LEASING MADE EASY

When it comes to Novated Leasing, things shouldn’t be complicated.

That’s why at FleetPartners, we package everything up, which makes

leasing easy and convenient. Your company can enjoy tax savings,

cost savings, reduced administration and your employees will benefit too.

They can enjoy the ease of taking up a lease without the fuss.

It’s because we do all of the hard work for them. We ensure that

the lease makes sense financially, so they can save time and money,

whilst enjoying a great vehicle.

HOW DOES IT WORK?

Once your company signs up, FleetPartners will take care of the rest for you.

You and your employees will benefit with access to myCar – FleetPartners’

online portal. Save time and stay in control, with the convenience of

24/7 access to lease information. Employees can login anytime to

complete credit checks, order and process a vehicle – enjoying an end

to end paperless Novated Lease experience. During the course of the

lease, we will be in touch with administrative reporting like FBT and other

relevant information.

01.Our expert team will source the

car of choice, organise discounts

using FleetPartners’ purchasing

power, arrange finance and

delivery of the vehicle to your

employee’s door.

02.Throughout the lease, we’ll

communicate with your

employees regularly and offer

them personalised support with

discounts, servicing, repairs and

monthly statements.

03.At the end of the lease,

your employee has a range

of options available to them,

including refinancing or arranging

a trade-in for a newer model.

We can also help your employees

re-sell their vehicle.

What’s in it for you?

Attract and retain valuable staff by adding value to employees’ remuneration packages

Massive reduction in administration work

Reduce your PAYG liability by reducing the taxable wages of your employees

What’s in it for your employees?

Discounts on servicing and maintenance

Reducing income tax due to pre-tax deductions

No GST on the purchase price of their new car and receive large fleet discounts

Convenience of one monthly payment

24/7 Roadside assistance

Entitlement to GST savings on fuel, servicing and maintenance

THE TRUTH ABOUT NOVATED LEASES

IT WILL BE AN ADMINISTRATIVE BURDEN

REALITY

While some employers might perceive that Novated Leasing

constitutes an administrative burden, this is not actually the case.

In practice, financiers manage the admin. There is initial paperwork,

but once a Novated Lease is in operation, there is just one

monthly invoice to pay, which can be fully automated.

WE’LL BE LIABLE FOR THE EMPLOYEE’S NOVATED LEASE

REALITY

Who picks up the tab if the employee leaves the business?

Simple – in this situation the employee remains responsible

for making the payments. In other words, a Novated Lease is

portable: it ‘belongs’ to the employee. Novated lease cars are not

‘company’ cars.

If an employee leaves the company, the car will not be left for

you as the employer to deal with, but will become entirely the

employee’s responsibility. In most cases they can even transfer the

lease to their new employer.

THE COMPANY WILL BE RESPONSIBLE FOR THE FINANCING

REALITY

As with any lender, we have credit approval processes to ensure

your employees can afford their Novated Lease.

Rather than organising a fleet of company cars, a Novated Lease

arrangement will allow each employee to take control of

their own car. This means it is not a liability to the company nor

an administration headache but purely maximising staff benefits

and retaining your valuable staff.

THE LEASE IMPLEMENTATION IS A LOT OF WORK

REALITY

It isn’t really. All we need is around an hour with your payroll

and finance teams to set everything up. From there, we help you

promote the benefit internally through one on one consultations,

ongoing special promotions and a variety of ways for your staff to

enquire directly with us.

LOAN VS. NOVATED LEASE

VEHICLE LOAN AT 0%

NOVATED LEASE

Gross annual salary $80,000.00 $80,000.00

Pre-tax deductions $0.00 -$5,829.02

Taxable Income $80,000.00 $74,170.98

Tax (incl. Medicare Levy) -$19,147.00 -$17,135.99

Post-tax vehicle expenses -$14,324.81 -$4,882.06

Annual income after tax and vehicle expenses $46,528.19 $52,152.93

Annual savings with a Novated Lease $5,624.74

Assumptions;

• Cost of vehicle is $28,812.90 - the Novated Lease employee saves on the GST component which is not financed, however full amount is financed for 0% Loan.

• All running costs on 0% loan have applicable GST (i.e. Insurance, fuel and maintenance), employee saves on the GST with the Novated Lease.

• Estimated kms 15,000 per annum.

• Based on a 3 year term.

• Comparison based on 2014-2015 income tax rates.

• Novated Lease calculations based on Employer Contribution Method (ECM)

WHY NOVATE WITH US?

EMPLOYEE SERVICES

Education programs through online webinar

and seminars, one to one presentation

sessions to help your employees make the

most of their salary and available benefits

A direct 1300 number that directs to a real

person, not an automated system

Access to myCar, 24/7 Novated Leasing portal

Free vehicle sourcing service, large sale

nationwide buying power to source

competitive pricing for all Novated Leasing

customers

Independent customer tracking through

Net Promoter Score NPS.

EMPLOYER SERVICES

Dedicated implementation team to project

manage your benefits launch

Team to manage your novated changeover

Comprehensive staff training for your

payroll, finance and HR functions as you

have access to an account manager for

ongoing support

Readily accessible in-house subject matter

experts in tax, compliance, communication

and education

Reporting of data including FBT and GST

Nationwide buying power to source

competitive pricing on a range of services

National coverage, we are on hand

whenever you (or your employees) need us

State based account managers who

understand your business and local issues

as well as providing a face to face service

1300 88 22 66

fleetpartners.com.au