Benefits to Employees
What is a Novated Lease?
A novated lease has become an increasingly popular form of vehicle financing over recent years. It is a 3 way agreement between the employee, their employer and the financer where the employee “novates?their obligations under the lease to their employer. The employee salary sacrifices some of their Pre Tax income and the employer agrees to be responsible for making the lease payments to the financer.
Because it is still your car, if you change jobs then you can take the Novated Lease and the car with you. At the end of the lease you have the choice to purchase for the residual and keep, sell or trade.
It combines many features of more traditional forms of vehicle finance to deliver benefits for both the employee and employer.
Benefits to the employee:
Greater flexibility with the choice of vehicle
Financing of the vehicle may be paid with pre-tax dollars
He/she has the option to own the vehicle at the end of the novated lease termBenefits to the employer:
An easy and cost-effective way to add value to an employee’s remuneration package
We arrange all lease documentation & requirements
We can integrate with motor vehicle acquisition, fleet management and salary packagingWhy choose Eziway Salary Packaging for Novated Leases?
Eziway Salary Packaging has strategic alliances with leaders in the fleet management industry providing leasing, finance and fleet management services tailored to suit individual circumstances.
Why choose Eziway Salary Packaging?
Handle all applications online
Access to online vehicle procurement and trade in disposal ensuring a transparent and probity rich environment
Relieve you from negotiations with financiers and motor vehicle dealers
Have a low administration fee
Handle all the messy time consuming administration of salary packaging
Provide reliable, accurate and real time web based reportingIf you wish to abtain a quote Novated Lease Enquiry
Go to ATO website for FBT car calculator to learn about the texable value of a car fringe benefit.
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| Welcome to Eziway | |||
EZIWAY Salary Packaging specialises in salary packaging administration and ongoing support services to employees of PBI's, Public Hospitals, Aged Care, Disability and Community Support services from the not-for-profit sector. Our Focus, Unique custom built Web-based system, Flexibility supported by a Personalised onsite service has helped thousands experience the EZIWAY in salary packaging. |
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