If you are considering o buying a used or a brand new car and you are short of budget, there is no better way to finance your vehicle than novated leasing. A car has become a critical part of our lives as it makes running daily errands easy. Whether it’s taking the children to school, going to work, going for business meetings, etc. a car comes handy, and it is a must-have for every home.
However, since there are many bills to pay, saving enough money to buy a car in one year or two is almost impossible. Also, people are not willing to wait not even for a year before they can get the keys to their dream car. For this reason, car financing becomes the only solution, and this is where novated leasing comes in.
When buying a car, the main worry is where to get financing. If you are employed, then this should not be a problem as you can take advantage of novated leasing. It is an agreement between you as the employee, the employer, and the financing company. Your employer agrees to deduct a specified amount of money on your weekly or monthly salary that goes to the financing company. The deduction is before tax, and this means that you do not have to pay taxes when paying your premiums which means that you take more money home.
The best thing about novated lease deals is that many employers support this deal and there are high chances your employer supports the agreement. Your employer will benefit in that such a provision is a way of motivating the employees and this will lead to increased productivity. Also, the employer saves money as the business does not need to have company vehicles since the employees have their private cars.
As for you as the employee, there’s another benefit besides taking more money home. For example, when you get car financing through novated leasing, this does not prevent you from quitting your current job and moving to another employer as the agreement is transferable. Also, you do not have to worry about the fueling costs, insurance, and other maintenance costs as they all part of the package. How cool is that?
If you have made up your mind to buy your dream car, then consider Novated Lease by Vehicle Solutions. They are the best in this field and will take you every step of the way to ensure that you not only understand the agreement, but you make the best deal. The online calculator on their site allows you to views your savings and other costs anonymously which will help you create a wise decision. All you need is contact them and know the available offers.