Novated Lease

A ‘Novated Lease’ is a three-way finance agreement between an employee, employer and the vehicle financier. A ‘Novated Lease’ allows the employee to salary-sacrifice towards the cost of their car. The operating costs are included in the lease, such as fuel and maintenance and these are paid from the employee’s pre-tax salary.

A ‘Novated Lease’ combines all the expenses associated with running a vehicle into one convenient document, updated in real time, which allows the driver and the leaseholder to keep up-to-the-minute tabs on all associated costs. SupaLease manages all the payments on your behalf so you’re never out of pocket.

A ‘Novated Lease is ideal for a personal-use vehicle.

The specific running costs to be included in the Novated Lease,’ such as fuel or maintenance, are worked out between the employer and the employee.

SupaLease vehicle leasing pays all the costs included in the lease for you, this means you’re never out of pocket! A ‘Novated Lease’ combines all of a vehicle’s running costs into one convenient document. This allows both the driver and the employer to keep tabs on all associated costs.

Employees

Taking the vehicle payments from your pre-tax salary means less income tax and more money in your pocket!

• SupaLease takes care of all the vehicle payments.
• A Novated Lease allows you offer a vehicle as part of a salary package.
• The employee is responsible for the vehicle’s upkeep, leaving you free to concentrate on your business.