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Salary Packaging & Novated Leasing

Salary Packaging & Novated Leasing

Salary Packaging – Novated Lease

A Novated Lease is an excellent choice if you are looking to make the most of a salary package.

What is a Novated Lease?

A Novated Lease is simply an agreement between you, your employer and Audi Financial Services. We own the vehicle and your employer makes payments from your pre-tax income for an agreed length of time. If you leave your job, your new employer will have to take over the Novated Lease payments by renewing the novation agreement. As well as making life easier — it could also help you save money compared to the cost of buying a vehicle after tax.

Benefits

• Make the most of your salary package by paying for your new Audi from your pre-tax income

• Choose from terms of up to five years

• Pay no account keeping or annual fees

• Secure your Lease with your new Audi – no additional security required for approved applicants

At the end of your Lease

When your Novated Lease ends, you have the option to upgrade to the latest model with a new Novated Lease or make an offer to purchase it. Remember that if you leave your job, you will need to take over the Lease.

Benefits for employers

A Novated Lease can be a simple and cost-effective way to add value to your employees’ remuneration packages, helping you find and retain talented staff. Also, the repayments may be tax deductible.