ORIX Novated Leasing
Novated Leasing with ORIX is tax-effective, simple and flexible, with real benefits for both employees and employers. An ORIX Novated Lease is a great way for an employee to include the vehicle of their choice in a salary package, helping to optimise their salary while offering flexibility and convenience.
The ORIX Novated Lease option allows employees to choose the vehicle they wish to drive and the ability to pay for it through pre-tax salary deductions. It is similar to a salary sacrifice system, enhancing the remuneration package for employees and saving employers time and money spent on a company fleet.
Benefits of Novated Leasing for Employees
- Finance and running costs are GST exclusive and can be deducted in part or wholly from your gross salary, reducing taxable income and optimising your take home pay.
- Choose a vehicle that suits your lifestyle and the vehicle may be able to be retained if you change jobs.*
- Benefit from ORIX’s national purchasing power on vehicle prices, service costs and fuel discounts from our preferred suppliers.
- A comprehensive range of lease options, inclusions and accessories are available to suit your individual needs.
Benefits of Novated Leasing for Employers
- A great way to attract and retain high calibre employees through offering the advantages of Novated Leasing.
- Removes the administration burden, cost, residual risk and maintenance risk of maintaining a company vehicle fleet.
- Employers are not responsible for vehicles when employees leave their employment.
- ORIX provides all the necessary salary package calculations and reporting for the employer’s payroll department .
- ORIX has the flexibility to work within most company policies.
ORIX New Zealand has over 25 years’ experience in providing innovative leasing and finance solutions that answer the needs of kiwi companies. Our Novated Leasing product is the only one of its kind in New Zealand.
We have representatives in Auckland, Palmerston North, Wellington and Christchurch, serving businesses from the Far North to the Deep South. All our account managers have extensive experience in the car leasing and fleet leasing industry, and take the time to understand your needs before tailoring a package which considers all of the options.
Note: Credit criteria and terms & conditions apply. This summary is intended to provide general information about our products and services, current as at August 2017, but could change without notice. The contents do not constitute financial or taxation advice and should not be relied upon as such.
* The Novated Lease of the vehicle will revert back to you unless a new employer takes over the contract. Some maintenance and running costs may need to be paid directly to suppliers if you are unable to transfer the Novated Lease contract to your new employer.
