What is Novated Leasing
A novated lease can be a great way to get a new car and pay less tax. We'll explain what they are, how they work, and their benefits and drawbacks.
We want to make sure you are all smiles when you get your new car. This is why if you buy through OnlineAuto and finance your car through loans.com.au, we’ll send you a $250 fuel voucher! We can put you in touch with a car finance expert to help you from application to settlement and throughout the life of the loan.
This is just another way OnlineAuto is your best friend for buying a new car from finance to sourcing, delivery and even insurance. We’re here to make your car buying experience easy and stress free, no matter where you are in Australia.
Applying for a car loan is quick and easy. To make the process more seamless, we recommend you prepare a pay slip or two, the proposed vehicles details, a list of your assets, liabilities and your proposed settlement date.
Typically to be eligible for a car loan, you’ll need to hold Australian citizenship or permanent residency, be over the age of 18, and earning some income. There may be further eligibility requirements depending on which lender you go with.
Luckily at OnlineAuto we are part of the Firstmac Group, meaning we can offer a variety of car finance options no matter what your situation is.
There are a few benefits to getting car finance instead of paying cash. For example, depending on the lender you may be able to borrow up to 100% of the car’s purchase price, which means even without a deposit or savings you can buy a car quickly. You may also need your savings for other expenses, making smaller, regular car loan repayments a better option. In addition, if you are buying a car for business purposes your car loan interest repayments may be tax deductible.
There are a number of different types of car loans available from various lenders. These include: