Of all the benefits that can be included in a salary package, a novated car lease is commonly the most valuable component for an employee.

Novated car leasing is gaining popularity around Australia as more and more drivers discover the benefits of a financial tool that employers can use to enhance salary packages, and employees use to get more car for their dollar.

LeasePLUS are specialists in novated car leasing. As its business has grown around the country, the level of understanding amongst employers and employees about salary packaging and the benefits of paying a car lease in pre-tax dollars continues to climb.

Interestingly, anecdotal research indicates that the word ‘novated’ can discourage customers from using this financial tool because it sounds complicated. In fact, novated leasing is extremely simple and can be organised quickly and easily with employers.

Simply put, on each payday an employer will transfer an agreed amount of funds from the employee’s salary to LeasePLUS to cover the operating costs for the employee’s car. The employee charges all vehicle expenses to their LeasePLUS card, and needs to drive the nominated kilometres over 12 months in order to maximise the benefits of the program.

LeasePLUS works with the employer to ensure a light administrative load, and with the employee to ensure they gain the maximum benefit possible from their novated lease.