Novated Leasing
Existing Customers
THE FLEETPLUS ADVANTAGE
FleetPlus Novated Leasing for Queensland Government employees
A Novated Lease from FleetPlus is a three-way financial arrangement between you as an employee, your employer, and FleetPlus.
The repayments are taken out of your pre-tax income every pay cycle in agreed repayments, and you could save GST on the purchase price of the vehicle if new. As your taxable income is reduced, you could even end up paying less tax.
Fully Maintained Novated Lease
Your pre-tax income is used to pay the finance costs, as well as the majority of the running costs including fuel, registration, maintenance, insurance, and more. When you establish the lease, a residual amount is set, and payable at the end of the lease term. There is also the option to extend the lease or sell the vehicle and use the funds to pay out the residual.
Non Maintained Novated Lease
While you get the benefits of financing your vehicle with your pre-tax income, and fixed monthly repayments, you are responsible for meeting all vehicle running costs separately.
Want to know more? Speak with our Novated Leasing specialists today on 1300 092 565
All QLD Government Novated Lease customers could benefit from:
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Discounted vehicles
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GST savings
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Discounted fuel and maintenance
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Vehicle choice
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Simple monthly repayments
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24/7 roadside assistance
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Discounted aftermarket products
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Comprehensive insurance
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A dedicated Novated Relationship Team
THE CAR YOU WANT, THE LEASE THAT FITS
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.
Phone Us For A Great Deal 1300 353 381
WHAT'S INCLUDED
Savings Breakdown
A fully maintained Novated Lease takes care of the car finance and your running costs in one fixed monthly repayment.
Vehicle Lease
One affordable fixed monthly repayment for ease and peace of mind.
Servicing & Maintenance
Log book servicing and discounts on repairs, maintenance, parts and labour.
Tyres
Competitive pricing on tyre replacements and repairs.
Registration
Covers registration and CTP in your monthly repayment.
Fuel
Discounted fuel at thousands of outlets across Australia.
Insurance
Competitive options for your insurance needs.
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consultation
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Frequently Asked Questions
Can all employees take out a Novated Lease?
Generally speaking yes, but you need to check with your employer that they offer this benefit.
Will a Novated Lease affect my take home pay?
Yes. As it allows you to use a salary packaging arrangement to pay for the finance costs, as well as the majority of the running costs including fuel, registration, maintenance, insurance, and more from your pre-tax income, you can end up with more money in your pocket.
Are all Novated Leases the same?
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 repayment per pay cycle which utilises pre-tax income.
Is a Novated Lease better than a personal car loan?
A Novated Lease lets you use pre-tax income to pay for your vehicle repayments, which is a tax-effective strategy not usually available with a standard loan. Making repayments this way reduces 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 the residual and own the vehicle, extend the lease for a further term or payout the residual and upgrade to a new vehicle – all without the hassle of having to dispose of the vehicle yourself.
Information current at time of publishing and is subject to change. All applications are subject to credit approval criteria. Terms and conditions, fees and charges apply.
Important Information: Information was current at time of publishing and is subject to change. *GST saving up to $6,334 (as per ATO guidelines, current at 01.07.2024). 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.
FleetPlus and the Queensland Government recommend that before acting on any information or entering into a Novated Leasing arrangement, you should consider your objectives, financial situation and needs, and, take the appropriate legal, financial or other professional advice based upon your own particular circumstances. You should also read the Standard Novation Agreement, Salary Packaging Participation Agreement and the relevant Queensland Government. Salary Packaging and Novated Leasing Information Booklets and Fact Forms available via the Queensland Government Arrangements Directory. The Queensland Government strongly recommends that you obtain independent financial advice prior to entering into, or changing the terms of, a salary packaging arrangement.
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