Benefits of a Novated Lease for your Business
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 helps attract and retain your most valuable asset – your employees – it can also 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.
Staff goodwill
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.
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.
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.
No Profit & Loss impact
Since a novated lease is neither an asset or a liability, it will have no impact to your balance sheet.
Less admin
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.
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. If the employee moves on, they can simply transfer the lease agreement to their new employer.
Novated Lease
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.
