HOW IT WORKS
An easifleet novated lease makes vehicle ownership a money saving solution. It’s one fixed regular payment for complete peace of mind.
A novated lease is a three party agreement between the driver, the employer and easifleet. The driver enters into a finance lease with easifleet and then a novation agreement is used to transfer some of the lease obligations to the employer.
Once the novation agreement is in place, the employer is considered to be leasing the car. This allows the car to be treated like a company car which provides significant income tax and GST savings to the driver.
To maintain the novated lease, the employer deducts the regular payment from your salary, and then remits this amount to easifleet to pay for all the car’s running costs.
We will help to monitor the driving habits and car expenses to ensure the novated lease budget stays on track.
How do you save?
Firstly, repayments are made from pre-tax salary dollars; this is a significant tax saving over the life of the lease. Secondly, by purchasing and maintaining the car through easifleet, GST does not apply on the purchase price or ongoing costs and discounted fleet pricing applies on all associated costs, a saving of thousands over the life of the lease.
Are you eligible?
Most full time employees will be eligible for a novated lease. Regardless of whether your employer currently offers salary packaging, easifleet can provide you with a novated lease. Simply request a quote and easifleet will guide you through the finance application and process the application on completion. easifleet will open up a salary packaging account for you with your employer and send a payment schedule of pre and post tax deductions to the payroll department, along with a tax invoice. It’s that easy.