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Enjoy Car Ownership With Novated Lease Agreement

Jan 29th 2015 at 12:03 AM

Most people cannot imagine living without the freedom and convenience that ownership of a vehicle provides. But owning a car is not free from hassles. You either need to take a loan or make a sizeable payment upfront. Is there an alternative? Yes, you can own a car of your choice with novated lease.

In short, a novated lease is a three-way agreement between the employer, employee, and the lease company.

Australian businesses offer employees novated lease as part of a financial package agreement. This type of alternative salary-sacrifice arrangement has become very popular with the employees.

What Is So Special In This Type Of Auto Finance Arrangement?It is a slew of benefits that attracts people to novated lease arrangement.

How To Compute The Costs Involved In Novated Leasing?

The costs that lead up to the total amount take into account the cost of the vehicle plus accessories, the lease term, the prevailing interest rates, and the computed market value of the car at the end of the lease term.

Once you take the delivery of the vehicle, do not forget to take all the benefits the dealer has offered with this form of auto financing. These can include roadside assistance and motor club membership. Most car dealers have extensive network of maintenance facilities where you can negotiate substantial discounts on labor cost and spare parts.

Novated lease is packed with benefits. Do not miss the opportunity to save money as well as all the hassles to keep the car on the road.

Novated Lease in Australia is a tax effective way to use your income tax to save thousands of dollars off and reduce your tax at the same time. A Novated Lease is something you should consider.

Click here Vehicle Leasing to know more about Vehicle calculator,Novated Lease Perth and Novated Leasing.

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