About Novated Lease Deals:
A novated lease is becoming a popular and convenient way to lease a car. In fact, employers use novated leases to lease automobiles on behalf of their employees. While the employee is responsible for the lease, including payments and maintenance of the vehicle, the novated lease's payments are taken out of the employee's pre-tax income (also known as "salary packaging" a vehicle). One company making head way in the business of novated leases is Novated Lease Deals (appropriately called) that saves people time shopping around for lease deals by putting all deals in one convenient place: the Novate Lease Deals Web site.
About the Novated Lease Deals Web Site:
While the Novated Lease Deals Web site is based in Australia, the company is entering the Chicago market helping Chicago businesses and residents find affordable lease deals. The site's strength lies in its ability to pool hundreds of leasing opportunities into one place allowing people to find the best car lease deals for them by only having to visit one Web site. The site's functionality is simple: Choose the make and model of the car you want and then insert your budget per month. The site will bring back online quotes that include terms, mileage per year and more.
Cars Available with Novated Lease Deals:
Novated Lease Deals' vehicle inventory is extensive and includes a variety of cars people can choose by make, model and price. Examples of available cars include a 2012 Audi A1 1.6 TDI starting at about $660 a month and a 2012 Suzuki SX4 Adventure AWD starting at $520 a month. Novated Lease Deals also has higher end cars available for leasing such as a 2012 BMW 3 28i Modern Line starting at $1543 per month and a 2012 Porsche Panamera 4 starting at $5819 per month. (Worth reading: New Cars Coming Out in 2013 and Best Cars of 2012)
Benefits of a Novated Lease:
There are many benefits of using a novated lease. One of the top reasons is its tax savings. Because payments for a novated lease are taken out of an employees's pre-tax income, people can save money by having a lower tax rate. There is also the benefit of having complete access to the car even though it is leased. And if an employee is to leave the company, they can take the novated lease with them and have their new employer take over the lease agreement as part of the employee's compensation package. (Suggested Reading: Should I Lease a Car? and A Guide to Buying Vs. Leasing Your Next Car)
Additional Benefits of a Novated Lease:
Additional benefits of a novated lease include leased payments that are fixed for the entire term of the lease, which is generally 24-60 months. Employers also benefit from a novated lease because they no longer have the expense of idle cars not being used in their fleets. And any equity in the lease that might have been gained while in the employee's possession can be the employee's to keep if the vehicle is sold at the end of the lease.
One more benefit of a novated lease is that the lease can help a company attract the best people possible to work for them. Employees consider a novated lease as a "company perk."
For More Information on Novated Lease Deals:
For more information on Novated Lease Deals, you can visit their Web site. The site offers interested lease buyers the opportunity to search for leases by make, model and price. For additional information not found on the Web site, you can send an e-mail to enquiries@Choice4u.com.au. The company is expanding their presence in the Chicago market and will have a dedicated 800-number available soon. Check back for more details.
