There are many ways to purchase a car: dealer finance, personal loan, home loan offset or cash payment. No matter how good the deal may seem, none of these can offer the additional tax and GST savings of a novated lease.
A Fleet Network novated lease offers advantages to both the employee (the person who will be owning the car) and the employer (who will arrange the salary package).
> Repayments taken from your pre-tax income mean you save on tax and receive a greater take-home salary.
> Significant savings on the new car purchase price through national fleet pricing discounts.
> Save GST on the purchase price of the vehicle and its running costs*. (*Subject to Employer policy).
> Ultimate private use; you choose the car you want and how it’s used but get the benefits associated with a company car.
> Save time and stress when sourcing and procuring a new car.
> Gain access to dealerships Australia-wide, ensuring you get the vehicle of your choice.
> At Fleet Network, you aren’t just another number. Our representatives will work with you from beginning to end, and remain available to you after you’ve received your car.
> Work directly with professionals passionate about cars – we don’t deal in anything else.
> Access to a range of exclusive Fleet Network benefits.
> It costs nothing to you the employer, but provides thousands of dollars of benefits to your employees.
> Effectively increase employee salaries with no additional salary costs to the company.
> Raise the value of your company in the eyes of your employees.
> Reward employees’ hard work with minimal effort on the part of the company.
> Retain, Reward, Remunerate – a very effective way to attract quality new employees at no additional cost.
> No financial risk or liability to employers; if an employee leaves, then the deed of novation ceases and responsibility for the lease payments reverts to the employee.