Explanation Of Terms Involved With Novated Lease

Novated lease is a nice way for Australian employers to effectively manage their vehicle fleet and facilitate their employees.

Chastwood, Australia (prHWY.com) October 31, 2011 - Novated lease is an effective way to acquire a new car in Australia. Novated lease involve several terms and it is recommended to know the terms well so that a lease aspirant can decide which one will be good for him and his current salary. The main terms involved are Fully Maintained Novated Lease, Non-Maintained Novated Lease, Fully maintained operating lease and Non Maintained Operating Lease.

The employer and the employee accordingly decide which one will suit them better after knowing these terms in detail. Fully Maintained Novated Lease is suitable if the lease aspirants do not wish to spend or bear a single dollar for car operation and maintenance. The lease company bears the complete operating costs such as oil and fuel cost, maintenance and servicing charges, lease rental payment, insurance payment and vehicle registration charges well with rest roadside assistance. In non-maintained, the leaseholder has to bear the complete maintenance of the vehicle as well as the rest incurring costs. But the beneficial part of this is that the employee completely and privately holds the vehicle use for a definite tenure.

Whereas, Operating Lease is designed to match the lease aspirant's customized requirements. This is projected to cut the costs associated with the company cars' fleet. It is most suitable for companies having larger fleets. The lease company bears the liability of comprehensive administration and maintenance of the vehicle fleet. This offers a fixed rental pay out so you can well plan your financial bearings.

Novated Lease Deals is a Melbourne, Australia based company engaged in providing easy and customized novated lease. It is an initiative by Choice4U Pty Ltd. This company claims providing several deals and tailored novated lease for businesses. Novated Lease Deals also claims to provide great savings on your salary packaging.

Contact Info:
Contact Person : Shaun
Telephone : 1300 34 33 88
Fax : 02 9009 0711
Address:
Level 1, 48 Albany St, PO Box 724
Crows Nest, NSW, 2065
Email ID : adamsmeeth82@gmail.com
Website: http://www.novatedleasedeals.com.au

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Tag Words: novated lease

Categories: Finance

Press Release Contact
Level 1, 48 Albany St, PO Box 724
Crows Nest, NSW, 2065

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