Asset Lease Australia offers commercial finance services including novated lease and chattel mortgage. The novated lease offered by Asset Lease Australia is ideal for employers and employees having vehicles. Novated lease offered by Asset Lease Australia involves three parties including employee, employer and finance company. This novated lease differs from hire purchase agreement and Chattel mortgage from various aspects.
Employee and employer are benefited by this novated lease. Novated lease offers the option of choosing any type of car by the employee. These vehicle opted by the employee can be used for private use also. If the vehicle opted by the employee is GST registered, then employer can claim an input tax credit on each payment made. If the employee is terminated, the employer is not engaged in disposing the vehicle.
Chattel mortgage from Asset Lease Australia is ideal for businesses who account for GST based on the cash. Chattel mortgage provides range of cash flow benefits. It helps in claiming the full GST paid on an asset, the amount claimed can be retained for assisting the cash flow. Chattel mortgage from Asset Lease Australia provides flexible flow of cash.