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.