Novated Lease Options

What Types of Novated Leases are Available?
FleetPlus Novated offers you the choice between a Novated Finance Lease or a Novated Operating Lease. The choice is typically made based on the driver’s intent at the expiration of the lease term.

Novated Finance Lease

• Under a Novated Finance Lease, the risks and or benefits of ownership associated with the vehicle at lease end remain with the employee. The employee is responsible for the residual payment and GST at the end of the lease. Residual values are set within the ATO Guidelines.
  

Novated Operating Lease

• Under a Novated Operating Lease, the residual value risk is the responsibility of FleetPlus Novated. The employee hands the vehicle back at the end of the lease in fair condition and within the agreed kilometres. FleetPlus Novated then dispose of the vehicle.

Fully Maintained Novated Leases

FleetPlus Novated offers Fully Maintained Leasing programmes with your Novated Lease. Your Fully Maintained Novated Leasing program through FleetPlus Novated can provide you with benefits including:

• Access 24 hours, 7 days a week to our online reporting system, to track your vehicle in real time
  
• Benefit from our own 24 Hour National Emergency Breakdown Service – In the event of a breakdown you won’t be stranded without support. All it takes is one easy call to our emergency number 1300 FLEET1 and one of our very own experienced repairs and maintenance controllers will assist you with your problem
  
• Fuel card programmes allowing you to fuel your vehicle at most Australian fuel suppliers and presenting you to pricing efficiencies this allows
  
• Competitive insurance premiums; which can also be accommodated with your own choice of car insurance if suitable
  
• FleetPlus Novated will manage your Fringe Benefits Tax and fuel expenditure through our kilometre tracking programme and provide variations to your lease as required.