Financial Alchemy Advisors
Finance Lease (Novated)
A Finance Lease between a financier and an employee, which is then ‘novated’ to the employer.
Novated Leases
A Finance Lease between a financier and an employee, which is then ‘novated’ to the employer.
The employee chooses the vehicle, and the employer pays the employees instalment obligations from the employee’s salary.
A Novated Lease is a Finance Lease between the financier and the employee, which is then ‘novated’ to the employer. The employee chooses the vehicle, and the employer pays the employees instalment obligations from the employee’s salary.
If the employee leaves their employer, the employee keeps the vehicle, including the instalment obligations, or arranges for their new employer to take over the instalment payment obligations.
Key Benefits,
For Employers
and Employees
- No risk of being left with unwanted company vehicles; if the employee leaves they take the vehicle and payment obligations with them.
- Tax benefits may apply for the employer’s business.
- Increases the effective value of a salary package – lease payments come from salary.
- Unlimited private use of the vehicle.
- Flexibility – complete choice of vehicle and where to purchase it.
- Never left without a vehicle—retain the vehicle even if changing jobs.
- Employee has effective control of the vehicle at all times.
- Employer will make repayments on behalf of the employee, removing the need to budget for payments.
Work With Us
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Tailored Financial Solutions
We understand that every client’s goals and circumstances are unique. Our strategies are carefully customised to meet your specific financial objectives, ensuring a solution that’s as individual as you are.
Unbiased, Client-Focused Advice
As independent advisors, we are not tied to any specific product or lender. This allows us to “shop around” for the best possible options, always keeping your best interests at the forefront.
Extensive Industry Experience
With years of expertise, we have a deep understanding of the financial landscape, enabling us to navigate complex scenarios and deliver high-value outcomes for both business and personal financial needs.
Comprehensive Service Offering
From asset financing to wealth management, our suite of services covers every aspect of financial growth. We provide end-to-end support, guiding you through each stage of your financial journey with confidence.