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*Applicable to selected vehicles only

Novated lease

Drive smarter business: Explore the benefits of novated leases

Novated leasing is a smart financial move that maximizes tax savings by using pre-tax income for car expenses. Enjoy flexibility in choosing your preferred vehicle, simplified budgeting with a single payment, and peace of mind without worrying about depreciation. Experience a tax-efficient and stress-free driving solution with novated leasing.

Register your interest

By clicking the "Register my interest" button you acknowledge that you have read and agree to abide by carbar's privacy policy and terms and conditions*

Why novated lease?

Novated leasing offers several benefits that make it an attractive option for both businesses and employees

Why novated lease

Tax savings

Unlock substantial tax benefits by paying for your car-related expenses, such as lease payments, fuel, and maintenance, with pre-tax dollars. This means more money stays in your pocket, and you pay less tax overall.

Financial control

Take charge of your budget with a single, easy-to-manage payment that covers all your car-related costs. No more juggling multiple bills – streamline your finances and enjoy a hassle-free driving experience.

Flexible terms

Tailor your novated lease to fit your needs. Whether you want a short-term commitment or a longer arrangement, the flexibility of novated leasing allows you to align the terms with your lifestyle and financial goals.

Choice of vehicle

You have the freedom to choose the car that suits your lifestyle without being limited to a specific make or model. From fuel-efficient compacts to stylish SUVs, the choice is yours.

Comparison

Inclusion

Tax savings
Car registration
Roadside Assist
Car insurance
Choice of vehicle
Car maintenance
Residual value*
Financial liability
Car swap
No lock-in contract
Contractors, part time and casuals

Novated lease

 
 
 
 
 
 
 
 
 
 
 

Novated subscription

 
 
 
 
 
 
 
 
 
 
 
*A novated lease residual value, also referred to as a "balloon payment", is the amount required at the end of a novated lease term for you to own the vehicle. The vehicle may be sold or re-leased to payout the residual value at the end of the lease term.

Frequently asked questions

on novated lease

A novated lease is a three-way agreement between an employee, their employer, and a leasing company, allowing the employee to lease a car using pre-tax income.

A novated subscription is a type of car subscription where you effectively lease a fully maintained car through your employer. The benefits of this arrangement are that your employer can sacrifice a portion of your salary (pre- and post-tax) to cover the cost of the car subscription.

Because it is being run through a business, you immediately save on GST and depending on your circumstances, could save through pre- and post-tax contributions. This effectively gives you all the benefits of a fully maintained car while potentially reducing the amount of tax you pay. There could be further savings for eligible cars that are zero or low emissions vehicles that are exempt from Fringe Benefits Tax (FBT) and first held and used after 1 July 2022*

* The advice given is general advice and does not take into account your own objectives, financial situation or needs. You should consider if the advice is appropriate for you before acting and read all applicable terms and conditions of any selected product or service prior to proceeding

There are a lot of different options out there when it comes to car ownership, and more and more people are opting for car subscriptions instead of traditional methods like financing, novated leasing or buying.

So, what exactly is a novated car subscription?

Put simply, a novated car subscription is basically a salary sacrifice arrangement where you get your employer to cover the cost of your car. Rather than pay for your car with post tax income, you pay through payroll with a combination of pre- and post-tax salary. This way you can reduce the amount of taxable income you will pay and could save money on tax.

Because car subscription rolls all costs of car ownership into a simple weekly payment, you could save money (GST and tax-savings) across car, registration, insurance, maintenance and servicing costs.

There’s no need to feel overwhelmed when researching how to apply for a novated car subscription. The process is actually quite simple and can be easily completed in just a few steps.

First, you will need to talk to your employer as they will need to sign an agreement with carbar to offer this benefit through payroll. Once the employer agreements are signed, you will need to register your interest using the form below. We'll then help you find the make and model of car that you’re interested in, share the calculations for your weekly pricing and if you're happy, submit your order.

If your employer approves the order, we’ll work to secure the car and organise for it to be picked up or delivered to you. Payroll will pay your subscription and you get some new wheels. It’s that easy.

When it comes to a carbar car subscription, you can stop or swap with just 2 weeks notice.

At the end of a novated EV subscription, it is important to finalise your arrangement with your employer also. Your novated car subscription is pretty straightforward and easy - once you wish to stop, you can simply end the subscription after two weeks and hand over the keys.

Many people choose to extend their subscriptions, but most importantly, when you end your novated car subscription, you won't be left with a huge bill or anything like that.

It’s just an easy way to keep driving a car without having to worry about ownership.

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Drive smarter business: Explore the benefits of novated and subscriptions

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