Benefits for the employee:
Benefits for the employer:
Fully Maintained novated lease
A Fully Maintained Novated Lease is an arrangement where all of the operating costs of the motor vehicle are included as part of your salary package. Operating costs that can be included:
The Key Features of a fully Maintained Novated Lease are:
Non Maintained Novated Lease
Under a Non-Maintained Novated Lease the lessee is responsible for all maintenance and other running costs of the motor vehicle.
Under a Novated Finance Lease arrangement the client has full use of the vehicle for a specified term in return for monthly repayments. At the conclusion of the term full ownership of the vehicle will pass from the Financier to the client after payment of the residual value.
There are four variables to consider as follows:
The Key Features of a Non-Maintained Novated Lease are: