Put simply, we buy your car (that is not currently novated with nlc) from you and lease it back to you using a novated lease. This can be a worthwhile financial tool if you choose to use the cash you receive for other purposes, such as a holiday or to pay off other loans or debt you may have.

Effectively, you could look at it as freeing up cash that is in your car but gaining all the tax benefits of a novated lease.

This is how you can benefit:

If the car you already own has an agreed market value greater than the amount you owe on the car (that is not currently novated with nlc), you have what is called equity in the car. For example;

Agreed Market Value of Car	$25,000
You Owe	$10,000
Your Equity	$15,000

 

 

 

 

 

 

So if you were to sell the car to nlc for an agreed Market Value of $25,000, you pay the $10,000 you owe and keep the $15,000 equity to do whatever you wish.

You may use it to pay off a credit card or put it to a holiday for the family. It's your money.

As we lease the vehicle back to you, you now receive the tax benefit and can enjoy the other features and benefits provided by an nlc novated lease.

There are terms and conditions to a Sale and Lease Back. Check your employer's salary packaging policy and speak to an nlc consultant to fully understand this product.

nlc advises you check with your accountant before entering into any financial agreement; no matter how good the finance deal, you never want to commit to more than you can afford.