Brokerage offering novated leasing and vehicle sourcing

The new offerings include novated leasing and nationwide vehicle sourcing, complemented by a recently launched partnership program featuring shared commissions for vehicle salespeople.

Arthur Peios, head of the asset and business division, said that Bell Partners Finance can now provide novated leases, allowing customers to bundle the cost of vehicles and running expenses into a single pre-tax monthly repayment.

“Novated leasing can be a simple and cost-effective solution for employers to attract and retain the best staff, while benefiting from reduced payroll and fringe benefits tax (FBT) obligations,” Peios said.

“A novated lease is a method of financing a vehicle purchase which uses your pre-tax income to repay the loan.

“Eligibility for a novated lease relies on consent from an employee’s employer to participate in the arrangement.

“While the vehicle and loan are in the employee’s name, the employer is required to agree that they will make the repayments to the lender on the employee’s behalf as part of the salary package, and the arrangement may result in FBT obligations for the employer where the vehicle has a percentage of private use.”

In addition to novated leasing, Bell Partners Finance is now offering vehicle sourcing services.

“Whether you are looking to purchase one car or 100, we can save you time and money when buying your next vehicle through our network of fleet sale contacts, avoiding the high overheads that dealers need to cover for their sales staff, premises, and other costs,” Peios said.

“We can also arrange test drives at your home or office at a time convenient to you.”

Real estate agent referrer partnership launch

This comes as the brokerage launched a new referrer partnership program to offer real estate agents share commissions paid by lenders.

Through the new referrer partnership program – titled the Bell Partners Finance Real Estate Partner Program – Bell Partners Finance aims to enable real estate agents to help their clients through better access to lenders and loan options, while simultaneously boosting revenue streams with shared commissions.

The brokerage’s managing director Mark Stevenson said Bell Partners can streamline the home buying process for property professions through connecting buyers with suitable lenders, while guiding them through the home loan application and approval process.

Bell Partners also announced a similar program offered to salespeople within the asset finance sector prior to this partnership program.

[RELATED: Brokerage to offer shared commissions to real estate agents]

Adrian Suljanovic is a journalist at Broker Daily with more than two years experience reporting on all facets of the third party distribution channel.

Adrian has written for a range of business and finance titles including IFA, Investor Daily and Lawyer’s Weekly before joining the mortgages team in 2022.

He graduated from the University of Wollongong in 2021 gaining a Bachelor of Communication & Media with a major in Digital & Social Media.

E-mail Adrian at: This email address is being protected from spambots. You need JavaScript enabled to view it.