Car Lease

There are a number of car leasing options on offer from No Docs Car loans including when the vehicle is used for incoming producing purposes and a novated lease which is often utilised by a contractor or employee using a salary packaging option.

With a lease arrangement, the purchaser has full use of the vehicle from the time of purchase and makes fixed monthly repayments to the finance company while the lender legally retains ownership of the car. That is, you are effectively leasing the car from the financier, and then at the conclusion of the lease contract when all payments are finalised, you have complete ownership.

Novated and Fully Maintained Novated Leases are other options for no docs car loans and are designed for salary packaging purposes. This is a popular way of legally optimising tax benefits and suits many contractors.

So if you’re a contractor and don’t have sufficient documentation for a traditional car loan, speak to our consultants about salary packaging with a no docs car lease for your purposes.

A Novated Car Lease is a financing agreement that involves the employer, employee and a finance company. The employer and the finance company effectively take on the employee’s car loan obligation. The employer makes the monthly repayments to the finance company, from the employee or contractor’s pre-tax salary.

No Doc Car Loans advises all clients to discuss commercial loan options with their accountant in regard to FBT and GST implications.