05/03/2024
Want to save thousands with OptIn 💰 ?
Looking to save thousands? OptIn has the solution for you! Novated leasing is gaining popularity among Australian drivers for its substantial cost savings. At OptIn, we offer novated leases that allow individuals to use pre-tax salary to cover car expenses and running costs, leading to significant reductions in annual income tax payments.
Novated leasing, representing about 5% of the new car market in 2022, is on the rise as more individuals discover its potential for transforming car ownership into a source of substantial savings. Known for its simplicity and financial benefits, novated leasing stands out when compared to traditional financing methods.
Consider this: A novated lease can result in significant tax savings. Take the example of someone earning $120,000. Leasing a new Tesla Model 3 through a novated lease could lead to potential annual savings exceeding $9,000 and a total tax saving of over $45,000 over a five-year lease.
The recent legislative exemption from Fringe Benefit Tax (FBT) for electric vehicles (EVs) priced below the luxury car threshold has further boosted interest in novated leases for EVs. This exemption allows individuals to deduct the entire lease and running costs from their pre-tax salary, making EV ownership more financially viable.
The appeal of bundling all car expenses into one manageable payment has attracted individuals to novated leases, providing financial predictability and eliminating surprises associated with service or registration renewals.
For a cost-effective solution tailored to your unique situation, our novated leasing experts are ready to guide you and maximize your savings. Get in touch today:
📞 Call - 1300 959 528
🌐 Visit - optinaustralia.com.au
