Novated Lease | Audi Financial Services | Audi Australia

Salary Packaging & Novated Leasing - Audi Australia

Salary Packaging &
Novated Leasing

A Novated Lease is an excellent choice if you are looking to make the most of a salary package.

What is a Novated Lease?

A Novated Lease is simply an agreement between you, your employer and Audi Financial Services. We own the vehicle and your employer makes payments from your pre-tax income for an agreed length of time. If you leave your job, your new employer will have to take over the Novated Lease payments by renewing the novation agreement. As well as making life easier — it could also help you save money compared to the cost of buying a vehicle after tax.

Benefits

• Make the most of your salary package by paying for your new Audi from your pre-tax income
• Choose from terms of up to five years
• Pay no account keeping or annual fees
• Secure your Lease with your new Audi – no additional security required for approved applicants

At the end of your Lease

When your Novated Lease ends, you have the option to upgrade to the latest model with a new Novated Lease or make an offer to purchase it. Remember that if you leave your job, you will need to take over the Lease.

Benefits for employers

A Novated Lease can be a simple and cost-effective way to add value to your employees’ remuneration packages, helping you find and retain talented staff. Also, the repayments may be tax deductible.

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^* Recommended On-The-Road (OTR) retail prices include: delivery charge, half a tank of fuel, number plates and first registration fee at £55.00 and Vehicle Excise Duty.

Recommended On-The-Road (OTR) retail prices shown are based on the current 2016/2017 VED rate and will be updated on 1 April 2017 to the new 2017/18 VED tax
As outlined in the Chancellor of the Exchequer’s 2015 budget, the way Vehicle Excise Duty (VED) is calculated will change from Friday 1 April 2017 for the majority of vehicles. The first licence will continue to be calculated using the vehicle’s CO2 value, but subsequent licences will be based on a standard rate of £140. Vehicles with a list price exceeding £40,000 (including factory installed options, delivery charge, number plates and VAT) will pay an additional £310 plus the standard annual rate for a 5 year period. After the 5 year period only the standard rate will apply.
Further information is available from DVLA here: www.gov.uk/newvehicletaxrates

Price includes VAT and is calculated at 20% but this may alter to reflect any change in the applicable VAT rate.
RRP – Recommended Retail Price includes VAT and is calculated at 20% but this may alter to reflect any change in the applicable VAT rate.
Prices quoted in the Audi Configurator are Audi UK’s recommended On-The-Road prices and may vary from time to time. It is always possible that, despite our best efforts, some vehicles may be incorrectly priced. Always finalise prices with your local Audi Centre.

Please check model availability and full specification details with your Audi Centre prior to ordering. Neither Audi nor Audi Partners can accept contractual responsibility for your reliance on the information contained in the Audi Configurator.

Performance figures and specifications relating to Audi vehicles are indicative only and performance cannot be guaranteed. Performance figures and specifications may be updated on this site from time to time, when new test results are available. Your local Audi Centre can always provide you with the most up-to-date information available.
Written and visual depictions (including photographs) of vehicles, are for illustrative purposes only and should not be relied upon. Some illustrations may not accurately reflect UK specifications (including paint and trim colours) and may not be available. If in doubt always contact your local Audi Centre.

When you purchase a vehicle or any vehicle maintenance services from an Audi Centre, your contract is always with the Centre and not with Audi UK. Any concerns you have in relation to the purchase of a vehicles should always be directed to your Audi Centre.