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Novated lease is an agreement between the employer and the employee

 
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Novated Lease

If you are an employer, this lease offers a "3 way" agreement between you the employer, your employee and the lender.

  1. You agree to make the rental payments on behalf of the employee during their employment.

  2. Your obligation to the agreement ceases when the employee leaves the company.

  3. You may be able to claim a tax deduction for Lease rentals and motor vehicle running costs. Ask your accountant for more information.

 

 

 

Employees can:

  1. Choose the vehicle and have unrestricted use

  2. Take the car with you when you change jobs
     

Please select from the options below:

 

Do any of the following circumstances apply to you:
 

declined by the banks

have credit card defaults

have some defaults

self employed

forgot to pay off your telephone bill

discharged bankrupt

have defaults registered with Baycorp

want to buy a used car

 

GET YOUR NOVATED LEASE

With OUR Proven Car Loan Services........

..Without Time Consuming Office Visits

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Novated Leasing is a method of salary packaging a car, under which an employee leases a car and the employer agrees to take on the employee's obligations under the lease, paying the monthly lease rentals from the employee's pre-tax income.

Novated Lease is the most common form of salary packaging a car.