Salary packaging — Novated Leases
If you’re looking to make the most of a salary package, a Novated Lease can put a brand new Volkswagen in your driveway for less.
What is a Novated Lease?
A Novated Lease is simply an agreement between you, your employer and Volkswagen Finance. We own the vehicle and your employer makes payments from your pre-tax income for an agreed length of time.
That not only means less work for you — it could also save you thousands compared to the cost of buying a vehicle after tax.
At the end of your Lease
When your Lease ends, you have the option of upgrading to a new model under a new Lease. Remember that if you leave your job, your new employer will have to take over the Lease payments by renewing the novation agreement.
Benefits for employers
If you’re an employer, a Novated Lease can be a simple and cost-effective way to add value to your employees’ salary packages, helping you find and keep talented staff.