PRODUCTS
• Operating Lease / Rental• Finance Lease• Novated Lease
• Asset ( Hire) Purchase• Chattel Mortgage• Commercial Loan
Novated Lease
A Novated Lease is an agreement between the client (employee) and a financier. The employee then novates the agreement to the employer. It is typically used for motor vehicles.
The benefits:
• No Capital Outlay. Novated Lease allows you to obtain the vehicle now.
• Salary Sacrificed. Sacrificing a portion of an employees gross salary to make lease payments for a motor vehicle.
• Transferable. The employee can transfer the agreement to a new employer.
• Choice. The employee has the benefit of owning a vehicle of their choice.