Want A Novated Lease Now.
When pursuing a daunting financial endeavor, seeking savvy solutions and cost-effective alternatives is crucial. You can apply for a Car Finance by Stratton Finance otherwise one such fiscal exploit includes purchasing a car.
A novated lease is an agreement between an employee, their employer, and an appointed leasing company wherein the employer docks an employee’s pay as a means of paying off car payments. In other words, it’s a way for employees to remain honest and consistent with their car payments without losing either their car or job.
Employee Benefits Of A Novated Lease
- Fewer upfront costs
- Upgrades can transpire every two to three years
- Don’t have to pay GST
- Creates a favorable salary packaging plan
- Allows for greater savings
- Immeasurable convenience
- Save 10 percent on the cost of the vehicle
Employer Benefits of A Novated Lease
- Tax deductibility
- Neutral cost
- Administration and paperwork is handled off-site
- Lessened liability
- Employee goodwill
- Employee is responsible for payments should they decide to leave the company
Novated Leasing FAQ
Novated leasing is inherently complex. With that said, both employees and employers inevitably have their qualms about the process. For a better understanding of the matter, one should perform diligent research and speak to novated lease experts. At the very least, it’s recommended that individuals find the answer to some common misconceptions. Visit Stratton Novateed Lease www.strattonfinance.com.au/novated-lease This provides thorough and intelligible answers to your most burning questions.