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Novated Leasing Process Explained

Congratulations on considering a Novated Lease. If you go ahead then you will be paying for your car expenses in a tax-effective way. Note that highlighted fields like this, can be clicked on to access further information. A ‘Back to Start’ button is available on the bottom of each page.

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Novated Leasing Process Explained

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  1. Congratulations on considering a Novated Lease. If you go ahead then you will be paying for your car expenses in a tax-effective way. Note that highlighted fields like this, can be clicked on to access further information. A ‘Back to Start’ button is available on the bottom of each page. Please click here to begin…. Novated Leasing Process Explained BEGIN

  2. First you need to submit your application • If your employer is registered with Easifleet then with your quote you will have received a novated lease application, an insurance declaration and also a novated deed. • For your application to be processed all of these forms need to be completed and returned, along with a signed copy of your quote and some supporting documentation. • Summary of Documents to Return • Signed copy of your quote (signed by both you and your employer) • Completed novated lease application • Your insurance declaration form • Your novated deed • Privacy and consent declaration • Your driver’s license (copy) • Your most recent payslip (copy) • Your rates notice or rental agreement (copy) • Please ensure that that you give us the most accurate and up-to-date information available. • We will advise you of the success of your application within 1 working day. • If your employer is not registered with Easifleet then you will need to arrange for them to complete the ‘Employer Registration Form.’ << Back Next >> Back to Start

  3. After your application has been approved… …we will go ahead and order your vehicle. If the vehicle was sourced by Easifleet then we will send an order through to our preferred car dealer. If the vehicle was sourced by you, then an invoice request will be sent to your dealer. Sometimes vehicles are in stock and available straight away, but sometimes they can take a long time to arrive (up to six months in some cases.) Unfortunately, we have no control over how long a vehicle takes to arrive. We will handle this part of the process for you. << Back Next >> Back to Start

  4. Once the car is ready for delivery… As soon as we receive a vehicle invoice from the dealer (meaning the car is ready for delivery), we can send you your finance lease document. This is a signed commitment from you that you will fulfil your obligation to pay the lease rentals for the duration of your lease. As soon as we receive your signed lease document we will submit it for settlement. Settlement will take one working day to complete. << Back Next >> Back to Start

  5. As soon as the lease settles… …the car is yours to take away. Congratulations! We trust you will enjoy your new car and welcome any feedback on how it is running for you. The insurance on your car will have already been arranged at this stage. Note that the excess on the Lumley Insurance Policy is $500.00. In order to commence payroll deductions we will issue a ‘Packager Advice’ form to either your employer or your salary packaging company. At this point you may like to check out our ‘How-To Guide’ by clicking HERE. This contains loads of useful information that you may need during your lease, such as what you should do when you need to get your car serviced. << Back Next >> Back to Start

  6. If you have a query about your lease… • Easifleet has established the  ‘Novated Relationship Team’ to assist lease holders with queries.  These may include • Changes of employer • Vehicle registration enquiries • Changes of contact details or address • Reimbursement of expenses • Fuel card enquiries • Package adjustments • To contact the NRT please call us on 1300 2 NOVATE (1300 266 828) or email nrt@easifleet.com.au.  << Back Next >> Back to Start

  7. Novated Deed The novated deed allocates the rights and responsibilities of the vehicle between you ,your employer and the financier. The deed states that all rights and responsibilities of the vehicle are that of the employee however the employer commits to making the lease payments for the vehicle while that person is still an employee with their organisation. This means that if the employees employment with that organisation ceases for any reason then the responsibility for the lease payments is transferred to the employee. IT IS VERY IMPORTANT FOR YOU TO UNDERSTAND THAT THE VEHICLE IS 100% YOURS, AND IF YOU LEAVE YOUR EMPLOYMENT, THE VEHICLE GOES WITH YOU. << Back Back to Start

  8. Finance Lease Document • This document is the actual lease of the vehicle. • The agreement is between you and the financier and outline the specifics of your agreement including: • The vehicle, including VIN number and Serial Number • The lease term • The residual value • The total payable rentals << Back Back to Start

  9. Privacy and Consent Declaration This document gives << Back Back to Start

  10. Rates Notice • This document is the actual lease of the vehicle. • The agreement is between you and the financier and outline the specifics of your agreement including: • The vehicle, including VIN number and Serial Number • The lease term • The residual value • The total payable rentals << Back Next >> Back to Start

  11. Employer Registration Form • This document is the actual lease of the vehicle. • The agreement is between you and the financier and outline the specifics of your agreement including: • The vehicle, including VIN number and Serial Number • The lease term • The residual value • The total payable rentals << Back Back to Start

  12. Invoice Request • This document is the actual lease of the vehicle. • The agreement is between you and the financier and outline the specifics of your agreement including: • The vehicle, including VIN number and Serial Number • The lease term • The residual value • The total payable rentals << Back Back to Start

  13. Lumley Insurance Policy • This document is the actual lease of the vehicle. • The agreement is between you and the financier and outline the specifics of your agreement including: • The vehicle, including VIN number and Serial Number • The lease term • The residual value • The total payable rentals << Back Back to Start

  14. Packager Advice • This document is the actual lease of the vehicle. • The agreement is between you and the financier and outline the specifics of your agreement including: • The vehicle, including VIN number and Serial Number • The lease term • The residual value • The total payable rentals << Back Back to Start

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