Ah, the novated lease – the corporate car lease with a side of tax wizardry. Toyota Finance offers novated leases that let you salary-package your vehicle, bundling the car payments, fuel, maintenance, and insurance into one neat deduction from your pre-tax income. It's a clever way to drive a new Toyota (or any Toyota Finance-approved ride) while potentially saving some tax dollars.
Typically, these leases run for 1 to 5 years, with options to include running costs. New novated leases usually start around $30,000 AUD for entry-level Toyotas, with used lease options available through various brokers or platforms like Tradingpost. Key specs depend on the chosen Toyota, naturally—think fuel efficiency, engine size, and safety tech.
Before signing up, it's wise to check the fine print on residual values, lease inclusions, and GST treatments. And of course, confirm all details with Toyota Finance or your HR department.
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