What is a Novated Lease? How to calculate Pre & Post Tax Deductions Accurately to Maximize Benefits

0:10 - Intro and Disclaimer
0:20 - Definition
0:44 - Benefits of Novated Lease
03:06 - Fringe Benefit Tax (FBT)
06:02 - Budgeting for your car
06:28 - Novated Lease Example with numbers
07:29 - FBT base value to be used in our example
08:14 - What is Residual value or Balloon payment ?
09:52 - Calculating loan payment using different online tools
13:01 - Fuel calculations
17:15 - Tyre budget calculations
18:21 - Budget for maintenance
19:16 - On Road Costs for your car
20:25 - Calculating pre and post tax amounts for Novated Lease

This video offers a deep dive into the world of novated leases, a strategic financing solution designed to empower you on your automotive journey. We navigate the intricacies of this option, placing you firmly in the driver's seat of your financial future.
Our in-depth analysis dissects loan payments, on-road costs, and ongoing expenses, leaving no stone unturned. We employ clear and precise calculations to demystify each component, ensuring a thorough understanding.
Discover how novated leases optimize your car ownership experience by strategically distributing costs and maximizing tax benefits. Whether you're a seasoned car enthusiast or a newcomer to financing, our expert insights and practical strategies empower informed decision-making.
This video unlocks the knowledge needed to confidently navigate the path towards your dream car. Gain clarity, eliminate uncertainty, and unlock the freedom of driving your desired vehicle. Take control of your finances and turn your automotive aspirations into reality. Don't miss this opportunity – watch now and unlock the power of novated leases.

Loan Calculator:
https://www.finder.com.au/novated-lease-calculator
https://www.strattonfinance.com.au/calculators/car-loan-calculator

https://www.ratecity.com.au/car-loans/calculator
https://www.volkswagen.com.au/app/locals/finance-calculator

https://www.loansdirect.com.au/amortization-calculator/

———————For Comparison ———————————————————

https://www.westpac.com.au/personal-banking/personal-loans/car-loan-calculator/

https://www.westpac.com.au/personal-banking/personal-loans/car-loan/
https://www.westpac.com.au/personal-banking/home-loans/all-interest-rates/

https://www.ratecity.com.au/car-loans/new-cars/
https://www.ratecity.com.au/home-loans/

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ATO CAR LImit

https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/simpler-depreciation-for-small-business/assets-and-exclusions

Luxury Car Threshold
https://www.ato.gov.au/tax-rates-and-codes/luxury-car-tax-rate-and-thresholds

Fringe Benefit Tax Threshold
https://www.ato.gov.au/tax-rates-and-codes/fringe-benefits-tax-rates-and-thresholds

How much Australian income tax should you be paying?
https://moneysmart.gov.au/work-and-tax/income-tax-calculator
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