What is the catch with novated lease?
What is the catch with novated lease?
With a novated lease, you don’t pay GST on the purchase price of a new car. This may save you thousands in upfront costs you would otherwise have to pay. As one of the country’s leading novated leasing providers Maxxia have a nationwide preferred dealer network to tap into to help you get a great deal on a great car.
Is NLC part of Macquarie?
A novated lease is one of the most cost-effective car ownership options for Australians.
How do novated leases Work Australia?
Essentially, a novated lease means that your employer is a party to your purchasing agreement, and allows you to pay for your vehicle as part of your salary package (handily saving them some money as well), by paying your car payments for you out of your pre-tax earnings.
What is YourLease?
With YourLease, you can access and manage your car loan account details online anytime, anywhere. Log into YourLease to get your payout figure, manage upcoming payments, request documents and update your details.
What happens to my novated lease if I lose my job?
If you leave your employment, whether voluntary or not, the novation dissolves and you are left with a lease agreement between you and the leasing company. Continue to make the repayments yourself until you find new employment at which time you can re-novate with your new employer (if they allow it).
How does a novated car lease work in Perth?
This ATO-approved agreement allows Perth & WA employees like you, to finance your new car and all the running costs that go with it, using your pre-tax income. A novated car lease term can be anywhere between 1 and 5 years.
What is a novated lease and how does it work?
A novated lease is a three-way agreement between you, City of Perth and Fleetcare. It is an all-inclusive salary packaging option that lets you pay for your choice of vehicle and it’s running costs from your pre-tax salary.
Why choose a Fleetcare novated lease with city of Perth?
If you’re an City of Perth employee and looking for an easy way to save money on buying and running your next car, then a Fleetcare Novated Lease is perfect! A novated lease is a three-way agreement between you, City of Perth and Fleetcare.
https://www.youtube.com/watch?v=uOI1N2JK8h4
