Looking for a smarter way to finance your current car?
Associate leasing could be the perfect solution!
What is Associate Leasing?
It's a tax-effective arrangement allows your spouse, partner, or even a family trust to lease a car to your employer, which is then provided to you through a pre-tax salary sacrifice agreement.
This structure unlocks the benefits of novated leasing including GST savings on your cars running costs including fuel, maintenance, insurance, and repairs. Plus, you make all running cost payments from your pay before it is taxed, so more tax savings!
Offering significant financial benefits and makes managing your vehicle costs more affordable.
How Does Associate Leasing Work?
An associate lease involves a simple two-step process:
1. Your associate (such as your spouse or partner) leases an existing or new vehicle to your employer.
2. Your employer then provides the vehicle to you as part of a salary packaging arrangement, allowing you to cover running costs with pre-tax income.
By structuring your vehicle financing this way, you can unlock additional tax benefits and reduce the overall cost of car ownership.
What Are the Benefits of Associate Leasing?
✅ Save on GST
Running costs like fuel, maintenance, insurance, and repairs are GST-free, reducing your expenses significantly.
✅ Income Tax Savings
By paying for running costs with pre-tax income, you lower your taxable salary, leading to substantial tax savings.
✅ Flexibility in Vehicle Choice
You can use an existing vehicle or lease a new one under the associate leasing arrangement.
✅ Retain Asset Ownership
Since the car is leased by your associate, ownership remains within your household rather than with your employer.
Who Can Be Your Associate?
Your associate can be:
- Your spouse or partner
- A family member
- A family trust or company
This flexibility allows you to structure the lease in a way that best suits your circumstances.
Is Associate Leasing Right for You?
If you’re looking for a tax-effective way to manage your vehicle costs and maximize savings, associate leasing could be a great fit.
However, it’s important to understand the specific rules and eligibility criteria that may apply. Speaking with a novated leasing expert can help clarify how associate leasing could work for your circumstances.
To organize a consultation with your specialist, let us know what car you're interested in leasing using our calculator and fill in your details. Your dedicated novated leasing specialist will reach out to help walk you through associate leasing benefits for you!
Get Started Today!
If you’re ready to start saving on your car expenses, request a quote today and see how much you could benefit from associate leasing! Our team is here to guide you through the process and ensure you get the most out of your lease arrangement.