Novated Subscription: Upgrade Your Car Anytime—and Save on Tax!

Imagine driving the car of your dreams, with the freedom to switch to a better model whenever you want—every month, if you choose. No long-term contracts, no commitments—just unlimited vehicle options at your fingertips. Best of all, your car payments are bundled and deducted straight from your salary, maximising your tax savings.

Think it sounds too good to be true? Meet the carbar Novated Subscription—the more flexible, hassle-free cousin of the Novated Lease.

Novated Subscription, Simplified

A Novated Subscription works similarly to a Novated Lease by allowing you to access a vehicle through a salary sacrifice arrangement with your employer. Your car payments, including subscription and running costs, are bundled and deducted directly from your payroll. This setup not only streamlines your payments but also reduces your taxable income—delivering convenience and savings.

However, the Novated Subscription offers distinct advantages:

No Lock-In Contracts: Unlike traditional leases that can last 3-7 years, the carbar Novated Subscription gives you the freedom to drive a car for as long as you need. Cancel or swap cars with just two weeks' notice—your choice, your convenience.

Flexible Weekly Payments: With a carbar Novated Subscription, you make one simple weekly payment, not monthly, giving you more flexibility and control over your finances.

All-Inclusive, No Hidden Costs: Your weekly payment covers everything—car, maintenance, registration, insurance, and running costs. No hidden fees, no surprises, no exit costs.

Experience the flexibility and simplicity of carbar’s Novated Subscription today!

Are You a Free Spirit? You’ll Love These Benefits

We love Novated Leases—they're practical, and we offer them. But let’s be honest: no one signs a Novated Lease for flexibility. You’re usually locked in for at least two years. With a Novated Subscription, however, you get the freedom to explore without the constraints of long-term contracts, complex invoicing, or excessive costs.

• No Minimum Term: Fancy cruising the coast in a convertible this summer, then swapping it for a rugged Range Rover to explore the Outback? With a Novated Subscription, you can! You’re free to switch or cancel your car at any time with just two weeks’ notice—no strings attached.

• One Simple Payment: Forget about juggling paperwork. All your car-related expenses—registration, insurance, maintenance—are bundled into one easy weekly payment. The only extras you need to think about are fuel, tolls, and EV charging. Focus on the road, not the admin.

• Low Upfront Costs: No hefty security deposit required! All you pay is the cost of the car and the first four weeks of use. It’s as simple as that.

• Maximise Tax Savings: With payments deducted from your pre- and post-tax salary, a Novated Subscription helps lower your taxable income. Plus, you won’t pay GST on the vehicle, boosting your savings even further.

• Drive Any EV You Want: Curious about electric vehicles? Try one with a Novated Subscription. Skip the high ownership costs and enjoy FBT exemptions on certain low- or zero-emissions vehicles—perfect for those passionate about sustainability.

• Employer-Friendly: With AASB 16 requiring businesses to report car leases, managing a fleet can be a headache. But Novated Subscriptions are exempt from these regulations, simplifying accounting and reducing reportable debt.

A Novated Subscription lets you live with the ultimate flexibility and ease. Ready to hit the road?

Taking the Plunge

Intrigued? Getting started with a Novated Subscription is quick, easy, and stress-free.

Here’s how it works:

• Choose Your Car: Whether it’s a sleek new model or a trusted used vehicle, find the one that sparks joy—at a dealership or online through platforms like carbar.

• Consult the Experts: Reach out to a Novated Subscription provider (like us!) for a free, no-obligation quote. We’ll answer all your questions and guide you through the process.

• Finalise the Agreement: Have a quick chat with your employer to arrange for the car payments to be deducted from your pre- and post-tax salary. It’s that simple!

• Enjoy the Ride: Once everything’s sorted, pick up your car and hit the road! Your employer handles the payments, while you enjoy the drive.

• Stop or Swap Anytime: Found another car you love? No worries — just give us two weeks’ notice, and you can swap or stop your subscription whenever it suits you.

Ready to take the plunge? Start your journey today!

What If Your Car’s the One?

The heart works in mysterious ways. You could find yourself becoming attached to the car you're subscribing to and wishing that you could make it yours. Or at least keep it for longer. Fortunately, that’s an option you have.

• Want to buy? - You only have to ask for a price to purchase the car and your car subscription service will work with you to find out if buying is a cost-effective option for you.
• Need more time to decide? - Alternatively, if you’re not ready to commit to a purchase yet, you could always convert your Novated Subscription to a Novated Lease.

Either way, we help compare the costs of financing without any impact to your credit rating. That way, it’s easy for you to weigh the costs of buying or financing the car versus subscription.

Are you ready to drive the best cars, the smart way with carbar? Or do you have more questions? Call 1300-620-684 or email us today.