Novated Lease
A popular Salary Packaging tool it provides employees with the opportunity to include a motor vehicle of their choice as part of their Salary Package.. The Employees Lease obligations are transferred to the employer who pays the monthly rentals from the employees salary. This is a total vehicle packaging solution which can include vehicle expenses and fringe benefit tax management. Insurance and servicing expenses are simply included in the monthly lease payment.
Features and benefits
- Greater flexibility with choice of vehicle
- Financing is paid with pre-tax dollars
- Employee can make an offer to purchase the vehicle at the end of the novated lease term
- Fixed payments for the term of the leases
- A choice of lease terms from 1-5years
- The vehicle may be leased for 100% private use
More information about Cannon Toyota Finance and Insurance
|
