An ORIX Novated Lease helps an employee to optimise their salary by offering fleet discounts, GST savings and a flexible and easy way to budget.
With traditional forms of financing, running costs and finance are paid with post tax dollars and include GST.
Personal loans don’t provide fleet discounts or tax savings, nor do they include discounted fuel and maintenance costs.
And unlike Novated Leasing, running costs will be charged at full retail price plus GST. This makes a Novated Lease an easy way to have the vehicle that fits any lifestyle – whatever the budget.
Increased purchasing power and tax advantages enable employees to make the most of their salary and potentially take home more pay. It could save thousands on the purchase price and running costs of a new or used car, or even the car they currently drive.
Simple repayments straight from salary cover the finance and running costs, to create easy budgeting.
Just set and forget.
Unlike personal finance, discounts can be achieved on the purchase price, fuel, running costs and maintenance.
With a Novated Lease, online access to vehicle information enables full transparency and reporting every step of the way.
Thinking that Novated is only for those on a high income?
Or that it is better to add a motor vehicle to a home mortgage or take out a personal loan?
It is only with a Novated Lease that fleet discounts and tax advantages can be combined to create a fantastic benefit for employees.