Employers have a new powerful tool to meet ESG goals while luring and retaining employees – the EV novated lease providers. This arrangement allows employees to save on new electric vehicles and package their car expenses into one affordable regular payment.

A recent survey found that while the price barrier remains a concern for many Australians, younger workers are likelier to switch to a novated lease.

ORIX

ORIX Corp is a financial services company based in Japan. It offers leasing, lending, rental, investment and operation, and other fee businesses. Its numerous divisions finance leases for large-ticket items like ships, aeroplanes, and technology equipment. It also operates a retail and overseas trade. The company was founded on April 17, 1964, and is headquartered in Tokyo. The company is best known for its automotive leasing and loan division, an industry leader in Japan.

Currently, ORIX is focusing on developing new business opportunities, including EV leasing and e-mobility solutions. It has established several specialised businesses to meet the growing demand for these products and services. Its corporate philosophy is to provide creative and flexible financial solutions for customers and contribute to society.

The company’s EV leasing business provides an alternative to traditional vehicle ownership for employers and employees through a monthly payment. It also helps businesses reduce their operating costs and capital expenditure. In addition, the company provides maintenance and accident repair services for the leased vehicle at no additional charge. ORIX’s EV leases also cover fuel costs, benefiting companies looking to reduce their environmental impact.

In addition to EV leasing, ORIX offers its clients various other financing services. These include unsecured, mezzanine, and equipment leasing credit products. The company also provides advisory services on mergers and acquisitions, capital markets, and financial restructuring. It is a subsidiary of ORIX USA Corporation.

ORIX’s leasing solutions are available in the EV market for new and used vehicles. They offer a variety of terms, such as 24 months to 60 months. The company also offers competitive interest rates, flexible financing, and low down payments. In addition, they provide a wide range of car brands and models.

ORIX also provides its fuel card, called WeCharge, which allows drivers to refuel their EVs at five brands of service stations in Japan: ENEOS, Cosmo, apollostation, Idemitsu SS, and Shell SS. The service supports integrated vehicle management, including standardisation of fuel costs and unified billing. It is also a member of the Global Electric Vehicle Alliance, which provides a network of charging stations across Japan.

Maxxia

Novated leasing is a way to pay for the cost of a car with money from your salary before tax, which can lower your taxable income and put more money in your pocket. It also helps you to save on fuel costs and other running expenses. It can be used for any car, including electric vehicles (EVs). If you want a novated lease, Maxxia offers an app to help you manage your benefits and track expenses.

EVs are powered by electricity and can be driven for long distances on a single charge. They can be charged at home or in public charging stations. These vehicles are environmentally friendly and can save you a lot of fuel and maintenance costs. However, there are some differences between an EV and a petrol car. EVs can be leased through a novated lease, a three-way agreement between you, your employer, and the Government of South Australia. You can choose from two options – fully maintained and self-managed. The former involves Maxxia taking care of all the car setup and ongoing management. It can include budgeting, sourcing, registration and breakdown assistance, and insurance.

An EV novated lease is available for new and used cars, with full electric and plug-in hybrid models available. A complete electric vehicle uses only its battery to power the motor, while a plug-in hybrid (PHEV) has a petrol engine and an electric motor. An EV can be used for city and highway driving and can travel up to 400 km on one charge.

As the Australian population shifts to electric vehicles, more employers are offering novated leases for them. It is excellent news for employees, as it allows them to drive an affordable and comfortable car that’s good for the environment. As a result, many workers want to work for organisations that offer these incentives. For more information about the EV novated lease providers, click here.