Frequently Asked Questions

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Question:

Who can benefit from a Novated Lease?

Answer:

Through the fully outsourced Madison Rewards Lease solution, the benefits of vehicle salary packaging can now be extended beyond senior management to a broader range of employees, including those in lower salary bands.

Employees who currently receive a tax-free car allowance or the use of a company vehicle may still benefit from the Rewards flexible salary packaging program by including a vehicle for use by their spouse or partner.

Related Questions

What should I do before I proceed?
How do I request a formal quotation or submit an application?
When should I start this process?
What vehicle choice do I have?
Can I lease a second-hand vehicle?
Can I source my own vehicle quotation?
What lease term can I choose?
What residual value will apply?
How does Fringe Benefits Tax affect my lease?
What happens to my credit application details?
How do I find out about details such as car services, tyres, etc?
Do I need to insure my vehicle?
Who is responsible for the payment of insurance renewals?
Who is responsible for the payment of registration renewals?
Can I add items to my car after delivery and have them accommodated through my package?
How do I know if I am traveling to budget?
What happens if I go on unpaid leave (e.g maternity leave, extended leave)?
If I change employment, can I novate the lease to the new employer?
What happens when my lease term expires?

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