Convenient banking
ANZ Papua New Guinea understands that most business entities try to provide the best opportunities for their employees. ANZ Papua New Guinea has developed a novated lease: a flexible payment option for a vehicle, for employees.
A novated lease is a type of finance available to employees to acquire a motor vehicle of their preference, as long as they meet the criteria and lending approval.
Features at a glance
- Regular payments over an agreed period
- Lease terms ranging from one to five years, depending on the type of vehicle (new or second hand)
- Minimum amount K15,000, with no maximum loan amount
- Variable or fixed interest rates available
- Repayments are generally tax deductible.
Benefits
For the employer:
- can be used as an attractive part of the employee’s salary package
- reduces the time spent on acquisition, management and disposal on the current fleet
- efficient use of company expense lines by passing all fleet costs (R&M, fuel, insurance) to employee salary expense
- reduces administration time and admin expense
- promotes longevity of service and loyalty
- engenders ownership
- creates wealth creation opportunities for staff
- attracts quality employees
- improves bottom line.
For the employee:
- lease payments are effected pre tax allowing for full allowance utilisation
- no deposit
- flexible terms
- no application forms and waiting time as facilities are all pre-approved
- no hassle vehicle acquisition
- includes servicing and insurance
- fixed interest costs
- low one off fee
- no restrictions on usage, kilometres or location
- opportunity to own the asset at the end of lease
- no application forms and waiting time as facilities are all pre-approved
- no hassle vehicle acquisition.
Apply now
Apply for finance leasing by:
- visiting your local ANZ branch
- call
+675 321 1079 to speak to a specialist today - sending us an online enquiry.
All lending is subject to ANZ Papua New Guinea’s normal credit approval criteria. Terms and conditions available upon request. Fees and charges apply.
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