Queensland Government

Employee Novated Leasing Benefits

FleetPartners provide simple, hassle free car leasing solutions.

A Novated Lease is one of the most convenient and cost-effective ways to get a car and Queensland Government offers this employee benefit and FleetPartners is proudly an approved Novated Lease panel provider. 

 

With a Novated Lease, a portion of your salary is used to cover the finance and associated running costs on your vehicle, potentially reducing your taxable income and the GST you pay, which could save you thousands. FleetPartners takes care of all the administrative tasks, leaving you with more time to enjoy your car, hassle-free.

 

Novated car leasing benefits for personal use

A FleetPartners Novated Lease is a stress-free, cost-effective way to get, and run, a new or used car. When you get a new car on a Novated Lease, you could save up to $6,191 in GST on the purchase price! 

 

Get in touch today and we’ll talk you through your options.

YOU COULD SAVE NOW

Thousands in upfront GST savings

You could save thousands in GST on the purchase price of a new car - up to $6,191! Plus, rather than paying for your car with your take-home income (after you’ve paid income tax), you’ll pay a portion using your pre-tax salary. So, you could reduce your taxable income and continue to save.

YOU COULD SAVE FOR YEARS

Possible ongoing running cost savings

Throughout the life of your lease, whether that's 2, 3, 4 or 5 years, you could save in GST and income tax on your budgeted running costs. Our customers save an average of 15–20% every time their car goes in for a service or needs maintenance, such as new tyres. You’ll also pay no GST on some of these costs!

ONE BUNDLED PAYMENT ON PAYDAY

convenience and flexibility

We bundle your car finance and budgeted running costs into one convenient payment on payday. This includes fuel, tyres, registration, insurance, servicing and more. So, when it's time for servicing, you won't get hit with a big bill or out-of-pocket expenses.  

Your benefits

From potential tax savings to 24/7 hour roadside assistance, a FleetPartners Novated Lease for your car could get you where you need to be for less.

Your car, your way

Whether you're simply run the kids to school or take a weekend drive. We’ll help you find a car you love to drive and meets your needs - you can choose the make, model, colour and accessories that work for your budget and your needs.

Your choice

We have a national network of dealers and service providers offering great pricing and discounted rates which you can take advantage of. You also have the freedom to use your own preferred providers – whatever is right and convenient for you.

Your time

You can choose a lease which meets your needs from 1 to 5 years. You also have options at the end of the lease too – we can help you get into a new car with a new lease, extend the lease on your current car, or you can pay out the residual and keep your car.

Adapt your lease in 1 phone call

We’ll help you set a budget according to your driving patterns. If these change, simply call us to adjust your budget throughout your lease.

Your records at a glance

A regular report, delivered straight to your inbox. So you’ll always know how your budgets are tracking, what your car costs to run, and how much money you’re saving.

Cashless fuel fill ups and discounted maintenance

A FleetPartners Novated Lease provides access to discounts on repairs, maintenance, parts and labour, when you use our preferred authorised network of partners. Plus, never be stranded without fuel – your lease includes a fuel card for cashless fill-ups that can be used at more than 6,000 outlets across Australia.

Check out our latest vehicle specials

NOVATED CALCULATOR

Estimate your savings

Get a quick estimate on how much you could save using a Novated lease for your next car.

Let’s start your estimate

* Figures are based on the following criteria: 1) FleetPartners Novated Lease 2) Gross annual salary of $80,000; 3) QLD on road costs; 4) Travelling 12,000km p.a.; 5) 60-month lease term; 6) calculated using the Employee Contribution Method (ECM); 7) Assumed residual value based on residual percentage outlined by ATO guidelines as 01/07/23; 8) Payments made monthly in arrears; 8) Budgeted running costs inclusive of vehicle finance, fuel (excl. electric vehicles), servicing, tyres, maintenance, Allianz comprehensive motor insurance, and re-registration over the period of the lease. 9) FBT exemption applied to eligible Electric Vehicles. GST saving up to $6,191 (as per ATO guidelines as at 01/07/23). The exact residual amount, as set by the ATO, will be specified in your vehicle quote and is payable at the end of the lease term. Vehicle pricing is correct at the time of publishing but may be subject to change based on availability. Vehicles must be ordered before 30/06/24 (unless extended) via the FleetPartners preferred dealer network. Novated Lease offers are indicative only and availability on the selected new vehicles and models shown may change. Vehicle delivery timeframes may vary, depending on manufacturer availability, at time of order. Savings estimate based on the income tax and GST savings of a Novated Lease calculated using the Employee Contribution Method compared to the purchase of the same vehicle using post-tax earnings. Savings figures are based on FleetPartners Group Ltd negotiated buying power discount. All applications for credit are subject to credit approval criteria. Terms and conditions, fees and charges apply. 
The implications of salary packaging a motor vehicle through a novated leasing arrangement, including tax savings will depend on your individual circumstances. The information in this publication has been prepared by FleetPartners for general information purposes only, without taking into consideration any individual circumstances. 
FleetPartners 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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FAQs

