Salary packaging for cars
Vehicle Salary Packaging allows you to pay car repayments and other vehicle expenses from your pre-tax salary lowering your taxable income. Many novated lease consumers also prefer the ‘out of sight, out of mind’ no-fuss bill payments.
Your Vehicle Salary Package can be configured to cover things like, fuel costs, rego, tyres, servicing, insurance, repairs and even roadside assistance!
Designated amounts for the above expenses can be tailored to suit your vehicle and your needs. Positive Salary Packaging offers a huge range of options coupled with years of experience, saving our clients time, hassles and money.
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Get in touch with us today to learn more about our employee benefits solutions and how we can help you optimise your salary packaging experience
Common questions
It is possible to switch from a car loan to a Novated Lease. The specifics will depend on the terms of your current loan, any early repayment fees, and the agreement with your leasing provider. Consulting with Positive Salary Packaging will give you a clear picture of the steps involved and any associated costs.
Yes, you can lease a used car using this method. However, the specific terms and conditions might vary based the age or condition of the used vehicle. It’s essential to check with your us for the exact requirements and potential limitations.
No, the Novated Lease Operating Cost Method is different from a Business Operating Lease. A Business Operating Lease is an agreement where a business leases a vehicle for a set period, after which the vehicle is returned to the lessor. In contrast, the Novated Lease Operating Cost Method is an arrangement between an employee, employer, and a leasing company, where the employee can lease their personal vehicle through salary packaging, factoring in a business use percentage for potential tax savings.
Employers can benefit in several ways, including reduced fleet management responsibilities, potential GST credits on operating costs, and the ability to offer an attractive incentive for employee attraction and retention.
Why choose Positive Salary Packaging?
Setup
Positive Salary Packaging integrates with a variety of accounting software. No matter if you’re using Xero, MYOB, QuickBooks or another system, the Positive team ensures a simple ‘set and forget’ setup and integration.
Flexibility without barriers – how things should be.
Support
The Positive team is here to answer your and your employees questions. We understand that concerns and questions arise when it comes to salary packaging, and we’re by your side – online, over the phone or in-person.
Positive provides support before, during and after sales.