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A novated lease could get you more for your dollar.
A new car could be more affordable than you think.
Like many other Australians who want a new car, you may think it’s out of reach. It may not be, with the affordability of a novated lease.
When you include fuel, servicing, tyres, car washes and car insurance in a novated lease package, the overall savings could surprise you.
RemServ customers are happily surprised by the affordability of a novated lease and the range of cars available.
With special run-out deals via our preferred dealers, fleet discounts and GST savings, our customers are driving away in the latest model cars from Australia’s most popular brands.
Experience the affordability of a novated lease! Submit your details today.
A novated lease is an easy and affordable way to run your car. And best of all, it could save you money.
Thousands of Australian motorists are already benefiting. Don’t believe the myths. Here are the facts.
"I don’t drive enough kilometres to benefit."
False! Anyone can benefit with a novated lease, no matter how much they drive – even if you drive less than 15,000 kilometres a year.
Consider this example:
Frank leases a car worth $34,000 on a four–year lease term. He works close to home so he only drives his car 15,000 kilometres each year. Based on his $85,000 annual salary (excluding super), Frank would receive a monthly saving of $270 or $3,242 each year. That’s an estimated benefit of up to $12,968 for the term of the lease.
Imagine what you could do with an extra $3,242 a year. The PAYG tax savings are only possible if you pay for your car with a novated lease. And if you drive low kilometres you retain the value of your car for longer. This could have a positive impact on the market value of your car, whether you sell it, or buy it outright at the end of your lease.
"I can only benefit if I have a high salary."
False! You don’t have to earn a high salary, or have a managerial job to benefit from a novated lease. Many people on an average income drive leased cars and enjoy plenty of savings.
Hint: When you apply for your lease we can assess your finance application based on your household income. Ask one of our dedicated leasing consultants to explain how this could apply to your circumstances.
Consider this example:
John’s annual salary is $50,000. He leases a car valued at $33,606 on a four-year term. He pays for his car and its running costs with a combination of pre-tax and post-tax dollars from his salary, rather than a personal loan. This means he’s already saved 10% upfront because he doesn’t pay GST on the purchase price.
By paying for his car this way, John saves $251 each month or $3,017 each year. When you add this up, John could save up to $12,068 in four years. Now that’s a big tax saving that you could put towards your household bills or a well deserved holiday.
"I can only lease a new car."
False! If you need a new car or a used car leasing is an option for you. You can choose any make or model you prefer (subject to your employer’s policy). But did you know you could take advantage of what’s known as ‘Sale and Leaseback’ if you already have a car? It works like this: if you own your car (or finance it privately) you could choose to sell your car to a financier for fair and agreed or market value, and then lease it back under a novated lease.
Our Sale and Leaseback option allows you to free-up the equity you have in your car to spend on other things, such as renovations or a holiday. A financier will buy your car, pay-out your existing finance loan and send you the remaining proceeds from the sale. We will then lease your car back to you. Your lease repayments and car’s estimated running costs are then paid with regular deductions from your salary throughout your lease.
"I am better off if I add the car to my home loan."
A novated lease offers you what an ordinary loan doesn’t – a complete deal.
Remember to weigh up all the benefits before you make a final decision:
- Save with no GST payable on the purchase price of your leased car (10% saving upfront).
- No deposit required.
- Pay for your lease and running costs from your salary – and save tax.
- Competitive pricing with our nationwide buying power.
- Pre-authorised maintenance – so you never pay for what you don’t need.*
- BP, Shell or Caltex Fuel Cards – so you don’t need to pay with cash at the service station.
- Special discounts on tyres through our affiliates.
- A flexible budget for your lease repayments and car’s running costs is prepared for you (and regularly monitored) by our dedicated consultants.*
*Fully maintained leases only.
Whereas, if you choose to finance your car through a personal loan or your home loan:
- You have to source your own vehicle as an individual buyer.
- You may need to pay a deposit to secure finance.
- You have to source your own finance approvals.
- You can only pay using post-tax dollars; there are no extra discounts or tax savings.
- You still have to budget (outside your loan) for your car’s running costs, including fuel, maintenance and roadside assistance.
- You may have to repay more interest over a longer period if you add your car to your mortgage loan.
How to get started
Our experienced team can guide you through the application process, answer your questions and provide you with a no-obligation quote.
Call us today 1300 73 14 29.
Things you need to know: Calculations of net benefit include annual administration fees. We have made assumptions in our calculations of savings. Your savings will vary depending on your personal circumstances, salary, distance travelled, selected vehicle, benefits, and applicable tax treatment. Call us for an estimate to see how a novated lease could work for you. Eligibility criteria and terms & conditions apply. Please refer to your employer’s Salary Packaging Information Booklet available at www.remserv.com.au or by calling 1300 73 14 29. Remuneration Services (Qld) Pty Ltd does not provide you with any form of financial, taxation or financial product advice on the relative merits of salary packaging or novated leasing or on any other basis. You should seek your own independent professional advice before making a decision. The estimated potential tax benefit is based on the assumption that you would have paid for the lease from your post-tax salary (as opposed to salary packaging) those payments from a combination of pre- and post-tax salary). GST of 1/11th is payable on your ECM contributions. State Stamp Duty rates apply. Dealer delivery is excluded. In the examples PAYG tax rates effective 1 July 2014 have been used and Input Tax Credits have been passed back by your employer through your salary.