What are the benefits of Novated Leasing for ADF employees?

ADF members can unlock a range of exclusive benefits with novated leasing.

Here are the key advantages:

1. Tax Savings: For ADF members, payments for a novated lease are made from your pre-tax salary, which can lower your taxable income and result in valuable tax savings.
2. Budget Management: All vehicle expenses are included in one regular payment, making it easier to manage finances. Running costs like fuel, insurance, maintenance, and registration are covered, providing peace of mind and predictability in budgeting.
3. No Upfront Costs: Unlike traditional car loans, novated leases often require no upfront deposit, allowing employees to access a new or used vehicle without a significant initial financial outlay.
4. Flexibility: ADF employees have the flexibility to choose the vehicle that suits their lifestyle and needs, with the option to upgrade or change vehicles at the end of the lease term.
5. Convenience: The lease arrangement simplifies the process of car ownership, with The Novated Lease Company taking care of the vehicle's financing, insurance, maintenance, and other running costs.
6. GST Benefits: ADF employees may benefit from GST savings on the purchase price of the vehicle and on running costs, as the employer can claim GST credits, reducing the overall cost of the vehicle.
7. Improved Cash Flow: By including vehicle costs in a novated lease, ADF employees can better manage their cash flow, freeing up income for other investments or expenses.