Salary Sacrifice Your Car
Salary Sacrifice Your Car

Salary Sacrifice Your Car

What is salary sacrificing?

Salary sacrificing a car via a novated lease is an arrangement with your employer that enables you to use your pre-tax income to lease a new or used car.

When payments are made before tax, it can help to reduce your taxable income, which increases your take home pay and helps you pay less overall tax. Depending on your salary, the financial benefits from salary packaging can be significant.

While we specalise in salary sacrificing cars Australia-wide, salary sacrificing can also be used to reduce your taxable income on a number of other expenses like insurance, loan repayments and other personal expenses – it just comes down to your employer.

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Why should I salary sacrifice my car?

Depending on your salary and employer, the extra savings and benefits you get from a salary sacrifice car lease can be significant.

Pay off everyday expenses

Stay on top of your finances while getting more tax back by salary packaging expenses like mortgage, loan, and credit card payments.

Enjoy tax-free purchases

Get a better deal on a new car through a novated lease or other big purchases on your wishlist.

Grow your retirement savings

If eligible, you can salary package additional contributions you make to your super fund while saving even more on tax.

We help you salary sacrifice a car via a novated lease

Salary sacrificing your next car is the smart way to lease a car. A novated lease arrangement with your employer enables you to unlock your pre-tax income which can save you thousands on your next new or used car.

For over 20 years, we’ve been helping Australian’s salary sacrifice their way to a new car. Our service is personal. We’re fast, flexible and we don’t use call centres – call us and you’ll speak directly to our experts. If you’re looking to get started,  to get a fast online quote.

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I’m interested in the following salary packaging services:(Required)

What can be salary sacrificed in Australia?

Some of the most common examples of salary sacrifice benefits in Australia include:

  • Accommodation and Venue Hire
  • Airport Lounge Membership
  • Airport Parking
  • E-bikes
  • FIFO Travel
  • Laptop and Portable Electronic Devices
  • Living Expenses
  • Meal Entertainment
  • Mortgage / Rent Payments
  • Novated Lease Vehicles
  • Operating Leases
  • Fleet Network Card
  • Relocation Benefits
  • Remote Area Benefits
  • Self Education
  • Superannuation
  • Workplace Giving
  • Other Deductible Benefits

See how much you could save

From a reduced tax bill to exclusive discounts and deals, find out how much more you could be saving by setting up a salary sacrifice arrangement with Fleet Network today!

Examples of Salary Sacrifice Car Leasing with Fleet Network

It can be tricky to understand the true savings of novated leasing, so we’ve put together two packages which highlight the differences of salary sacrificing a car versus personal financing.

While there is no minimum number of kilometers that you have to travel in order to make significant savings, for the purposes of these examples we have we have estimated 15,000km over a 5-year novated lease – this represents an ‘average’ package.

Note: We can also provide savings and salary sacrificing figures specific to your needs, give us a call on 1300 738 601.

Hyundai i30 Sedan N Line
Car Loan
Mortgage

Novated Lease

Purchase Price
$33,860
$33,860

$30,980

Cost of Finance Over 5 Years
$45,760
$33,042

Included

Running Costs
$25,250
$25,250

Included

Novated Lease Cost
N/A
N/A

$63,180

Total Cost Over 5 Years
$71,010
$92,152

$63,180

Savings with a Novated Lease
$7,830
$28,972
Toyota Hilux SR5
Car Loan
Mortgage

Novated Lease

Purchase Price
$63,967
$63,967

$58,605

Cost of Finance Over 5 Years
$86,580
$69,187

Included

Running Costs
$28,930
$28,930

Included

Novated Lease Cost
N/A
N/A

$105,690

Total Cost Over 5 Years
$115,510
$162,084

$105,690

Savings with a Novated Lease
$9,820
$56,394
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