Employer Benefits

As an Employer you can allow your staff to participate in salary sacrificing a motor vehicle and take advantage of tax savings.

A novated lease is a three way agreement between your employee, the lease company and you (the employer) under which the Employee leases a vehicle from the lease company, you make the lease payments on behalf of your employee and deduct the cost from the employee's pre-tax income by way of a Deed of Novation. Any FBT obligation is eliminated by utilising the Employee Contribution Method.

• No capital expenditure - great for balance sheet
• Better containment of vehicle costs
• Straightforward and meaningful monthly reporting available online 24/7
• Promotes a consistant vehicle policy that still allows individual choice
• May be offered to all levels of salary-packaged staff within an organisation
• Assists with staff recruitment and retention
• Obligation ceases if the Employee leaves your business