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A Novated Lease with ORIX is cost-effective, simple and flexible, with real benefits for both Employees and Employers.

Employee Benefits

• Choose the vehicle you want

  Select a vehicle that suits you and keep it if you change jobs. The vehicle can be new, used (no more than 10 years old at the end of the lease) or a luxury vehicle. We can even purchase your current vehicle and lease it back to you.

• Maximise your net income

  Gain tax advantages such as reduced taxable income and potentially a higher net income by allowing lease rentals and vehicle costs to be deducted from your gross salary, before PAYE tax and the Medicare levy, and income tax is charged on the remainder.

• Discounted rates on vehicles and running costs

  Obtain fleet discounts on vehicle purchase and running costs. You are able to save on GST that would normally be incurred on vehicle expenses provided your employer can claim input tax credits.

• 24-hour online access to information about your vehicle

  Simply and easily track actual vehicle expenses against budgeted expenses and review any individual transaction relating to your car. If you are travelling under or over your budget, or are using excessive fuel, or have even missed a service, we will remind you when you log in.

Employer Benefits

• Retention of valuable employees and reduction in costs

  Increase employee satisfaction and become an employer of choice by offering salary packaged vehicles that reduces payroll tax and WorkCover insurance which are calculated on an employee's gross wages.

• No vehicle liability

  If an employee leaves your organisation, your obligation to make lease payments stops and you are not left with a redundant vehicle. The residual value of the vehicle also remains the responsibility of the employee.

• No administration burden

  Our customer service and account management teams deal directly with your employees delivering salary packaging assistance, Novated Lease education, employee communications, vehicle reporting and any other information necessary to maximise the benefits of their Novated Lease vehicle.

• Access to our online Customer Centre and Reporting

  Advanced 24-hour online capabilities allows you to view or schedule (for regular e-mail delivery) reports relating actual to budget, carbon emissions and carbon footprint for all ORIX leased and managed vehicles. Our driver reporting assists you and your employees to monitor and manage vehicle running costs and FBT associated with a Novated Lease more effectively.