You provide the benefit. We do the work.
A better employee benefit. Without creating more work for your business.
Express Fund provides a complete novated leasing service for your employees, from their first enquiry to vehicle finance, payroll implementation and ongoing management.
No cost to establish. Minimal administration. Personal service for every employee.
Register your companyWhy offer novated leasing?
Attract and keep good people
A novated lease can save an employee thousands of dollars a year on a car. It is a benefit that people notice when they compare jobs.
No cost to your business
The lease payments and running costs come out of the employee's salary. There are no fees for the employer, and the employee pays any fringe benefits tax through their own contributions.
Little work for payroll
Your payroll team adds one deduction for each employee who takes a lease. We send clear deduction amounts and tell you when they change.
No liability for the vehicle
The lease is between the employee and the finance company. If the employee leaves, the lease goes with them and your obligations stop.
How to get started
Send us your details
Complete the short form below with your company, payroll and contact details.
Sign the employer agreement
We contact you to confirm your payroll contact and send a short employer agreement for your company to sign.
Tell your team
We activate your company and can give you a page to share with your employees. They apply online at their own pace.
Set up the deductions
When an employee's lease is approved, we send the salary deduction details to your payroll contact.
Employer onboarding
You provide the benefit. We do the work.
Send us your details. We will contact you within 1 business day.
Questions from employers
Does it cost my business anything?
No. The employee pays for the lease and the running costs through their salary. We do not charge employers a fee.
What does our payroll team need to do?
For each employee with a lease, payroll deducts an amount from pre-tax salary and an amount from post-tax salary each pay cycle, and pays it to us. We send the amounts and any changes.
What happens if an employee leaves?
The lease belongs to the employee. When they leave, the novation agreement ends and your obligations stop. The employee can continue the lease with a new employer or pay it out.
Do we have to register before our employees can apply?
No. Your employees can apply now, and we contact you to set things up. Registering first makes approval faster for them.
Who needs to sign the employer agreement?
A person who can sign contracts for your company, usually a director. We confirm who that is when we contact you.