Novated Lease Benefits

What is a Novated Lease?

A Novated Lease has become an increasingly popular option to finance a new or late model used vehicle. It is a 3 way Agreement between an employee, their employer and the financier where the employee agrees to novate their obligations under the lease to their employer.

It's a simple arrangement where the employee agrees to salary sacrifice a portion of their pre-tax income and the employer agrees to make the lease payments and any other items on behalf of the employee to the financier.

Benefits to the Employee;

• Flexibility on choice of motor vehicle
• Financing of the motor vehicle paid in pre-tax dollars
• Significant Tax Savings

Benefits to the Employer;

• An easy and cost effective method of adding value to an employee's remuneration package
• Eziway arrange Quotations, Benefits Analysis and Lease documentation requirements
• Eziway can arrange motor vehicle aquisition, fully maintained options and salary packaging impact value

If you wish to obtain a quote please contact David Franek, our Eziway Novated Lease specialist on (03) 87685777.