Fincar is a car finance executive company that specializes in providing suitable and lucrative novated and operating leases.
What is a novated lease?
Fundamentally, a novated lease is a car finance opportunity that allows employer to make lease payments on the employee’s behalf, from the pre-tax wages for the time of a lease (or as long as the employee is in a job). This trims down the taxable earnings, which consecutively, reduces the income tax, which an employee has to pay.
Generally a lease consist of operating costs, for example listing and repairs, plus can incorporate Fringe Benefits Tax (FBT) too, derived from the estimate that exercise the worth of the car and the distance travelled (together with personal use) to decide an amount.
Similar to other car leases, at the conclusion of the tenure a residual value remains which is like a lump sum that has to be paid to the sponsor. If there is a gap between the outstanding and what the car is really worth of, at the end, then also employee will bear it – be it gain or loss.
Reimbursement amount for the Novated Lease relies on the price of the car, the amount predetermined as residual, the loan time and the interest charges levied.
Novated leasing has turned out to be increasingly admired in current years as Australian companies are moving away from the long-established company cars and searching for more incentives for employees
Why choose fincar for your novated lease requirements?
• You benefit from a comprehensive vehicle management service
• Practiced at developing the accurate tax effective package to save you good amount of money
• Capability to make substantial savings on your new car, because of the bulk buying power and established dealer set of connections.
• The ease of making one simple monthly payment that covers up all the expenses.
• Fincar’s industry-leading research and coverage on car operation expenses, re-sale values and new model releases, ensures you get the ideal package for your requirements.
For more detailed information on novated lease arrangements provided by fincar log on to fincar.com.au
Contact Info:
Fincar Pty Ltd
Lvl2 845 Pacific Hwy
Chatswood NSW 2067
ABN 67 107 751 931
PO Box 5214
West Chatswood
NSW 1515
Phone: 1300 346 227
Fax: (02) 9411 8032
Email: [email protected]
Website: http://www.fincar.com.au
