Think you’re stuck with whoever your employer uses? A lot of the time you’re not. You can often bring your own financier and get a much sharper rate, while your existing packaging company just handles the payroll side. Let’s check.
It’s on your payslip or your quote, names like Maxxia, Smartsalary, Paywise, SG Fleet. Or just pop in your employer.
A novated lease has two separate jobs: someone arranges the finance, and someone handles the payroll and FBT admin. Normally your provider does both and makes a margin on the finance. With a BYO (or “self-managed”) lease you bring your own financier for a sharper rate, and your existing packaging company just does the admin for a small fee.
The big packaging companies usually allow it, they still get paid to administer it. It’s often not offered up front, because they’d rather keep the finance. That’s exactly why it’s worth asking.