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All Novated Leases are required to have a residual value at the end of term. Many people still refer to residual values as balloon payments. The payment is designed so that the asset is not paid off completely in line with the vehicle’s depreciation schedule. The value is known at the start of the lease … Continued

Navigating the end of a Novated Lease can be confusing, but with Positive Salary Packaging, you can have peace of mind. Our expert team will guide you through the process, explaining your options and helping you make the best decision for your unique situation. Whether you choose to buy the vehicle, trade it in, or … Continued

Your next lease may be electric! Electric Vehicles, EVs, battery vehicles, undoubtedly you have heard about them. Though you probably haven’t actually heard them in person due to the lack of an internal combustion engine. Electric cars are finally coming into the limelight, and more people are buying them than ever before. If you’re in the … Continued

Using a Novated Lease on your used car can help save Australian employees thousands of dollars in the long run. If you have any doubts about whether you can use a Novated Lease to finance your next used car, here’s the lowdown on this innovative form of financing. What is a Novated Lease? A Novated … Continued

At Positive Salary Packaging, we often get asked by clients about what items can be included in their novated lease to help maximise their tax benefits. One of the key benefits of the novation is the budgeting component that helps remove large expenditures on the anniversary of your vehicle purchase. The cycle of having an … Continued

Changing jobs can bring about numerous considerations, and if you currently have a novated lease, it’s important to understand how it may be affected. Let’s talk about the implications of changing employers on your novated lease and provide valuable insights to help you navigate this transition smoothly. The Impact of Changing Employers on Your Novated … Continued

Key Points: The Tesla Model Y is an all-electric compact SUV that stands out with its impressive performance, advanced technology, and spacious interior. Here are some essential aspects of this vehicle: Highlights: Considerations: Specifications: Model Y RWD: Model Y Long Range: How much does the Tesla Model Y Long Range cost? The Tesla Model Y … Continued

Luxury cars, often associated with elegance and style, can introduce financial complexities, especially when integrated into novated finance leases. To give you clarity on this, we explore insights into the treatment of luxury cars under novated leases and the importance of the luxury car adjustment (LCA) sometimes known as luxury car charge (LCC). Let’s start … Continued

When it comes to acquiring a vehicle for business use, businesses have several financing options at their disposal. Two popular choices are novated leasing and chattel mortgages. While both options have their merits, this blog will explore why novated leasing might be a superior choice for business driving needs. Novated Leasing Demystified Novated leasing is … Continued

In today’s competitive job market, employers are continuously seeking ways to attract and retain top talent. Offering attractive employee benefits can make a significant difference, and one such benefit is a car allowance combined with a novated lease. This powerful combination not only enhances an employee’s financial well-being but also contributes to job satisfaction. Let’s … Continued