Leasing a vehicle is something that was mostly available to businesses or self-employed individuals.
However a novated car loan allows for you as an employee to experience the tax benefits of leasing a car. How it works is you sign a finance agreement, while your employer actually makes the payments taking the money out of your pre-tax pay.
Once a least expires, there are several options available to you, including changing the vehicle or even buying it out buying it outright.
As an employer, you get the benefits of providing your employees with their preferred vehicle without the overhead of a company car.
Compare our novated car loan products below.
Advantages of Novated Car Loans
Lease a vehicle without an ABN number
Reduce your taxable income
As an employer, you don't need to provide a company car as the employee owns the vehicle
Give your employees the choice of vehicle