Owning a car is something very valuable to most Australians. It’s a way to travel around and be able to get to work and back each day as well as enjoying some quality free time with maximum accessibility. While many are in possession of a vehicle, age can catch up with it, meaning that a replacement is required, which can prove a bit of a snag if cash isn’t available.

This is where employers can steal a march on their competitors. Any employee likes to be employed by a business that looks after them properly and offers better conditions to others. One way to become more popular is to make Novated Leasing available to those who decide it is the right place to work. 

It’s a fantastic way for an employee being able to choose any car from the fleet that provides their service to an employer. The finance is bundled up to include all running costs and then an amount is deducted from the salary of the employee each month and is paid to whoever is providing the leasing arrangement. It is a simple, quick, and cost-effective way for anyone to be driving a new car to work. It really is that simple. Let’s have a look at the many benefits of Novated Leasing.

• While the car has been made available through an employer, it can be used at any time for personal use. That means that not only is a reliable vehicle able to do the daily commute, but it improves personal lives too. Trips that would have been too risky in an old banger are suddenly easy to do. Those who choose to be environmentally friendly and select an electric car could save the owner even more money on the lease.
• It is a cost-effective way to balance the bank account. No huge sum or loan with excessive interest rates are required to make a purchase. The cash is recovered out of a monthly salary, which is ideal for those who struggle with budgetary control. If they overspend on other items, they will still have their car. And there is no need to worry about issues such as maintenance, paperwork, tyres, or repairs as that will be covered in the package. Some firms even allow fuel to be purchased through the same scheme. It might lead to spending some cash on trendy gear suited to Australian men.
• Once the lease term is up, those who want to get a new car can enter a similar arrangement and sell their present vehicle to make a tax-free profit. If an employer chooses the right team for Novated Leasing, more choice of cars will be available at the best prices, while employees can maximise any tax benefits that they are eligible for. Using a lease calculator will allow those who take up the option to see how much they can save. Any money not used when having a fuel budget is returned via the payroll. 
• The best insurance deals will also be provided, as any leasing firms want their customers to be satisfied and continue to return. Accident management and roadside assistance are also welcome features when leasing from the right team. Perhaps some vehicle accessories might be sought after, which again can be added to a package. Maybe some exercise can be enjoyed on a forest track before returning to the car. Those who change jobs can also be accommodated.

Novated leasing of a vehicle ensures that anyone in employment whose business is in association with a leasing company can get a new car and pay for it monthly through their salary.