    What is a Novated Lease?

    A Novated Lease could be a flexible and convenient way to finance and run your car. The three way agreement between you, your employer and FleetPartners allows you to package the finance and running costs associated with your car, directly from your salary. This allows you to save on GST and income tax on expenses on your car.

    Why choose 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 GST on the purchase price, as well as GST on running costs
    • Access our preferred supplier network and save on ongoing maintenance and tyres
    • Convenient payments straight from your salary, some of which is tax-free
    • Enjoy the convenience of FleetPartners managing your vehicle expenses for you
    • Enjoy the flexibility of designing the package to suit your needs

    What kind of car can I choose?

    The choice is yours!

    You choose the make and model, colour and accessories you want and that suits your lifestyle and budget.

    • New – access our buying power or negotiate with your own deal
    • Used vehicles under 7 years old
    • Your existing vehicle under a Sale and Leaseback, where we'll buy your car and then lease it back to you

    Plus, you can include car extras such as window tinting, protection packs and much more. 

    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. 

    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 via your payroll department.

    You can keep track of your budgets through our online portal. 

    How are the running costs managed?

    FleetPartners do it all for you! Fuel cards are issued for your convenience; servicing, maintenance and tyres are organised and paid for directly to the supplier.

    If you have opted for FleetPartners to arrange your comprehensive insurance you can be assured that your cover is in place for when you drive away. If you choose to include your own comprehensive 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 paperless transaction once the package begins, and you have the ability to review and adjust your budget at any time.

    What happens if I change jobs?

    There are a number of options to consider if you change jobs during your lease term:

    • You could transfer your novated lease to your new employer, if your employer offers novated leasing
    • Continue to make your monthly lease payments under the existing finance agreement (less any previously included running costs)
    • Make an offer to purchase the vehicle and payout the lease (including residual value amount). 

    What happens if I go on unpaid leave?

    If you go on unpaid leave for any reason (including maternity leave), you will need to continue paying the finance rental and running costs yourself.  Once you return to paid work, your Novated Lease deductions can recommence by your employer from your pay and you can again access the tax savings.

    What happens at the end of my lease?

    FleetPartners will contact you before your lease is due to end and walk you through options. In summary, these options are: 

    • Keeping your car by paying the residual value amount and taking full ownership of the vehicle.
    • Refinance the residual for an additional lease term and continue to get the tax savings on running costs.
    • Upgrade to a new vehicle with a new lease.

    We'll step you through your options and make it easy!

    What is Fringe Benefits Tax (FBT)?

    Fringe Benefits Tax (FBT) was introduced as a way of taxing non-cash benefits which are received in place of cash wages. If your employer assists in the provision of an owned or leased car is an example of such a benefit.

    Without FBT, employers could provide non-cash benefits to their employees free of tax. Employers have been made responsible for administering fringe benefits and for payment of any FBT liability.

    When setting up your lease, we take care of this and work with your employer to minimise the FBT liability. 

    If I have an accident do I have to sort it out?

    Having an accident can be a unnerving event. But, with FleetPartners, just one phone call will take care of everything. From advising the driver on the scene and handling all the necessary insurance documentation and claim, to the repair process and handing the keys back to the driver. We even liaise with your insurer to arrange the repair estimates as well as manage the repair agent to ensure the time your vehicle is off the road is kept to a minimum and the repairs are of a quality standard.

    If the vehicle breaks down what am I covered for?

    You can choose to have Accident and/or Breakdown management added to your contract. Simply call us and we'll arrange for someone to come out to either repair your vehicle on the roadside or, tow it to an agent who can get you on your way again.

    If the vehicle has to stay at the repairer, we can arrange for you to carry on to your destination or return home.