Put yourself in the driving seat with affordable fixed monthly payments. Choose between a maintained lease that covers all running costs, or a finance-only lease. Plus there are flexible end of lease options too.
Novated Leasing is a tax-effective way to get the car you want right now. With a FleetPlus Novated Lease you could end up with more money in your pocket, while also overall reducing your taxable income.
Take advantage of our fleet discounts and national buying power to secure a great price on your new car. Let FleetPlus do all the leg work for you and purchase the vehicle on your behalf. See how much you can save.
You can save thousands on the vehicle purchase alone with FleetPlus' buying power.
A Novated Lease agreement uses your pre-tax salary, meaning you save thousands each year.
Because payments are made out of your pre-tax salary, you pay less tax and take home more pay.
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This calculator is provided for illustrative purposes only. The figures are estimates and do not constitute a quote or offer.
The figures are based on the information you provided and a number of assumptions.
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This calculator is provided for illustrative purposes only. The figures are estimates and do not constitute a quote or offer.
The figures are based on the information you provided and a number of assumptions.
A fully maintained Novated Lease takes care of the car finance and your running costs in one fixed repayment.
One affordable fixed monthly repayment for ease and peace of mind.
Log book servicing and discounts on repairs, maintenance, parts and labour.
Competitive pricing on tyre replacements and repairs.
Covers registration and CTP in your monthly payment.
Discounted fuel at thousands of outlets across Australia.
Competitive options for your Insurance needs.
A fully maintained Novated Lease takes care of the car finance and your running costs in one fixed repayment.
Without a FleetPlus Lease | With a FleetPlus Novated Lease | ||
---|---|---|---|
Annually | Annually | Weekly | |
Annual Salary | 0 | 0 | 0 |
Lease Cost | 0 | 0 | 0 |
Input Tax Credits Claimed | 0 | 0 | 0 |
Pre Tax Deduction | 0 | 0 | 0 |
FBT Payable | 0 | 0 | 0 |
Luxury Car Charge | 0 | 0 | 0 |
Employee Contribution GST | 0 | 0 | 0 |
Taxable Annual Salary | 0 | 0 | 0 |
Tax Payable (inc Medicare) | 0 | 0 | 0 |
Vehicle Costs Not Sacrificed | 0 | 0 | 0 |
Employee Contribution | 0 | 0 | 0 |
Take Home Pay | 0 | 0 | 0 |
Generally speaking yes, but you need to check with your employer that they offer this benefit.
Yes. As it allows you to use a salary packaging arrangement to pay for the Leasing and some car running costs from your pre-tax income, you can end up with more money in your pocket. This method can also reduce your overall taxable income.
No, there are two main types of Novated Leases: a non maintained, or a fully maintained Lease. With a non maintained Lease, as an employee, you are responsible for meeting your vehicle’s running costs, with just the Leasing cost coming directly out of your salary. While a fully maintained Lease lets you bundle the vehicle finance and all running costs into the one fixed payment per pay cycle which utilises pre-tax income.
A Novated Lease lets you use pre-tax income to pay for your vehicle repayments, which is a tax-effective strategy not available with a standard loan. Making repayments this way can also reduce your overall taxable income, to give you more money in your pocket. A Lease arrangement also gives you more options at the end of the Lease period. You may pay out a residual and own the vehicle, extend the Lease for a further term or upgrade to a new vehicle – all without the hassle of having to dispose of the vehicle yourself.
John talked to his employer about taking out a three year Novated Lease when he wanted to buy a brand new Mazda CX5. With an annual salary of $75,000, John used Salary Packaging to make his lease payments from pre-tax income reducing his annual taxable income to $69,173 and increasing his overall net salary.
John is now better off by $2,244 a year or $187 a month
Sarah has been in the workforce for a number of years and wanted a large vehicle that was suitable for recreation and long distance road trips. She estimated that she would be travelling 15,000 kms a year and with a Novated Lease she would like to update her vehicle every two years.
Sarah is now better off by $3,878 a year or $332 a month
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Important Information: Information was current at time of publishing and is subject to change. Testimonials are of individual experiences of customers of FleetPlus and are not necessarily representative of all those who will use our products and/or services. Information on this website is general in nature and does not constitute financial or tax advice and does not take into account specific financial circumstances, situations or needs. Independent financial and tax advice should be sought. All applications for credit are subject to credit approval criteria. Terms and conditions, fees and charges apply. Before making a decision in relation to comprehensive motor insurance please read the Product Disclosure Statement, Financial Services Guide and Target Market Determination and consider whether this insurance product is right for you . FleetPlus is an Authorised Representative (AR 270321) of the comprehensive motor vehicle issuer Allianz Australia Insurance Limited (ABN 15 000 122 850 AFSL 234708). FleetPlus may receive financial benefits in connection with its products and services.
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