- You receive cash for your existing fleet based on market valuations of your vehicles or their written down value
- The vehicles will then be leased back to you under an operating lease agreement, passing over the ownership and residual value risk of the fleet to the financier
Benefits of Novated Lease to Your business
- Access your working capital – sell your fleet to the financier and free up valuable capital to invest in your core business
- Switch your whole fleet – changeover your entire fleet to an operating lease without any operational implications for your vehicles and drivers
- Remove vehicles from your balance sheet – remove the burden of ageing assets off your balance sheet. Ask your accountant for details on the financial advantages of an operating lease
- One easy monthly payment – one fixed monthly payment covers your whole fleet. Put an end to fluctuating running costs by including fleet maintenance in your fixed monthly rental
- Eliminates your residual value risk – remove the exposure to unexpected losses on the sale of vehicles
- Reduce administration – timely reports and regular updates including; kilometers travelled, FBT reporting, fuel management and vehicle registration. All so you can keep track of your fleet
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