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Payments are taken from your pre-tax salary by your employer. Choose to pay monthly or quarterly over a term of two to five years.
We’ll own the car and you can offer to buy it at the end of your lease agreement.
Take out a minimum $10,000 loan with no maximum amount.
If you move employers, the lease and vehicle move with you (if your new employer agrees).
Giving employees the opportunity to buy a car with pre-tax income may increase their take home pay.
Salary packaged vehicles are neither an asset or a liability, so there’s no impact on your balance sheet. Plus, if your employee leaves, the lease is theirs.
The information on this page is for general information purposes only and has been prepared without considering your objectives, financial situation or needs. You should, before acting on the information, consider its appropriateness to your circumstances.
Applications are subject to the Bank’s normal credit approval and suitability of the asset. Fees, charges and conditions apply. Full terms and conditions will be provided with any agreement upon credit approval.
Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information.