Top Cars for a Novated Lease in Australia
Novated car lease: the last decent tax break for employees.’ That was a headline on The Australian’s website just before the end of the last financial year, on 13 June 2017.
A novated car lease is an employee benefit that employers may want to consider offering more readily in their salary packaging offerings – not least because it lets employees have a good car that will likely cost them less per annum than the car they’re currently driving.
It’s a win win. The employer gets to offer a hassle-free benefit to staff and employees get to drive a vehicle that might normally be out of their league through a salary package reduction.
Neither party has to worry about budgeting for fuel, maintenance, insurance or even when it comes to the end of the lease – these can all be handled by the leasing company.
There is no shortage of choice of vehicles with a novated lease, so which ones win in the popularity stakes?
Popular vehicles for novated leasing
The most popular vehicles for novated leasing in Australia are in that position because of the value they offer, and because they are leaders in their class.
They are reliable, great to drive, and some like the Toyota Hilux and Ford Ranger, are the go-to vehicles for tradespeople of all backgrounds.
Let’s take a look at some of the top contenders for novated leasing.
Toyota Prado
The Toyota Prado lease offers you a 2.8 L turbo diesel Prado GX, the poster car for tough elegance. At home in town or country, the Prado is built on the legendary Land Cruiser pedigree. There’s a 6-speed automatic or 6-speed manual, with towing capacity 3000kg braked (automatic only) and 750kg unbraked.
Ford Ranger
You can drive away a Ford Ranger XLT on a novated lease, taking advantage of its rugged good looks. One of the more expensive dual-cab ute offerings on the market, especially in top-spec XLT form, the Ranger is a popular choice for a novated lease.
Mazda 3
If urban driving is more your thing, look no further than a Mazda 3 novated lease. The FleetPartners’ novated lease package gives you the SP25 model, which has a bigger engine than standard (2.5 L vs 2.0) plus 18 inch wheels.
Mazda CX-5
Also from the Mazda stable, the CX-5 Maxx Sport AWD comes with a 2.5 L petrol engine. It includes a six-speed automatic gearbox, cruise control, a 7-inch screen with satellite navigation, Bluetooth/USB, climate control and 17-inch alloy wheels.
Volkswagen Golf
A VW Golf lease with FleetPartners gives you this zippy turbo 4 hatchback with 17-inch alloy wheels, electronic brake force distribution. Sleek and economical for those city runs.
Toyota Hilux
Finally, the Toyota Hilux 2.8 Turbo Diesel SR5 gives you double cab convenience and Toyota reliability. It comes with 18-inch machined grey alloy wheels, electronic 4x2 & 4x4 transfer switch and 7-inch touchscreen audio.
A great car without the hassle
A novated lease takes care of arranging servicing and repairs, fuel, registration and insurance – all the things an employee doesn’t want to worry about.
For the employer, the gains are in retention and recruitment because a novated lease is a great incentive for someone to stay with or join the organisation.
What’s included in a FleetPartners’ novated lease
- GST savings
- Tyres
- Maintenance
- Fuel
- No deposit required
- Dedicated consultant
- Budgeted Lease payments
- Registration
- Insurance
FleetPartners have regular Novated specials updated quarterly with negotiated discounts on top vehicles across Australia. Contact us here and see how you and your company can take advantage of a novated lease agreement.
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