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Motor Vehicle Loans

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Novated Lease

This type of finance is an arrangement between you, your employer and the financier.

You obtain car finance for a car of your choice from the finance provider, for a fixed period of time. Your employer then takes the repayments out of you “pre tax” salary (a “salary sacrifice), thus reducing your taxable income. While the contract for the finance is between you and the finance provider, if you change jobs, you take your novated lease and your car with you.

At the end of the term of the novated lease you have the option to purchase the car for a set residual or you can sell or trade. If you find you make a profit from selling the car, then it’s your’s to keep!

Novated Lease

This type of finance is an arrangement between you, your employer and the financier.

You obtain car finance for a car of your choice from the finance provider, for a fixed period of time. Your employer then takes the repayments out of you “pre tax” salary (a “salary sacrifice), thus reducing your taxable income. While the contract for the finance is between you and the finance provider, if you change jobs, you take your novated lease and your car with you.

At the end of the term of the novated lease you have the option to purchase the car for a set residual or you can sell or trade. If you find you make a profit from selling the car, then it’s your’s to keep!

Benefits for Employees

No GST purchase on the price
No deposit required
Save on your vehicle running and maintenance costs
Save thousands in income tax

.

Take vehicle with you if changing job
Just one easy monthly payment for all your vehicle expenses

Benefits for Employers

Cheaper and easier to manage than providing company cars
Provide a more attractive remuneration package to potential and existing employees
No residual risk
Lower Payroll Tax and Work Cover premiums. No surplus vehicles if an employee changes jobs

.

Bridgecoast Finance takes care in arranging everything so you can focus on important business matters instead of organising car finance

Bridgecoast Finance has other Vehicle Loan options

Consumer Loan

This is the most common loan used for individual finance

 

Novated Lease

This type of finance is an arrangement between you, your employer and the financier.

Commercial Hire Purchase

This option gives you flexible repayments and you will own the vehicle at the end of the loan term

Finance Lease

This type of finance gives you the option to rent a vehicle for an agreed period of time and at the end of the loan term you have the option to upgrade.

Chattel Mortgage

The most common type of vehicle or equipment plan.

Fully Maintained Operating Lease

A fixed fee to cover your vehicle management, such as maintenance, registration, renewal, tyres etc. At the end of the term, you simply return the vehicles to the financier.

Call us on 1800 803 428 or:

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Accredited Lenders

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Accredited Lenders

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