Why Novate?

Why Novate?

Novated Leases can provide a variety of benefits to you as an employee:
 

• Tax savings
• No GST on vehicle purchase price or running costs - including maximum savings in fuel
• Freedom of vehicle choice
• Fleet discounts on all new makes and models via FleetPlus
• Potential profit at lease end
• Used vehicles may be eligible
• Sale and leasebacks permitted
• Non-maintained or fully maintained packages 
   

And a variety of benefits to you, and your organisation, as an employer:

• Attractive recruitment and retention offer
• Added value for your employees with no cost to your business
• Cost effective alternative to operating fleets with no risk to you as the employer 
• Flexibility in vehicle choice and salary packaging to your employees
• Meet the salary package and vehicle preferences of employees without the burden of maintaining a vehicle fleet, whilst significantly reducing administration
• For accounting purposes, Novated Leases may improve balance sheet ratios and clear residual liability should there be a change to the employee/employer situation