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Novated Lease Calculator
Frequently Asked Questions
What are the benefits of a Novated Lease?
A Novated Lease is flexible, convenient and offers you great benefits:
- Save on the purchase price of a vehicle by accessing our buying power
- Tax savings: save the GST on the purchase price, as well as GST on running costs
- Access our preferred supplier network and save on ongoing maintenance and tyres
- Enjoy convenient payments straight from your salary
- Enjoy the convenience of FleetPartners managing your vehicle expenses for you
- Enjoy the flexibility of designing the package to suit your needs
How is my Novated budget calculated?
FleetPartners will calculate the running cost budgets on your chosen vehicle based on how many kilometres you expect to travel each year. If your circumstances change and you find you are driving more or less than expected, we can revise your budget to reflect your current use.
You only pay for what you use under a Novated Lease. If you drive over or under what you nominate, we'll adjust your budgets accordingly.
At the end of your lease, we reconcile your Novated Lease and return any unspent budget to your employer, who will process it back to you less PAYG.
You can keep track of your budgets through our easy reporting or portal, MyCar.
How are my running costs managed?
FleetPartners do it all for you! Fuel cards are issued for your convenience; servicing, maintenance and tyres is organised and paid for directly via OneCall.
If you have opted for our comprehensive insurance you can be assured that your cover is in place for the life of lease. If you choose to include your own insurance in the package, you can simply pay your insurer and claim the cost back as a reimbursement.
We can pay registration renewals directly or again, you can pay it yourself and claim the cost back through the package.
We want to make things as easy as possible for you. A Novated Lease can be a cashless transaction once the package begins, but if you do find yourself out of pocket for any reason, costs can always be reimbursed to you.
Ready to find out how much you can save?
Important Information: Information is current as at July 1 2018 and is subject to change. *Weekly costs have been determined by comparing the post-tax position of including a car through a novated lease vehicle package with no leased vehicle and are based on 1) a 3 year term, 2) a residual value of 46.88% of the vehicle purchase price payable at the end of term, 3) Inclusion of finance and budgeted costs for: fuel, replacement tyres, maintenance, roadside assistance, accident management, registration, CTP and comprehensive insurance 4) Gross annual salary of between $80,000 - $120,000, 5) Vehicle purchased in VIC, 6) Annual km of 20,000, 7) Salary Sacrifice using Employee Contribution Method (ECM). The novated lease offers are only an indicative approximation and availability on the selected new vehicles and models shown may change at the time the lease quotation is completed and finalised. Your individual circumstances have not been taken into account and will affect the overall weekly cost amount and the benefits of a novated lease. This information is not intended as a substitute for any specific financial and tax advice which you should obtain. Credit Criteria, fees and charges, terms and conditions apply. These specials cannot be used in conjunction with any other offer. FleetPartners Pty Ltd ABN 63 006 706 836