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Novated Leasing

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A novated vehicle lease is an arrangement between you, your employer and LeasePlan where the obligation for the payment of lease rentals is transferred (novated) from you to your employer for the term of the agreement, so your employer pays your lease rentals and operating costs directly to LeasePlan.

It enables you to lease a vehicle of your choice, while enjoying the tax-effective benefit of financing the vehicle and its operating cost from pre-tax (or a combination of pre-tax and post-tax) salary.

LeasePlan calls its novated lease products Corporate CarPlan.

The benefits of novating leasing include:

• Significant discounts on new vehicle prices through LeasePlan’s buying power
• Great savings above retail on vehicle operating costs (fuel, maintenance, repairs, etc)
• Significant pre-tax savings on lease and operating costs
• Choose from an extensive range of vehicles
• LeasePlan can claim a GST Input Tax Credit on the vehicle purchase and on all operating costs, so you will enjoy GST free motoring
• You only pay GST on the residual value at lease expiry
• Eliminate FBT liability with the Employee Contribution Method (ECM)
• The vehicle is registered in your name, so no stamp duty if the vehicle is purchased at lease end
• A potential income tax-free lump sum benefit at lease expiry

To download a brochure on the benefits of novated leasing, click here.

For more information about LeasePlan's novated products call 132 572.

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