A 3 way lease agreement commonly used for salary packaging. Typically, an employer agrees to make an employee’s lease payments, with taxation benefits for both. The employee’s salary is reduced by the monthly lease payments, which are not subject to PAYG or Payroll Tax.
- great for reducing taxation obligations for both the employee and employer, while giving the employee a car of their own choice
- for new and used, even classic cars and other vehicles
- for other equipment such as laptops, computer equipment and mobile phones
- can be purchased from dealer, auction and private sales
- if employee leaves job, employer’s obligation ceases and Novated Lease may be transported to new employer
- terms of 1 to 5 years available
- must have a residual which should reflect the true depreciated value of the goods at the end of the term
australiawide FINANCE has the knowledge, experience and contacts to deliver the best Novated Lease products to our customers
