Lendrive Finance provides Novated Lease loans. A novated lease is a three-way agreement between the lender, the employer and the employee. In short this is how it works.
Firstly you enter into a novated lease agreement with the lender. Then your employer signs the novation agreement with the lender. Then your employer will pay the lease repayments and deducts the cost of the lease from your pre-tax salary.
If you have a salary sacrifice agreement offered by your employer then Lendrive can help you get a car lease. Then your employer will deduct these payments and Fringe Benefits Tax (FBT) from your pre-tax salary and decrease your net taxable income, this often saves people thousands of dollars in the process.