As the Australian economy changes and world oil prices rise, the whole concept of the company car is shifting. Not that long ago the traditional fleet vehicle was a large six or eight- cylinder family car like the Holden Commodore or Ford Falcon - in sleek white. But with improvements in small vehicle safety, combined with superior economy and handling, and the rising popularity of novated leases, company cars are changing too.

And as Toyota cars overtakes Holden cars as the most popular new car dealer in Australia, other players are coming onto the scene, stealing the thunder from the two big car dealers.

How does a company car arrangement work?

Many employers are now offering their employees the option of including a company car in their salary package.

How does this work?

A car from the company's fleet is included in an employee's salary package as a fringe benefit. An arrangement is established between the employer and employee detailing all conditions of the contract, including (but not restricted to)

• determining how running costs of the vehicle are to be paid
• agreeing upon what the vehicle can be used for (business only, limited private use or total private use)
• maintenance issues
• any additional drivers allowed

Call the team at Advance Car Loans on 1300 798 873 for the lowest price with a new car discount and fastest delivery on these Hybrid vehicles. We can also provide you access to the best car loans in the country including novated lease, fully maintained novated lease, CHP, chattel mortgage, lease, secured car loan and many other car loan products.