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Nodifi expands into novated leasing

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Sarah Buckley 1 minute read

The asset finance platform has released a novated leasing service for its network of brokers and dealers.

The platform’s new motor vehicle leasing offering is being made available on a ‘tick and flick’ referral basis for all current and future Nodifi partners, with the platform saying it will provide a “full service offering”, including end-to-end administration of a fully maintained lease.

According to Nodifi, the novated leasing offering comes as the platform prepares for the launch of its redeveloped origination platform, marketing solutions and a brand refresh.

Nodifi chief operating officer Tim Wells commented: “Novated leases add another string to our partner’s bow and should decrease the amount of deals lost to competing novated lease products – something which has been evident over the years.”

“It also sets a new standard within the industry, as we look to push the boundaries of what’s possible in this space. Innovation has always been at the forefront of our business and 2021 will be testament to this – we’re excited for what’s to come,” he said.

He concluded: “Our goal is simple: simplify asset finance for brokers and dealers.”

During the peak of COVID-19 last year, asset finance took a hit as consumer spending on personal finance reduced and focused on deposits and mortgages. However, asset finance has been ticking up recently. According to the latest lending data from the Australian Bureau of Statistics, the value of new loan commitments for fixed-term personal finance rose 13.2 per cent in November 2020, seasonally adjusted, mostly due to increased commitments for vehicles.

[Related: Asset Assistance]

Nodifi expands into novated leasing
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