Drive your dollar further – a guide to claimable items on your novated lease.
With the cost of living constantly rising, novated leasing is quickly becoming one of the most popular ways to purchase a vehicle. Not only can you save on the purchase price of the vehicle, but did you know there are also further savings to be had by claiming eligible vehicle related expenses?
With a novated lease you forego a portion of your pre-tax salary to pay for your vehicle and its associated running costs. This means your taxable income is reduced, resulting in more money in your back pocket. With that said, it’s important to understand exactly what you can claim to ensure you’re maximising your savings and taking full advantage of this great benefit.
So, what can you claim?
- Fuel/Charging
- Annual Registration & CTP
- Comprehensive Insurance
- Servicing & Maintenance
- Roadside Assistance
- Tyre Replacement
- Car Wash
All these items are budgeted for as part of your regular lease repayments on your novated lease, so any potential “bill shock” is eliminated – you don’t even need to worry about remembering to pay your rego, we’ve got it sorted!
Remember, the team at Kooya are here to help. If you’re ever unsure about what you can claim, or you have any questions, contact us and we’ll help ensure you’re making the most of your novated lease with us.