Novated Lease Vehicle Program
Platinum Direct Finance Novated Lease Program is perfect for businesses that want to provide a salary packaged car without spending valuable time managing maintenance or driver issues.
By combining Car Finance via a Novated Lease agreement with budgeted running costs, such as fuel, registration, insurance and maintenance, a Novated Lease Vehicle Program will manage the entire process for you from beginning to end. You’ll also avoid being left with unwanted company vehicles.
How does it work?
The employee chooses the car they want and estimates the annual kilometres they’ll travel. We calculate a total cost with finance for the vehicle and budgeted running costs covered by one simple monthly deduction from the employee’s pre-tax salary. If the employee leaves, they keep the car and make the payments. In some cases they can even arrange for their new employer to take over the lease.
Benefits to business
No risk of being left with unwanted company vehicles if the employee leaves they take the vehicle and payments with them.
Hassle free management driver and vehicle related issues will be managed for you by our experienced customer service team.
Comprehensive reporting to help you keep track of FBT obligations.
Tax benefits significant tax benefits may apply for your business. Please contact your tax advisor for details.
Benefits to employee
Increase effective value of a salary package Novated Lease payments and budgeted vehicle running costs come from pre-tax salary.
Convenience one point of contact for all vehicle maintenance, including servicing and accident assistance.
Unlimited private use of the car
Flexibility complete choice of car and dealer to purchase it.
Never be left without a vehicle retain the car even if changing jobs.
Access discounts through our network of dealers and suppliers.
Unspent budgeted running costs reimbursed to drivers
“Lets Talk Novated Lease”
If you need help with a Novated Lease, call our Novated Lease HotLine on 1300 353 383 and talk Novated Lease today.
