Brokerage offering novated leasing and vehicle sourcing

Brokerage Offering Novated Leasing and Vehicle Sourcing

Bell Partners Finance (now Evolve Lending & Finance) was featured in Broker Daily following the expansion of its asset and business lending division to include novated leasing and nationwide vehicle sourcing services.

Arthur Peios, Head of the Asset and Business Division, outlined the mechanics of the novated leasing offering. The arrangement allows employees to bundle the cost of a vehicle and its running expenses into a single pre-tax monthly repayment, effectively reducing taxable income while covering both the finance and the day-to-day costs associated with the car. For employers, the program offers a way to attract and retain staff through an attractive salary packaging benefit, with the added advantage of reduced payroll tax obligations, though Peios noted that FBT obligations would apply where there was a private use component.

The vehicle sourcing service complemented the finance offering by giving clients access to fleet sale pricing across new and used vehicles, from a single purchase through to fleets of 100 or more. By working through a network of fleet contacts rather than a traditional dealership, clients could avoid the overhead costs built into standard dealer pricing. Peios also noted that test drives could be arranged at a time and location convenient to the client, including at their home or office.

The expansion came alongside the launch of the Bell Partners Finance Real Estate Partner Program, a referral arrangement through which real estate agents could share in lender commissions for home loans originated on behalf of their buyers. Mark Stevenson described the program as a way to streamline the home buying process for property professionals, connecting buyers with suitable lenders while guiding them through the application and approval process.

Interested in novated leasing, vehicle sourcing or asset finance? Contact Evolve Lending & Finance to find out how we can help.