Helping Small Businesses Save Big with Salary Sacrificed Car Leases
Australia’s Leading Novated Leasing Brokerage
Novated Leasing Turns Your Non-Tax Deductible Car Debt into Tax Deductible Debt
What others say about NCLO
Driving Tax Savings for SME Employers and Employees
Employers:
Employees:
The benefits of novated leasing have, until now, been largely reserved for employees of big businesses and big Govt. But with 98% of companies classified as small and medium enterprises – which are responsible for employing over one million Australians – we realised too many hard-working people were missing out on significant tax savings, so we created a solution.
Helping Small and Medium Businesses Attract and Retain Staff
Imagine you could save your employees thousands of dollars on their vehicle expenses without costing you a cent…
When you hold a Novation Lease Agreement, you can become an Employer of Choice and do just that!
Setting up a novation agreement costs you nothing and you may even save on payroll tax (alongside a host of other benefits) – all while the employee saves thousands of dollars on their vehicle and maintains full responsibility for their own lease.
Novated leasing offers a win-win situation for employers and employees.
Reduce Vehicle Expenses
Besides housing costs, motor vehicles are often the most significant household expense for Australians. From the purchase price to the ongoing costs of registration, fuel, insurance and service/maintenance fees, cars consume a good deal of an employee’s income.
We work with small and medium enterprises (SMEs) of 1–120 employees to provide a fully maintained novated car leasing solution for private vehicles that saves money for staff and business owners alike.
With no cost to the employer, novated car leasing is a great way to show appreciation to your staff by helping them save GST on the purchase price of a new or used car as well as fuel, and general running costs.
Novated leasing helps employees save thousands on personal loan interest and post-tax spending, which can instead be used to boost the retirement nest egg, pay off a mortgage, or treat the kids to an annual holiday.
Benefits of Novated Leasing with NCLO Include:
For Employers
For Employees
What is a Novated Car Lease?
This means you don’t have to pay income tax on your pre-tax salary deductions.
Novated leases can apply to new, used, or currently owned vehicles. This system is 100% approved by the Australian Tax Office and means you can pay for all ongoing car expenses (fuel, registration, servicing and maintenance, insurance, tyres - even car washes!) out of your pre–tax salary. Read more on Novated Leasing page.
Why Choose NCLO for Your Novated Car Leasing Needs
At NCLO, we’ve done the hard work for you. We partner with premium, fully-maintained novated lease providers to keep the process simple and cost-effective for our clients.
We have superior buying power and offer the exceptional fleet discounts usually enjoyed by large corporations to small and medium-sized companies and their employees. This applies to all makes and models, including the generous government tax incentives on electric vehicles.
Is Novated Leasing right for you?
www.abs.gov.au as at 25 September 2022
*carrying capacity on vehicles may be negotiable. Speak to an NCLO representative today if you have a car in mind.