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If you need access to a vehicle but don’t want to take out a loan, a car lease could be a suitable alternative. You can rent a new or used car for a fixed term with no obligation to purchase it once the lease has ended.
While there are a variety of lease arrangements out there when it comes to cars, one option worth considering for those who are currently employed and have an employer who supports the arrangement is a novated lease.
A novated lease lets you rent the car you want using your pre-tax salary to reduce your taxable income. Your employer organises for your lease payments to be taken directly from your pay, leaving you free to use the car how you wish.
Selectus offer flexible novated leasing options for those working in education, government or the private sector. You can lease a new or used car for up to five years and choose to incorporate additional car running costs into your lease. Selectus will also help secure your vehicle from their network of dealers.
Find out if a novated lease from Selectus suits your needs in the review below.
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You can lease a new or used vehicle, or even your existing vehicle, for a term of one to five years. Once you have decided on a lease, you can submit a lease inquiry via the Selectus website and a staff member will contact you.
Selectus will then source your vehicle from a national network of over 850 dealers to help find the one that is right for you. You can also arrange for Selectus to add all other running costs, such as registration, fuel and maintenance in your regular lease repayment. You will use your pre-tax salary to pay for these costs as well.
The fees and costs associated with the lease will vary depending on both the terms of the lease and on any additional services included in the agreement. You can opt for Selectus to manage additional running costs such as fuel and insurance, which will then be included in your regular lease repayments.
You may also have to pay additional fees as part of your lease agreement and these will be detailed once you have submitted an application.
If you want to apply for a novated lease, you will need to click the “Go To Site” button above and then follow the instructions to begin the application process. You will need to provide the following information as part of your initial inquiry:
You will also need to provide further personal and financial details as part of the application process.
If you’re looking to lease a new vehicle, a Selectus novated lease may help you save on tax and let you package all running costs into a simple payment. As with any product, you should consider a range of leasing options before making a decision.