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.
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Home » Personal Finance » Personal Car Loans » Novated Lease
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Lendrive Pty Ltd T/A Lendrive Finance is a privately owned Australian company that facilitates consumer and commercial asset finance, business loans and personal loans. We are a brokerage company and not a lender. Lendrive Pty Ltd has no ownership affiliation or sponsorship with any other finance related company, We are independently owned and operated. We are not related to any other company that may share the name Lendrive outside of Australia.