A Self-Managed Novated Lease Puts You in the Driver’s Seat
Opting for a self-managed novated lease means you’re not confined to your employer’s preferred novated leasing arrangements. Instead, you have the freedom to:
Select Your Vehicle: Pick the car that fits your lifestyle, without restrictions from dealerships or brands.
Choose Your Financier: We’ll help you select an option that’s right for you best suited to your financial situation.
Get Support When You Need it: We’ll work with your employer’s selected salary packager, providing any support and assistance along the way.
Setting up a self-managed novated lease doesn’t have to be complex and time consuming, so if you’re wanting to choose a self-managed novated lease option, our team at beCarWise are here to help.
How a Self-Managed Novated Lease Works with beCarWise
Get in touch with us to get started.
Find your dream car with as little or as much help from our team.
We’ll help you choose the right finance option through our range of lenders, whilst guiding you through the application process.
We’ll work with your employer’s selected salary packager on your behalf, who will administer the ongoing operating costs and salary deductions of your lease.
All that’s left for you to do is to enjoy your new ride!
It just makes sense to choose a Novated Lease when buying your next car.
Talk to us today!
You won’t look back when you make the switch to a Novated Lease on a car.
Simply fill in your details below and one of our friendly consultants will be in touch to tell you more.
Frequently Asked Questions
What are the benefits of a self-managed novated lease?
The primary benefit is greater control over your vehicle financing and associated costs. By sourcing your own finance and managing expenses, you can tailor the lease to your financial goals and potentially achieve cost savings.
Can I still enjoy tax benefits with a self-managed lease?
Yes, self-managed novated leases still offer tax advantages. Lease payments are made from your pre-tax income, which can reduce your taxable income and lead to tax savings.
Is a self-managed lease more time-consuming?
Managing the lease yourself does require more involvementHowever, this effort can be offset by the financial benefits and the satisfaction of having full control over your vehicle expenses.
What happens if I change jobs during the lease term?
If you change employers, you can transfer the lease to your new employer, provided they agree to the salary sacrifice arrangement. We also recommend discussing this with your new employer beforehand.
Otherwise, 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.
Otherwise, 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.
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