Alliance Credit

Alliance Credit arranges Novated Leasing for employees and employers across Australia from its Balmain office in Sydney, operating as a finance brokerage established in 2002 under Australian Credit Licence 429300.

• Structures the three-way novation agreement between employee, employer and financier, with lease repayments funded from salary before tax so employees need a smaller share of gross pay to run a vehicle.
• Advises on fringe benefits tax treatment, including the Employee Contribution Method, where employee contributions to running costs reduce the FBT charged on a fully maintained novated lease.
• If employment ceases, the novation ends and obligations revert to the employee, keeping the lease portable between jobs and letting the employee retain any equity built over the term.
• Directly accredited with more than 30 lenders across Australia, including major banks and credit unions, with directors bringing over 30 years of combined finance experience.

Best for: employers that offer salary packaging and want a broker to arrange novated leases for staff, and employees seeking to include a vehicle in their salary package.

Alliance Credit supports Salary Packaging of motor vehicles through novated leases, helping Australian employees fund a car from salary before tax via its Sydney brokerage.

• The financier and employer claim input tax credits for GST, passing the benefit on so the arrangement is effectively free of GST for the employee.
• Vehicle leasing contracts run from 24 to 60 months with fixed interest rates and fixed monthly rentals, so costs are known in advance.
• The brokerage was established in 2002 and holds Australian Credit Licence 429300.

Best for: employees whose employer offers salary packaging and who want a vehicle included in their package through a novated lease.