Novated Lease Vehicle Deals
Our Novated Lease Packages include the following;
Your agreement is fully portable between employers. What was once only available to the public service sector, is now available to every working Australian. If you decide to stop working, you can continue the agreement directly with the financier or potentially transfer to a family member or associate.
Any unspent provisions can be withdrawn via your payroll at any time throughout the term. Surplus at the end can be rolled into your new vehicle, if you wish to upgrade.
You are the registered and insured owner of the vehicle therefore the decision of who drives it is entirely yours!
Yes you may lease more than one vehicle for you and your family members.
Fringe Benefits Tax does not apply to a novated lease.
No, as long as you pay tax, you will benefit.
No the vehicle can be driven entirely for personal travel.
- Upgrade your vehicle - You can upgrade your vehicle by trading in or selling your existing vehicle, keeping any profits tax free
- Extend your current package for another term - You can re-lease your existing residual which allows you to continue to receive your income tax and GST savings on the same vehicle
- Payout the remaining residual
- Own the vehicle outright with Residual - You can purchase the vehicle outright by paying the residual amount owing on the finance.
All novated examples are based on 60 months term traveling 15,000kms per annum based upon a $72,000 annual income. Images are for display and illustration purposes only. Vehicle supply is subject to availability and pricing may change subject to manufacture discretion and could affect the estimated figures list above. Novated leasing or Vehicle Packaging works for the employee by substituting a taxable benefit compared to their current personal scenario. The above figures represent the estimated net impact on your income taking into account the assumed tax and GST savings. All applications are subject to normal credit criteria and assessment along with loan suitability. Terms, conditions, fees and charges may apply. It is best to seek financial advice from an independent specialist in regards to your own personal circumstances before solely relying on these figures. Fleet Choice NT ABN 72 152 872 636.