Image: CarExpert
Image: CarExpert
AutoExec Summary: A novated lease offers a tax-efficient way to acquire a vehicle through a three-way agreement between the employee, employer, and a finance company. This arrangement allows for salary sacrificing, reducing taxable income. Electric vehicles under the luxury car tax threshold can be exempt from fringe benefits tax, making them a cost-effective option, especially with current EOFY deals.
Brands mentioned: Abarth, BMW, BYD, Cupra, Fiat, Ford, GWM, Hyundai, Kia, LDV, Lexus, Mercedes-Benz, MG, Mini, Nissan, Peugeot, Polestar, Renault, Subaru, Tesla, Toyota, Volvo.
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