible for repairs; they don’t have to regularly maintain their vehicles, as such an obligation is that of the lessor; and aren’t stuck with hefty purchase prices.
A novated lease is an improvement over basic leases in many ways. Most simply, a novated lease is one an employer takes responsibility for – although employees are still responsible for paying monthly installments – in turn providing tax benefits, among several others, to both parties involved. We’ll touch over the many benefits to all those involved towards the end of this article.
How can I go about maneuvering a novated lease?
An employer’s motivation for offering a novated lease is to build a stronger working relationship between involved employees and the companies they work for. You can see if your employer offers novated lease programs by asking your manager, or whoever’s responsible for employee compensation.
It could be possible your employer has a novated lease program available for employees, and them not being eligible for the program. You must always, in every circumstance, be signed up for a Stratton Finance novated lease Calculator benefit in order to receive assistance from your employer.
How does a novated lease work, particularly?
Once you’ve assured yourself that you’re eligible for a novated lease assistance program, go finance a vehicle – any vehicle, given it meets your employers’ contract terms. Ask the car yard to have it leased in your own name. Keep in mind that the lease is entirely yours at this point, and your employer is involved in no way.
Approach your employer to set a meeting between yourself, company representatives, and a financier that services payments. Your employer herein agrees to take over financing responsibilities, among other responsibilities you two will agree on, then deduct monthly payments from your pay until lease end.
The benefits of engaging in a novated lease
Employers typically gain stronger working relationships from offering novated leases to workers. Further, they usually don’t cost as much as other benefit packages.
For employees, monthly installments aren’t included in annual tax filings, effectively making your taxes cheaper at year end.
Your vehicle follows you wherever you go, even if you quit working for your current employer. While you’re immediately required to assume regular payments on the leased vehicle, you’ve of zero obligation to your potentially-former employer.
Novated leases don’t show up on company’s financial statements, taking hefty liabilities off their balance sheets.