Audi Finance Novated Lease

Audi Novated Lease (Salary Packaging)

If you are an employee seeking tax benefits, a Novated Lease may be a smart way to finance your vehicle. And if you are an employer, a Novated Lease can be a simple and cost-effective way to add value to your employees’ remuneration packages.

Put simply, it is an agreement between the employee, employer and Audi Finance that enables employees to purchase a new Audi from their pre-tax salary. Running costs and Fringe Benefits Tax can also be paid pre-tax by the employer and registration, vehicle insurance and on-road costs can be included as part of the package.

The Audi Novated Lease offers a number of benefits, including:

• Fixed repayments and interest rates
• Your choice of term from one to five years
• Flexibility with the choice of vehicle
• The opportunity to lease more than one vehicle
• Possible tax benefits even though your vehicle is used for private purposes

An Audi Novated Lease agreement specifies that the employer assumes the responsibility for lease payments (other than the residual value payment) for the period of the lease or until the employee leaves his or her employment, in which case the obligation to make the lease payments passes back to the employee. We recommend that you consult your accountant for more detailed tax advice.