All Topics / Legal & Accounting / novated vehicle lease?? ok or not.

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  • Profile photo of frhidayfrhiday
    Member
    @frhiday
    Join Date: 2005
    Post Count: 7

    I am looking to purchase a car through work salary deductions with novated lease option.If i do ,how would this affect future finance applications.I dont like the idea of obtaining a vehicle witha contract but ,it does have some good points.? Any views towards this would be appreciated.

    Profile photo of trajiktrajik
    Member
    @trajik
    Join Date: 2005
    Post Count: 102

    Depending on your marginal tax rate as to the benefit to you, but generally a well structured salary package will be to your benefit, although not spectacular, especially with the lower tax rates now.

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