Get Finance Through Berwick City

We have access to a number of finance products for businesses and our Business Manager will work with you to find the best finance structure to suit your needs and use of the vehicle.

Novated Lease, a tax effective way to drive a new car.

A Novated Lease provides a convenient and flexible way to make your vehicle payments directly out of your monthly salary.
When you novate, you enter into a three-way agreement with your employer and Berwick City Finance, where your employer takes responsibility for the lease on your behalf. Your employer pays the monthly car lease payments, and provides the vehicle for you to use as part of your salary packaging arrangement.

A Novated Lease offers:

• The potential to save at tax time, where payments can be either a mix of pre and post salary reductions or entirely by way of pre tax salary reduction potentially reducing your taxable income.
• Control and flexibility with a choice of any vehicle. We can finance any vehicle to suit your lifestyle.
• Convenient and cashless motoring with all vehicle running costs, i.e. fuel and servicing to be included as part of the lease.

Novated Lease For Employees:

• Fixed payments for the term of the Novated Lease.
• A choice of car lease terms from 1-5 years.
• The potential to access vehicle discounts through BMG Fleet Management.
• Certain extra costs can be included in the amount financed, including on-roads costs including stamp duty, registration and CTP (where applicable)%.

Novated Lease For Employers:

• Access to discounts on servicing and maintenance when vehicle running costs are managed by BMG Fleet Management.
• No residual risk, as the residual value obligations always remain with the employee.
• "Off the balance sheet" accounting for the employer.
• Employers don't get lumbered with excess vehicles if an employee leaves as they take the vehicle with them.
• The ability to offer a more attractive salary package and attract employees.
• Reduced admin time and costs in comparison to company cars.
• We can arrange Novated Leases for your employees, saving you time and money.

If the employee changes their employment during the term of the Novated Lease, payment obligations are transferred to the employee. The employee may, however, be able to novate the lease to their new employer or take over the full repayments by refinancing under an alternative finance contract with us or another financier. This means an employer won't be left with unwanted vehicles if an employee moves on.

A variable-rate car loan is a type of loan where the interest rate may change throughout the term of the loan. This means that your monthly payments may vary, making budgeting more challenging.

An unsecured car loan is a type of loan where the car does not serve as collateral for the loan. This means that the lender takes on more risk by lending you the money, so interest rates may be higher.