Entering into a novated lease provides benefits for both the employer and the employee. A novated lease is a method of salary sacrificing. By financing a car through a novated lease you are paying for your vehicle from your pre-tax income. A novated lease program also provides you with the opportunity to pay for the running costs of your vehicle from your pre-tax income. Running costs include petrol, registration, servicing and insurance. Most companies will also allow you to finance your partner’s vehicle from your pre-tax income. This literally can save you thousands of dollars each year in tax.

By taking advantage of a novated lease program you have the benefit of using your own vehicle and not at the mercy of using a company car that is used by many other employees. It also alleviates the problem of moving your belongings from one vehicle to the next.

Employers are welcoming of novated lease programs because it means it is an incentive for attracting new staff and retaining existing employees. It also alleviates the need for company cars which require constant upkeep, such as insurance, registration and servicing. Company cars are a depreciating asset, which are constantly bought and sold depending on the number of employees. They also take up unnecessary car space.

To find out more about a novated lease speak to one of our friendly professional staff members. We are here to help and guide you through our novated lease program. Call us on 1300 887 967 to take advantage of this salary sacrificing method.