Australian Education Union NT

What is Novated Leasing?

Unlike a traditional car loan, a Novated Lease can reduce the amount you need to pay in income tax and GST on your new car. It is an arrangement made with your employer to pay for a car and its running costs through your pre-tax salary.

This means you can save thousands on your take home salary! With Fleet Network, you’ll also get access to a wider range of vehicles at discounted prices. It’s a win-win.

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Frequently asked questions

Australian Nursing Federation members.

The handover specialist will complete a request form on the day of handover, and the customer will be contacted by myenergi within 48 hours of handover.

The vehicle must be settled with Fleet Network prior to January 1st 2024.

Commonly referred to as salary packaging, a novated lease is an easy and cost-effective way to finance a new or used car.

It’s a type of salary packaging arrangement that you can make with your employer, where you agree to set aside some of your pre-tax salary to pay for a car of your choice and all the running costs that come with it.

We facilitate a three-way agreement between WA Health employees, the employer and the finance company, allowing healthcare workers to save thousands by reducing their salary prior to tax.

Yes, you can. Fleet Network allows our clients to choose their insurance provider. This is a good way to maximise the benefits of a novated lease as you have the freedom to choose the insurance provider that suits you best.

Your lease is fully portable, subject to the agreement of your new employer.

This would require a new deed of novation between you, your new employer, and the financier, but the lease term would carry on undisturbed.

Alternatively, you can continue to make the lease repayments from your post-tax salary or pay out the vehicle.

Whichever option you choose, the Fleet team will guide you through the process and prepare all documentation.

In short: yes, they are! There are certain criteria EVs must meet for them to be exempt from the FBT.

The policy applies to battery electric vehicles and plug-in hybrid electric vehicles. PHEVs will not be eligible from April 1, 2025 as they will no longer be considered a zero or low emission vehicle under the FBT law.

Non-luxury battery electric and plug-in hybrid models are eligible, up to a maximum purchase cost of $84,916. The vehicle must first be registered after July 1, 2022.

Absolutely. Thanks to the Electric Car Discount, current or aspiring electric vehicle drivers can now enjoy the benefits of novated leasing previously unavailable to them. If you have been interested in getting an electric vehicle but held off due to the cost, you now have an affordable option to own an EV with a novated lease.

By novated leasing an electric car, you don’t have to pay GST on the upfront price of your vehicle and can bundle all your running costs such as charging, insurance, registration, tyres and servicing, in your repayment. Your repayment is taken from your pre-tax earnings, so you end up with more of your own income and save on tax.

Interested but unsure how to start the novated leasing process? The Fleet Network team will guide you by setting up and managing your lease for a stress-free, easy process. Contact our team to get started with a quote that is tailored to you and your circumstances.

Yes, you can! Any Tesla can be packaged as a novated lease. Variants of the Tesla Model 3 and Model Y are also eligible for FBT exemption. Contact us for a quote tailored to you.