Employee Novated Leasing Program
Novated leasing helps you attract, engage with, reward and retain your talented employees. At no cost to you. Put simply, it’s a valuable, effective and popular employee incentive. Here’s a few reasons why employers choose beCarWise for their novated leasing solutions:
Retain Staff More Effectively
Become an employer of choice by offering car salary packaging to your staff. The reward will see staff retention increase and turnover costs decrease.
No Cost to the Employer
Offering novated leasing to staff comes at NO COST to the employer. beCarWise also handles the program administration for you.
You Save, They Save, Everyone Wins
Employees save $5,188* on average per year on their new car. Essentially it’s like giving staff a pay rise at no cost to you. Everyone drives home happy.
FBT Benefits
Salary packaging a novated lease is an off-balance sheet program with FBT mitigated to zero. It’s also a suitable way to replace “company cars”.
Every Employee Can Benefit
Novated leases aren’t just for high income earners. If your employees are paid a salary under the PAYG system, they’re very likely to be eligible.
Large Choice of Financiers
beCarWise stands alone with its wide choice of finance providers. We can find the funder best suited to your employee’s needs and budget.
*$5,188 is the average customer savings over 2022 and is subject to change.
Our managing director Chris Penney and general manager Peter Antoniazzi talked to the Australian Financial Review (publish date 19th August 2022) about how employers can attract, reward and retain their talented employees by offering novated leasing as an employee benefit.
Packaging a Novated Lease is simple
Benefits that boost everyone’s bottom line
Simple to set up and even easier to manage, novated leasing is the smart way to help your employees buy their next car. Better yet, it comes at no cost to you. Here’s how it works.
Step 1
beCarWise procures your employees’ car of choice direct from the dealership. Thanks to fleet discounts and our national buying power, they’ll get a deal that’s impossible to beat as an individual buyer. They’ll have the car for a pre-determined lease period, with the choice of buying or selling the vehicle at end of lease.
Step 2
We liaise directly with your payroll department to set up your employees’ regular pre-tax payments. To ensure you get maximum benefit for minimal effort, we handle everything from setting up the lease, to determining the deductions and dealing with the paperwork. Seriously, it’s that simple.
Step 3
You reduce your Payroll Tax, reward your employees and grow your reputation as an employer of choice.
Want to know more? Contact us today to see how novated leasing can benefit your business.
Maximise the tax benefits for your employees by offering the
option of a novated lease in their package!
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