Novated Lease

WHAT IS A NOVATED LEASE?

A ‘novated lease’ is a three-way finance agreement between an employer, an employee and the vehicle financier. A ‘novated lease’ allows an employee to salary-sacrifice towards the cost of their car, while thier employer takes over the lease obligations. Jim’s provides the vehicle and manages the vehicle’s running costs using the employee’s pre-tax salary’

The specific running costs to be included in the ‘novated lease,’ such as fuel or maintenance, are worked out between Jim’s Car Loans and the employee.

WHY DO I WANT A NOVATED LEASE?

Jim’s pays all the costs included in the lease for you which means you’re never out of pocket. A ‘novated lease’ combines all of a vehicle’s running costs into one convenient payment, allowing both the driver and the employer to keep tabs on all associated costs.

WHO WOULD BENEFIT FROM A NOVATED LEASE?

A ‘novated lease’ is perfect for anyone with a regular income that has the option to salary package a vehicle, or for an employer who offers vehicles as part of a salary package.

novated lease

...perfect for anyone with a regular income that has the option to salary package a vehicle, or for an employer who offers vehicles as part of a salary package.

Any more questions about Novated Leasing? Contact us here.

Enquire Now

BENEFITS TO EMPLOYEES

  • Making vehicle payments from your pre-tax salary means less income-tax and more money in your pocket
  • Jim’s takes care of all the vehicle payments
  • GST savings to be made
  • You get to choose a vehicle that suits your style and budget
  • If you change jobs, you get to take the car with you
  • Simple online reporting

BENEFITS TO EMPLOYERS

  • A ‘novated lease’ is an effective way to retain employees
  • Jim’s takes care of all the vehicle payments and manages the vehicle
  • A ‘novated lease’ allows you to offer a vehicle as part of a salary package
  • The employee is responsible for the vehicle’s upkeep, leaving you free to concentrate on your business
  • Totally outsourced service. Jim’s takes care of all the details

Need it Done? Jim's the One!