Jump to content
SAU Community

leases

Zman

By Zman,
in General Automotive Discussion

 Share

Recommended Posts

Zman Proficient

Zman

Posted
  • Author
Posted

i just copied this from the supanova site :P

A Novation Agreement– What is it ?.  

A Novation Agreement, when used in conjunction with a vehicle lease represents an agreement between three parties being the employee (lessee), the financier and the employer. The employee leases the vehicle in their own name from the financier, then by attaching the Novation Agreement the following occurs.  

-The employer takes over all the obligations of the lease except for the residual value which remains the obligation of the employee.  

-These obligations remain whilst the employee remains employed. During this period the employer makes all lease payments to the financier from the employee’s salary.  

-If employment is terminated, the Novation Agreement is rescinded (ceased) and only the lease agreement between the employee and the financier remains. When the employee leaves their employment they are required to take the vehicle with them.  

.

Link to comment
https://www.sau.com.au/forums/topic/2529-leases/#findComment-46147
Share on other sites
blind_elk Grand Master

blind_elk

Posted
Posted

PeteSmith's is probably a 'conventional' lease, which is paid for with 'after-tax' money, ie take-home pay.

With a novated lease, you effectively pay for the lease with 'before-tax' money, by sacrificing some of your salary for the cost of the lease.

It can be an effective way to reduce PAYE tax, particulary if you are earning in the top tax bracket (> $50k), because it lowers your take-home pay, and the lower take-home pay attracts a lower tax rate.

Link to comment
https://www.sau.com.au/forums/topic/2529-leases/#findComment-46167
Share on other sites
IML337 Explorer

IML337

Posted
Posted

I can highly recommend Leaseplan.

I can highly recommend against Orix.

I am about to find out how good MacMillan-Shakespeare are...

If you work for a large company they may already have an agreement with a preferred fleet company... There are age restrictions on the cars you can lease with the bigger lease/fleet companies though.

Novated Leasing rocks if you set it up correctly, and drive enough km to get the FBT down :D

Any questions, let me know, I'm about to enter my second one :cool:

Link to comment
https://www.sau.com.au/forums/topic/2529-leases/#findComment-47138
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing


  • Latest Posts

    • Duncan
      After market rear camber arm adjustment

      By Duncan · Posted

      Then, shorten them by 1cm, drop the car back down and have a visual look (or even better, use a spirit level across the wheel to see if you have less camber than before. You still want something like 1.5 for road use. Alternatively, if you have adjustable rear ride height (I assume you do if you have extreme camber wear), raise the suspension back to standard height until you can get it all aligned properly. Finally, keep in mind that wear on the inside of the tyre can be for incorrect toe, not just camber
    • V35Newbie
      After market rear camber arm adjustment

      By V35Newbie · Posted

      I know I have to get a wheel alignment but until then I just need to bring the rear tyres in a bit they're wearing to the belt on the inside and brand new on the outside edge. I did shorten the arms a bit but got it wrong now after a few klms the Slip and VDC lights come on. I'd just like to get it to a point where I can drive for another week or two before getting an alignment. I've had to pay a lot of other stuff recently so doing it myself is my only option 
    • Duncan
      After market rear camber arm adjustment

      By Duncan · Posted

      You just need a wheel alignment after, so just set them to the same as current and drive to the shop. As there are 2 upper links it may also be worth adding adjustable upper front links at the same time; these reduce bump steer when you move the camber (note that setting those correctly takes a lot longer as you have to recheck the camber at each length of the toe arm, through a range of movement, so you could just ignore that unless the handling becomes unpredictable)
    • V35Newbie
      After market rear camber arm adjustment

      By V35Newbie · Posted

      I got adjustable after market rear camber arm to replace the stock one's because got sick of having to buy new rear tyres every few months. Can anyone please let me know what the best adjustment length would be. I don't have the old ones anymore to get measurements. I'm guessing the stock measurement minus a few mm would do it. Please any help on replacing them would be fantastic I've watched the YouTube clips but no-one talks about how long to set the camber arm to.
    • GTSBoy
      Unpeeling the Orange

      By GTSBoy · Posted

      Heh. I copied the link to the video direct, instead of the thread I mentioned. But the video is the main value content anyway. Otherwise, yes, in Europe, surely you'd be expected to buy local. Being whichever flavour of Michelin, Continental or Pirelli suits your usage model.
×
×
  • Create New...