Novated Leasing has become a very popular method of financing a motor vehicle for Australians.
The Aussie Chief has all the answers to your Novated Leasing questions...
Novated Lease Chief
We are committed to providing our customers with access to the best Novated Lease finance across Australia. Our primary goals are outlined below:-
- To produce high quality "up to date" Novated leasing information.
- To give you access to professional and experienced finance brokers.
- We use the world wide web to make this happen.
New Car Discounts
Fleet Discounts
"Buying a new car should be an exciting and pleasurable experience" The Aussie Chief explains. Read more...
New Car Discounts
Instant new car discounts for all clients, save time and hassle Read more...
Novated Lease Cars
Novated Lease Cars
New Cars, Used Cars, Private Sale Cars? How do these work with a Novated Lease? Read more...
Novated Lease FAQs
Novated Lease
You have the Novated Leasing questions? The Aussie Chief has all the Novated Lease answers.. Read more...
Other Finance Options
Car Lease
A Car Lease (also known as a Finance Lease) enables a individual or business to have use of a motor vehicle. Ownership remains with the finance lender until the residual is paid in full. Visit 1300 Car Lease...
Hire Purchase
Commercial Hire Purchase is a business finance product where the customer hires a motor vehicle from the finance provider or bank for a set monthly repayment over a set term. Visit Hire Purchase Chief...
Car Finance
Instant online car finance quotes for all finance options including Commercial Hire Purchase, Chattel Mortgage and Car Lease. Visit Car Finance Chief...
Novated Lease Options
Novated Lease
Novated Lease finance is a 3 way agreement between the employee, the employer and the financier. Read more...
Fully Maintained Novated Lease
A fully maintained Novated Lease is a motor vehicle package which includes all the running expenses such as car insurance, vehicle registration, petrol etc. Read more...
Novated Bike Lease
Yes you can now do a Novated Bike Lease! The Aussie Chief has all the information and can put you in touch with a Novated Bike Lease finance broker today. Read more...
Novated Operating Lease
A novated operating lease has no residual risk, the employee simply hands the motor vehicle back to the finance provider at the end of the car lease. Read more...
Fringe Benefits Tax
Novated Lease FBT
How does Fringe Benefit Tax or FBT relate to a Novated Lease? How is FBT calculated? and what is an employee contribution? The Aussie Chief explains it all. Read more...
Featured Finance Brokers
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Employee Benefits
Motor vehicle choice
Greater flexibility and choice of motor vehicle means you are happier and get to drive the motor vehicle of their dreams.
Through fleet management companies, you can also receive a fleet discount and savings on all new cars.
History
Employees reap the benefits of a Novated Lease through significantly increased disposable income, while employers are rewarded with staff loyalty and increased retention.
When structured correctly, a Novated Lease allows companies to increase employee's spending power without increasing direct costs. For example, with company cars under a novated lease, employers are able to hand the responsibility for the vehicle back to the employee when the employee leaves. The result is that the company is not left with an idle or unwanted car, and the employee gets to keep a well serviced car. (fully maintained Novated Lease)
Some employees don't go into salary packaging (Novated Leasing) arrangements because they perceive it's too difficult as there are a lot of technical taxation issues that you have to understand. One of the reasons could be the general lack of understanding of the workings of a Novated Lease. Maybe organisations simply don't recognise benefits, both for the employer and their employees. There is also a general misconception in terms of how the Novated Lease agreement is going to work, especially for organisations whose priority is centred on the bottom line. Improving productivity and balance sheet performance and at the same time reducing costs are taking up most managers time. Many departments are not looking to take on an additional workload without fully appreciating what the full gamut of benefits are for employees.
Employee Benefits
Taxation benefit
The attractive feature of a Novated Lease is that your employer retains payment for your lease from your pre-tax salary, or in some case's to off-set FBT a combination of pre-tax and post-tax. This means that you are paying for your vehicle without paying PAYG tax on your earnings first. In addition to this, your running costs and lease payments are charged to you without GST which instantly gives you a 10% saving.
Motor vehicle choice
Greater flexibility and choice of motor vehicle means you are happier and get to drive the motor vehicle of their dreams.
Through fleet management companies, you can also receive a fleet discount on all new cars.
Flexible terms
A choice of Novated Lease terms from 12 to 60 months with fixed car lease payments.
Transferring
The Novated Lease agreement is totally portable if you change employment.
Low administration
In most cases a vehicle management company takes care of the majority of paperwork and administration. Method's such as "Employee Contributions" can also eliminate any FBT liability to zero which may cut out any need for FBT reporting.