An Oly novated lease could save you money. It could also remove a lot of the hassle that comes with owning a car.
Once you’ve decided on your car (yep, Oly can help with that too!), Oly will set up a simple annual budget that bundles up all those pesky running costs – that’s petrol, servicing, rego, insurance and the car itself, obviously – into one regular payment.
Then, once you get your car, that payment gets taken directly out of your pay using a combination of your pre- and post-tax salary. If you’re leasing an eligible electric car under the government EV Discount, the payment is all taken before tax.
Let’s break all those benefits down:
- Buying power
Since Oly buys so many cars from dealerships across the country, you’ll get access to some pretty amazing deals. - Tax
Some (or all) of your payments are made with pre-tax dollars, so your taxable income may be reduced. That means you could pay less tax! Even better – there is no upfront GST cost to you on your new ride either. - Less hassle
Oly sorts out all the administrative stuff, including finding your new car, dealing with the money people, and maintaining your precious car. That means less stress and more time cruising with the windows down. - Better budgeting
That one regular payment includes your car lease payments AND all your running costs. That means no more of those terrifying last-minute registration or insurance renewal bills. - Flexibility
With Oly, you can choose the car you want to drive, whether it’s new, used or the car you’ve already got.
Oly has the answer to most common questions: check out the full FAQs list
Disclaimer: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Employers should independently consider whether a benefits program is appropriate for their organisation and seek advice where appropriate. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your organisation’s approval. Oly may receive commissions in connection with its services.