Generally you’ll be alright, as we do allow a little fat in our budgets during the planning process. We’d rather you were able to absorb a cost like that, as opposed to running into financial difficulties at the first unexpected event to come your way.
The whole point of novated leasing is to save money, and to allow yourself the peace of mind of having a set, monthly expense for your car.
Not all novated leasing companies have the same attitude however. Some will strip the budgets back to the bare minimum, just to get you to sign on the dotted line. A couple of months into the lease, you suddenly find your budgets are woefully inadequate, and you’ll have to increase your payments. But hey, by then you’re a customer and locked into a lease term – so they don’t care.
If you dig deep enough, you’ll find that many of the so called ‘cheaper’ novated leases out there, are playing this very game.
If there is, however, a totally ridiculous expense that blows your budget out of the water – then we can arrange a one-off pre-tax payment with your employer.