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.
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Platinum Direct Finance Novated Lease Quote

Novated Lease Quote

Looking for a Novated Lease Quote? Call Platinum Direct Finance today on 1300 353 383 and talk to one of our experienced Novated Leasing consultants.

Once you receive your fully maintained Novated Lease quote, this is how you read it.

VEHICLE DETAILS

This indicates breakdown of onroad cost, full description of vehicle and nominated annual travel kilometres.

LEASE DETAILS

The Setup Fee is the financier documentation fee included into lease payments. The Fully Maintained Novated Lease residual is generally set within ATO guidelines which is determined by lease term.
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What is the Vehicle Integrated Program (VIP)?

The Vehicle Integrated Program (VIP) is a Fully Maintained Novated Lease, a highly tax effective form of vehicle financing. It involves a Novation Agreement between an employee (you), your employer and a financier. This agreement allows a substantial proportion of the vehicle finance and the costs associated with owning a vehicle to be deducted from your pre-tax income. As a direct result, you will gain substantial tax-savings boosting your disposable income.

Which vehicle expenses are included?

• Vehicle Finance
• Fuel
• Maintenance
• Tyres
• Comprehensive Insurance
• Vehicle Registration Renewal
• Compulsory Third Party (CTP) Insurance
• Australia-wide Roadside Assistance

Benefits of the Fully Maintained Novated Lease to the Employee

How do you Benefit from the Vehicle Integrated Program (VIP)

Pay Less Tax: An extensive proportion of the vehicle expenses are taken from your pre-tax income therefore reducing the amount of income tax you pay.

Save on GST: Your employer is able to claim back a sizable portion of the lease associated GST. The financier is also able to claim back the GST on the purchase price of the vehicle, therefore you will finance the vehicle price GST exclusive. Read more »