Novated leases are an economical means to lease a car through salary sacrifice, and you can make your lease go further when you check what operating costs are included. Fully maintained operating lease If you’re looking for a lease that includes all your operating costs for convenience, a fully maintained operating lease could be the most suitable solution. Operating costs such as fuel and maintenance will be included in your monthly repayments, making management of your vehicle and lease simpler and less demanding, as well as reducing administration costs for your employer. These leases can also be as flexible as required, and can be based on the number of months or number of kilometres travelled. If you will be claiming back expenses on your novated lease, comprehensive reporting included in fully maintained operating leases will also make it easier to keep track of FBT expenses and replacement dates. Non-maintained operating lease If you only want your novated lease to cover the cost of the vehicle itself, resulting in lower deductions Read More
Finding out whether your employer offers novated lease vehicles as part of salary sacrifice agreements can be a cost-effective way to lease a car for business and private use. What are novated lease arrangements? Novated leases are arranged between employees and employers, or may be arranged directly with financiers. Under these leases, the lessee agrees for part of their regular salary before tax to be put towards financing a vehicle of their choice, and these agreements can also be beneficial for employers to enhance their employee attraction and retention. The type of vehicle that can be bought or leased may depend on any arrangements between your novated lease provider and car dealerships. Novated lease vehicles for personal use Novated leasing can be an economical way for employers to ensure their workers have a convenient means of travelling to and from work, or for carrying out work-related tasks, such as business trips. However, these vehicles are not restricted to commercial use, and once the lease has been fully paid, the lessee will have Read More
…the service provided by Fleet Network was excellent. Frank and Sasha were very helpful, Sasha must’ve done a lot of our footwork because there was very little that I needed to do so it made things quite easy and hassle free. I will continue to use Fleet Network in the future, and be sure that I will encourage everyone that I know to do so as well. Rodney
The WA Navy Team (sponsored by Fleet Network) recently achieved a strong result in the Gibb River Mountain Bike Challenge placing 5th out of 64 teams in the event. Trevor Syme said “Event went exceptionally well and for a team of hacks we ended up coming 5th out of 64 teams – so a really good result.” The Gibb Challenge is a week long 700+ kilometre team relay event aimed at raising awareness and money for charity.
When you sacrifice part of your salary to finance novated lease vehicles from a reputable provider, you will have the freedom to choose the make and model of car you desire, subject to some restrictions. Which cars can I lease? Anyone can buy a car through a novated lease, whether this is offered by their employer or arranged independently with a leasing provider. You can usually finance any type of new car or passenger vehicle through a novated lease, and depending on your lease agreement you may also be able to package a light commercial vehicle or used car, as long as these are less than eight years old or have travelled less than 200,000 kilometres by the close of the lease term. The maximum term for a novated lease is 60 months, but the length of your agreement will be determined by the value of the car you buy. Luxury Car Tax restrictions If you’re interested in leasing or buying a luxury car, you will need to understand the implications that Read More