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Novated Lease

Salary package with a Novated Lease and save!

novated lease

What is a Novated Lease?

A Novated Lease lets employees purchase a car using their pre-tax salary. A Novated Lease by Fleetcare gives real savings on vehicle purchasing costs as well as ongoing running and servicing costs. All bundled into one easy monthly repayment to give you more financial freedom, control and clarity.

How does a Novated Lease work?

When you sign up for a Fleetcare Novated Lease, monthly lease repayments are deducted from your (as the employee) pre-tax salaries which may lower income tax rates and increase disposable income.

Vehicle operating costs including maintenance, fuel cards, registration and insurance can also be included in the Novated Lease. Not to mention the bonus of not paying GST on vehicle expenses thanks to the employers tax status. So both employer and employee feel the benefit with a Novated Lease.

Why a Fleetcare Novated Lease?

Being Australia’s largest independent fleet management company means we are not biased and provide independent and clear information. We have no external stakeholders or parent companies to please meaning we focus all of our efforts on customer satisfaction. We're in the business of simplifying your life while saving you time & money.

Here are just some of the ways we differ from traditional salary packaging providers;

  • Other providers work on a reimbursement model, this means that you have to pay for running costs like maintenance and repair from your personal finances and then seek reimbursement from your provider. Fleetcare want to make your life simple, that's why we cover all your running costs up front so you're never left out of pocket.
  • Complimentary roadside assistance with the autoclub association comes standard with every lease.
  • No cost to change a novated lease structure throughout the lease. We want to make sure you get the best possible lease for your situation and circumstances.
  • If you do leave your current employer we can transfer your novated lease to a new employer at no extra cost.
  • Fully monitored servicing through our preferred network of repairers.
  • Being a fleet management company you get more than just a salary package service. We have dedicated expert teams for registration, fuel, maintenance & repair, all placed at your disposal & striving to simplify the novated lease process while saving you time and money.
  • Accident management in the event it is required.

 

What do the FBT (fringe benefit tax) changes really mean (May 2011)?

The new FBT system for company cars means that all drivers will now have a flat FBT rate of 20%. This means that all drivers (including those with below 15,000kms per year) will benefit from novated leases and high kilometre divers will now have 4 years to capitalise on larger savings.

Sound good to you? We thought so.

If you want to see how much you could save with a Novated Lease by Fleetcare please use our Novated Lease Calculator

If you would like a more detailed explanation on the benefits of a Novated Lease for employees or employers please select one of the links below or on the right-hand sidebar. 

Novated Lease benefits for Employers
Novated Lease benefits for Employees

Want to take the next step and talk to someone about a Novated Lease?

Simply Enquire Online or call a Novated Lease consultant on 1300 655 170

Call 1300 655 170
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