Novated Leases Explained: Are They Worth It In Australia (2026)?

A novated lease can legally reduce your taxable income, save you GST, and bundle all your car costs into one simple payment. But get it wrong, and you'll pay more than you saved. In this video, I break down exactly how novated leases work in plain English: the three-way agreement between you, your employer, and the leasing company, how payments come out of your pre-tax salary, and the one tax (FBT) that can quietly wipe out all your savings if you don't structure it correctly. What's covered: What a novated lease actually is How you could save ~$5,500/year in tax at a $100k salary Fringe Benefits Tax — the catch nobody talks about Why EVs are a game-changer for novated leases right now The 3 most common mistakes people make Who this actually makes sense for (and who should avoid it) 🌏 Newsletter Sign Up: https://brentcoleman.kit.com/377eedf82c // SOCIAL 🌏 Follow Me On Instagram @brentcolemaninvesting 🌏 Subscribe at: youtube.com/c/BrentColeman?sub_confir... // CONTACT For business enquiries, please reach out to me at [email protected] // INVESTING PLATFORMS I USE ✅ Sharesies: Get $5 FREE For Signing Up - https://app.sharesies.com/sign-up?ref... ✅ Hatch Invest NZ: Get $10 FREE - https://app.hatchinvest.nz/share/hmwy... ✅ Moomoo: Up to 38 Free Stocks - https://start.moomoo.com/03ktwJ // PORTFOLIO TRACKERS I USE ✅ Sharesight: Get 4 MONTHS FREE - https://www.sharesight.com/brentcoleman/ ✅ Navexa: Get 20% FREE - https://www.navexa.io/?fpr=brent79 or code BRENT20 // FINANCE APPS I USE ✅ InvestingPro: Get Up To 55% Off Here: https://www.investing-referral.com/br... ✅ Hnry: Get $25 FREE Here - https://app.hnry.io/r/BRENT82488 I include these links as they often provide a benefit to my viewers. I might receive a commission from these companies, or other third parties, in the case a purchase is made either using a link or signing up for a service via a code. This helps me create high-quality content and I thank you for your support. Disclaimer: I am not a financial adviser. This video is for education and entertainment purposes only. Seek professional help before making any investment decision.