![\"\"](\"https:\/\/www.privatefleet.com.au\/blog\/wp-content\/uploads\/2023\/11\/Finance-Lease-vs.-Novated-Lease.jpg\")
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So, you\u2019re getting a car \u2013 congratulations!<\/p>\n
No doubt you\u2019ve had many factors to consider along the way:<\/p>\n
But wait, if you\u2019re planning to lease a car, we have a question for you.<\/em><\/p>\n Since your wallet is on the line, this is one of the most important questions to ask when planning to lease a car.<\/p>\n In this article, we’ll break down the differences between a car finance lease versus a novated car lease to help you make an informed decision for your car lease.<\/p>\n Leasing is a great way to have full use of a car in your name without paying a large upfront cost. Instead of buying a car, leasing allows you to \u2018rent\u2019 a car for a longer period of time \u2013 typically 24-36 months \u2013 and make fixed monthly payments based on your leasing agreement.<\/p>\n As a general rule, the longer the lease is, the cheaper the monthly payments are and at the end of the lease period, you may have the option to buy out the vehicle should you decide to keep it. Otherwise, you can return it to the dealership and either start a new lease or buy a new car.<\/p>\n A car finance lease<\/a> is one of the most straightforward financing options available when buying a car, and it works like a long-term rental agreement.<\/p>\n Basically, it allows you to drive a vehicle for an agreed-upon amount of time while you pay the dealership a monthly fixed price for the usage of the car.<\/p>\n Another increasingly popular form of vehicle financing is the novated lease<\/a>. It works the same way as a car finance lease, the only difference is that it\u2019s a three-way agreement between you (the employee), your employer and the financier.<\/p>\n With a novated car lease agreement, the obligation to meet the repayments is with your employer. The repayments come from your income as a component of a salary sacrifice arrangement.<\/p>\n Take note: a car leased through a novated lease agreement is not considered a company vehicle, so you can use it for 100% private use without the need for logbooks. A novated lease can also have tax advantages since the financing of the vehicle is paid from your pre-tax remuneration package.<\/p>\n For more information about Novated Leases, check: Novated Leases with Private Fleet<\/a>.<\/p>\n Ultimately, there is no right answer. Choosing how you pay for your car lease is still a matter of personal preference and your financial circumstances.<\/p>\n If you don\u2019t want to worry about monthly repayments and you feel more secure knowing that your car lease is already taken care of every time you get your paycheck, then a novated lease may be for you.<\/p>\n On the other hand, if you have other sources of income that you\u2019re using to pay for your car lease other than your monthly paycheck, then a finance lease can be a great option.<\/p>\n If you still have questions and want to make an informed decision about which option may be right for your unique circumstances, simply reach out to us for a chat<\/a>.<\/p>\n Private Fleet<\/a> empowers you to gain all the benefits of a fleet purchase, but as a private buyer.<\/p>\n Backed by decades of vehicle industry experience, fleet buying power and a network of car dealers across Australia, we are here to ensure that leasing a vehicle will be as straightforward as possible for you.<\/p>\n Leasing a car is a memorable experience \u2013 let us make it hassle-free, too.<\/p>\n Reach out to us today for a seamless and easy car leasing experience and all the guidance you need around your financing options.<\/p>\n So, you\u2019re getting a car \u2013 congratulations! No doubt you\u2019ve had many factors to consider along the way: Purpose of the car. Check! Car model. Check! To lease or to loan? To lease – Check! But wait, if you\u2019re planning to lease a car, we have a question for you. What type of lease are […]<\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55,4049],"tags":[7754,259,367,75],"class_list":["post-15273","post","type-post","status-publish","format-standard","hentry","category-car-sales","category-new-cars","tag-car-financing","tag-car-lease","tag-novated-lease","tag-private-fleet"],"_links":{"self":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/15273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/comments?post=15273"}],"version-history":[{"count":4,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/15273\/revisions"}],"predecessor-version":[{"id":15279,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/15273\/revisions\/15279"}],"wp:attachment":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/media?parent=15273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/categories?post=15273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/tags?post=15273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What type of lease are you going to choose: a finance lease or a novated lease?<\/h2>\n
![\"\"](\"https:\/\/www.privatefleet.com.au\/blog\/wp-content\/uploads\/2023\/11\/type-of-lease.jpg\")
<\/p>\nWhat is a car lease?<\/h2>\n
<\/h2>\n
The benefits of both finance car leases and novated car leases<\/h2>\n
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<\/h2>\n
The difference between a Finance Car Lease and a Novated Car Lease<\/h2>\n
<\/h3>\n
What is a car finance lease?<\/h3>\n
<\/h3>\n
What is a novated lease?<\/h3>\n
<\/h2>\n
So, which one should you choose? Finance Lease Vs. Novated Lease<\/h2>\n
<\/h2>\n
Find the right car leasing option for your vehicle with Private Fleet.<\/h2>\n
NOTE: At Private Fleet, we are not car financiers, nor are we able to offer advice regarding finance leases or novated leases. As car brokers, our aim is to get you the best purchase price on any new<\/a> or used car<\/a>.<\/h5>\n
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The information given here regarding car finance leases and novated leases is for information only. However, if you would like to contact one of our preferred car lease companies, you may reach out to us to discuss your options.<\/h5>\n","protected":false},"excerpt":{"rendered":"