Hey guys,

I’m self employed, director of a small business in which my accountant manages all of my tax matters - personal/business/investment

I’m really NOT a numbers guy… and I’ve come to sort of realise as my wealth has grown, the “more you make, the more they take”… as in, every facet of your life becomes complicated, at least financially

I’m now looking at buying a new car in 2024. It will be 90% for work purposes. Currently with my vehicle, I just keep a spreadsheet of my expenses (fuel/insurances/costs) and let me accountant sort it out

The idea of a novated lease, in which I just go on auto-pilot sounds appealing. That being, it might cost me x per week, say $500, but then I know that every month, as a work asset/cost, I need to allocate $2k that wil cover off everything related to that car - fuel insurances etc, than that sounds appealing to me

EOFY if there is tax benefits, then great!

I know the lease company make money, but doesn’t everyone ? I’m yet to fully understand novated leases and why I should… or why I shouldn’t ?

Any advice is appreciated