Why a Novated Lease with beCarWise is a Smart Choice
Thinking about upgrading your car? A Novated Lease is a smart and easy way to get you in your dream car, while leaving more money in your pocket! When you choose beCarWise for your car lease, you’re choosing one of Australia’s leading Novated Lease companies, so you’ll reap the benefits! For starters, not only do we manage the whole process for you; organise everything with your employer on your behalf, help you find your dream car (and get it at fleet discount pricing, but we’ve also made it easy to budget! A Novated Lease rolls all your vehicle expenses (finance, registration, servicing, insurance, tyres, fuel or charging costs) into a single, manageable payment for you, lined up with your payroll schedule. Sounds simple right? That’s because it is!
A Novated Lease from beCarWise is a smarter way to lease a car in Australia
At beCarWise, a Novated Lease doesn’t need to be complicated with endless steps and paperwork. Our easy process is designed to be straightforward and flexible, tailored to suit your needs entirely. We help design a Novated Lease to suit your personal budget and lifestyle, and our focus is to ensure from start to finish, getting into your dream car is a seamless, flexible and completely personal experience.
Novated Leases for Employees
Why choose a Novated Lease?
- Fleet discounts on vehicle purchase, maintenance and running costs
- Reduce your income tax
- Combine your finance, fuel/charging, tyres, servicing, registration and insurance costs into one regular, cost-effective salary deduction
- It’s safe, smart and simple to set up
Novated Leases for Employers
Why offer your employees a novated lease?
- Attract, retain and reward your loyal employees
- Reduce your payroll tax
- Strengthen your reputation as an employer of choice
- Best of all, it won’t cost your company a cent
How much can I save with a Novated Lease?
It just makes sense to choose a Novated Car Lease when buying your next new or used vehicle.
The benefits of a beCarWise Novated Lease
- We find, you drive
- Fleet discounts
- All your running costs are covered
- The choice is yours!
We find, you drive
Love the idea of a new car but dread the sales process required to buy it? We hear you. Simply let us know what you need, and our free car buying service will identify a range of options that suit your lifestyle and your budget. When it comes to buying time, we’ll also negotiate on your behalf, ensuring you get maximum bang for your hard earned, pre-tax buck.
Fleet discounts
You want the best possible deal on your new car. But as an individual buyer, great deals can be hard to find. Thanks to our fleet and volume discounts you can get the car you want, at a price you can afford. Just let us know what you’re looking for and we’ll line it up. Too easy.
All your running costs are covered
A Novated Lease means that all your running costs – such as finance, fuel/charging, registration, insurance, servicing, and new tyres – are covered in your regular repayments! This makes budgeting simple and convenient for the life of your lease.
The choice is yours!
Don’t be fooled into thinking a Novated Lease is strict and structured – you’ll be provided with many options throughout your lease to suit your needs. When it comes near to the end, whether you want to purchase, sell, or refinance, the choice is all yours.
Talk to us today!
You won’t look back when you make the switch to a Novated Lease.
Simply fill in your details below and one of our friendly consultants will be in touch to tell you more.
Novated Lease FAQs
What is Novated Leasing?
A beCarWise Novated Lease is a three-way agreement between you, your employer and a leasing company such as beCarWise, where your employer makes the lease repayments, while you agree to provide a portion of your salary to cover the vehicle payments and running costs. You may also know it as salary sacrificing.
How many Novated Leases can I have?
With beCarWise, as long as your salary can cover the Novated Lease payments, you can have as many Novated Leases as you like.
Is the car I choose to lease only for business use?
No, you can use a novated leased car for both business and/or personal use. The car is completely yours! You can also choose any make or model you like, subject to some conditions such as it’s a passenger vehicle. You also don’t have to choose a new car, you can even choose a used car if that’s what you prefer to do, although some conditions also apply. Contact us to learn more.
What benefits does Novated Leasing offer me as an employee?
As an employee, there are two large benefits associated with a Novated Lease. These are significant income tax reductions and GST savings for the life of the Novated Lease. Your vehicle’s running costs (including fuel/charging and maintenance) are also forecasted over the life of the lease, ensuring there are no nasty lump sum payments if and when any large repairs are required.
How do employers benefit from Novated Leasing?
From helping to provide a cost-effective transportation solution for all your employees, to helping you to attract, retain and reward your loyal employees, Novated Leasing offers a host of benefits for employers. Plus, there is no extra work or money you need to put in as an employer.
Do I need to drive the car a set number of kilometres to save money?
Whether you drive a little or a lot, a beCarWise Novated Lease is one of the easiest ways to save on your next vehicle. The amount you’ll save will vary depending on how many kilometres you drive, the purchase price of your vehicle and your gross salary, but rest assured we’ll find you the deal that offers you the biggest benefits.
I’m thinking of changing my job – what will happen to my Novated Lease?
Your payments and cards are linked to your employer, so if you do change jobs, the leasing company needs to know. You’ll need to fill out some forms for us – you can find those here. However, there are options! If you do change jobs, you’ll have three options to choose from:
Continue with monthly payments: With this option, you’ll be responsible for paying all of your monthly payments, as well as the costs for your vehicle out of your own pocket.
Renovate your lease: If your new employer agrees, you can renovate your lease with them. You’ll have access to the same fantastic benefits as with your previous employer.
Payout your lease early: When you take on a Novated Lease, you agree to lease the vehicle for a set period of time. If you break the lease early, you’ll need to pay the remainder left on the lease, along with the residual value of the vehicle (GST included). Essentially, this option means you’re buying the vehicle outright.
Continue with monthly payments: With this option, you’ll be responsible for paying all of your monthly payments, as well as the costs for your vehicle out of your own pocket.
Renovate your lease: If your new employer agrees, you can renovate your lease with them. You’ll have access to the same fantastic benefits as with your previous employer.
Payout your lease early: When you take on a Novated Lease, you agree to lease the vehicle for a set period of time. If you break the lease early, you’ll need to pay the remainder left on the lease, along with the residual value of the vehicle (GST included). Essentially, this option means you’re buying the vehicle outright.
What happens at the end of my Novated Lease?
A Novated Lease has a residual value (or balloon) payable at the end of the lease or at the point in which you elect to payout and own the vehicle outright. Generally, the longer the lease, the smaller the residual payment at the end of the lease. At the end of your lease term you have three options; pay full the remainder on your lease, sell the car, or refinance the vehicle by taking on a new Novated Lease. The choice is yours.
Have a question we haven’t yet answered? Visit our full list of FAQs here or contact us today.
Have a question we haven’t yet answered? Visit our full list of FAQs here or contact us today.
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