Novated Lease
Great for employer and employee.
A novated lease is typically used to finance motor vehicles. It is an agreement between the employee, employer and a financier. The employee is responsible for the vehicle so is able to take it to their next job.
Advantages and applications.
With a novated lease, the repayment of the loan is solely the responsibility of the employee. It offers salary sacrificing advantages reducing the employee’s overall tax.
There is no up front lump sum or deposit required, though there will be a residual or balloon payment. Finance terms are typically three to five years.
- Cars and all types of luxury vehicles
- Trucks, utes and vans
Complete a Novated Lease application without obligation, click here. Or phone 1800 358 658 to talk with one of our motor vehicle finance experts.
"I have recommended their services over the years to numerous colleagues, because they are experts in our industry."
Read more...
