Discover how our Novated Lease Solutions are tailored to provide exceptional savings and convenience for City of Armadale’s worforce, empowering tax savings and the benefits of tax savings for your everyday motoring.
In partnership with Positive Salary Packaging, the City of Armadale offers employees various salary packaging benefits, aiming to improve their experience. This includes opportunities for financial optimisation such as Novated Leasing and exclusive vehicle expense savings.
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A Novated Lease is a tax effective form of financing your vehicle. It allows you to pay for the vehicle and all it’s associated running costs using pre & post tax money. This method reduces your taxable income resulting in savings of thousands
Make repayments, maintenance, fuel / charging, insurance and even registration from your pre-tax income, and reduce the amount of tax you pay upfront.
As Novated Lease finance is treated as a business transaction, this means you don’t have to pay the GST on the purchase price of the vehicle. Saving you effectively 10% on the vehicle price straight up! You also save the GST on your running costs
A range of novated car lease options allows you to choose those with flexible terms, fixed interest rates, and no deposit requirement.
You can package any vehicle (new, used and even existing) We can even offer a refinance option to potentially re-gain some of the benefit you have missed out on over your remaining finance term.
If you wish to sell or trade-in your vehicle at the end of the term, any profit above the residual value is yours to keep TAX-FREE
You can choose the car you want and take it with you to your next job if you change employers.
Our Novated Lease Packages include the following;
Repayments Fuel / Charging Tyres Registration Servicing Insurance
Use our Novated Lease Calculator for an instant quote
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Any unspent provisions can be withdrawn via your payroll at any time throughout the term.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!
Fringe Benefits Tax does not apply to a novated lease.
No, as long as you pay tax, you will benefit.
All novated examples are based on 60 months term traveling 15,000 kms per annum based upon a $85,000 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/lease suitability. Terms, conditions, fees and charges may apply.
It is best to seek financial advice from an independent specialist such as an accountant in regards to your own personal circumstances before solely relying on these figures.
Positive Salary Packaging ABN 71 643 583 171.
See what Positive Salary Packaging can do for you today. Simply hit the button and send us an enquiry to get started.
