Personal Loan Education

03/12/2009

ME Bank and Leasexpress have released a new loan type product allowing employees to salary package new and demonstrator vehicles. Known as a novated lease agreement, the vehicle costs are deducted by your employer as a regular payment from your salary package, which covers the lease repayments, fuel, vehicle registration, full comprehensive insurance, servicing, repairs and tyres.

Employees can choose a new or demo vehicle that suits their lifestyle using our online calculator. There are attractive, transparent pricing resulting from low financing costs and bulk discounts achieved by Leasexpress on vehicle prices, fuel and running costs. All repayments, fuel, tyres and maintenance expenses are tax effective and paid from your salary package.

The deal includes unlimited private use plus convenience of a vehicle expense card to pay all running costs. The lease package and car are transferable from employer to employer.

Source: ME Bank

Previous Article  Next Article