Novated Leasing Guide for Private Employees & Employers
Novated leasing is a popular choice for government employees as all government departments are already set-up and approved to offer this benefit to their staff. Private company employees can also reap the benefits of buying a new or used car via a novated lease.
How do you set-up a Novated Lease?
If you work for a privately owned company and want to potentially save thousands on your car each year, here are the steps you need to take:
1. Contact your payroll department and ask if they offer novated leasing as a benefit to their employees
2. If yes, all you need to do is choose your dream car and our team can negotiate a package customised to your individual circumstances
3. If no, our operations team are happy to speak to your payroll department and demonstrate how easy it is to set-up a novated leasing benefits program
Benefits for Employers
It’s easy to administer
Premium savings on Payroll Tax and Workcover
beCarWise provide dedicated software to manage the program including full FBT reporting
Payroll’s only role is deducting repayments from your pre- and post-tax salary
There’s no cost to the employer
No hidden fees
Helps add-value to employee’s pay packet
Dedicated account manager to provide payroll and employee support
Benefits for Employees
Fleet discounts on vehicle purchase, maintenance and running costs
Save tax and GST on the purchase price and running costs
Pre-tax repayments can reduce your income tax
Combine your finance, fuel, insurance and servicing costs into one regular simple repayment
Options available for new, used and existing cars
Want to learn more?
Our experienced team is here to help! Please contact a beCarWise consultant on 1300 734 500. We would be happy to arrange an obligation-free tailored Employee Benefits Program proposal, or an educational workplace visit at your convenience.
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