Jump to content
SAU Community

Recommended Posts

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-If employment is terminated, the Novation Agreement is rescinded (ceased) and only the lease agreement between the employee and the financier remains.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

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

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


  • Latest Posts

    • Forgot to include this but this is the mid section of my steering rack that looks like it has a thread/can be turned with that notch mentioned in the post:
    • Hey everyone, Wanted to pick some brains about this issue I'm having with rebuilding my 33 rack (PN is 49001-19U05). All of the tutorials/videos I've seen online are either R34 or S Chassis racks which seem to be pretty straightforward to disassemble but this process doesnt carry over to my rack. Few of the key differences that I've noted The pinion shaft on the other racks bolt on with 3 torx bolts: Whereas my rack bolts on with 2 allen head bolts: These changes are pretty inconsequential but the main difference is how you pull the actual rack out of the housing. The other skyline/s chassis racks can be taken out by tapping the rack out of the body with a socket and it just slides right out. I'm unable to do that with my rack because there's a hard stop at the end that doesn't let the seal/shaft be tapped out. Can also see a difference in the other end of the rack where mine has a notch that looks like you're able to use a big wrench to unthread 2 halves of the rack whereas the other racks are just kinda set in with a punch. My rack: Other racks: TLDR; Wanted to know if anyone has rebuilt this specific model of steering rack for the R33 and if there were any steps to getting it done easier or if I should just give this to a professional to get done. Sorry if this post is a bit messy, first one I've done.
    • I would just put EBC back on the "I would not use their stuff" pile and move on.
    • Can I suggest you try EBC directly again and link them to as many competitor catalogues as you can to show their listing is incorrect, eg https://dba.com.au/product/front-4000-series-hd-brake-rotor-dba42304/ If you have access to an R33 GTST VIN and your VIN, you could also use a Nissan Parts lookup like Amayama to show them the part number is different between 33 GTST and 34 GTT which may get their attention
    • So i got reply from EBC and they just this site where you can clearly see those 296mm fronts on R34 GTT. I send them photos and "quotes" that 296mm are not for 34 GTT and they are too small. But it will be very hard to return them cuz nobody here knows 100% and they just copy those EBC catalogue :-D https://ebcbrakesdirect.com/automotive/nissan/skyline-r34
×
×
  • Create New...