How a Novated Lease Works? - Novated Leasing - Eziway Car Leasing

Enjoy the benefits with Eziway Leasing.

Eziway’s novated car leasing service is a great way to put you in the driver’s seat of your next car, whilst maximizing your income. In this blog, we’ll answer some of the most common novated leasing questions.

So, how does a novated lease work?

It begins by discussing your novated lease options with an Eziway Leasing Consultant. From the information you provide, we will tailor a quote, along with a Salary Packaging Impact Statement to clearly explain how a novated lease will benefit you.

Second, once you’re happy to proceed, we take care of the leg work to get you the lowest price on the vehicle, including sourcing the vehicle you’re looking for using our national dealer network.

After obtaining finance, and your employer’s approval, we’ll contact you to arrange a suitable time to pick-up your new car.

Finally, you get to enjoy driving your new car, whilst enjoying the benefits of a novated lease, including tax savings, bundled service and maintenance costs, and much more.

How do employees benefit from a novated lease?

As an employee, a novated lease can lower your taxable income by using your pre-tax salary to pay for fuel, tyres, registration, service, and maintenance costs. You may also be eligible to receive fleet discounts thanks to Eziway’s national dealer network as well as saving GST on the car’s purchase price.

Other benefits of novated leasing with Eziway include the peace of mind that comes from additional services like extended warranties and optional insurance cover. Also, we’ll come to you! We have experts that are based locally and nationally to that are available to help you benefit fully from a novated lease.

How employers benefit from offering novated leasing?

Eziway guarantees you will never suffer an FBT liability by offering novated leasing as a workplace benefit. Also, our integrated administration system consolidates novated leases and salary packaging caps for better reporting and transparency.

What happens at the end of my novated lease term?

At the end of your lease term, a residual amount remains. Your novated lease options include either paying this amount out, refinancing it, or taking up a new lease on a new car.

There are many benefits to a novated lease. Use our online car lease calculator and car lease search functions to find your next car today and contact our friendly team for a chat on 1800 932 394.

For more details visit: https://eziwayleasing.com.au/