Offering 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.
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.
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.
Since a novated lease is neither an asset or a liability, it will have no impact to your balance sheet.
The 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. If you or your employees ever need help, novated lease experts are on hand for support.
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. If the employee moves on, they can simply transfer the lease agreement to their new employer.
Novated leasing means that your car lease is paid for by your employer through a combination of pre-tax and post-tax salary deductions. With a novated lease, you can drive the car of your choice without compromising on lifestyle.
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