Benefits of a Business Novated Lease

Why novated leasing makes good business sense. Toyota Fleet Management.

As an employer, you probably know about the benefits of novated leasing for employees. But what’s in it for you? Quite a lot, as it happens. Offering a cost effective solution to buy a car not only attracts and retains your most valuable asset – your employees – it can put your business on the map as a preferred employer.

Here are 6 compelling reasons why it's worth considering bringing novated leasing into your business.

1.  Staff goodwill

Offering a novated leasing is a simple way to help retain valuable employees. It can also help to attract new staff and help you stand out from competitors.

2.  Attractive packages

In many industries it’s an employee’s market, so it’s smart to position your business as a preferred employer. Adding value to your remuneration packages is a good place to start. For example, you could provide candidates with the option to include a novated lease in their package.

3.  Streamlined finances

When an employee takes out a novated lease through Toyota Fleet Management, you’ll receive one monthly invoice. Everything is bundled for you, including the lease payments and running costs, such as CTP, rego and maintenance. 

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4.  No P&L impact

Since a novated lease is neither an asset or a liability, it will have no impact to your balance sheet, so there’s no extra work to worry about.

5.  Less admin

The last last thing you need is more paperwork. That’s why TFM takes care of everything for you, giving you more time to focus on business. And if you or your employees ever need help, novated lease experts are on hand for support.

6.  Minimal commitment

A car on a novated lease isn’t an asset, so you don’t need to worry about what to do with it when the term is over. And if the employee moves on, they simply transfer the lease agreement to their new employer.

Join thousands of australian businesses that are reaping the rewards of novated leasing and make an enquiry today.

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The information in this article is for your general information only. It is provided by Toyota Fleet Management, a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536. Subject to lending criteria and approval of your finance application. Full details available on request.


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