A tri-party car lease contract between an employer, an employee, and ALD Automotive. In the event of an employment separation, the contract is transferable to the next employer or even onto the employee personally*.
*Subject to credit check approval
What are the benefits?
• The lease payment comes from the pre-tax income, paid directly by the employer.
A lower taxable income = a lower payable tax!
• In case of employee separation, employees can now have their cars follow them to their new job, by transferring the lease on their own names or on their next employers’ names.