Novated Vehicle Leasing -
Personal, flexible, tax effective remuneration.
For businesses
- Attract and reward the best employees in a way that they will value highly.
- Remove the administrative task of disposal of vehicles where an employee is no longer with the company.
For employees
- An expert personalised service to find the best leasing solution to take advantage of Salary Packaging.
- Have to have more flexibility in the car you choose to drive.
A novated lease allows you to deduct all running costs of your vehicle including FBT from your gross salary and have the responsibility of making the payments transferred to your employer. Novated leasing - Unique advantages.
Did you know?
- A novated lease can reduce your fuel cost to 80c per litre* as a result of no GST and pre tax charging.
- FBT is not a bad word if the percentage you pay is less than your marginal tax rate.
- A novated lease allows you to lease a new or second hand (with some limitations) vehicle.
- Your existing privately owned vehicle may be sold and leased back to you under a novated lease and if you sell it at a profit at the end of the term, this is tax free.
- At the end of the lease you have the option of purchasing the vehicle for it's residual value or refinancing it for an additional time to progressively claim ownership.
- If vehicle is sold at a profit, the profit is tax free.
Everyone wants the best value with peace of mind. Of course price has to be right but so do many other factors such as vehicle choice, operating costs, retained value and tax effectiveness.
*This is the net effect of defeating the GST and pre-tax changing
We give you:
- Personalised advisors. No call centre.
- A thorough explanation of all the options and their implications.
- A clear understanding of all rights and responsibilities.
Click here to download our finance application form