Situation with a Vehicle Novated Lease - Advice Needed

SpIcYChIcKeNCuRrY on 10/12/2024 - 06:45
Last edited 10/12/2024 - 13:10 by 1 other user

Good morning all! TBH I'm not sure if this is the most appropriate forum but it is in regards to cars (novated lease through work) and would like to seek some advice / opinions.

Long story short, a couple of months ago, I had searched through google novated lease providers. One in particular listed my company I am working for, and I thought ok, I'll submit an inquiry etc. Looking at the quote, items and numbers were adjusted to suit as you would in these early enquires and numbers stacked up on my end and I decided to go ahead.

The NL company have ordered the vehicle I wanted, and this is something I should have checked with my employer early on, is I should have checked that the NL company had actually an arrangement with my employer. What triggered my thought was I saw an advert from my employer promoting NL lease with Maxxia; I thought strange that my employer did not promote the NL I am in discussions with.

I then contacted my employer's payroll, and they confirmed that they only deal with Maxxia.

So I took this information and emailed the NL company I had been talking to. The response was that recently, my employer got bought out and a reshuffle meant that they no longer deal with the NL company I was talking to. However, they want to 'make it work' and will talk to my employer.

Now keep in mind that at this stage, I have been issued a lease agreement and finance etc. are all sorted. All they need from me is a signature on the lease agreement. I have not signed this yet and will depending on what is the outcome of the 'discussions'.

I am not entirely sure what to do next because:

  1. A car has been ordered and presumably details of registration has been submitted with the road authority (as I filled in rego papers prior when the dealer contacted me).

  2. Would I cop any breaches of contract as the car was ordered and delivered go a dealer. TBH - I am not entirely sure if there are any breaches at all since no agreements was signed.

I am still keen to make it work with this NL company I have been in discussions with, but just wanted to hear any advice would be greatly appreciated.

regards,
Tony

Automotive Novated Lease

Comments

  • joka on 10/12/2024 - 07:13
    +15

    I strongly suggest you take a Time Machine and go back to speak to your employer before you order a car.

  • brad1-8tsi on 10/12/2024 - 07:35
    +2

    One of the first steps given on most Novated Lease websites is "Talk to your employer/payroll/HR".

    The response was that recently, my employer got brought out and a reshuffle meant that they they no longer deal with the NL company I was talking to.

    Is this correct? Did your company change ownership? When? If it's been a while then the NL company has put false information on their website. DO NOT GO AHEAD unless your payroll people are totally on board with the arrangement.

    BTW: In my dealings with Maxxia their finance is very expensive and you have to be quite pro-active in where your money gets spent to make a NL worthwhile.

    You must be earning heaps so why not seek proper advice?

  • 87percent on 10/12/2024 - 07:36

    At least with the NL company I’ve dealt with, they have an excess fleet inventory that people can select from straight away rather than ordering and waiting for delivery

  • smator on 10/12/2024 - 07:49
    +4

    From what you've said you haven't signed anything? If you haven't signed anything, they wouldn't have been able to organise your finance, so maybe double check what you've signed?

    Your employer isn't going to deal with another novated company, they'll likely have an exclusive agreement with Maxxia and even if they didn't have an exclusive arrangement, they're not going to go through all the paperwork required to bring on a new supplier just for you.

  • MS Paint on 10/12/2024 - 09:20
    +1

    my employer got brought out

    What did they do wrong? What were they exposed for?

    • jv on 10/12/2024 - 10:24
      +1

      Don't you bring your employer?

      • MS Paint on 10/12/2024 - 14:33

        Only to call in sick.

        bring bring
        Hello, MS Paints employer speaking
        Ummm I won't be in today, I'm sick
        hangup tone

    • Baysew on 10/12/2024 - 13:14

      Way to picky. I can advise you that OP had no problems with advice.

  • netjock on 10/12/2024 - 09:27

    You are going to get a talking to from management, HR and payroll. This kind of whoopsies don't go down well.

  • Duckie2hh on 10/12/2024 - 09:28
    +5

    6 months later…

    "Help I am stuck in a novated lease"

Login or Join to leave a comment
Login Join