When the Howard Government introduced Goods and Services Tax back in 2000 Australians from Perth to Hobart and everywhere in between let out a collective groan. Nobody likes paying more for the same and equally nobody enjoys paying more tax. So what has this got to do with Novated Leasing? Simply put Novated Leasing is your shield to avoid any unnecessary GST payments on the purchase and maintenance of your new or second hand vehicle. The minimisation of GST is one of the most important elements of Novated Leasing and knowing how it operates can help you maximise your savings.
The vehicle purchase price
As well as saving with fleet discounts Novated Lease customers can also save GST on the purchase price of their vehicle. This saving is significant especially on new vehicles as the price always includes extras and additions.
The vehicle purchase price
As well as saving with fleet discounts Novated Lease customers can also save GST on the purchase price of their vehicle. This saving is significant especially on new vehicles as the price always includes extras and additions.