I am looking for a novated lease on a motor vehicle ($50000.00). To save on interest, is that possible to pay an upfront payment on the car, say 50%?
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Often employees can make upfront payments towards the cost of a novated lease in a bona fide lease agreement. However, whether and how you can will depend on the lease company, so get in touch with them to find out. :)
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Often employees can make upfront payments towards the cost of a novated lease in a bona fide lease agreement. However, whether and how you can will depend on the lease company, so get in touch with them to find out. :)
Thanks kindly for your response,
If I pay 50% of the car cost upfront when signing up for a lease, what is the value of the car that I can use for the deduction? The original cost of the car or the remaining 50% that I finance?
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