Discounted Maintenance & Servicing
Novated Lease
Put simply, it’s the cheapest way to drive your ideal car. A novated lease is a tri-partite arrangement between the employee, the employer and the leasing company, sanctioned by the ATO. It utilises tax free income for the employee to purchase their own car(s) – and also covers the running costs too. It’s calculated on the basis of a budget – so if your circumstances change, it can be revised.
It can and usually does include the following:-
Operating Lease
An Operating Lease is suitable for all GST registered businesses, including not for profits – it provides the use of the vehicle for an agreed period, at an agreed amount of kms, with a range of services included.
A key benefit is that the client doesn’t own the vehicle.
The client therefore has no risk on disposal / used car values (this risk is underwritten by the leasing company) as the vehicle is simply returned at the end of the contract – providing a valuable safety net.
Working capital remains within the business, giving a better return on investment
This provides a valuable budgeting tool – so no nasty surprises!